Year: 2026
UPS to cut additional 30,000 jobs in Amazon unwind, turnaround plan
A worker drives a United Parcel Service (UPS) truck on Oct. 28, 2025 in Los Angeles, California. Mario Tama | Getty Images United Parcel Service on Tuesday announced that it was planning to eliminate an additional 30,000 jobs this year as part of winding down its partnership with Amazon and a multiyear turnaround plan. CFO […]
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Humana, UnitedHealth plunge 20% after Trump administration proposes keeping Medicare Advantage rates flat
Stock Chart IconStock chart icon Humana shares in the past day The proposal entails a net average payment increase of 0.09% for Medicare Advantage plans in 2027, according to a release from the Centers for Medicare & Medicaid Services, or CMS, on Monday. That number is significantly less than Wall Street analysts’ expectations that the […]
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Chicago’s United Center will sell THC beverages at concessions in a U.S. arena first
Chicago’s United Center is stepping into new territory for live events, becoming the first major U.S. arena to offer cannabis drinks at its concessions. The arena — home of the NBA’s Chicago Bulls and NHL’s Chicago Blackhawks — announced Tuesday a multi-year partnership with Rythm, a hemp-derived THC beverage company that makes Rythm- and Señorita-branded […]
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Meta inks deal to pay Corning up to $6 billion for fiber-optic cables in AI data centers
As Meta tries to rapidly construct massive data centers to keep pace with the artificial intelligence craze, it’s turning to a 175-year-old glass manufacturer for help. Meta has committed to paying Corning up to $6 billion through 2030 for fiber-optic cable in its AI data centers, Corning CEO Wendell Weeks told CNBC in an exclusive […]
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Property Play: New AI tool from Fundrise brings high-level CRE analysis to the public
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. Fundrise, a Washington, […]
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Pinterest laying off 15% of workforce in push toward AI roles and teams
Sheldon Cooper | Lightrocket | Getty Images Pinterest said Tuesday it plans to lay off less than 15% of its workforce and cut back on office space as the company embraces artificial intelligence. In a securities filing, Pinterest said it expects the cuts will be complete by the end of its third quarter in late […]
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This is what’s in the India-EU trade deal — and who stands to gain
India’s Prime Minister Narendra Modi (C) poses for a photograph with European Commission President Ursula von der Leyen (R) and European Council President Antonio Costa in New Delhi, India, on January 27, 2026. Sajjad Hussain | Afp | Getty Images India and the European Union have finalized a trade deal that would remove or reduce […]
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Uncle Sam’s rare earth stake, Nike layoffs, five years of meme stocks and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Tuesday. Today we tell you about the five-year anniversary of the meme stock frenzy, which has me thinking it’s finally time to watch “Dumb Money.” S&P 500 futures are little changed. The three major indexes are coming off a winning day. […]
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Stocks making the biggest moves premarket: Humana, Corning, General Motors, Boeing & more
Check out the companies making headlines before the bell: UnitedHealth , Humana , CVS Health — The medical insurance stocks dropped after the Centers for Medicare & Medicaid Services released a proposal to raise 2027 Medicare Advantage payment rates by just 0.09%, far lower than expectations for a 4-6% increase, according to FactSet. Shares of […]
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Blockbuster social media trial kicks off, with more to come this year
Facebook co-founder and Meta CEO Mark Zuckerberg sits in his seat inside a bipartisan Artificial Intelligence Insight Forum for all U.S. senators hosted by Senate Majority Leader Chuck Schumer at the U.S. Capitol in Washington, D.C., on Sept. 13, 2023. Leah Millis | Reuters A landmark case against social media giants Meta, Alphabet’s YouTube and […]
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