Small Businesses and Contractors Also Get Hit by Trump’s Federal Funding Cuts

Reports suggest several thousand private sector jobs have been lost in the last two weeks, as federal funding freezes start having knock-on effects.

Topics

Lyft and Anthropic Are Joining Forces to Bring Artificial Intelligence to Ridesharing

The partnership follows a collaboration between Lyft’s rival Uber and OpenAI.
Inc. - 40m
2 AI Technologies That Could Deliver Massive Savings to Small Businesses by 2030

Ark Investment Management’s 2025 Big Ideas report highlights technologies making waves in logistics and manufacturing.
Inc. - 1h
‘It’s Pure Chaos.’ Government Contractors Chart an Uncertain Path After Trump’s Sweeping Anti-DEI Orders

Government contractors worry that falling afoul of Donald Trump’s executive orders on DEI will cost them funding that could have disastrous results.
Inc. - 2h
Harvard Law’s Innovation Lab Scrambles to Save Government Data

The unit is saving more than 300,000 data sets from Trump’s purges.
Inc. - 4h
What the January Jobs Report Means for Small Businesses

A slight cooling off of the labor market saw job creation falling behind expectations, but the unemployment rate dipped slightly too, Bureau of Labor Statistics data show.
Inc. - 5h

Trump Says He Will Announce Reciprocal Tariffs Next Week

The president said he planned to impose tariffs on countries that tax U.S. products. He also paused an action against China, allowing its low-cost products to again enter the U.S. tariff free.
The New York Times - 13m
Judge pauses Trump plan to put USAID staff on leave

Judge Carl Nichols said he would be entering a "very limited" temporary restraining order directed at the 2,200 at-risk USAID workers.
CNBC - 14m
Beauty stocks post major losses after a week of worrying results

Several beauty stocks tanked this week, as companies such as E.l.f. Beauty and Estee Lauder reported disappointing earnings and cut guidance.
CNBC - 14m
Lyft and Anthropic Are Joining Forces to Bring Artificial Intelligence to Ridesharing

The partnership follows a collaboration between Lyft’s rival Uber and OpenAI.
Inc. - 40m
Anduril in talks to raise money at $28 billion valuation as defense-tech booms

Anduril has signed a term sheet to raise up to $2.5 billion at a valuation of $28 billion, according to sources close to the company.
CNBC - 42m