Snap Inc. is laying off 1,000 employees and closing open roles as it shifts toward AI and cuts costs in a major company restructuring plan.
Industry
PepsiCo Earnings Beat Expectations as Cheaper Snacks Lure Back Buyers
PepsiCo beats earnings expectations as lower snack prices boost sales and bring customers back amid ongoing inflation concerns.
$1 Pet Toys Recalled Nationwide After 'Serious Injury or Death' Warning
Over 50,000 $1 pet laser toys are recalled nationwide due to a serious risk of injury or death from unsafe button cell batteries.
Spirit Airlines Bankruptcy Exit Threatened by Fuel Surge as Liquidation Risk Grows
Spirit Airlines' bankruptcy exit plan faces growing risk as rising jet fuel prices threaten its restructuring and raise fears of possible liquidation.
Anxiety Medication Xanax Recalled After Failing Quality Standards
The FDA has recalled certain Xanax XR 3mg bottles nationwide after they failed quality standards, urging patients to check lot numbers and stop use if affected.
Latest News
Ticketmaster and Live Nation lose a major antitrust trial after a jury finds they illegally monopolized the U.S. live event ticketing market.
United Airlines CEO Scott Kirby suggests a potential merger with American Airlines, sparking debate over consolidation in the U.S. aviation industry.
Macy's announces 14 new store closures across the U.S., including two in California, as part of its plan to shut 150 underperforming locations by 2026.
7-Eleven plans to close 645 North American stores in 2026 as parent company Seven & i shifts strategy amid inflation and changing consumer habits.
Disney cuts 1,000 jobs in a major restructuring under new CEO Josh D'Amaro, impacting film, TV, ESPN, and corporate divisions.
Mercedes-Benz recalls over 24,000 vehicles from 2018–2020 due to a drive shaft defect that may increase crash risk, NHTSA says.
McDonald's is launching new refreshers, sodas, and energy drinks to compete in the growing beverage market and attract budget-conscious customers.
A lawsuit claims Costco failed to properly notify customers before membership renewals, raising concerns about billing and cancellation practices.
Google is investing $10 million to train 40,000 manufacturing workers in AI, aiming to close skills gaps and boost productivity.
