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Categories Economy

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

May 7, 2025

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 recall

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Categories Economy

Rite Aid files for second bankruptcy in two years

May 7, 2025

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

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Categories Economy

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

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Categories Economy

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 recent

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Categories Economy

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

May 4, 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 run

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Categories Economy

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

May 4, 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. Bezos,

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Categories Economy

Tesla denies report it’s looking to replace Elon Musk

May 3, 2025

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

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Categories Economy

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

May 3, 2025

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 electricity

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Categories Economy

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 studio Amazon promised

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Categories Economy

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 rise

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