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Tag: Amazon

WASHINGTON - OCTOBER 05: (AFP-OUT) Warren Buffett, Chairman & CEO of Berkshire Hathaway, listens to U.S. President Barack Obama address the 2010 Fortune Most Powerful Women Summit, on October 5, 2010 in Washington, D.C. Obama honored accomplished women from around the world. (Photo by Leslie E. Kossoff-Pool/Getty Images)

Warren Buffett Firm Berkshire Hathaway Sells Nearly $1B In Bank Of America Shares

Billionaire investor Warren Buffett’s conglomerate Berkshire Hathaway has sold nearly $1 billion worth of shares in Bank of America in the past week.

Read More Warren Buffett Firm Berkshire Hathaway Sells Nearly $1B In Bank Of America Shares
The Albertsons logo is seen on an Albertsons grocery store, as Kroger agrees to buy rival Albertsons in a deal to combine the two supermarket chains, in Riverside, California, U.S., October 14, 2022. REUTERS/Aude Guerrucci/File Photo

US FTC’s bid to block Kroger-Albertsons merger heads to trial

The FTCwill argue Kroger’s $25 billion merger with rival grocer Albertsons is bad for shoppers and workers when the agency’s lawsuit goes to trial in federal court.

Read More US FTC’s bid to block Kroger-Albertsons merger heads to trial
Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading in New York on August 23, 2024. US Federal Reserve Chair Chair Jerome Powell said on August 23 that the "time has come" for the US to start cutting interest rates, adding that his "confidence has grown" that the battle against inflation is on track. "The time has come for policy to adjust," he said in a keynote speech at the Jackson Hole Economic Symposium in Wyoming, according to prepared remarks. (Photo by ANGELA WEISS / AFP) (Photo by ANGELA WEISS/AFP via Getty Images)

Dow Surges 400 Points as Wall Street Cheers Powell’s Fed Rate Cut Announcement

Wall Street’s stock indexes increased substantially on Friday, with the S&P 500 index climbing towards a record high, after Federal Reserve Chair Jerome Powell said “the time has come” to reduce interest rates. 

Read More Dow Surges 400 Points as Wall Street Cheers Powell’s Fed Rate Cut Announcement
WASHINGTON, DC - JULY 23: An electric Ford truck is displayed during the Electrify Expo In D.C. on July 23, 2023 in Washington, DC. The expo highlighted new and soon-to-be-released electric cars, bikes and other technology. (Photo by Nathan Howard/Getty Images)

Ford Changing EV Strategy, Drops All-Electric Three-Row SUV, Division Is On Pace To Lose $5.5B This Year

Automaker Ford announced that it is recalibrating its EV strategy over concerns of not making enough profits, including getting rid of an electric SUV. 

Read More Ford Changing EV Strategy, Drops All-Electric Three-Row SUV, Division Is On Pace To Lose $5.5B This Year
Anthropic logo is seen in this illustration taken May 20, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

Authors sue Anthropic for copyright infringement over AI training

Three authors who say the AI company Anthropic misused their books and hundreds of thousands of others to train its AI-powered chatbot Claude.

Read More Authors sue Anthropic for copyright infringement over AI training
NEW YORK, NEW YORK - JANUARY 09: The exterior of the new headquarters of Google is seen at 550 Washington Street in Hudson Square on January 09, 2024 in New York City. Designed by COOKFOX Architects, the 1.3-million-square-foot project involved the restoration and expansion of the St. John’s Terminal building along the Hudson River waterfront. (Photo by Michael M. Santiago/Getty Images)

Google Loses Historic Antitrust Lawsuit Over Its ‘Search Dominance’

A federal judge ruled on Monday that Google violated U.S. antitrust laws with its online search business, handing the tech giant a staggering court defeat with the potential to reshape how millions of Americans get information online, and potentially ending the decades of dominance. 

Read More Google Loses Historic Antitrust Lawsuit Over Its ‘Search Dominance’

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A photo taken 08 October 2004 in Oslo shows the Nobel Peace Prize medal. (Photo by Gunnar Lier / NTB / AFP) (Photo by GUNNAR LIER/NTB/AFP via Getty Images)
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