Business

A collection of 1072 posts

Business

Silver short squeeze deepens: registered stock covers just 14% of futures

Silver futures surged past $117 on January 29, extending a 275% rally over the past year as physical demand overwhelmed available warehouse supplies, and registered inventory now covers just 14% of outstanding futures positions, according to the latest CME warehouse report. The CME report dated January 27 shows total COMEX-approved

Business

Microsoft says OpenAI accounts for 45% of $625B Azure backlog

Microsoft told investors that OpenAI accounts for roughly 45% of its commercial bookings backlog — a metric the company calls remaining performance obligations — which ballooned 110% year over year to $625 billion when Microsoft reported second-quarter results on Wednesday. Shares fell more than 6% in after-hours trading despite an earnings beat,

Business

Xbox hardware revenue falls 32% as Microsoft cites weak late‑2025 release slate

Microsoft reported second-quarter earnings on Wednesday and said Xbox hardware revenue declined 32 percent, with console sales falling again and the company blaming year-over-year declines on a lack of strong releases near the end of 2025. In its earnings presentation Microsoft said, "Xbox content and services revenue declined 5

Business

USS John F. Kennedy sails for builder sea trials as delivery set for March 2027

The US Navy's next Ford-class aircraft carrier, USS John F. Kennedy (CVN-79), launched out of Huntington Ingalls Industries' Newport News shipyard on Wednesday and has begun shipbuilder sea trials, a major milestone before Navy delivery. Huntington Ingalls Industries (HII) is overseeing the trials so its Newport News

Business

Tesla's 2025 revenue falls for first time; profits decline

Tesla published its 2025 financial results this afternoon, and for the first time in the company’s history annual revenues fell year over year. Earlier this month the company reported a 16 percent decline in sales and production for Q4 2025 versus Q4 2024. For the quarter, automotive revenues fell

Business

Fed leaves interest rates unchanged at 3.5%–3.75%

The Federal Reserve held its benchmark interest rate steady on Wednesday, keeping the target range at 3.5 percent to 3.75 percent at the central bank’s first meeting of the year, the Fed said. The Fed’s policy statement said economic activity has been expanding at a "

Business

Fed holds rates steady at 3.5–3.75% at first meeting of the year

The Federal Reserve held rates steady on Wednesday at the central bank’s first meeting of the year, keeping its benchmark interest rate in a range of 3.5 percent to 3.75 percent, the Fed said. The Fed board’s policy statement said, "Economic activity has been expanding

Business

Tesla profit falls as shares near record high on robotaxi and robot hopes

Tesla reported a steep decline in annual profit on Jan. 28, 2026, as the electric carmaker cut prices to counter mounting competition, even as its shares trade near record highs amid investor enthusiasm for the companys self-driving and robot plans. The companys net profit for the year was

Business

Amazon spends $35 million to promote ‘Melania’ documentary, drawing scrutiny

Amazon is spending an estimated $35 million to promote Melania, a documentary about the first lady that the company paid $40 million to license, and is rolling the film out this weekend in about 1,700 U.S. theaters with a premiere simulcast in 25 venues, the Times reports. The

Business

Amazon employee used AI to map teams possibly hit by 16,000 corporate layoffs

Amazon on Wednesday said it plans to lay off 16,000 corporate employees. An Amazon employee used an AI tool to analyze internal conversations and compile a list of potential teams and organizations affected, according to messages viewed by Business Insider. The employee said they used an AI tool called

Business

Revolut launches first licensed bank outside Europe in Mexico

Revolut launched full banking operations in Mexico on Tuesday (27), ending its testing phase and marking the first time the British fintech has opened a licensed bank outside Europe, the company said. The firm entered the market with more than $100 million in capital—about twice the regulatory minimum—and

Business

Tesla faces scrutiny at Q4 earnings as analysts question EV sales and AI timelines

Tesla will report Q4 results after the 4 p.m. closing bell Wednesday, with an analyst call scheduled for about 5:30 p.m. ET, as Wall Street enters the release with mixed views while vehicle sales remain weak and the company’s AI plans continue to take shape. Chinese

Business

Fed expected to hold rates steady; many consumer loan costs likely to stay stable

The Federal Reserve is expected to hold its benchmark interest rate steady on Wednesday, which should keep borrowing costs on many consumer loans stable and make further reductions in savings yields less likely, the Times reports. The Fed’s policy rate, the federal funds rate, stands in a range of

