Month: January 2026
Southwest ends open seating after 54 years. Here’s what the last flight was like
OVER THE PACIFIC OCEAN — The 112 passengers on this Southwest Airlines red-eye flight from Honolulu to Los Angeles were the last in the airline’s more than 54-year history to scramble for a seat on board. Before dawn on Tuesday, Southwest ended its quirky (or anxiety-inducing, depending on the traveler) open-seating policy in favor of […]
Read More
Amazon laying off about 16,000 corporate workers in latest anti-bureaucracy push
A pedestrian walks past Amazon Ireland corporate offices in Dublin, as Amazon.com, Inc., said on Tuesday it plans to cut its global corporate workforce by as many as 14,000 roles and seize the opportunity provided by artificial intelligence (AI), in Dublin, Ireland, Oct. 28, 2025. Damien Eagers | Reuters Amazon said Wednesday it plans to […]
Read More
Chip stocks rally after bumper earnings and a report of a game-changing China approval for Nvidia
Jensen Huang, chief executive officer of Nvidia Corp., speaks during the 2026 CES event in Las Vegas, Nevada, US, on Tuesday, Jan. 6, 2026. Siemens and Nvidia announced an expansion of their strategic partnership to develop industrial and physical AI solutions to bring AI-driven innovation to industrial workflow. Photographer: Bridget Bennett/Bloomberg via Getty Images Bloomberg […]
Read More
U.S.-India trade talks could get a boost as America sees life going on without it
FILE PHOTO: U.S. President Donald Trump meets with Indian Prime Minister Narendra Modi at the White House in Washington, D.C., U.S., February 13, 2025. Kevin Lamarque | Reuters A renewed push to conclude a U.S.-India trade deal may get underway, analysts say, as the White House sees other countries and power blocs working harder than […]
Read More
Autonomous trucking startup Waabi raises $750 million to expand into robotaxis
Waabi founder and CEO Raquel Urtasun Courtesy of Waabi Autonomous trucking startup Waabi said Wednesday that it has raised $750 million in funding as it enters into a partnership to deploy driverless systems in light duty vehicles for Uber robotaxi services. Waabi’s series C round is led by Khosla Ventures and G2 Venture Partners, the […]
Read More
South Korea’s SK Hynix to establish a special ‘AI Company’ in the U.S.
Illustration of the SK Hynix logo displayed on a phone screen. Jakub Porzycki | Nurphoto | Getty Images South Korean memory giant SK Hynix announced Wednesday that it will set up a new U.S.-based company focused on artificial intelligence solutions, committing at least $10 billion as it seizes on new AI growth engines. The new […]
Read More
S&P 500 futures climb ahead of Fed decision, major tech earnings: Live updates
Traders work at the New York Stock Exchange on Jan. 27, 2026. NYSE S&P 500 futures rose Wednesday morning ahead of the Federal Reserve’s interest rate decision and earnings reports from major tech companies. Futures linked to the broad market index were up 0.25%, while Nasdaq 100 futures advanced about 0.77%. Dow Jones Industrial Average […]
Read More
SK Hynix doubles 2025 profit as AI memory shortages drive earnings beat
Signage at the SK Hynix Inc. booth at the China International Import Expo (CIIE) in Shanghai, China, on Thursday, Nov. 6, 2025. The expo runs through Nov. 10. Photographer: Qilai Shen/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images South Korea’s SK Hynix on Wednesday posted record quarterly revenue and profit, boosted by surging […]
Read More
LVMH shares plummet 7% as fourth-quarter results lag competitors
Bernard Arnault, Chairman and CEO of LVMH Moet Hennessy Louis Vuitton, speaks during a press conference to present the 2023 annual results of LVMH in Paris, France, January 25, 2024. Benoit Tessier | Reuters LVMH shares plummeted over 7% in morning trading Wednesday after the French luxury conglomerate reported a slight fourth-quarter sales beat late […]
Read More
CNBC’s The China Connection newsletter: China-made humanoid robots set sights on Middle East and U.S. markets
This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. You can subscribe here. The big story Chinese humanoid robots are on the verge of coming to the U.S. — before Elon Musk is ready to sell his Optimus machines. During my […]
Read More