Amazon has announced another major round of layoffs as it accelerates its shift toward generative artificial intelligence and continues to streamline a workforce that ballooned during the pandemic. Beth Galetti, Amazon’s senior vice president of human resources, said in a blog post on Wednesday that the company has been “reducing …

The U.S. dollar weakened further on Wednesday, hovering near a four-year low and extending sharp losses from the previous session, as investors focused on the Federal Reserve’s upcoming interest rate decision. At 04:00 ET (09:00 GMT), the Dollar Index—which measures the greenback against a basket of six major currencies—edged 0.1% …

U.S. stock index futures edged higher on Wednesday as investors positioned for the Federal Reserve’s interest rate decision and awaited earnings from some of Wall Street’s most influential technology companies. At 05:10 ET (10:10 GMT), Dow Jones Futures added 30 points, or 0.1%, S&P 500 Futures rose 26 points, or …

European equities edged slightly lower on Wednesday, as investors weighed a heavy flow of corporate earnings while adopting a cautious stance ahead of the U.S. Federal Reserve’s interest rate decision later in the day. At 03:02 ET (08:02 GMT), Germany’s DAX slipped 0.1%, France’s CAC 40 fell 0.5%, while the …

Oil prices edged higher on Wednesday, extending strong gains from the previous session as supply concerns persisted after a winter storm curtailed U.S. output and exports, while escalating Middle East tensions added a fresh risk premium. Brent crude rose 0.2% to $67.68 a barrel, while U.S. West Texas Intermediate gained …

Gold prices surged to fresh record highs on Wednesday, breaking above the $5,200-an-ounce mark as robust safe-haven demand and sustained weakness in the U.S. dollar continued to buoy precious metal markets. Spot gold touched an all-time high of $5,266.38 per ounce, while April gold futures climbed to a peak of …

U.S. stocks traded in mixed fashion on Tuesday, as investors adopted a cautious stance ahead of the Federal Reserve’s interest rate decision and a wave of heavyweight technology earnings that mark the early stages of this quarter’s reporting season. By 09:33 ET, the Dow Jones Industrial Average was down 455 …

Bitcoin edged slightly higher on Tuesday but remained rangebound below the $90,000 level, hovering near one-month lows as investors stayed cautious ahead of the Federal Reserve’s policy meeting. The world’s largest cryptocurrency traded 0.4% higher at $88,296.5 by 01:33 ET. Despite a softer U.S. dollar, Bitcoin has struggled to regain …

Lionsgate Studios has appointed Steven T. Mnuchin, the former U.S. Secretary of the Treasury, to its board of directors as the company looks to accelerate growth following its separation from Starz last year. The studio said Mnuchin’s financial and regulatory expertise will be a key asset as Lionsgate expands as …

Vanguard’s assets under management outside the United States have surpassed $1 trillion for the first time, marking a major milestone in the investment giant’s international growth. Salim Ramji, chief executive of the world’s second-largest asset manager, said the firm sees “incredible opportunities” beyond the U.S., particularly in regions such as …