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...
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...
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...
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 ...
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...
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'...
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...
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...
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...
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...
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...
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 ...
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...
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...
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...
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...
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...
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...
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...
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 ...
