Business and Finance

Amazon mistakenly announces cloud unit layoffs in email to employees

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Amazon logo on brick office building facade with windows, San Francisco, California, Aug. 29, 2025. Smith Collection | Gado | Archive Photos | Getty Images Amazon on Tuesday sent a notice out to cloud staffers in an apparent error acknowledging “organizational changes” at the company. The e-commerce giant is expected to announce widespread layoffs across […]

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Australia inflation meets expectations at 3.6%, reaching a six-quarter high

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Activity on Elizabeth Street (at the intersection of Bourke St Mall), Melbourne on a cloudy day. Charlie Rogers | Moment | Getty Images Australia’s inflation came in at 3.6% in the fourth quarter of 2025, its highest level in six quarters, reinforcing warnings from policymakers that interest rate cuts this year are likely to be

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Asia markets open mostly higher after S&P 500 hits record, South Korea pushes fresh highs

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Melbourne, Australia Kieran Stone | Moment | Getty Images Asia-Pacific markets opened mostly higher on Wednesday, tracking gains on Wall Street after the S&P 500 closed at a record high. The broad market index gained 0.41% to finish at 6,978.60, supported by gains in Apple and Microsoft. Asian markets mostly extended Tuesday’s gains, with Australia’s S&P/ASX 200 climbing

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Carney tells Trump Davos speech stands after Bessent claims walkback

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Canada’s Prime Minister Mark Carney speaks during Question Period in the House of Commons on Parliament Hill in Ottawa, Ontario, Canada, Jan. 27, 2026. Patrick Doyle | Reuters Canadian Prime Minister Mark Carney on Tuesday denied Treasury Secretary Scott Bessent’s claim that, in a private call with President Donald Trump, he had backtracked on some

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Apple supplier Corning wins $6 billion from Meta for AI optical fiber

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As Meta tries to rapidly construct massive data centers to keep pace with the artificial intelligence craze, it’s turning to a 175-year-old glass manufacturer for help. Meta has committed to paying Corning up to $6 billion through 2030 for fiber-optic cable in its AI data centers, Corning CEO Wendell Weeks told CNBC in an exclusive

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Democrats threaten Kristi Noem impeachment if Trump doesn’t fire her

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House Democratic leaders on Tuesday threatened to begin impeachment proceedings against Department of Homeland Security Secretary Kristi Noem if President Donald Trump does not fire her first.  Noem has faced increased pressure in recent days for her comments in the wake of the shooting of Alex Pretti, a U.S. citizen killed by federal agents in

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Homebuyers are backing out of deals at the fastest pace since 2017

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A “sale pending” sign is posted in front of a home for sale on November 30, 2023 in Larkspur, California. Justin Sullivan | Getty Images Serious headwinds in the housing market and the broader economy are tanking home sales at an alarming rate. More than 40,000 signed home purchase agreements were canceled in December, representing

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ICE chief must appear in Minnesota court under contempt threat

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Todd Lyons, acting director of U.S. Immigration and Customs Enforcement, or ICE, participates in a television interview outside the White House, in Washington, Nov. 3, 2025. Brendan Smialowski | AFP | Getty Images A top federal judge in Minnesota ordered the acting head of U.S. Immigration and Customs Enforcement to personally appear at a hearing

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Chicago United Center will sell THC beverages at concessions

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Chicago’s United Center is stepping into new territory for live events, becoming the first major U.S. arena to offer cannabis drinks at its concessions. The arena — home of the NBA’s Chicago Bulls and NHL’s Chicago Blackhawks — announced Tuesday a multi-year partnership with Rythm, a hemp-derived THC beverage company that makes Rythm- and Señorita-branded

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