The dollar weakened against other major currencies Tuesday afternoon after President Trump told reporters in Iowa that he was not concerned about the recent decline in the dollar and wanted the currency to "seek its own level," per Bloomberg.
Why it matters: U.S. presidents historically talk up the dollar's strength whenever asked.
Tesla is coming full circle back to a time when its sales and earnings didn't much matter, and investors focus on future potential.
Why it matters: Tesla's EV sales last year hit their lowest level since 2022, but the company's stock is increasingly tied to its AI ambitions — including humanoid robots and robotaxis.
CBS News editor-in-chief Bari Weiss on Tuesday outlined a new set of editorial priorities for the storied network, including naming a new masthead and bringing on new voices and talent that can expand CBS News' reach to digital mediums.
Why it matters: It's the latest in a slew of measures Weiss has introduced to shift the network's coverage from focusing on linear television to streaming.
Why it matters: The move underscores Amazon's ongoing effort to refine its grocery strategy — even as the business now generates more than $150 billion in annual sales.
Health care stocks plummeted Tuesday after the Trump administration proposed keeping federal payments to private Medicare plans roughly flat in 2027 — far below what insurers had expected.
Why it matters: The proposal threatens revenue and margins in a core profit engine for major health insurers — and signals tough policy headwinds for the industry ahead.
Del. Eleanor Holmes Norton (D-D.C.) ended months of speculation Tuesday by announcing she will retire from Congress next year rather than seek another term.
Why it matters: The announcement marks the end of a decades-long career marked by fierce advocacy on behalf of D.C. residents — but marred recently by signs of cognitive decline.
Why it matters: UPS was getting 12% of its revenue from Amazon deliveries before deciding to pare back those shipments in pursuit of a more profitable, efficient business.
Driving the news: The shipping giant will cut up to 30,000 "operational positions" in 2026, CFO Brian Dykes said Tuesday on an earnings call.
That "will be accomplished through attrition" plus a new "voluntary separation program for full-time drivers," he said.
The company also plans to close 24 buildings in the first half of the year while evaluating additional facilities for closure in the second half.
"Plus, we plan to further deploy automation across the network," Dykes said.
By the numbers: UPS had already cut 48,000 positions in 2025, including 15,000 fewer seasonal roles, as it adjusted to lower volume.
All told, the company expects to save $3 billion from the Amazon shipment cuts.
The other side: "Considering drivers overwhelmingly rejected it the first time, UPS may try to resurrect its disrespectful buyout program, but Teamsters still know our worth," the Teamsters union — which represents UPS workers — said in a statement.
"We're perfectly happy for UPS to realize growth and cost savings on the backs of corporate managers so long as they uphold their contractual commitments to our members and reward the Teamsters who actually make the company run."
Editor's note: This story has been updated with a statement from the Teamsters union.
Yahoo is joining the next era of search with Yahoo Scout, a new AI answer engine that has a standalone site and app, and will be available across its properties.
Why it matters: As search moves from a list of links to conversations and answers, Yahoo is betting its three decades of data can help it compete with newer rivals.
Sweethearts conversation hearts — the chalky Valentine's Day staple — are debuting new phrases in 2026 to reflect how inflation and high living costs are reshaping romance.
The big picture: "Being practical is having a moment," said Evan Brock, vice president of marketing for Spangler Candy Company, the maker of Sweethearts.
Four members of the Magnificent 7 tech stocks report their quarterly results this week, with earnings for the group expected to grow by nearly 17%.
Why it matters: This is the "most eventful week" of the earnings season as investors weigh whether the AI darlings can keep fueling this bull market, writes José Torres, senior economist at Interactive Brokers.
CBS News editor-in-chief Bari Weiss will announce a slate of new contributors for the network on Tuesday during an all-hands meeting with staff, sources told Axios.
Why it matters: The contributors are part of a broader effort by Weiss to change CBS to align with a set of journalistic principles and guidelines she introduced in October.
DAVOS, Switzerland — Australian mining executive Andrew Forrest is emerging as one of the world's few top business leaders willing to publicly and loudly buck President Trump on climate change.
Why it matters: The broader business community is largely staying quiet in the face of Trump's aggressive moves in a number of areas, including on clean energy.
