Dow Jones Top Company Headlines at 7 AM ET: Amazon to Lay Off Around 16,000 Corporate Employees | AT&T ...

Dow Jones
01/28

Amazon to Lay Off Around 16,000 Corporate Employees

The latest round of layoffs came after the company cut 14,000 white-collar workers in October.

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AT&T Sales Rise on Higher Wireless, Consumer Revenue

AT&T recorded higher sales in the fiscal fourth quarter, boosted by increases in revenue at its wireless and consumer businesses.

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SoftBank in Talks to Invest Up to $30 Billion More in OpenAI

The Japanese conglomerate is exploring a further investment as part of the startup's efforts to raise up to $100 billion.

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Wells Fargo Cuts Proxy Adviser Ties in Latest Blow to Industry

The bank will make voting decisions on shareholder proposals without the help of proxy advisers like ISS and instead rely on a new internal system.

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VF Revenue Rises, Boosted by North Face, Timberland

VF Corp reported higher fiscal third-quarter revenue as its North Face and Timberland brands helped to offset weakness in its Vans business.

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Scotts Miracle-Gro Strikes Deal to Sell Cannabis-Supply Unit

The sale of Hawthorne Gardening to Vireo Growth reduces Scotts's exposure to the volatile marijuana sector, executives said.

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Shares in Chip-Machine Giant ASML Jump as AI Spending Booms

The company logged record quarterly orders, showing how tech clients continue to plow money into tools for making sophisticated semiconductors.

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China Approves Purchases of Nvidia's H200 Chip, Easing Tension With U.S.

Beijing gave the green light to Alibaba and others, but is keeping in place limits intended to encourage purchases of local chips.

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SK Hynix Caps Off Bumper Year With Record Quarter

The memory chip maker posted record earnings for the final quarter of 2025 as the global artificial-intelligence boom continued to fuel strong demand.

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Volvo Lifts Truck Market Guidance as Markets Begin to Stabilize

Volvo raised its outlook for European and North American truck markets but warned that uncertainties remained which could impact demand going forward.

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Lonza Sales Grow on New Contract Momentum

It said sales grew in 2025 on the strength of new commercial contracts across technology programs.

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Fresnillo Cuts Silver, Gold Production Guidance After Output Falls

Changes to its Fresnillo mine are expected to drag on ore processing and overall grade.

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Royal KPN Posts Higher Net Profit

The telecommunications company attributed the rise to higher earnings from operations and lower taxes, and said it would launch a share buyback.

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Meta's AI Spending Spree Weighs on Earnings Outlook

Meta reports fourth-quarter earnings Wednesday, and Wall Street expects strong revenue growth-but the company's AI buildout is driving a surge in capital and operating costs.

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China Vanke Avoids Immediate Default With More Bond Repayment Deferrals

The Chinese developer also obtained a fresh loan from a state-owned shareholder, giving it more breathing room as it wrestles with a prolonged liquidity crunch.

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Here's how Microsoft can prove the doubters wrong this earnings season

Increasing its cloud capacity is key for Microsoft, as the company can't currently meet all is AI demand due to a shortage of graphics processing units.

 

(END) Dow Jones Newswires

January 28, 2026 07:00 ET (12:00 GMT)

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