The Biden administration has canceled its plan to purchase three million barrels of oil for the Strategic Petroleum Reserve due to increasing prices, despite the reserve being depleted by 43% since President Biden took office.
Amazon's Just Walk Out technology, which allows customers to bypass traditional checkouts, relies heavily on around 1,000 workers in India who review the sales transactions, despite being promoted as powered by computer vision.
Microsoft and Quantinuum have developed a highly reliable quantum computing system that could bring us closer to practical quantum computing, with an error rate 800 times better than relying on physical qubits alone.
Spotify plans to raise the price of its paid-subscription service in several overseas markets and later in the U.S., following a boost in its stock price, as the company seeks to cover the cost of audiobooks and improve profitability.
Shares of Ulta Beauty plunged as executives flagged a slowdown in demand and intense competition, causing a drop in their stock as well as other beauty companies such as elf Beauty, Coty, and Estee Lauder.
GE Aerospace, formerly General Electric, saw its shares rise 6% after receiving positive updates from Wall Street analysts, indicating bullish prospects for the company in the aerospace and defense industry.
The Federal Communications Commission (FCC) plans to restore net neutrality, implementing Obama-era rules, with a vote scheduled for later this month.
JetBlue has implemented dynamic pricing for checked bag fees, with prices ranging from $35 to $60 for the first checked bag depending on factors such as flight date and JetBlue member status, and peak season pricing applying to certain dates.
The MTA is demanding $750,000 from New York City Marathon organizers to make up for toll revenue lost during the race, threatening to restrict use of the Verrazano-Narrows Bridge if they don't comply.
Activist investor Nelson Peltz is expected to be defeated in his bid for board seats at Walt Disney Co., as voting results indicate support for the company's existing board.
Job switchers in 2024 are experiencing a higher median pay increase of 10% compared to the 5.1% increase for those who stayed in their jobs, according to new data from ADP, indicating a strong jobs market; however, economists are cautious about the potential impact on inflation and the Federal Reserve's ability to quickly cut interest rates.
Tesla's first-quarter earnings report, which revealed a 20 percent drop in deliveries, has raised concerns among analysts who anticipate the beginning of the end for the electric car maker, predicting it could go bust due to increased competition, slowing demand, and a perceived lack of new models.
Two individuals, Michael Shvartsman and Gerald Shvartsman, have pleaded guilty to securities fraud after making over $22 million in illegal profits by trading in advance of the announcement that Digital World Acquisition Company was going to merge with former President Donald J. Trump’s Media Company.
Costco has partnered with healthcare firm Sesame to offer a $179 three-month weight loss program, which includes prescriptions for weight loss drugs such as Ozempic, with the possibility of losing 5-15% body fat within a year. Non-members can also sign up for $195.
Spotify plans to increase its prices by $1 to $2 per month in several markets, including the UK, Australia, and Pakistan, with the US to follow later this year, as it introduces a new basic tier that offers music and podcasts at the current price of $11 per month for individual premium plans.
Chinese EV maker Nio faces challenges due to weaker-than-expected sales, increased competition, and limited product launches, leading to a decrease in its stock price and a negative rating from Barclays analyst Jiong Shao.
Intel stock fell by 7% after the chipmaker revealed worse-than-expected financials for its foundry business, raising doubt among analysts about its near-term prospects.
Starbucks has increased its menu prices in California in response to the state's new $20 minimum wage mandate for fast-food workers, causing frustration among both customers and baristas.
Senator Rick Scott criticizes the Biden administration for the decision to cut Medicare Advantage benefits, stating that it will negatively impact Florida seniors on fixed incomes and introducing his Protect Our Seniors Act to preserve and protect Social Security and Medicare benefits.
Shares in General Electric's aerospace division, GE Aerospace, rose by 11.9% in March ahead of the successful spinoff of GE Vernova, indicating positive prospects for the new aerospace and defense company.
Elon Musk supports activist investor Nelson Peltz in his proxy fight with Disney, stating that Peltz would help improve the company and benefit shareholders, and claiming that he would purchase Disney shares if Peltz wins a board seat.
Climate-related disasters are driving up home insurance costs in the US, potentially forcing homeowners out of states with high premiums and making it harder for them to find coverage, according to a recent report by Insurify.
