CNN to lay off hundreds of employees as post-inauguration transformation begins, sources say

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  Amazon Closes Operations in Quebec, Laying off 1,700 Workers

  Unions had gained a foothold in one of the company’s warehouses in the province, though Amazon would not say if there was a connection.
  
  The New York Times - 56m

• Trump says "golden age of America" begins in inaugural speech

  Donald Trump returned to power as the 47th president of the United States on Monday, saying in his second inaugural address that "the golden age of America begins right now." Nancy Cordes has details.
  
  CBS News - 2d

• Nelly set to perform at Trump's inaugural ball, sources say

  Grammy Award-winning rapper Nelly is set to perform at President-elect Donald Trump's Inaugural Liberty Ball on Monday, sources tell CBS News.
  
  CBS News - 5d

• TikTok CEO will attend Trump's inauguration, sources say

  Sources tell CBS News that TikTok's CEO may attend President-elect Donald Trump's inauguration as a U.S. ban looms if the Supreme Court doesn't delay it. TikTok creator Joey Contino joins CBS News ...
  
  CBS News - 6d

• Amazon lays off about 200 employees in its stores unit

  The cuts are focused in Amazon's core retail unit, which spans a wide range of businesses, including fashion and fitness, Prime and private label brands.
  
  CNBC - 6d

• TikTok and Google CEOs to attend Trump inauguration, sources say

  The news comes as a law banning TikTok, which is owned by Chinese firm ByteDance, is set to go into effect on Jan. 19.
  
  CBS News - 6d
• 

  Washington Post Lays Off 4% of Its Work Force

  The layoffs will affect employees across The Post’s business operations, not its newsroom.
  
  The New York Times - Jan. 7
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  Washington Post expected to lay off dozens of staffers in coming week – report

  ‘Cuts will be deep’, media reporter writes, after paper faced scrutiny for halting endorsement of Harris in October. Dozens of employees are expected to be laid off at the Washington Post in the ...
  
  The Guardian - Jan. 6
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  New Republican Congress to begin laying the groundwork for Trump's return

  Congress starts a new session Friday with Republicans taking the majority in the House and Senate, electing a speaker and preparing for a second Trump administration.
  
  NBC News - Jan. 3

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• Musk undercuts Trump on Stargate AI investment announcement

  Open AI CEO Sam Altman, Oracle co-founder Larry Ellison and Softbank CEO Masayoshi Son appeared alongside President Donald Trump to announce the Stargate plan.
  
  CNBC - 6h

• EA shares drop 7% after company lowers guidance due to weakness in soccer, other games

  Electronic Arts slashed its full-year guidance on Wednesday, blaming the shortfall on underperforming games, in particular, its soccer franchise.
  
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• Billionaire Frank McCourt is open to a 50% share of TikTok after Trump comments

  Frank McCourt's Project Liberty and other investors have submitted a bid to buy TikTok from China-based ByteDance after a court-ordered divestiture or shutdown.
  
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• Microsoft's business development chief Chris Young resigns

  Chris Young, who joined Microsoft in 2020, worked on the software company's investments, its OpenAI relationship and the Activision Blizzard acquisition.
  
  CNBC - 15m

• SK Hynix fourth-quarter profit soars to a record high, beating expectations on AI boom

  South Korea’s SK Hynix, one of the world’s largest memory chipmakers supported by strong sales of high bandwidth memory (HBM) used in generative AI.
  
  CNBC - 12m

More in Business

• SK Hynix fourth-quarter profit soars to a record high, beating expectations on AI boom

  South Korea’s SK Hynix, one of the world’s largest memory chipmakers supported by strong sales of high bandwidth memory (HBM) used in generative AI.
  
  CNBC - 12m

• Microsoft's business development chief Chris Young resigns

  Chris Young, who joined Microsoft in 2020, worked on the software company's investments, its OpenAI relationship and the Activision Blizzard acquisition.
  
  CNBC - 15m

• Netflix keeps defying the doubters. One now thinks the stock could soar 56%.

  How long can Netflix’s stock stay hot? With sports and advertising both cooking, one formerly neutral analyst now sees recent business momentum continuing for years.
  
  MarketWatch - 47m

• South Korea fourth-quarter GDP grows at its slowest pace in six quarters, missing expectations

  The country's economy expanded by 1.2% year on year, missing analysts' expectations of 1.4% growth.
  
  CNBC - 47m

• Why AMD could surprise Wall Street with better-than-expected earnings

  AMD is under heavy pressure to defend its stock-market valuation.
  
  MarketWatch - 1h