Business and Finance

Southwest ends open seating after 54 years. We took the last flight

OVER THE PACIFIC OCEAN — The 112 passengers on this Southwest Airlines red-eye flight from Honolulu to Los Angeles were the last in the airline’s more than 54-year history to scramble for a seat on board. Before dawn on Tuesday, Southwest ended its quirky (or anxiety-inducing, depending on the traveler) open-seating policy in favor of […]

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16,000 jobs to be cut in latest anti-bureaucracy push

A pedestrian walks past Amazon Ireland corporate offices in Dublin, as Amazon.com, Inc., said on Tuesday it plans to cut its global corporate workforce by as many as 14,000 roles and seize the opportunity provided by artificial intelligence (AI), in Dublin, Ireland, Oct. 28, 2025. Damien Eagers | Reuters Amazon said Wednesday it plans to

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South Korea’s SK Hynix to establish a special ‘AI Company’ in the U.S.

Illustration of the SK Hynix logo displayed on a phone screen. Jakub Porzycki | Nurphoto | Getty Images South Korean memory giant SK Hynix announced Wednesday that it will set up a new U.S.-based company focused on artificial intelligence solutions, committing at least $10 billion as it seizes on new AI growth engines. The new

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SK Hynix doubles 2025 profit as AI memory shortages drive earnings beat

Signage at the SK Hynix Inc. booth at the China International Import Expo (CIIE) in Shanghai, China, on Thursday, Nov. 6, 2025. The expo runs through Nov. 10. Photographer: Qilai Shen/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images South Korea’s SK Hynix on Wednesday reported record full-year profit for 2025, more than doubling

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LVMH shares fall after Q4, FY results fail to impress

Bernard Arnault, Chairman and CEO of LVMH Moet Hennessy Louis Vuitton, speaks during a press conference to present the 2023 annual results of LVMH in Paris, France, January 25, 2024.  Benoit Tessier | Reuters LVMH shares plummeted over 7% in morning trading Wednesday after the French luxury conglomerate reported mixed full-year earnings late Tuesday. Organic

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Mining stocks have rallied. The jury’s out on what’s next

Mining stocks have been on a tear, with multiple metals repeatedly smashing records, but analysts are split on whether it will continue. Gold futures for February hit a record of $5,100 per ounce on Sunday and silver futures for March reached a high of $115.5 per ounce the following day. Investors tend to flock to gold

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China gives green light to importing first batch of Nvidia’s H200 AI chips: Reuters

Jensen Huang, chief executive officer of Nvidia Corp., speaks during the 2026 CES event in Las Vegas, Nevada, US, on Tuesday, Jan. 6, 2026. Siemens and Nvidia announced an expansion of their strategic partnership to develop industrial and physical AI solutions to bring AI-driven innovation to industrial workflow. Photographer: Bridget Bennett/Bloomberg via Getty Images Bloomberg

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Airbus, AstraZeneca and HSBC executives join UK’s Starmer on high-stakes China trip

British Prime Minister Keir Starmer at Downing Street on January 27, 2026 in London, England. Jack Taylor | Getty Images News | Getty Images BEIJING — Nearly 60 British businesses and cultural organizations will join U.K. Prime Minister Keir Starmer on his trip to China this week, the first such state visit in eight years.

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