Business
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Pinterest to cut up to 15% of its workforce as focus on AI intensifies
Pinterest said Tuesday it's planning to slash up to 15% of its workforce.
The San Francisco-based image-sharing platform used for inspiration for home decor, fashion and other interests is laying off workers as part of a restructuring plan.
It will partly use the savings to fund "AI-focused roles and teams that drive AI adoption and execution,...Read more
Starbucks ignored maggots, safety concerns, ex-VP lawsuit claims
SEATTLE — A former Starbucks vice president is suing the Seattle-based coffee giant over wrongful termination and sex discrimination allegations.
Janice Waszak filed the complaint Monday in King County Superior Court, alleging that her employer illegally canned her after she raised concerns about the safety and functionality of an equipment ...Read more
Expiration of federal health insurance subsidies: What to know in California
Thousands of middle-class Californians who depend on the state-run health insurance marketplace face premiums that are thousands of dollars higher than last year because enhanced federal subsidies that began during the COVID-19 pandemic have expired.
Despite fears that more people would go without coverage with the end of the extra benefits, ...Read more
Florida still leads the way, but global spaceports could soon top 100
With Florida leading the world in launches again in 2025 and with no signs of slowing down, the state is ground zero for challenges for a growing industry as other spaceport players across the U.S. and world start to build momentum.
“We finally cracked triple digits. Got to 109 launches,” said Dale Ketchum, Space Florida’s vice president ...Read more
GM hourly workers to get lower profit-sharing payouts than in 2024
More than 47,000 hourly workers at General Motors Co. will get profit-sharing payments of $10,500 for 2025 as the automaker posted full-year earnings of $2.7 billion despite sliding to a $3.3 billion fourth-quarter loss, according to financial data released Tuesday.
For every $1 billion GM makes in North America, the automaker's hourly U.S. ...Read more
Boeing's certification 'hangover' drags on with new 777X issue
As Boeing celebrated a successful 2025 with increased profits and higher commercial airplane production, company executives were already focused on the challenges ahead.
Speaking Tuesday, Boeing CEO Kelly Ortberg told investors the manufacturer planned to again increase 737 Max production this year, and had begun preparing for a fourth Max ...Read more
Is social media harmful for kids? Meta and YouTube face trial after TikTok settles suit
TikTok agreed to settle the first in a series of closely watched product liability cases Monday, bowing out on the eve of a landmark trial that could upend how social media giants engage their youngest users and leave tech titans on the hook for billions in damages.
The settlement was reached as jury selection was set to begin in Los Angeles ...Read more
Minnesota companies fund $3.5 million in grants to help small businesses during ICE surge
MINNEAPOLIS — Several of Minnesota’s largest companies are funding $3.5 million in grants for small businesses that are financially struggling during the ongoing federal immigration crackdown in the state.
The Minneapolis Foundation announced the grants Tuesday and will start distributing money in the coming weeks. The nonprofit will ...Read more
Amazon is closing its Fresh grocery, Go convenience stores
Amazon.com Inc. is shuttering its Amazon-branded grocery stores and automated grab-and-go markets, eliminating two centerpieces of its push into physical retail.
Amazon Fresh and Amazon Go stores will close, the company said in a blog post on Tuesday, with some locations converted into Whole Foods Market stores.
“While we’ve seen ...Read more
UPS to cut another 30,000 jobs in sweeping cost-savings push
United Parcel Service Inc. expects to cut as many as 30,000 positions this year, part of an ongoing effort by the package-delivery giant to rein in costs and boost profitability.
The reductions to its operational workforce — a group that includes drivers and package handlers — will be achieved largely through attrition and voluntary ...Read more
Boeing's recovery continues with more Max deliveries
Boeing continued to recover in 2025 as it increased 737 Max production, though the manufacturer kept facing delays certifying new commercial aircraft programs.
Boeing reported a $2 billion profit, or $2.48 earnings per share, in 2025, a significant shift from the previous year, when the company was reeling from a midair fuselage blowout at the ...Read more
Job titles are out and skills are in, Wharton expert says. Here's what employers want to see
Job hunters beware: some of the hard-earned skills listed on your resume are going unnoticed by potential employers.
Workers’ profiles on job posting websites often feature general abilities, like leadership, communication, teamwork, and problem-solving, a recent report from the Wharton School says. But they’re not highlighting the “...Read more
How some Philly-area workers make $100,000 without a bachelor's degree
Can you make $100,000 a year in the Philadelphia area without a four-year college degree?
Yes. But it’s not common.
“There is no magic wand to get to a six-figure salary,” said Cynthia Figueroa, who leads workforce development nonprofit JEVS Human Services. “There’s a lot of steps that have to happen along the way.”
Companies ...Read more
Ikea is testing a digital Roblox experience
Ikea is expanding.
But this time it’s not with new physical stores. The home design company is entering the virtual world.
The retailer, which has its U.S. headquarters in Conshohocken, Pennsylvania, announced this week that it is testing an immersive product experience on the Roblox platform.
Sweden and Australia are the first two pilot ...Read more
Trump vows to raise tariffs to 25% on South Korean goods
President Donald Trump threatened to hike tariffs on goods from South Korea to 25%, citing what he said was the failure of the country’s legislature to codify the trade deal the two nations reached last year.
Trump in a social media post on Monday said the new rate would apply to autos, lumber, pharmaceutical products and “all other ...Read more
Amodei, Hoffman join tech workers decrying Minnesota violence
Anthropic Chief Executive Officer Dario Amodei joined a growing chorus of Silicon Valley leaders expressing outrage over the fatal shooting of Alex Pretti, aligning with tech industry workers who’ve urged CEOs to take a stronger stand against the violent immigration crackdown in Minneapolis.
In a post on X Monday, Amodei pointed to a recently...Read more
Alton Steel shuts down, cites 'insurmountable challenges'
ALTON, Illinois — Alton Steel Inc. said Monday it is shutting down effective this week, citing "insurmountable challenges" such as aging infrastructure, intense competition and industry consolidation.
The closure will affect 253 employees, plus contractors and vendors, the company said in a news release.
"This is an incredibly painful ...Read more
Microsoft unveils latest AI chip to reduce reliance on Nvidia
Microsoft Corp. is rolling out its second-generation artificial intelligence chip, the centerpiece of the company’s push to power its services more efficiently and provide an alternative to Nvidia Corp. hardware.
The Maia 200 chip, which is being produced by Taiwan Semiconductor Manufacturing Co., is making its way to Microsoft data centers ...Read more
Lockheed Martin, PG&E, Salesforce and Wells Fargo team up to battle wildfires
Lockheed Martin, PG&E Corporation, Salesforce and Wells Fargo are teaming up to help firefighters and emergency responders prevent, detect and fight wildfires more quickly.
On Monday, the four companies said they're forming a new venture called Emberpoint to advance technology while making wildfire prevention more affordable.
"The ultimate ...Read more
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