Disneyland Resort has laid off about 100 people in Anaheim, as Walt Disney Co. becomes the latest media and entertainment company to cut jobs.
The layoffs occurred Tuesday and came from multiple teams, Disney confirmed.
“With our business in a…
Blog
-
“Natural Experiment” Reveals Lifelong Cardiac Benefits of Early Sugar Limits – SciTechDaily
- “Natural Experiment” Reveals Lifelong Cardiac Benefits of Early Sugar Limits SciTechDaily
- What Britain’s post-war sugar rationing teaches us about long-term heart health News-Medical
- Reducing Sugar Intake in Childhood May Reduce…
Continue Reading
-
Tech giants are spending big on AI in a bid to dominate the boom
The titans of the technology sector are ramping up their spending on artificial intelligence, as they rush to reap the benefits of an AI boom that has pushed stocks to record highs.
Earnings reports from Meta, Alphabet and Microsoft on Wednesday reaffirmed the colossal amounts of money these firms are shelling out for everything from data centres to chips, even as questions swirl about returns on the investments.
Meta said its capital expenditures for 2025 will be between $70bn (£53bn) to $72bn, up from an earlier estimate of $66bn to $72bn.
Its spending growth in 2026 is poised to be “notably larger” than this year, the company said. Meta is seeking to compete with companies like OpenAI.
On a call with analysts, Meta boss Mark Zuckerberg defended the firm’s investments, saying he saw big opportunities ahead driven by AI, both in terms of new products and for honing its current business selling ads and feeding people content.
“The right thing to do is accelerate this,” he said, adding later: “We are sort of perennially operating the family of apps and ads business in a compute-starved state at this point.”
Google and YouTube owner Alphabet similarly raised its forecast for this year to $91bn to $93bn, up from an earlier outlook of $85bn in the summer, in the latest sign of its increasingly lofty spending goals,
That estimate is nearly double the capital expenditures that the company reported for 2024.
Microsoft’s capital expenditures in the quarter through to 30 September, including on data centres, totalled $34.9bn, the company reported on Wednesday – a larger spending figure than analysts had expected, and up from $24 billion in the previous quarter.
“We continue to increase our investments in AI across both capital and talent to meet the massive opportunity ahead,” Satya Nadella, Microsoft’s chief executive, said.
Azure, the firm’s cloud computing unit, and Microsoft’s other AI products have a “real-world impact”, Mr Nadella said.
Exuberance among investors about massive AI spending has helped all three tech firms outperform the broader S&P 500 index.
But Wall Street is also focused on whether these firms’ investments are starting to yield tangible returns.
The two things holding up the US economy in the last several months have been consumers and AI-related business investments, said Aditya Bhave, senior US economist at Bank of America.
“To the extent that the latter remains strong, it’s a bullish signal for GDP growth,” he said.
Continue Reading
-
‘Unprecedented’ view of the sun reveals elusive coronal waves after 85-year search
A hot mystery on the sun may be close to being solved.
For decades, scientists have been trying to understand why the sun‘s outer atmosphere is so much hotter than its surface, despite being farther from the core. Whereas the surface, or…
Continue Reading
-
Secondary Infections and Long COVID in Kids: What Pediatricians Need to Know | The Transmission
Medscape When Lucas Denault was first infected with COVID in January 2021 at the age of 15, his symptoms were relatively mild. A high school athlete at the time, the Pennsylvania resident experienced a brief bout of cold-like symptoms,…
Continue Reading
-
Newcastle 2-0 Spurs (Oct 29, 2025) Game Analysis
Nick Woltemade’s sixth goal of the season sealed holders Newcastle United’s passage to a fourth-successive Carabao Cup quarterfinal as Tottenham Hotspur became their latest victims.
Woltemade’s second-half header wrapped up a 2-0 win set in…
Continue Reading
-
US and South Korea reach trade deal
This article is an on-site version of our FirstFT newsletter. Subscribers can sign up to our Asia, Europe/Africa or Americas edition to get the newsletter delivered every weekday morning. Explore all of our newsletters here
Good morning and…
Continue Reading
-
Weight loss drugs to credit for drop in obesity rate?
(TNND) — Gallup reported a “meaningful decrease” in the adult obesity rate, which coincided with an increased uptake of injectable weight loss drugs.
The Gallup report, which relied on self-reported data, showed the obesity rate fell to 37% this…
Continue Reading
-
Arsenal 2-0 Brighton (Oct 29, 2025) Game Analysis
Ethan Nwaneri and Bukayo Saka both struck in the second half to secure Arsenal’s eighth-consecutive victory with a 2-0 Carabao Cup fourth-round win over Brighton at the Emirates.
On a night Max Dowman stole the pre-match headlines as the…
Continue Reading
-
Randy Parker Named a Visionary Leader by Reuters 2025 Automotive D.R.I.V.E Honours
FOUNTAIN VALLEY, Calif., Oct. 29, 2025 – Randy Parker, president and CEO of Hyundai Motor North America, has been recognized as a Visionary Leader by Reuters in its 2025 Automotive D.R.I.V.E. Honours. With fifteen winners selected across five categories, the Automotive D.R.I.V.E. Honours celebrate innovation, commitment, impact and leadership within the automotive industry. The Visionary Leader award spotlights three executives for their excellence in a specific project, leadership or results. It celebrates individuals pioneering new ideas and challenging the status quo within the automotive industry.
“It’s an honor to be recognized by Reuters in a year of both challenges and great success,” said Parker. “This achievement reflects the dedication of our Hyundai team and the commitment of our dealers and retail partners, whose passion for serving our customers and communities made this recognition possible.”
Under Parker’s leadership, Hyundai and Genesis have achieved record-breaking growth and impact. Parker has led Hyundai to become the second-largest EV seller in the U.S. and guided major investments like the grand opening of Hyundai Motor Group Metaplant America in Savannah, Georgia. Additional initiatives, such as Hyundai Home and the IONNA charging network, have further demonstrated Hyundai and Parker’s commitment to clean mobility.
“It’s no surprise that Randy Parker has been recognized as a Visionary Leader by the Reuters D.R.I.V.E. Honours,” said José Muñoz, president and CEO, Hyundai Motor Company. “It’s a much deserved acknowledgment of his commitment to excellence and years of driving results for our company and our network of dealers, employees and customers.”
Hyundai Motor America
Hyundai Motor America offers U.S. consumers a technology-rich lineup of cars, SUVs, and electrified vehicles, while supporting Hyundai Motor Company’s Progress for Humanity vision. Hyundai has significant operations in the U.S., including its North American headquarters in California, the Hyundai Motor Manufacturing Alabama assembly plant, the all-new Hyundai Motor Group Metaplant America, and several cutting-edge R&D facilities. These operations, combined with those of Hyundai’s 850 independent dealers, contribute $20.1 billion annually and 190,000 jobs to the U.S. economy, according to a published economic impact report. For more information, visit www.hyundainews.com.Hyundai Motor America on Twitter | YouTube | Facebook | Instagram | LinkedIn | TikTok
###
Continue Reading