Browsing: Business

MENA Newswire, SAN FRANCISCO: Shares of several video game and game technology companies fell sharply on Friday after Google opened access to an artificial intelligence model that can generate interactive, game like worlds from a text or image prompt, a launch that

MENA Newswire, SEATTLE: Starbucks said first quarter fiscal 2026 revenue rose 6% to $9.9 billion as global comparable store sales increased 4%, led by higher transactions, and the company posted U.S. comparable transaction growth for the first time in eight quarters. For

MENA Newswire, SEATTLE: Amazon is cutting about 16,000 corporate roles worldwide, marking its largest round of layoffs since 2023 and extending a broader reduction in office based headcount that began late last year. The company said the cuts affect corporate positions across Amazon

MENA Newswire, NEW YORK: The U.S. dollar weakened broadly in late January trading as the Japanese yen climbed sharply, with investors focused on signs that officials in Tokyo and Washington were monitoring rapid currency moves. The yen’s surge helped pull the dollar lower against

MENA Newswire, NEW YORK: Elon Musk’s estimated net worth reached about $788 billion on Jan. 22, 2026, a record level on a widely followed real time wealth ranking after a rally in Tesla shares increased the value of his largest public stake. The estimate

WASHINGTON: U.S. Treasurys are confronting fresh political risk after President Donald Trump’s administration revived pressure on Denmark over Greenland and coupled it with threats of trade retaliation, prompting parts of Europe’s investment community to reassess exposure to U.S. government debt. The reassessment

NEW YORK: New Federal Reserve data show the wealth gap in the United States widened to its largest level in more than three decades as rising stock and home values lifted the richest households far more than everyone else. In the third quarter

MENA Newswire, CALIFORNIA: Meta Platforms has cut about 1,500 jobs in its Reality Labs division, reducing headcount in the unit that develops the company’s virtual reality and augmented reality hardware, software and related content. The layoffs amount to roughly 10% of Reality Labs,

Davos: JPMorgan Chase Chief Executive Jamie Dimon warned that a proposed cap on U.S. credit card interest rates would trigger an “economic disaster,” sharply criticizing President Donald Trump’s call for Congress to impose a 10% ceiling for one year as part of

STRASBOURG: The European Parliament has suspended its work to approve a pending European Union trade agreement with the United States, after U.S. President Donald Trump threatened new tariffs against European allies amid a dispute linked to Greenland. The decision halts planned committee steps