Beer giant pours $600M into US production in major bet on American growth
Anheuser-Busch announces a $600 million U.S. investment to boost domestic production, expand veteran hiring and launch 15 new training centers.
Red Lobster brings back fan-favorite 'Endless Shrimp' deal in long-awaited return
Red Lobster is bringing back its "Endless Shrimp" deal for a limited time at select locations following major financial losses and a bankruptcy filing.
Meta plans to slash roughly 8,000 jobs next month: report
Meta is reportedly planning to lay off nearly 8,000 employees next month as the tech giant works to offset its rising AI infrastructure costs.
TV shopping empire behind QVC, HSN files for bankruptcy amid mounting losses
The parent company of QVC and HSN filed for Chapter 11 bankruptcy as part of a major restructuring plan to slash billions in debt. The company says it will continue normal operations.
Steak and seafood chain 801 Restaurant Group files for bankruptcy after closing Denver, Minneapolis spots
801 Restaurant Group, which operates steak and seafood restaurants in several states, has filed for Chapter 11 bankruptcy reorganization in Kansas.
Snapchat parent company cuts 1,000 jobs in major AI-driven workforce restructuring
Snapchat parent Snap is laying off about 1,000 employees and closing 300 open roles as activist investor Irenic Capital pushes for cost savings.
Over half of American jobs will need to be 'reshaped' in an AI world, Rich Lesser warns
Boston Consulting Group global chair Rich Lesser discusses a new survey showing A.I. is becoming a major source of stress for CEOs on 'The Claman Countdown.'
Disney lays off 1,000 employees across TV and film under new CEO
Disney CEO Josh D'Amaro announced the layoffs as part of his first major move to "streamline" the corporation as company head since replacing Bob Iger in March.
Google partners on AI training for thousands of American manufacturing workers
Google is investing millions in the Manufacturing Institute to fund new AI training programs designed for manufacturing apprentices and workers.
Time to ditch AI anxiety — experts say there’s a lot less to fear than we think
Workers face rising AI disruption, but experts say learning new skills can ease fears and unlock job growth as businesses invest billions and new roles continue to emerge.
FCC chairman climbs 2,000-foot cell tower to spotlight one of America's toughest trades
Sky-high salaries are drawing attention to tower climbing jobs, and FCC Chairman Brendan Carr highlighted growing demand for infrastructure workers.
Major US city offers cash incentives to spark growth, attract newcomers
A Detroit coalition is offering cash incentives of up to $15,000 to attract new residents and retain current ones as part of an economic growth push.
Fed official says interest rate hike possible as gas prices, inflation remain elevated
Fed's Beth Hammack warns interest rates could rise if inflation stays elevated, citing uncertainty over the Iran war's impact on oil and gas prices.
US workers increasingly trapped in the 'Great Detachment' as hiring slows, report shows
A new report reveals a "Great Detachment" among U.S. workers, with declining job optimism and rising disengagement in the current labor market.
Lowe’s CEO warns AI can’t climb a ladder as company makes $250M bet on blue-collar future
Lowe's CEO Marvin Ellison says AI can't fix your roof, while announcing a $250 million commitment to recruit and train 250,000 skilled tradespeople over the next decade.
Oracle hires new CFO with $950K salary as thousands face layoffs
Oracle reinstates the CFO role by hiring Hilary Maxson from Schneider Electric as the company reportedly lays off thousands amid a massive AI buildout.
Trump overhauls steel tariffs, boosting American manufacturing and national security
Steel Manufacturers Association executive vice president Brandon Farris discusses President Donald Trump's executive order revamping tariffs on steel, aluminum, and copper and 'Varney & Co.'
Meta's Bay Area layoffs affect roughly 200 workers as company pours billions into AI infrastructure
Meta is cutting approximately 200 jobs in the San Francisco Bay Area as the company restructures teams and invests heavily in AI infrastructure.
We’ve gone through many economic transitions historically, economic expert says
Allianz chief economic adviser Mohamed El-Erian and Unleash Prosperity principal Phil Kerpen interpret a strong jobs report despite a war in Iran and A.I. worries on ‘Kudlow.’
Saks Global expects to exit bankruptcy this summer after receiving $500M in financing
Saks Global secured a $500 million financing commitment from capital partners, and the luxury retailer plans to emerge from Chapter 11 bankruptcy this summer.