Markets Now January 30, 2024

UPS is cutting 12,000 jobs

UPS announced Tuesday that it will cut 12,000 jobs as part of a bid to save $1 billion costs. Managers and contractor positions will make up most of the layoffs.  
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Analysis: Some blue chip stocks are crumbling: Here’s why

Blue chip stocks have long been synonymous with stability and reliability. Named for the most valuable poker chips, these stocks supposedly represent the crème de la crème of the corporate world, companies like Disney, General Motors, and Verizon.  
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Elon Musk says the first human patient has received a brain implant from Neuralink

Elon Musk’s controversial startup Neuralink has implanted a chip in a human brain for the first time, the billionaire said in a post on his X platform late Monday.  
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IBM tells managers to come to the office or leave their jobs

IBM tells managers to come to the office or leave their jobs  
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Amazon Prime’s ‘Expats’ was set and filmed in Hong Kong. But it’s not being shown there

Amazon Prime’s new drama series “Expats,” starring Nicole Kidman, is currently unavailable to watch in Hong Kong despite being set and partly filmed in the city.  
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Toyota remains world No.1 but its list of problems is growing

Toyota has retained its lead as the world’s biggest automaker by sales, beating German rival Volkswagen for the fourth consecutive year.  
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Source: CNN Business

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