By Katie Paul NEW YORK (Reuters) – Facebook owner Meta Platforms plans to carry out its expected company-wide layoffs next week while pushing ahead with the expedited hiring of machine learning engineers, it told staffers in internal memos seen by Reuters on Friday. Notices will go out to employees losing their jobs starting at 5…
By Joey Roulette, Marisa Taylor and Aram Roston WASHINGTON, (Reuters) – President Donald Trump’s nominee as Air Force Secretary, currently a top official at the national spy satellite agency, arranged a multibillion-dollar contract solicitation in a way that favored Elon Musk’s SpaceX, according to seven people familiar with the contract. Changes to the requirements for…
(Reuters) -Bank of America Corp increased the compensation for Chief Executive Officer Brian Moynihan by roughly 21% to $35 million for 2024, the lender said in a filing on Friday. That compares with Moynihan’s pay of $29 million in 2023. Last month, the lender’s fourth-quarter profit beat expectations as its traders benefited from a flurry…
(Reuters) -The United States is planning military sales to Israel worth an estimated $7.4 billion that will include missiles and munitions, the Pentagon said on Friday amid a fragile ceasefire in Gaza. Former U.S. President Joe Biden’s administration had notified Congress of a proposed $8 billion arms sale to Israel in January, two U.S. officials…
By Jaspreet Singh (Reuters) – Pinterest’s shares rose 20% on Friday as it forecast first-quarter revenue above estimates, indicating that its AI-powered tools would spur ad spend on the image sharing platform. Pinterest has focused on direct response ads, designed to prompt specific actions like app downloads or website visits. Investments in AI tools such…
PARIS (Reuters) -French prosecutors have opened an investigation into Elon Musk’s X social media platform over alleged algorithmic bias, Franceinfo reported on Friday, citing an official statement. News of the probe comes just days before a major AI summit in Paris, which is due to host global leaders including U.S. Vice President JD Vance and…
(Reuters) -Amazon.com eliminated a reference to “inclusion and diversity” in its annual report filed on Thursday, after telling employees in December that it was winding down diversity programs as part of corporate America’s broader retreat from such policies. Some of the biggest U.S. businesses have been scaling back their diversity initiatives, years after pushing for…
By Lydia Morrish (Reuters) – Several major news outlets including Politico and the Associated Press have rejected unsubstantiated accusations by President Donald Trump and right-wing influencers that the U.S. Agency for International Development paid millions of taxpayer dollars to newsrooms in exchange for coverage favoring the Democratic Party. Trump wrote on social media on Thursday:…
(Reuters) – Trump Media and Technology Group said on Thursday it has applied to trademark six investment products that track bitcoin and the U.S. manufacturing and energy sectors. The trademarks include Truth.Fi Bitcoin Plus ETF, Truth.Fi Made in America ETF, and Truth.Fi U.S. Energy Independence ETF. Trump Media and Technology Group (TMTG) is yet to…
By Georgina McCartney and Arathy Somasekhar HOUSTON (Reuters) – U.S. refiner Delek has the option to run more light, sweet crude oil if it is economical to do so, CEO Avigal Soreq said on Thursday, amid tariff uncertainty threatening supplies of heavy sour grades from Canada and Mexico. U.S. President Donald Trump on Saturday announced…
