Author: Jeffery Carter

Starbucks’ corporate headquarters seen in Seattle. The company announced its Q2 earnings on 27th Apr 2021. Toby Scott | Lightrocket | Getty ImagesStarbucks will lay off 1,100 corporate employees and will not fill several hundred other open positions, the coffee chain’s CEO, Brian Niccol, said Monday.The cuts will not affect workers at the company’s cafes.In a message to corporate employees, Niccol said Starbucks is “simplifying our structure, removing layers and duplication and creating smaller, more nimble teams.””Our intent is to operate more efficiently, increase accountability, reduce complexity and drive better integration,” Niccol wrote. “All with the goal of being more focused…

CEO of Tesla and SpaceX Elon Musk speaks at the Conservative Political Action Conference (CPAC) at the Gaylord National Resort Hotel And Convention Center on Feb. 20, 2025 in Oxon Hill, Maryland.Andrew Harnik | Getty ImagesDOGE chief Elon Musk doubled down Monday night on his threat to fire federal employees who fail to submit a list of five or so of their workplace accomplishments over the past week.”Subject to the discretion of the President, they will be given another chance,” Musk said about those workers in a post on his social media site X.”Failure to respond a second time will…

Barcelona and Atletico Madrid draw 4-4 in the first leg of their Copa del Rey semifinal.Barcelona and Atletico Madrid both rallied from two goals down in a frantic 4-4 draw in the first leg of the Copa del Rey semifinal at Estadi Olimpic Lluis Companys in Catalonia, Spain. Atletico scored twice in the first six minutes before conceding four unanswered goals and coming back to even the match with goals in the final 10 minutes, including the equaliser by substitute Alexander Sorloth three minutes into stoppage time on Tuesday. Barcelona saw Atletico jump to an early lead, with goals by…

Check out the companies making headlines before the bell: Hims & Hers Health — Shares tumbled 22%. While the telehealth provider posted a fourth-quarter earnings and revenue beat , it said it would no longer be able to sell compounded versions of weight loss drugs after the first quarter. This comes after the U.S. Food and Drug Administration declared weight loss drugs such as Wegovy are no longer in shortage, closing a loophole that allowed Hims & Hers to supply the products. Tempus AI — Tempus AI shares slipped 14% after the company’s fourth-quarter revenue fell short of expectations. The…

Nitat Termmee | Moment | Getty ImagesThe Trump administration’s tariff policies may raise auto insurance premiums for motorists, according to a new Insurify analysis, at a time when costs are already soaring.A 25% tariff on imports from Canada and Mexico — which may take effect as soon as March — would increase annual full-coverage car insurance premiums by 8% to $2,502, on average, by the end of 2025, according to Insurify, an insurance comparison shopping website.The analysis estimates that without tariffs on Canada and Mexico the average annual premiums would rise 5% by year-end, to $2,435.Tariffs are expected to make…

Donald Trump says Ukraine ‘should have never started’ warPresident Donald Trump suggested Ukraine “should have never started” the war in Ukraine.WASHINGTON – Talk about a U-turn. When Vladimir Putin’s Russia invaded Ukraine three years ago, Joe Biden rallied the world.  The U.S. and its partners isolated Russia and poured tens of billions of dollars in arms, cash and loans into Volodymyr Zelenskyy’s battered country – even as Putin refused to yield. “America stands up to bullies. We stand up for freedom. This is who we are,” Biden said from the White House. That was then. Now, on the anniversary of the Russian invasion, the…

Welcome back to Week in Review. This week we’re looking at the internal chaos surrounding HP’s $116 million acquisition of AI Pin maker Humane; Mira Murati’s new AI venture coming out of stealth; Duolingo killing its iconic owl mascot with a Cybertruck; and more! Let’s get into it. Humane’s AI pin is dead. The hardware startup announced that most of its assets have been acquired by HP for $116 million, less than half of the $240 million it raised in VC funding. The startup will immediately discontinue sales of its $499 AI Pins, and after February 28, the wearable will…

JPMorgan Chase CEO Jamie Dimon on Monday said the U.S. government is inefficient and in need of work as the Trump administration terminates thousands of federal employees and works to dismantle agencies including the Consumer Financial Protection Bureau.Dimon was asked by CNBC’s Leslie Picker whether he supported efforts by Elon Musk’s advisory body, the Department of Government Efficiency. He declined to give what he called a “binary” response, but made comments that supported the overall effort.”The government is inefficient, not very competent, and needs a lot of work,” Dimon told Picker. “It’s not just waste and fraud, it’s outcomes.”The Trump…

[The stream is slated to start at 2 p.m. ET. Please refresh the page if you do not see a player above at that time.]President Donald Trump and French President Emmanuel Macron are set to hold a joint press conference at the White House on Monday, as western Europe navigates the U.S.’ shifting approach to Russia’s invasion of Ukraine.Macron convened with Trump in the Oval Office earlier in the day to participate in a conference call with other leaders of the Group of Seven nations.Trump said on Truth Social later Monday morning that every leader on that call expressed a…

S&P 500 opens flat TuesdayThe S&P 500 began Tuesday’s trading session near the flatline. Meanwhile, the Dow Jones Industrial Average added 183 points, or 0.4%. The tech-heavy Nasdaq Composite slipped 0.3%. — Hakyung KimDefense stocks rise after UK announces increased defense spending British defense stocks are up on the Stoxx 600 index after U.K. Prime Minister Keir Starmer announced an increase in defense spending.British defense giant BAE Systems was up 4% on Tuesday at 2 p.m. London time. Other European defense firms that supply to the UK also rose following the announcement. Leonardo, the Italian-owned defense supplier, was up nearly…