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Amazon layoffs highlight impact of AI, some experts say: ‘Wake-up call’

(NEW YORK) -- Amazon is set to lay off thousands of corporate workers, despite billions in profits and lucrative lines of business spanning from e-commerce to cloud computing. The reason is artificial intelligence, the company said in a memo to employees on Tuesday."Some may ...
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FCC chair says no decision made on whether to lift local TV ownership cap

WASHINGTON (Reuters) -Federal Communications Commission chair Brendan Carr said Tuesday the commission has made no decision on whether to lift the current cap on television station ownership, which is necessary for Nexstar Media to merge with smaller rival Tegna. Acquiring Tegna would expand Nexstar’s presence covering ...
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Chilean police raid Codelco mining offices in probe into fatal accident

By Fabian Cambero SANTIAGO (Reuters) -Chilean police raided the offices of state-owned miner Codelco to gather information as they investigated the July collapse at its flagship El Teniente mine which killed six workers, the company said Tuesday. The mine has resumed operations in unaffected areas after ...
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Analysis-Activist investors to juice bank M&A after HoldCo’s Comerica campaign

By David French and Svea Herbst-Bayliss NEW YORK (Reuters) -This month’s $10.9 billion sale of Texas-headquartered Comerica to Fifth Third Bancorp, spurred by a small South Florida-based hedge fund, has Wall Street primed for corporate activists to further juice a buoyant deals market. The highly regulated ...
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Flight delays become more common as air traffic controllers go without pay during shutdown

Air traffic controllers will miss their paychecks Tuesday because of the ongoing government shutdown, raising concerns that mounting financial stress could take a toll on the already understaffed employees who guide thousands of flights each day. Flight delays are becoming more common across the country ...
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Hitachi partners with US to modernize grid 

By Stephanie Kelly LONDON (Reuters) -Hitachi Ltd [6501.T] signed a deal  with the U.S. Department of Commerce on Tuesday to promote investment in grid modernization, as the U.S. faces record electricity demand from Big Tech’s build-out of artificial intelligence data centers.   U.S. President Donald Trump visited ...
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JPMorgan shuffles executives to lead its $1.5 trillion initiative

By Nupur Anand NEW YORK (Reuters) -JPMorgan Chase has named long-time executive Jay Horine to oversee its $1.5 trillion investment fund focused on companies critical to U.S. national security, according to a memo seen by Reuters. Earlier this month the bank announced plans to hire bankers ...
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Apple races past $4 trillion market value as new iPhone models revitalize sales

By Johann M Cherian (Reuters) -Apple topped $4 trillion in market value for the first time on Tuesday, the third Big Tech company to hit the milestone, as robust demand for its latest iPhone models allayed fears over its slow progress in the AI race. The ...
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Dutch election campaign in final stretch as Geert Wilders seeks second victory

THE HAGUE, Netherlands (AP) — The Dutch election campaign was on the home stretch Tuesday, a day before the country goes to the polls in a knife-edge vote with anti-Islam lawmaker Geert Wilders seeking a second straight victory for his far-right Party for Freedom. The ...
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UnitedHealth tops 3Q forecasts as it resets coverage prices to deal with rising costs

UnitedHealth has returned to better-than-expected growth after starting the year swamped by medical costs and then withdrawing its forecast for 2025. Leaders of the health care giant said Tuesday that care use is now climbing at rates they expected, and the company envisions annual growth ...
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Private lending to big companies showing signs of froth, executives say

By Tommy Reggiori Wilkes (Reuters) -Fears of a risky bubble emerging in the private credit market are overblown, but there are signs of lending standards weakening in the market for lending to large companies, executives from the industry said on Tuesday. “The risk is when you ...
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PayPal flags smaller basket sizes, cautious shoppers amid macro uncertainty

By Manya Saini (Reuters) -PayPal saw a slowdown in payments activity in September that continued into October across both the U.S. and Europe, as consumers became more selective in their purchases, CFO Jamie Miller told analysts on a call. Shares of the company, which had initially ...
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