business News

Meta's job cuts surprised some employees who said they weren't low performers - Business Insider

Meta job cuts shock employees as even those with strong performance records face layoffs.

Stock futures inch lower as investors look ahead to key inflation readings due this week: Live updates - CNBC

The three major averages ended the session in positive territory on Monday, with Big Tech names rising.

What Trump’s Plan to Stop Minting Pennies Means for Consumers - The Wall Street Journal

The need for a penny has long been questioned, but some fear getting rid of it could push up prices

The Magnificent 7 Rules No More. Why It’s Time to Sell Some Stock. - Barron's

S&P 500 Gains and Losses Today: Supermicro Stock Surges Ahead of Business Update - Investopedia

The S&P 500 gained 0.7% on Monday, Feb. 10, as investors weighed the impact of additional tariffs on imported metals and awaited more earnings updates.

Trader Joe's limits egg purchases due to bird flu shortages - Axios

U.S. Steel Activist Wants a New CEO. That’s Not Why the Stock Is Rising. - Barron's

Exclusive | Elon Musk-Led Group Makes $97.4 Billion Bid for Control of OpenAI - The Wall Street Journal

Elon Musk-led consortium offers $100bn to take control of OpenAI - Financial Times

Bid complicates CEO Sam Altman’s plans to turn artificial intelligence group into for-profit company

White House targets CFPB as union sues over work stoppage - The Washington Post

The financial watchdog agency was formed after a 2008 crisis. The Trump administration has told staffers not to take any actions — or even come into the office.

SpringWorks Stock Jumps More Than 30% on News of Possible Deal - Investopedia

SpringWorks Therapeutics stock surged over Monday after a report from Reuters that German medical tech giant Merck KGaA could be close to acquiring the company.

China’s BYD Adding ‘High-Level’ Self-Driving to Its Budget $10K Electric Car - Gizmodo

Isn't Tesla worth a trillion dollars because it's supposed to dominate in autonomy?

OpenAI’s secret weapon against Nvidia dependence takes shape - Ars Technica

Chatbot maker partners with TSMC to manufacture custom AI chip, with plans for future iterations.

Meta Starts Eliminating Jobs in Shift to Find AI Talent - Bloomberg

Meta Platforms Inc. began notifying staff of job cuts on Monday, kick-starting a process that will terminate thousands of people as the company cracks down on “low-performers” and scours for new talent to dominate the AI race.

Trump’s steel, aluminum tariffs aren’t rattling markets. Blame investor fatigue. - MarketWatch

Trump is expected to follow up soon with so-called reciprocal tariffs aimed at matching import duties imposed on the U.S. by other countries

Alabama Man Pleads Guilty to Hijacking SEC X Account to Pump Bitcoin - Decrypt

Eric Council admitted guilt in helping to hack the SEC’s X account and trying to mislead the market about spot Bitcoin ETF approvals.

Intel Loses AI Chief to Nokia. The Chip Stock Is Rising. - Barron's

What you need to know about the T-Mobile Starlink mobile service - Ars Technica

Details on beta registration, prices, compatible phones, and technical limits.

Amazon's early Presidents' Day sale starts now: Score Apple AirPods for a record-low price - Yahoo Life

I also spotted an iRobot Roomba for its best price yet, a Henckels 20-piece knife set for 65% off and more.

Inflation reports will reboot bets on Fed interest rate cuts - TheStreet

Markets will be seeing a busy week of data.