How AI is Tearing Through The White-Collar Workforce
A.M. Edition for Oct. 29. It has been a tough month for the white-collar workforce, as companies including Amazon, United Parcel Service and Target all announced layoffs. WSJ’s Chip Cutter explains how a new normal is emerging for a leaner workforce, driven in part by artificial intelligence. Plus, the Federal Reserve will announce its latest policy decision today. WSJ’s Nick Timiraos explains what central bankers are weighing amid a government shutdown that is leaving a gap in the official data. And, with over three thousand billionaires on the planet, Americans are dominating their collective wealth. Caitlin McCabe hosts.
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Trade Framework Emerges for the U.S. and China
P.M. Edition for Oct. 28. In an exclusive, we’re reporting on a trade framework that President Trump and Chinese leader Xi Jinping are set to discuss later this week that could see the U.S. rolling back some tariffs on China. WSJ trade and economic policy reporter Gavin Bade discusses what we know about the framework, and what that means for the U.S.-China relationship. Plus, UPS says it has cut 48,000 jobs in management and operations, pushing its stock price to close up 8%. And OpenAI has transitioned into a more traditional structure. We hear from WSJ reporter Keach Hagey about what that means for the company and its longtime partner Microsoft. Alex Ossola hosts.
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Correction: OpenAI’s nonprofit parent owns a stake in its for-profit subsidiary, which has become a public-benefit corporation. An earlier version of this podcast incorrectly said OpenAI had become a for-profit company. (Corrected Oct. 28)
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What’s News in Earnings: Inside Airlines’ Holiday Pricing Strategy
Bonus Episode for Oct. 28. Earlier this year, economic uncertainty weighed on airlines, as Americans were rethinking their travel plans. With the busy holiday travel period approaching, executives at carriers such as Delta Air Lines, United Airlines and American Airlines say demand is improving. WSJ reporter Dean Seal discusses how these carriers’ money-making strategies are beginning to pay off.
WSJ travel reporter Jacob Passy hosts this special bonus episode of What's News in Earnings, where we dig into companies’ earnings reports and analyst calls to find out what’s going on under the hood of the American economy.
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Further Reading:
Delta Predicts Premium Seat Sales to Overtake Economy as Soon as 2026
United Airlines Expects Stronger Revenue Trends in Holiday Season
Southwest’s Revenue Is Growing. Stronger Travel Demand and Bag Fees Are Helping.
American Airlines Lifts Profit Target for 2025
Alaska Airlines Works to Restore Operations After Tech Outage Grounds Flights
GE Aerospace Boosts Guidance as Air-Travel Demand Stabilizes
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Why Amazon Plans to Cut 30,000 Jobs
A.M. Edition for Oct. 28. According to people familiar with the matter, Amazon plans to cut roughly 10% of its corporate workforce, as it seeks to slim down, conserve cash and further employ AI. Plus, WSJ’s Jon Emont explains how a slew of billion-dollar deals is reshaping the once-dormant Western rare-earths industry. And, a Republican-led committee recommends that the Justice Department investigate former President Joe Biden’s executive actions, particularly his clemency decisions. Caitlin McCabe hosts.
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Qualcomm Takes On Nvidia in the AI Chip Race
P.M. Edition for Oct. 27. Shares of Qualcomm rose 11% today after the company announced that it plans to launch new artificial-intelligence accelerator chips. We hear from WSJ reporter Robbie Whelan about what the entrance of Qualcomm, which has so far mostly focused on chips for mobile devices, means for the AI race. Plus, the Caribbean braces for the arrival of Hurricane Melissa, which has developed into a Category 5 hurricane. Journal reporter Joseph De Avila discusses the damage the storm is expected to inflict, and where. And Sudanese rebels have captured the last government stronghold in Darfur. Alex Ossola hosts.
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What's News brings you the biggest news of the day, from business and finance to global and political developments that move markets. Get caught up in minutes twice a day on weekdays, then take a step back with our What’s News in Markets wrap-up on Saturday and our What’s News Sunday deep dive.
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