Category Archives: WBAP 24/7 News

Paramount to Lay Off 2,000 Employees Shortly After Its Merger With SkyDance
MANHATTAN, NEW YORK, UNITED STATES – 2025/09/08: Sign at the main entrance to Paramount Studios in Midtown Manhattan. (Photo by Erik McGregor/LightRocket via Getty Images)AP Business Writer (AP)...
Cumulus Media Oct 29, 2025

Starbucks Sales Improve but Store Closures and Layoffs Take a Bite Out of Profits
Starbucks reported better-than-expected revenue in its fiscal fourth quarter as its U.S. sales improved. The Seattle-based company said its net revenue rose 5% to $9.6 billion in the July-September pe...
Cumulus Media Oct 29, 2025

AI Chipmaker Nvidia is the First $5 Trillion Company
Nvidia has become the first $5 trillion company, just three months after the Silicon Valley chipmaker was first to break through the $4 trillion barrier. The ravenous appetite for Nvidia's chips is th...
Cumulus Media Oct 29, 2025

Google’s Corporate Parent Posts First-Ever Quarter With $100 Billion in Revenue in Latest Show of Its Power
August 19, 2018 Mountain View / CA / USA – Google logo on one of the buildings situated in Googleplex, the company’s main campus in Silicon ValleySAN FRANCISCO (AP) - Google's corporate pa...
Cumulus Media Oct 29, 2025

Meta Shares Slide After Company Projects Higher Expenses for 2026
Meta's stock slid in after-hours trading Wednesday after the tech giant posted strong third-quarter results but warned that its expenses will be significantly higher in 2026 than this year. Like is ri...
Cumulus Media Oct 29, 2025

Republicans Send Biden Autopen Report to the Justice Department, Urging Further Investigation
WASHINGTON, DC – SEPTEMBER 26: U.S. President Joe Biden’s signature and an autopen are seen along the “The Presidential Walk of Fame” on the wall of the colonnade outside of th...
Cumulus Media Oct 28, 2025

Ex-Thief Says He Warned Louvre of Security Weaknesses Around Crown Jewels
French police officers seal off the entrance to the Louvre Museum after a robbery in Paris, France, on October 19, 2025. Robbers break into the Louvre and flee with jewelry on the morning of October 1...
Cumulus Media Oct 28, 2025

Federal Reserve Likely to Cut Key Rate Wednesday and May Signal Another Cut to Follow
WASHINGTON (AP) - The Federal Reserve will almost certainly cut its key interest rate on Wednesday and could signal it expects another cut in December as the central bank seeks to bolster hiring. A cu...
Cumulus Media Oct 28, 2025

Amazon Cuts 14,000 Corporate Jobs as Spending on Artificial Intelligence Accelerates
Amazon will cut about 14,000 corporate jobs as the online retail giant ramps up spending on artificial intelligence. "The reductions we're sharing today are a continuation of this work to get even str...
Cumulus Media Oct 28, 2025

Layoffs Are Piling Up, Raising Worker Anxiety. Here Are Some Companies That Have Cut Jobs Recently
NEW YORK (AP) - It’s a tough time for the job market. Amid wider economic uncertainty, some analysts have said that businesses are at a "no-hire, no fire" standstill. At the same time, some size...
Cumulus Media Oct 28, 2025









