The US economy added 143,000 jobs in January, fewer than expected
The Bureau of Labor Statistics published January employment data on Friday. The US had disappointing job growth in January but a welcome drop in unemployment. The economy added 143,000 jobs, below the forecast of 169,000. However, unemployment was expected to be 4.1% again but declined to 4%. “Job gains occurred in health care, retail trade,…
Stock of the day: Roblox drops 13% after 4th-quarter earnings sparks growth concerns
The move: Roblox stock plunged as much as 20.3% on Thursday, paring that decline to about 13% at 3:05 p.m. ET. The chart: Why: The video game platform released mixed fourth-quarter earnings that included soft guidance for 2025. Roblox said it expected 2025 bookings of $5.20 billion to $5.30 billion, with the midpoint of that…
Over 40,000 federal workers have accepted the buyout — far fewer than the White House hoped
A spokesperson for the Office of Personnel Management said Thursday that the number was “growing.” More than 40,000 federal employees have taken the Trump administration up on its buyout offer, a spokesperson for the Office of Personnel Management said Thursday. The number is from Wednesday, the spokesperson said, and “growing.” The stat comes amid new…
Ted Cruz says people should take ‘real comfort’ in Elon Musk working on the air traffic control system
It’s not yet clear what Elon Musk and DOGE will be doing. But Sen. Ted Cruz, the head of the Senate committee overseeing the FAA, is on board. Sen. Ted Cruz is getting behind Elon Musk and DOGE’s plans to make upgrades to the country’s sprawling air traffic control system. “For some reason, Democrats and…
Affirm’s CEO said helping staff pack their boxes during layoffs made everyone feel better
Levchin said he learned that helping people pack their boxes and being with employees who were leaving was cathartic. Affirm’s CEO said one piece of advice has helped him conduct layoffs empathetically: Get on the ground floor with employees. Max Levchin, the PayPal cofounder who now leads buy-now, pay-later company Affirm, said he wanted to…
OpenAI cofounder John Schulman leaves Anthropic months after joining
The Anthropic logo is displayed on a smartphone screen. OpenAI cofounder John Schulman has left rival artificial intelligence firm Anthropic, a job he held for about six months. “We are sad to see John go but fully support his decision to pursue new opportunities and wish him all the very best,” Anthropic’s chief science officer…
Snap CEO says ‘environment of uncertainty’ around TikTok has boosted Snapchat
Snap CEO Even Spiegel said the company got an engagement boost when TikTok went dark. Snap CEO Evan Spiegel told investors this week that his company benefited from TikTok’s uncertain future in the United States. Snap told investors in an earnings call Tuesday that it increased its daily active user count to 453 million in…
I have an urgent question: Will my Temu order arrive?
Your supercheap Temu order could be at risk. A few days ago, I noticed I needed a new mousepad. The cloth covering was starting to peel away from the rubber. So I went to Temu — more on that in a minute. Mousepads are some of those things that — in theory — you should…
Trump closed a China loophole. Shein and Temu were already prepared.
A Shein pop-up in Manchester, England. Shein and Temu won’t meet an untimely end because of de minimis changes, e-commerce experts say. The logistics world has been expecting changes to the de minimis exemption for a while, and both Chinese e-commerce players have made some changes to their fulfillment strategies that experts say could help…
