Amazon Web Services is the largest cloud services provider in the world, and growth at the Amazon unit has returned after a dip in the past year, thanks to surging adoption of AI technologies.
The U.S. Food and Drug Administration (FDA) recently announced a national recall of certain coffee products over the risk of a potentially deadly contamination. Read more...
The apology is part of a settlement to a lawsuit filed against the IRS in 2022 by Griffin, founder and CEO of Citadel, alleging that an employee at the agency illegally leaked his tax returns to the news site ProPublica.
Powerful AI systems “will make all the problems only worse,” said Andreas Mundt, who cited fears that users won’t be able to avoid Big Tech platforms in favor of alternative services.
Apple’s motto is privacy and security. The company is known for setting high standards for the tech industry at large, which has put it at odds in the past with other tech giants such as Meta. But lately it’s had to address software security problems across a range of its
Amazon has crossed the $2 trillion market cap threshold for the first time amid its push into artificial intelligence. Read more...
Chipotle Mexican Grill’s former boss is addressing dissatisfaction with its portion sizes, which some have claimed veer toward the smaller side . Read more...
A fugitive Malaysian money man who once partied with Leonardo DiCaprio has struck a $100M deal to settle lawsuits accusing him of buying luxury art with embezzled funds.
A Norfolk Southern train car derailment last year that unleashed giant clouds of toxic smoke on a small Ohio town didn’t have to happen, according to a new government report. The National Transportation Safety Board released its findings into the fiery East Palestine crash and
The announcement came at a town hall meeting with Paramount Global's co-CEOs soon after failed merger talks with production company Skydance Media.
LVMH chairman Bernard Arnault has reportedly bought a stake in the luxury rival that owns Cartier, sparking rumors of a possible takeover battle.
McDonald’s $5 meal deal wasn’t born out of thin air. Read more...
Southwest said the revenue per mile outlook is worsening mostly due to the difficulty of adapting its pricing to “current booking patterns in this dynamic environment.”
The median new house price fell 0.9% to $417,400 in May from a year ago. Nearly half of the new homes sold last month were priced under $399,000.
Gareth Jenkins told the public inquiry he was asked to make his witness statement less emotive.
Wall Street is expecting chipmaker Micron to report an 80% jump in revenue in its third-quarter earnings results. Read more...
VW said it would initially invest $1 billion into a joint venture to create what was described as a “next generation software-defined vehicle platform” that will be used in both firms’ electric cars. Rivian is slated to receive another $4 billion in total by 2026.
FedEx is delivering some big stock gains Wednesday. Shares in the delivery giant are up more than 13% in early trading after the company posted earnings that prove its cost cuts are paying off. The stock is at its highest price of the year so far. Read more...
The French election threatens a remarkable commercial renaissance
General Motors has added two more members to the executive team overseeing self-driving startup Cruise’s comeback, including a new chief executive officer. Read more...
The Biden administration said on Wednesday that Medicare enrollees will pay less for 64 prescription drugs available through Medicare Part B. Read more...
Nvidia stock continued to rebound during Wednesday morning trading, after the company lost more than $500 billion in market value . Read more...
Morgan Stanley Wealth Management is looking to leverage generative artificial intelligence to help its financial advisors do away with busy work. Read more...
The economists cited a "one-time shift" in demand duringThe economists said they predict home prices will rise by about 4.5% in 2024 and 5% in 2025, then fall back to 0.5% in 2026 due to the fleeting pandemic-driven market boost. the pandemic for their less-than-ideal outlook
CDK Global said its dealership management systems won’t be back online before the end of June, as the company and the dealers it works with continue to struggle with the aftershocks of back-to-back cyberattacks. Read more...
Just a few months ago, the market was worried about Rivian . The company has disclosed it lost $33,000 on every electric truck it sold, laid off hundreds of workers , and said it expects to take a $2.7 billion hit this year. Read more...
Southwest Airlines dropped its expectations for the second quarter as it struggles to manage its revenues amid changing flyer preferences. Read more...
A federal judge on Tuesday rejected a $30 billion settlement reached between credit card giants Visa and Mastercard and U.S. merchants, as a nearly two-decade battle over so-called swipe fees continues. Read more...
Nine-to-five businesses aren’t ‘good enough,’ suggests a new study. Instead, Americans want businesses to operate 24/7.
A High Court judge said Mr Chappell tried to “plunder the BHS Group whenever possible".
