Category: Economy

Elon Musk's X may lose $75M by year's end amid adv...

Elon Musk's X, formerly Twitter, may lose up to $75 million in ad revenue by the end of 2023 as major advertisers pull back spendi...

Read More

Roomba parent shares surge as Amazon deal nears: r...

Shares of Roomba-maker iRobot closed up nearly 40% on Friday following a report that Amazon's acquisition of the company is set to...

Read More




Elon Musk’s social-media comments spark Tesla inve...

An X post Tesla CEO Elon Musk made on the social-media platform X last week has been called “Antisemitic" and has company sharehol...

Read More

Oil slides after OPEC's unexpected meeting delay

The price of oil fell below $75 per barrel, taking another leg lower, after OPEC announced it was delaying its highly anticipated ...

Read More

Warren Buffett donates Thanksgiving millions, prai...

Warren Buffett has given family-linked nonprofit organizations a total of 2.4 million Berkshire Hathaway Class B shares, according...

Read More

GM's Cruise plans small relaunch of driverless rob...

Cruise aims to start putting its robotaxis back on the road in one city, the General Motors subsidiary indicated on Wednesday. It'...

Read More

Thanksgiving week and stock market

The Thanksgiving holiday creates some changes in trading days and hours for both the stock and bond markets heading into the start...

Read More

Tesla sets date for Cybertruck event: What to know

Tesla’s Cybertruck will finally make its official debut next week at the EV-maker’s gigafactory in Austin, Texas, putting the pres...

Read More

World's largest cryptocurrency exchange Binance to...

Binance CEO Changpeng Zhao will plead guilty to multiple criminal charges and the cryptocurrency exchange will pay more than $4 bi...

Read More

Can OpenAI survive the turmoil?

OpenAI, the company that developed popular artificial intelligence tool ChatGPT, is in chaos after the board fired Sam Altman as C...

Read More

Kohl's sales miss estimates as shoppers trim spend...

The results come after retail bellwether Walmart last week took a cautious stance going into the holiday shopping season, which is...

Read More

Nvidia’s AI lead ups stakes for earnings

Chipmaker Nvidia has been leading the AI charge this year, driving shares to a new record up 242% YTD and leaving little room for ...

Read More

Lowe's sees steeper drop in annual sales as DIY de...

Lowe's saw a "greater-than-expected pullback in DIY discretionary spending, particularly in bigger ticket categories" in the third...

Read More

Abercrombie & Fitch lifts annual sales forecast af...

Updated inventories and trendy logoless basics and jackets have allowed the company to rein in promotions and markdowns from a yea...

Read More

Sam Altman reportedly planning new AI venture afte...

Sam Altman, co-founder and former CEO of OpenAI, is reportedly planning to launch a new company in the artificial intelligence (AI...

Read More

UAW workers at Ford and Stellantis ratify new labo...

Members of the United Auto Workers union voted to ratify new labor contracts with Ford and Stellantis that will boost wages and be...

Read More

Apple and Lionsgate join IBM in pausing ads on X a...

Two more brands on Friday moved to pause their advertising on X, formerly Twitter, over concerns about antisemitic posts on the pl...

Read More

Amazon warns employees: No promotions without foll...

Amazon is ramping up pressure on employees who have been skirting the company's return-to-office mandate by making in-office atten...

Read More

Anheuser-Busch's US marketing chief to exit as Bud...

Anheuser-Busch announced that its chief marketing officer for the U.S. is on his way out, months after Bud Light's controversial p...

Read More

Amazon to sell Hyundai vehicles online beginning n...

E-commerce giant Amazon said Hyundai will be the first vehicle brand available for purchase but did not say when it would include ...

Read More