Meta Lays Off 1,500 People in Metaverse Division
The cuts affected 10% of staff as spending shifts to its AI glasses and other wearables products.
----
Disney to Unify Marketing Efforts Into New Centralized Unit
Asad Ayaz will lead the unit as chief marketing and brand officer, reporting to Chief Executive Officer Bob Iger, the company said.
----
Mission Produce to Acquire Rival Avocado Producer Calavo in $483 Million Deal
The deal will combine two of the most prominent publicly traded avocado producers.
----
Banks Say U.S. Consumers Remain Resilient Despite Economic Pressures
Executives warned that Trump's effort to address affordability with a 10% cap on credit-card interest rates would hurt the economy.
----
Tesla's Full Self-Driving System Will Only Be Available Via Subscription, Musk Says
The electric-vehicle maker currently offers the advanced driver-assistance features for a one-time payment of $8,000 or a subscription of $99 a month in the U.S.
----
More Than a Million Verizon Users Experience Outages
Customers of the telecommunications provider reported service problems around the country, including in New York City, Seattle, Miami and Los Angeles
----
OpenAI Forges Multibillion-Dollar Computing Partnership With Cerebras
The ChatGPT-maker is racing to secure more computing power, especially for responding to user queries.
----
Citigroup's stock turns lower after a rare earnings miss. Russia is one reason.
Citigroup's fell after the bank reported a rare earnings miss, due to losses related to asset sales in Russia.
----
Ford Suspends Factory Worker for Heckling Trump
The president responded by raising his middle finger, a video shows.
----
Saks Global Files for Bankruptcy, Undone by Debt and a Luxury Slump
The owner of Saks, Neiman Marcus and Bergdorf Goodman becomes the highest-profile department-store chain to file for chapter 11 since the pandemic.
----
Wells Fargo comes up short on revenue as it sets new profit target
The number-three bank by market cap beat on earnings but missed on revenue.
----
Quantinuum to Go Public. Investors Soon to Get Piece of Latest Quantum Pure Play.
A source previously told Barron's an initial public offering could come between late 2026 and 2027.
----
FTC Finalizes Order With GM, OnStar Over Data Collection Practices
Under the order, General Motors and its subscription-based telematics service OnStar are prohibited from sharing certain consumer data with consumer reporting agencies.
----
Airbnb Appoints Former Meta AI Executive CTO
Airbnb named Ahmad Al-Dahle, a former leader of AI at Meta, as the company's new chief technology officer.
----
Bayer Shares Surge as Partner Forecasts Sales Growth for Prostate-Cancer Drug
Orion predicted strong growth for darolutamide, the prescription prostate-cancer medication it co-developed with Bayer.
(END) Dow Jones Newswires
January 14, 2026 17:00 ET (22:00 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.