WASHINGTON (Reuters) -The U.S. Supreme Court cleared the way on Tuesday for President Donald Trump's administration to resume carrying out mass job cuts and the restructuring of agencies, elements of his campaign to downsize and reshape the federal government. The justices lifted San Francisco-based U.S. District Judge Susan Illston's May 22 order that had blocked large-scale federal layoffs called reductions...

03:43 PM EDT, 07/08/2025 (MT Newswires) -- Meta Platforms ( META ) acquired close to a 3% stake in Ray-Ban maker EssilorLuxottica for $3.5 billion to advance the development of artificial intelligence glasses, Bloomberg reported Tuesday, citing sources. Meta is mulling further investments in EssilorLuxottica to increase its stake to around 5% but plans could change, people familiar with the...

SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...

Intel Corporation ( INTC ) shares are trading higher Tuesday as investors responded positively to the company’s ongoing global restructuring efforts and a recent price target hike from Citigroup. What To Know: The company is making aggressive cuts to its global workforce, including at its facilities in Israel and Oregon, as part of a broader effort to simplify operations and...