A spate of tech companies and billionaires have placed bids for TikTok—including Amazon and AppLovin separately this week—ahead of Saturday’s deadline for China-based ByteDance to sell to a U.S. buyer. Now, ABC News is reporting that the Trump Administration is considering a leasing deal instead — and the president will sign an executive order Friday to extend the ban deadline.
Morgan Stanley is preparing to reduce its 80,000-person workforce by 2,000 employees later this month, marking the bank’s first significant round of layoffs since CEO Ted Pick took over in January 2024. The workforce reduction will affect divisions across Morgan Stanley, except for its 15,000 financial advisers, per Bloomberg. The cuts are meant to keep costs down as executives face
In a press release on Tuesday, Southwest Airlines revealed that it has ended its popular “two bags fly free” policy for non-rewards members passengers. Rapid Rewards A-List Preferred and customers traveling on Business Select fares will still get two free checked bags, while A-List members will get one free checked bag. Rapid Rewards credit card members will have one bag
Amazon announced on Wednesday that it was laying off dozens of workers in its communications and sustainability departments, and earlier this month, the company let go of 200 employees from its North America stores team. It’s only the beginning. In September, Amazon CEO Andy Jassy announced that the company would be eliminating excess layers of middle management by the end
It’s really hard to find a job right now, and the prevalence of “ghost jobs” is not helping. According to an internal review of data by hiring platform Greenhouse, 18% to 22% of job posts are ghost listings, or roles that companies aren’t actually trying to fill. Greenhouse has more than 7,500 clients, including Major League Baseball and HubSpot, and
A new report by the online career resources platform Resume Genius found that now is a great time to hold an associate’s degree (or begin the path to get one). The median salary for an associate degree holder ($62,180) is higher than the U.S. median salary ($48,060) and career opportunities for associate degree holders, or those with a two-year degree,
Despite trying to be prepared and holiday shopping early, the question of what’s open and what’s closed during Christmas inevitably always comes up. From needing last-minute gifts to home-cooked meals gone awry, it’s important to know where you can turn in times of a kitchen mishap or broken present. This year, the holidays fall midweek, and many businesses appear to
Have a question for ChatGPT but lack a Wi-Fi connection? OpenAI has introduced a new way to connect with its popular AI chatbot for U.S. users: Call 1-800-CHATGPT or 1-800-242-8478. OpenAI announced the feature on Wednesday and demonstrated how it works through a YouTube livestream. OpenAI researchers called the number with everything from an iPhone to a flip phone to
Amazon is putting its own spin on car sales — without a trip to the dealer or even a test drive. The retail giant announced on Tuesday that shoppers could buy their next car through Amazon if they lived in one of 48 major U.S. cities, including Los Angeles, Miami, New York, and Portland through “Amazon Autos” on Amazon.com. Amazon
John Cronin, a 28-year-old entrepreneur with Down Syndrome, started John’s Crazy Socks in 2016. The Farmingdale, New York-based company now sells more than 4,000 different types of socks and has hit a major milestone: over two million orders fulfilled, per a report published Wednesday by the New York Post. The socks on offer range from holiday-focused to Harry Potter-branded. There
A new study shows that the highest-paid tech job differs widely from state to state. AI education platform DataCamp drew from 2023 salary data published by the U.S. Bureau of Labor Statistics to find the tech jobs with the best average compensation by state. Though New Jersey’s top role was database architect, with an average annual salary of $158,930, the
Last week, AI startup Physical Intelligence unveiled its first general robot model, π₀ (pi-zero), which can do everything from clearing the table after dinner to folding the laundry. Earlier this year, the company was valued at $400 million. Now, a Monday report shows that the startup has reached unicorn status, surpassing a $1 billion valuation after raising $400 million, at
Daniel Lubetzky, the founder of Kind Snacks with a personal net worth of $2.3 billion, admits that his morning routine used to be exhausting. “I used to have horrible habits,” he said in an interview with Entrepreneur. Lubetzky founded Kind Snacks in 2004 and sold it for $5 billion in 2020; he is now the founder and chairman of Camino
OpenAI recently secured $6.6 billion in funding at a valuation of $157 billion, but it’s far from the only AI company with high fundraising potential. Investors poured $2.9 billion from July to September (Q3) of 2024 into the latest U.S.-based AI startups, per PitchBook data. The three startups in the U.S. that received some of the most funding were software
Netflix posted its third-quarter earnings on Thursday and beat Wall Street predictions for both subscribers added and overall revenue. Meanwhile, analysts forecast that the streaming giant will soon raise its prices. Netflix’s revenue for the third quarter was $9.825 billion, slightly more than the $9.769 billion analysts had predicted. The company also added 5.1 million subscribers, well over the 4
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