Amazon.com Inc

DOJ sues Apple in antitrust case, says it has illegal monopoly over smartphones

Business
Jessica Roberts

WASHINGTON (AP) — The Justice Department on Thursday announced a sweeping antitrust lawsuit against Apple, accusing the tech giant of engineering an ...

(RDDT) starts trading on NYSE

Business
Jessica Roberts

The stock opened at $47 and reached a high of $57.80. At Thursday’s peak, the company had a market cap of about ...

MacKenzie Scott donates $640 million to nonprofits

Business
Jessica Roberts

Billionaire philanthropist and author MacKenzie Scott announced Tuesday she is giving $640 million to 361 small nonprofits that responded to an open ...

Jim Cramer says Nvidia will ‘create the next industrial revolution’

Technology
Michael Johnson

Cramer reaffirmed his belief that the company is worth its $2.2 trillion valuation. To him, Nvidia wields immense power because its software ...

Cohere says rivals are building Bugatti sports cars, ‘We make F150s’

Technology
Michael Johnson

“What you actually need is a fleet of F-150 pickup trucks,” Kon said. “We make F-150s.” Founded by ex-Google AI researchers and ...

Snowflake’s Frank Slootman to retire from CEO role, will remain board chair

Business
Jessica Roberts

(Bloomberg) — Snowflake Inc. is heading for its biggest decline on record after the software maker delivered a disappointing sales forecast and ...

Amazon to join Dow Jones Industrial Average next week

Business
Jessica Roberts

Last Updated: Feb. 20, 2024 at 5:52 p.m. ET First Published: Feb. 20, 2024 at 5:32 p.m. ET Amazon.com Inc. is set ...

Companies make 2024 the year of cost cuts

Business
Jessica Roberts

Mathisworks | Digitalvision Vectors | Getty Images Department store retailer Macy’s said it will close five of its namesake department stores and ...

Nvidia holdings disclosure pumps up shares of small AI companies

Business
Jessica Roberts

With the exception of Arm, which topped $130 billion in market cap recently, shares of the Nvidia-backed companies soared on Thursday following ...

Bezos Sells $4 Billion of Amazon Stock in Four Trading Days

Business
Jessica Roberts

(Bloomberg) — Jeff Bezos didn’t wait long to start cashing in on Amazon.com Inc.’s rally to start the year. Most Read from ...