AP Business Writer (AP) — In long-awaited cuts just months after completing its $8 billion merger with Skydance, Paramount has begun layoffs set to impact about 2,000 employees. Paramount initiated roughly 1,000 of those layoffs company-wide on Wednesday, according to a source familiar with the matter, who spoke on the condition of anonymity because they…… MORE
Starbucks reported better-than-expected revenue in its fiscal fourth quarter as its U.S. sales improved. The Seattle-based company said its net revenue rose 5% to $9.6 billion in the July-September period. That was better than Wall Street was expecting, according to analysts polled by FactSet. Starbucks’ global same-store sales rose 1% compared to the same period…… MORE
Nvidia has become the first $5 trillion company, just three months after the Silicon Valley chipmaker was first to break through the $4 trillion barrier. The ravenous appetite for Nvidia’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023. On Wednesday the shares closed at $207.04 with…… MORE
SAN FRANCISCO (AP) — Google’s corporate parent on Wednesday announced its first-ever quarter with more than $100 billion in revenue. The milestone illustrates the unwavering power of its internet empire amid legal and competitive threats. The news of Alphabet Inc.’s faster earnings growth comes on the heels of a court ruling in the U.S. Justice…… MORE
Meta’s stock slid in after-hours trading Wednesday after the tech giant posted strong third-quarter results but warned that its expenses will be significantly higher in 2026 than this year. Like is rivals, Meta Platforms Inc. has been on an artificial intelligence spending spree and said its costs will grow much faster next year, driven by…… MORE
Boeing on Wednesday reported mixed third-quarter results, with higher aircraft deliveries and a growing order backlog offset by certification delays for its 777X jet. CEO Kelly Ortberg says the first delivery of the widebody jet is now expected in 2027, resulting in a $4.9 billion charge. Boeing delivered 160 planes in the third quarter, the…… MORE
(WBAP/KLIF) — NEW YORK (AP) — U.S. stocks drifted around their records on Wednesday after the Federal Reserve made moves to boost the job market but also warned that more help isn’t guaranteed. The Fed cut interest rates by a quarter-point to between 3.75% to 4%. The S&P 500 slipped 0.2% in late trading. The…… MORE
(WBAP/KLIF) – DALLAS, TX – The Mavericks believe that the NHL franchise hasn’t done enough to help improve the the American Airlines Center, and that the Stars have neglected maintenance and improvement projects at the arena. The NBA franchise is also claiming that the Stars breached a clause in a 1998 franchise agreement by relocating…… MORE
Texas Attorney General Ken Paxton is accusing the companies behind Tylenol of deceptively marketing the pain reliever to pregnant mothers. The lawsuit asserts unproven claims that early exposure to acetaminophen increases risk of autism and other disorders. Paxton announced the lawsuit against Johnson & Johnson and Kenvue on Tuesday. It alleges that the companies violated…… MORE
WASHINGTON (AP) — Defense Secretary Pete Hegseth has announced that the U.S. military carried out strikes in the eastern Pacific Ocean against four boats accused of carrying drugs, killing 14 and leaving one survivor. The strikes were launched Monday and announced on social media Tuesday. It’s the first time multiple strikes have been announced in…… MORE
