CNN to lay off hundreds of employees as post-inauguration transformation begins, sources say
Both CNN and NBC News are planning layoffs this week as newsrooms transition away from linear TV toward digital audiences.…
Category: Economy
GM reveals new performance Cadillac Lyriq as it plans to lead EV luxury sales in 2025
General Motors on Thursday revealed a new $80,000 performance version of its all-electric Cadillac Lyriq. ...
Can Trump force the hand of NATO allies to spend up to 5% of GDP on defense?
As President Trump looks to fix the issues that irk him the most, the issue of NATO defense spending —…
American Airlines shares tumble as outlook falls short
American forecast a wider than expected loss for the first quarter, sending shares lower. ...
Stripe cuts 300 jobs in product, engineering and operations
Stripe has cut 300 jobs, or about 3.5% of its workforce, CNBC confirmed. ...
Netflix shares soar as company reports surging revenue, tops 300 million subscribers
The fourth quarter was the last for which Netflix will report quarterly paid subscriber counts. ...
Netflix to hike prices on standard and ad-supported streaming plans
Streaming giant Netflix said it is increasing the cost of its plans in the U.S., including its cheaper, ad-supported option.…
Trump says he’s considering a 10% tariff on China beginning as soon as Feb. 1
On Tuesday, President Donald Trump floated a 10% duty on China, with an expected start date of Feb. 1. ...
Trump announces AI infrastructure investment backed by Oracle, OpenAI and Softbank
President Donald Trump announced a venture with OpenAI, Oracle and Softbank to invest billions of dollars in U.S. AI infrastructure.…