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Starbucks is laying off 1,100 workers and cutting drinks from its menu
Starbucks said the layoffs and slimmed down menu will help stores operate more efficiently.CBS News - 4d -
Who is Friedrich Merz, the man on course to lead Germany after its election?
Friedrich Merz has vowed to prioritize European unity and the continent's security as it grapples with the new Trump administration and Russia's war on Ukraine.CBS News - 4d -
Anthropic Launches Claude 3.7 Sonnet, Its Most Advanced Model Ever
The new model gives business owners more control over their AI budget.Inc. - 4d -
FDA rehires staff to its medical devices division after mass layoffs
Around 180 FDA medical device workers were laid off earlier this month by DOGE.NBC News - 4d -
Joann closing all of its remaining stores and going out of business
Fabric and crafts retailer Joan is closing all of its remaining stores after failing to find a buyer that would keep them open.CBS News - 4d -
How Elon Musk's DOGE reshaped government in its first 30 days
ABC News reports on the first 30 days of billionaire Elon Musk advising President Donald Trump’s Department of Government Efficiency.ABC News - 4d -
D1 Capital’s bet on European turnarounds aids its own recovery
Daniel Sundheim’s hedge fund was under water but made a windfall from Siemens Energy and Rolls-Royce tradesFinancial Times - 4d -
The London Stock Exchange has been left behind by its parent
While its equities platform suffers an exodus, the LSEG itself is a financial success story — with an identity problemFinancial Times - 4d -
Unilever promotes its ‘maverick’ CFO to top spot in surprise move
Fernando Fernandez, the current CFO, will take over as chief executive of the maker of Dove soap and Hellmann’s mayonnaise from Hein Schumacher, who’s stepping down on March 1 “by mutual agreement.”MarketWatch - 4d -
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Starbucks to lay off 1,100 employees and cut drinks from its menu
Starbucks is planning to layoff 1,100 employees at the corporate level. The coffee chain is also slashing about 30% of its menu. CBS News MoneyWatch correspondent Kelly O'Grady has more on what's ...CBS News - 4d -
Facing Trump’s Hostility, Ukraine Weighs Its Options. But They Are Few.
There is a broad reckoning in Ukraine: Washington can no longer be relied upon as a supporter. But Kyiv still has agency on the battlefield and can seek increased support from Europe.The New York Times - 4d -
Apple boss says its diversity programmes may change
His comments came as shareholders rejected a call for the firm to consider ending its diversity practices.BBC News - 3d -
Financially Frayed Joann Unravels and Will Close its Stores and Go Out of Business
The fabric and crafts retailer filed for Chapter 11 bankruptcy last month, and will now fold up its operations.Inc. - 3d -
Dem absences could help GOP pass its budget
House Democratic absences on Tuesday could help GOP leaders move their massive budget blueprint through the lower chamber. With just a hairline majority, Speaker Mike Johnson (R-La.) has raced for ...The Hill - 3d -
'Absolute chaos': DOGE sows turmoil in its quest for 'efficiency'
Federal workers say Elon Musk's slash-and-burn approach to the federal government is it less efficient and driving away some of the most talented people.NBC News - 3d -
Super Micro submits its overdue filings. What’s next for the server maker?
Super Micro shares are surging in Tuesday’s late trading, though they fell sharply in the regular session.MarketWatch - 3d -
How the EU wants to tweak its merger rules to boost growth
Also in this newsletter: Brussels sets the record straight on women’s rightsFinancial Times - 3d -
Ukraine launches one of its largest drone attacks of the war into Russia
Russia's Defense Ministry claimed to have shot down 130 Ukrainian drones on Tuesday night into Wednesday morning.ABC News - 3d -
Taiwan condemns China for holding "live-fire exercises" off its coast
Taiwan says China violated norms and caused a "high degree of danger" by announcing "live-fire exercises without prior warning" just off its coast.CBS News - 3d -
DeepSeek raises new questions for Nvidia and the tech giants that hoard its chips
DeepSeek shook the market, but companies like Nvidia are still developing AI platforms that foundation models can use to operate.CNBC - 3d -
California May Boost Its Controversial $20 Fast-Food Minimum Wage
Less than a year after it came into effect, the state’s alternatively decried and hailed $20 fast-food pay law may get a 3.5 percent boost—reviving clashes during its rollout.Inc. - 2d -
Nvidia passes its quarterly future-shock stress test
Every quarter is a new nail-biter for the chipmakerFinancial Times - 2d -
Taiwan condemns China for conducting shooting drills off its coast
Taiwan has condemned China’s military exercises after Beijing designated an area to conduct shooting drills off the self-governed island’s southwest coastABC News - 2d -
Warby Parker to sell its eyewear at Target, sending stock up 6%
Warby Parker will offer its eyewear through five shop-in-shops in Target in 2025, with the opportunity to open more in the coming years.MarketWatch - 2d -
Kia Has Revealed Its Electric Camper to Rival VW’s ID.Buzz
As the EV4 sedan and EV2 mini SUV round out Kia's electric offering, the brand confirms its PV5 Light Camper is inbound, and an even larger model is likely on the way.Wired - 2d -
Ad giant WPP says economic uncertainty is building. Its stock is sliding.
WPP, the world’s largest advertising company, saw its shares plunge on Wednesday after it forecast that sales may drop this year.MarketWatch - 2d -
One of the N.F.L.’s Top Prospects Is Also Its Most Resilient
“I can’t give up on the sport I love,” the cornerback Shavon Revel Jr. said.The New York Times - 2d -
Amazon unveils Ocelot, its first quantum computing chip
Amazon Web Services enters emerging race against tech giants days after Microsoft revealed its quantum chip. Amazon Web Services (AWS) on Thursday announced Ocelot, its first-generation quantum ...The Guardian - 1d -
Billy Hart Has One Foot in Jazz’s Past and the Other in Its Future
At 84, the drummer whose discography includes credits on more than 600 albums is releasing another by his long-running quartet.The New York Times - 1d -
Israel’s Military Lays Out Its Oct. 7 Hamas Attack Failures
The highly anticipated public findings, the first from its internal inquiries into the devastating Hamas-led attack, do not apportion individual responsibility, though officials said that may come ...The New York Times - 1d -
Canada Urges Its Travelers to Stay Home as Trade War With U.S. Continues
Last year, Canadians visiting the United States were responsible for $20.5 billion in spending. Some are now changing their travel plans as the neighboring nations battle over trade.The New York Times - 1d -
Pressure mounts on DOGE to provide more transparency into its inner workings
Politicians, lawsuits and a judicial order are pushing on Elon Musk’s Department of Government Efficiency to become more transparent.NBC News - 1d -
The São Paulo connection: a Brazilian gang is spreading its cocaine business into Australia
The PCC – First Capital Command – formed in a Sāo Paulo prison but is now spreading its tentacles around the world. In September 2020, the Australian Border Force intercepted 552kg of cocaine ...The Guardian - 1d -
Industry observers say GPT-4.5 is an “odd” model, question its price
Industry leaders find GPT 4.5 an interesting mix of capable model without pushing the boundaries of LLMs too much.VentureBeat - 1d -
Autodesk says it’s cutting 9% of its workforce, and shares rise
Design-software developer Autodesk Inc. on Thursday said it would cut around 9% of its workforce, or around 1,350 employees, amid a bigger effort to prioritize cloud services and artificial ...MarketWatch - 1d -
America must not surrender its Democratic values | Bernie Sanders
Together, we must fight for our long-held values and work with people around the world who share them. For 250 years, the United States has held itself up as a symbol of democracy – an example of ...The Guardian - 1d
