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Jack Dorsey cuts nearly half of Block workforce amid major AI overhaul18:00 Block announces massive layoffs affecting over 4,000 jobs as the payments company pivots to AI-driven operations under CEO Jack Dorsey s leadership. OpenAI's $110B funding round draws investment from Amazon, Nvidia, SoftBank17:24 OpenAI raised $110 billion in a record funding round, with investments from SoftBank, Nvidia and Amazon ahead of an expected initial public offering. FCC chair warns 'The View' faces 'uphill climb' in equal-time probe17:24 Disney s "The View" faces federal investigation over political guests. FCC chairman says entertainment shows must follow Equal Time rules for candidates. Netflix follows Warren Buffett's playbook: Don't overpay, walk away14:28 Netflix quickly exits Warner Bros. Discovery bidding war, declining to match Paramount Skydance s offer after just over an hour of consideration. eBay cuts 800 jobs across company operations just days after dropping $1.2B on trendy Gen Z fashion app13:53 While eBay might be trying to tailor itself to new customer demographics, the company announced it would be cutting 6%, or 800 roles, across its global workforce. Federal judge allows Trump’s $400M White House ballroom to move forward12:10 Federal judge denies injunction against Trump s $400 million White House ballroom project, allowing construction to proceed on the controversial expansion. FedEx says it will return any tariff refunds to customers, shippers who paid them1:02 FedEx said it will return any tariff refunds it receives to the shippers and customers who paid them after Trump s IEEPA tariffs were struck down as illegal. Netflix backs out of Warner Bros. bidding war after Paramount made 'superior' offer0:27 Warner Bros. Discovery announced its board of directors determined Paramount s latest bid to buy the entire company is "superior" to Netflix s offer for the movie studio and HBO. Florida man arrested over alleged $328M crypto Ponzi scheme23:52 Accused crypto fraudster used investor funds for parties and luxury travel, prosecutors say, as federal charges filed in alleged $328 million Ponzi scheme targeting investors. Ford recalls over 4.3 million vehicles over software issue22:07 Ford recalls 4.3 million vehicles over a software problem that could cause trailer brake failure and a loss of exterior lights when towing. Americans hit with soaring electricity bills as price hikes outpace inflation nationwide21:33 Electricity prices surged 6.3% nationwide as AI data centers and winter weather strained the grid, outpacing inflation and hitting household budgets hard. FTC chair touts ‘huge win for American workers’ after Walmart agrees to $100M settlement over driver pay20:22 Walmart agrees to $100 million FTC settlement over allegations it deceived delivery drivers about pay and tips, allegedly affecting millions of workers nationwide. Cheese sold at Walmart recalled in 24 states over potential health risk20:22 Great Value cottage cheese recalled at Walmart stores across 24 states due to pasteurization concerns. No illnesses have been reported yet from this recall. Mortgage rates fall below 6% for first time since 202226.února The average rate on a 30-year fixed mortgage fell this week to 5.98%, according to the latest Freddie Mac data released Thursday. That is down from last week s reading of 6.01%. Iran regime 'about to collapse,' Prince Reza Pahlavi says as economic crisis deepens26.února Former crown prince Pahlavi says Iran s ruling regime is "on its last leg" and calls for maximum pressure to trigger democratic transition in the country. |