FOX Business Briefs 10/28
Amazon and UPS announce layoffs; Royal Caribbean sees cruise demand accelerate; revenue up at The North Face and Timberland; OpenAI and PayPal team up.
PayPal partners with OpenAI to allow customers to check out in ChatGPT
PayPal becomes first payment platform integrated into ChatGPT, enabling instant checkout for millions of users through new AI-powered commerce partnership.
Microsoft, Meta, Apple earnings: The magic number is $50 billion
Constellation Research founder R 'Ray' Wang analyzes Microsoft, Meta and Apple on 'Varney & Co.'
Amazon to cut around 14K corporate jobs
Amazon will eliminate 14,000 corporate positions through internal restructuring, joining over 200 tech companies that cut 98,000 jobs this year.
DoorDash unveils crisis plan as millions face possible loss of SNAP benefits
As the SNAP funding cliff nears, DoorDash announces 1 million free meals, fee waivers and even donations to food banks to support struggling families.
Amazon’s unveils new technology to improve delivery speeds
Amazon's chief technologist for robotics, Tye Brady, and Amazon's vice president of transportation, Beryl Tomay, discuss the new technology the e-commerce giant is using.
Microsoft CEO Satya Nadella's annual pay climbs to $96.5M
Microsoft CEO Satya Nadella and other top executives saw dramatic pay increases in fiscal year 2025, with Nadella's compensation reaching about $96.5 million.
Trading CEO says next week will be 'tell all' for earnings season
Prosper Trading Academy CEO Scott Bauer breaks down what investors should take away from various markets on 'The Claman Countdown.'
Apple building American-made AI servers ahead of schedule in new Houston facility, answering Trump call
EXCLUSIVE: Apple is now building and shipping American-made artificial intelligence servers in the United States — a move that has the technology giant answering President Donald Trump’s call to on shore manufacturing.
Roblox CEO responds to scrutiny over child safety: Establishing the 'gold standard' for safety
Roblox co-founder and CEO Dave Baszucki joins 'Fox & Friends' to discuss the benefits of his company and security measures in place as four states take legal action over child safety concerns.
Coca-Cola officially rolls out cane sugar soda across US markets following Trump's urging: report
Coca-Cola reportedly launches new 12-ounce glass bottles featuring its signature soda made with U.S. cane sugar in select markets this fall after Trump's urging.
Molson Coors to cut hundreds of jobs in restructuring plan
Molson Coors will eliminate 400 positions representing 9% of its Americas salaried workforce as part of a transformation strategy to accelerate growth.
Amazon prepares to ramp up automation hiring ambitions
FOX Business' Max Gorden speaks with Amazon's chief technologist for robotics Tye Brady about the company's aspirations to expand AI-powered jobs.
Well-known internet sites hit by Amazon Web Services outage
AWS outage causes connectivity issues for multiple companies early Monday, affecting Fortnite, Snapchat, Robinhood and Coinbase before services recover.
Nvidia CEO credits Trump’s tariffs as catalyst for US AI chip manufacturing
Nvidia CEO Jensen Huang joins ‘The Sunday Briefing’ to discuss the new U.S.-made Blackwell AI chip wafer, how Trump-era tariffs helped drive domestic production and efforts to expand manufacturing in America.
Meta to allow teens' parents to disable private chats with AI after backlash over flirty chatbots
Meta announced on Friday parents would be allowed to disable their teenagers' private chats with AI characters, the latest safety measure for its social media platforms.
Investment banker predicts uptick for Amazon stock ahead of AI and satellite developments
Investment banker Mark Mahaney predicts continued growth for Amazon, Expedia, and Netflix as consumer demand stays strong and rivals struggle to keep pace.
Microsoft is worth buying during any pullback: D.R. Barton
Woodshaw Financial Group principal D.R. Barton analyzes Microsoft and reveals his top A.I. stock pick on 'Varney & Co.'
REI to close three Northeast stores in 2026 as it adapts to shifting markets and customer needs: report
REI will shutter stores in Paramus, Boston, and New York City's SoHo in 2026 as the outdoor retailer adapts to evolving markets and customer needs.
Meta under scrutiny over child safety as Instagram rolls out ‘PG-13’ rules for teens
Meta spokesperson Tara Hopkins unveils PG-13 content filters for Instagram teen accounts to block age-inappropriate posts and risky behavior amid safety concerns.