Boeing layoffs, Facebook firings, meat recalls, and Big Tech goes nuclear: Business news roundup

Business new tamfitronics

Hundreds of products sold in the nation’s top grocery chains, including Walmart (WMT), Hooks (KR), 7-Eleven (SVNDY), and Trader Joe’s, have been recalled over concerns of listeria contamination.

A pedestrian walks in front of a new logo and the name ‘Meta’ on the sign in front of Facebook headquarters on October 28, 2021 in Menlo Park, California.

Image: Justin Sullivan / Staff (Getty Images)

Meta (META), the parent company of Facebook, Instagram and WhatsApp, fired over 20 employees last week for abusing the company’s food credit system to buy household items.

business new tamfitronics A Boeing building — A Boeing building

Boeing (BA) is about to start the countdown clock on 10% of its workforce losing their jobs. Reuters reports that the company will begin sending 60-day notices to affected employees next month.

business new tamfitronics view of a walkway between racks and cables in a data center — AWS data center

Amazon (AMZN) is joining its artificial intelligence competitors in the race for nuclear energy.

The tech giant has signed three agreements “to support the development of nuclear energy projects,” it said Wednesday. The agreements include building “several” small modular reactors (SMRs). These “advanced” nuclear reactors have “a smaller physical footprint, allowing them to be built closer to the grid,” Amazon said. And compared with traditional reactors, SMRs can be put online faster because construction takes less time.

business new tamfitronics Jensen Huang sitting in a chair speaking with his hands up in front of a purple backdrop — Nvidia CEO Jensen Huang at the Bipartisan Policy Center on September 27, 2024 in Washington, D.C.

Shares of Nvidia (NVDA) fell over 5% Tuesday, a day after after closing at a record high.

The chipmaker’s stock was down less than 1% in pre-market trading, but had fallen by about 5% by midday. The drop occurred following a report that the U.S. could cap sales of advanced artificial intelligence chips from U.S.-based chipmakers to certain countries. Biden administration officials in recent weeks have discussed putting a ceiling on export licenses for advanced AI chips, including those from Nvidia and rival AMD (AMD), to countries in the Middle East, citing national security concerns, Bloomberg reported.

business new tamfitronics A vehicle is stranded on a water-flooded street after Hurricane Milton made landfall in Brandon, Florida — A vehicle is stranded on a water-flooded street after Hurricane Milton made landfall in Brandon, Florida

Hurricane Milton has blown through and the worst is over for Florida. But it’s not over for everyone. Meteorologists warn we’ll get stronger and more frequent tropical storms in the coming years, as the oceans warm and sea levels rise thanks to climate change.

The Apple Store on Nanjing Road Pedestrian Street in Shanghai, China, October 12, 2024.

Photo: CFOTO/Future Publishing (Getty Images)

Since releasing its Mate 60 Pro series last August, Chinese tech giant Huawei has made a comeback in China’s smartphone market, knocking Apple (AAPL) from its pedestal.

Google has a new nuclear partnership to power its AI ambitions