Business

Meta faces scrutiny over AI capex ahead of Q4 earnings

Meta Platforms will report fourth-quarter results after the closing bell and hold an analyst call around 4:30 p.m. ET, and Wall Street is fixated on the company’s outlook for AI infrastructure spending and capital expenditures, according to Business Insider. Rothschild analyst James Cordwell gave Meta a $900

Business

Silver Rises Roughly 60% This Month, Outpacing Gold

On Jan. 28, 2026, the price of silver continued a rapid climb, extending its gain to roughly 60 percent this month and drawing attention from investors and companies that use the metal in manufacturing. Silver has been on a breakneck rally for much of the past year, more than doubling

Business

Amazon FAQ outlines pay, benefits and next steps for 16,000 laid-off employees

Amazon is cutting 16,000 corporate roles, and an internal FAQ viewed by Business Insider lays out what affected employees will receive and how the process will work. This is the company’s second mass layoff since October, when Amazon eliminated 14,000 roles. The FAQ says employees who receive

Business

Amazon cuts 16,000 corporate roles; laid-off employees get 90 days pay and benefits

Amazon began notifying employees on Wednesday morning that it will eliminate 16,000 corporate roles, according to messages from impacted staff shared with Business Insider. Emails from SVP of People Experience & Technology Beth Galetti, sent to employees in the US, UK, and India, said the company made the decision

Business

SK Hynix posts record 2025 profits — 97T KRW revenue, $33B profit, focuses on AI

SK Hynix said 2025 was its best year ever, reporting 97 trillion KRW in revenue (about $67 billion) and $33 billion in profits, with operating margins of 49%, according to the company’s latest financial results. The firm highlighted progress on high-bandwidth memory, saying it had "successfully completed the

Business

Powell to face questions at Wednesday Fed news conference after rate decision

Federal Reserve Chair Jerome Powell will take reporters’ questions on Wednesday after the central bank announces its decision on interest rates. The central bank is widely expected to leave borrowing costs unchanged after policymakers voted to cut interest rates at the past three meetings. Wall Street and Washington are watching

Business

Starbucks says turnaround ‘ahead of schedule’ as U.S. sales rebound

Starbucks reported robust gains in sales for the quarter ending Dec. 28 and said on Jan. 28, 2026 that its turnaround plan was progressing faster than expected, with Chief Executive Brian Niccol saying in the earnings release that the effort was 'working and we believe we’re ahead of

Business

Wayfair’s Convertible Patio Furniture Is Up to 75% Off — 9 Multi-Use Picks

Wayfair is offering convertible outdoor furniture at discounts up to 75 percent off during the offseason, featuring multi-use pieces like garden benches that convert into picnic tables, loveseats that become daybeds and side tables with hidden cooler functions. One standout is the Rosecliff Heights Proctorsville Foldable Adirondack Chair, marked $205

Business

Powell expected to hold rates in Fed’s first 2026 decision amid DOJ probe

Federal Reserve Chair Jerome Powell will announce the Fed's first interest-rate decision of 2026 at 2 p.m. ET, with CME FedWatch predicting a near-total chance the central bank will hold rates steady. Markets were mixed ahead of the decision: as of about 6:30 a.m. ET

Business

Municipal debt issuance tops $500 billion as investors seek tax-exempt yields

Across America, state and local governments sold a record amount of municipal bonds last year, with borrowing surpassing $500 billion and the muni market now worth well over $4 trillion, the New York Times reports. Officials say the sales are financing airports, roads, utilities and other public projects. The article

Business

Federal Reserve expected to hold interest rates steady Wednesday

The Federal Reserve is expected to hold interest rates steady at its first meeting of the year on Wednesday, Jan. 28, 2026. The Fed will release a policy statement alongside its rate decision at 2 p.m. in Washington, and Chair Jerome H. Powell will hold a news conference at

Business

Fed meeting begins as Trump presses Powell amid criminal probe and political pressure

Jan. 28, 2026 — The Federal Reserve began a two-day rate-setting meeting on Wednesday as Chair Jerome H. Powell, who has spent much of the past month under siege from President Trump, prepared to answer questions at his post-meeting news conference; the Fed is expected to leave borrowing costs unchanged. The