Business

Tech giant Meta, the parent company of Facebook, Instagram, and WhatsApp, is set to lay off approximately 4,000 employees—around 5% of its workforce.

Amazon has agreed to pay $3.95 million to settle a lawsuit brought by D.C. Attorney General Brian L. Schwalb, accusing the company of misleading customers and diverting tips from its Flex drivers between 2016 and 2019.

Meta Platforms notified employees on Friday about upcoming job reductions, set to be announced on Monday. The company is reportedly making thousands of layoffs.

Ippei Mizuhara, former interpreter for Shohei Ohtani, received a 57-month prison sentence after pleading guilty to stealing nearly $17 million from Ohtani’s bank account to cover gambling losses and buy rare baseball cards. He was also ordered to pay over $18 million in restitution.

Senator Ted Cruz (R-TX) is demanding answers from Microsoft regarding its partnership with NewsGuard, a media rating firm accused of suppressing conservative viewpoints.

The CEO of Nucor Corporation, the largest steel producer in the U.S., announced his support for President Donald Trump's tariffs.

Bally's Corporation, selected in 2022 to develop Chicago's first casino, is facing a lawsuit alleging racial discrimination in its investment criteria.

Trump Media and Technology Group announced its plan to expand into financial services.

Attorneys general from 19 states have urged Costco to discontinue its diversity, equity, and inclusion (DEI) initiatives, citing concerns over potential unlawful discrimination.

Target announced that it is scaling back its diversity, equity, and inclusion (DEI) policies.