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

    by May 7, 2025
    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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  • Economy

    Skechers to be acquired by 3G Capital in take-private deal, shares soar 25%

    by May 6, 2025
    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 a…

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  • Economy

    Rite Aid files for second bankruptcy in two years

    by May 6, 2025
    May 6, 2025

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

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  • Economy

    Temu halts shipping direct from China as de minimis tariff loophole is cut off

    by May 5, 2025
    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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  • Economy

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

    by May 3, 2025
    May 3, 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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  • Economy

    Tesla denies report it’s looking to replace Elon Musk

    by May 3, 2025
    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 for…

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  • Economy

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

    by May 3, 2025
    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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  • Economy

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

    by May 3, 2025
    May 3, 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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  • Economy

    Tesla denies report that the EV maker is looking to replace Elon Musk

    by May 2, 2025
    May 2, 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 for…

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  • Economy

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

    by May 2, 2025
    May 2, 2025

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

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