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Investing

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

Amazon’s Zoox issued a software recall for 270 of its robotaxis after a crash in Las Vegas last month, the company said Tuesday. The…
Investing

Rite Aid files for second bankruptcy in two years

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%

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

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

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

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

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

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

Tesla denies report it’s looking to replace Elon Musk

Shares of Tesla were flat in premarket trading Thursday after the EV maker denied a Wall Street Journal report that its board was searching…
Investing

Data center boom in world’s largest market isn’t slowing down, Dominion Energy says

Data center demand is not slowing down in the world’s largest market centered in northern Virginia, executives at Dominion Energy said Thursday. Dominion provides…
Investing

Consumers are not lovin’ it: McDonald’s has its worst quarter since 2020

McDonald’s reported its worst quarterly sales for the United States since the height of the pandemic in 2020, the latest restaurant chain…
Investing

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

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…
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