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Investing

Amazon’s Zoox robotaxi unit issues software recall after recent Las Vegas crash

May 7, 2025
Investing

Rite Aid files for second bankruptcy in two years

May 6, 2025
U.S. pharmacy chain Rite Aid on Monday filed for bankruptcy protection for the second time in as many years, according to a…
Investing

Skechers to be acquired by 3G Capital in take-private deal, shares soar 25%

May 6, 2025
Footwear giant Skechers has agreed to be acquired by private equity firm 3G Capital for $63 per share, ending its nearly three-decade run as…
Investing

Temu halts shipping direct from China as de minimis tariff loophole is cut off

May 5, 2025
Chinese bargain retailer Temu changed its business model in the U.S. as the Trump administration’s new rules on low-value shipments took effect Friday. In…
Investing

Jeff Bezos discloses plan to sell up to $4.8 billion in Amazon stock

May 3, 2025
Amazon founder Jeff Bezos plans to sell up to 25 million shares in the company over the next year, according to a financial filing on Friday….
Investing

Netflix stock is trading at all-time high levels in unprecedented win streak

May 3, 2025
Netflix is on a winning streak. The streaming giant’s stock has traded for 11 straight days without a decline, the company’s longest positive…
Investing

Nvidia says Anthropic is telling ‘tall tale’ in its defense of U.S. AI chip restrictions on China

May 2, 2025
Nvidia blasted Anthropic Thursday in a rare public clash over artificial intelligence policy with U.S. chip export restrictions set to take effect. “American firms should focus on innovation and…
Investing

Amazon is stepping up to fill a gap in Hollywood’s movie slate

May 2, 2025
Tech is saving Hollywood — though not in the way you might think. Back in 2022, e-commerce giant and relative upstart movie…
Investing

Trump-Bezos call sets stage for tense earnings report from Amazon

May 1, 2025
President Donald Trump used to refer to Jeff Bezos as “Jeff Bozo.” Now, after more drama between the two men, Trump is calling the Amazon founder a…
Investing

Nvidia CEO Jensen Huang warns China is ‘not behind’ in AI

May 1, 2025
Nvidia CEO Jensen Huang said on Wednesday that China is “not behind” in artificial intelligence, and that Huawei is “one of the most…
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