The wearable tech maker posted lower than expected sales for the holiday quarter, sending shares to an all-time low. Meanwhile, Comcast shares are falling after the company made a $31 billion bid for UK broadcaster Sky. And in other media merger news, Discovery got approval for its acquisition of Scripps, and Qualcomm introduced its latest chip meant for 5G technology.

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Layoffs are piling up, raising worker anxiety
It's a tough time for the job market. Amid wider economic uncertainty, some analysts have said that businesses are at a “no-hire, no fire” standstill. At the same time, some sizeable layoffs have continued to pile up — raising worker anxieties across sectors. Some companies have pointed to rising operational costs due to U.S.'s new tariffs, while others have redirected money to artificial intelligence investments. Workers in the public sector have also been hit hard. Federal jobs were cut by the thousands earlier this year. And many workers are now going without pay as the U.S. government shutdown has now dragged on for more than a month.
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