Meta announces 5% cuts in preparation for ‘intense year’ — read the internal memo
Meta will cut about 5% of its staff, focusing on its lowest-performing workers, CNBC confirmed. ...
Economy
Moderna stock plunges 20% after company lowers 2025 sales forecast by $1 billion
Moderna now expects 2025 revenue to come in between $1.5 billion and $2.5 billion, most of which will come in…
Biden’s total student debt relief passes $183 billion, after he forgives another 150,000 borrowers
In his final days in office, President Joe Biden announced that his administration would forgive student debt for more than…
Instagram head Mosseri says app will prioritize original content, with potential TikTok ban days away
Adam Mosseri, the head of Meta's Instagram, said the app will focus on prioritizing original and creative content in its…
Retailers post early holiday results — and Wall Street isn’t impressed
Lululemon, Abercrombie & Fitch and American Eagle all hiked their holiday guidance, but Abercrombie's growth is slowing. ...
There’s a popular tech stock washout Monday as Palantir, Nvidia and Rigetti Computing drop
Popular technology stocks tumbled Monday as bond yields rose, dragging down tech-heavy Nasdaq-100 futures. ...
Airlines cancel more than 3,000 U.S. flights amid storm, Delta slide evacuation at Atlanta
Flight disruptions stretched from Dallas to Atlanta. ...
This ETF provider launches a new way to play Tesla
GraniteShares, which debuted its first installment of single-stock ETFs in 2022, now manages 20 of them. ...
Trump’s plan for mass deportation could have a big effect on prices
Some experts say there is really nothing the government can do about high food prices. ...