Browsing: Business

Meta began building a $10 billion, 1GW data center campus in Lebanon, Indiana, with 4,000 construction jobs, 300 roles and an early 2028 opening target in phases.

Gold slipped as a firmer U.S. dollar followed a stronger January jobs report, with payrolls up 130,000 and unemployment at 4.3%, ahead of U.S. CPI Friday print.

Tax Foundation says Trump tariffs cost households about $1,000 in 2025, as customs duties surged and studies found most costs passed to U.S. buyers at checkout.

Gold regained the $5,000 mark, trading near $5,078 as the U.S. dollar softened, while investors tracked central bank reserves and sharp swings in silver market.

Amazon set 2026 capex near $200B, sparking a tech pullback that erased about $1T from S&P 500 software value since Jan. 28. Dow closed over 50,000; Amazon fell.

Amazon shares fell about 8% after forecasting $200 billion in 2026 capital spending and posting Q4 results, with AWS revenue rising and cash flow easing in 2025.

U.S. employers announced 108,435 job cuts in January, the highest January total since 2009, led by UPS and Amazon plans, Challenger said. Hiring plans hit lows.

Walmart opened its first owned case-ready beef facility in Olathe, Kansas, packaging Angus cuts from Sustainable Beef in North Platte, Nebraska for Midwest DCs.

Bitcoin slid to a 2024 range after its $126,000 peak in Oct. 2025, while Coinbase and other crypto stocks dropped more than 15% in a week, as volatility jumped.

Oracle plans to raise $45B-$50B in 2026 to expand AI cloud capacity, using equity and bonds. An analyst report cited 20,000-30,000 job cuts in Austin, Texas.