Police in northeast Ohio are seeking assistance in locating a Burger King customer who pointed a gun at a drive-thru employee after the worker attempted to give the man a discount.
The Department of Energy has canceled its plans to refill the U.S. Strategic Petroleum Reserve due to rising oil prices, aiming to protect taxpayer interests and monitor market conditions for future refills.
Costco Wholesale has expanded its partnership with online healthcare services provider Sesame to offer weight-loss programs, including prescription drugs, to its members, with a three-month subscription costing $179.
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Quantinuum, a quantum computing startup, and Microsoft have achieved a significant milestone in quantum error correction, but Microsoft stock remained unaffected by the news.
Bitcoin Exchange-Traded Funds (ETFs) saw a significant surge in trading volume in March, reaching $111 billion, highlighting the growing interest and investment in Bitcoin vehicles.
Rivian's Q1 vehicle deliveries exceeded estimates, but its shares fell as it fell short on production numbers, with analysts divided on the company's prospects.
Amazon is laying off hundreds of employees in its cloud division, impacting sales, marketing, and tech workers, as part of its ongoing cost-cutting campaign.
Wall Street analysts are cutting their price targets on Tesla shares after the EV maker reported disappointing first quarter delivery numbers, citing concerns about y/y declines in deliveries, structural risks to the China outlook, and risks posed by the current political cycle.
Amazon is phasing out its checkout-less grocery stores with "Just Walk Out" technology, replacing it with Dash Carts and self-checkout counters, as the company aims to expand its presence in the supermarket industry.
Patrick Whitesell, executive chairman of WME parent Endeavor, is launching a new media company backed by Silver Lake as part of the private-equity firm's deal to take Endeavor private, with Silver Lake investing $250 million of seed equity into the new business.
Intel shares dropped nearly 7% after revealing significant losses in its contract chip-making business, indicating that it may take several years for the company to catch up with the profitability of its rival Taiwan Semiconductor Manufacturing Co.
Millions of AT&T customers are at risk of having their data exposed on the dark web, including personal information such as Social Security numbers and addresses.
Spotify is increasing its subscription prices by $1 to $2 a month in certain markets to fund the addition of audiobooks, although a basic tier for music-only users is reportedly being developed.
A new study reveals that buyers need a six-figure income to afford a home in nearly half of the states, and experts predict that the situation won't improve soon due to low housing supply and high mortgage rates.
Amazon is replacing its Just Walk Out technology with smart carts in its Amazon Fresh stores, allowing customers to skip the checkout line while also being able to view their receipts and savings in real time.
US stocks slipped Wednesday morning as investors awaited a speech by Federal Reserve Chair Jerome Powell for signals on the future of interest rates, with concerns growing that the momentum of the stock market rally may be coming to an end.
Amazon founder Jeff Bezos has purchased a $90 million property on Miami's Indian Creek Island, bringing his total number of properties on the island to three, and intends to live in the mansion while demolishing his other two abodes.
Spotify is planning to increase its subscription prices by $1 to $2 per month to cover the cost of adding audiobooks to its service, with the increase starting first in markets such as the UK and Australia, and later in the United States.
Americans' best guess of the amount they need to retire comfortably has increased by 15% to $1.46 million, according to a new survey, but the average retirement savings is only $88,400.
Hiring by US companies exceeded expectations in March, with the addition of 184,000 jobs, marking the strongest month for job creation since July and indicating a resilient labor market amidst higher interest rates.
UBS analysts have raised their price target on Intel's stock from $46 per share to $50 per share, implying a potential upside of nearly 14% over the next 12 months, citing promising opportunities in chip fabrication services despite concerns about Intel's position in artificial intelligence and other growth segments.
China's BYD has surpassed Tesla as the world's leading manufacturer of electric vehicles (EVs) in terms of global sales of pure-play electric cars, although the two companies remain in close competition, with Tesla regaining its lead in the first quarter of 2024.
Microsoft and Quantinuum have made a major breakthrough in quantum error correction, running over 14,000 error-free experiments using a qubit-virtualization system and ion-trap hardware, which represents a significant step towards stable and resilient quantum computing.
Disney has won enough shareholder votes to defeat Nelson Peltz's Trian Partners hedge fund in the proxy fight, according to anonymous sources.
Former President Donald Trump has sued two co-founders of Trump Media & Technology Group Corp., Andy Litinsky and Wes Moss, claiming they made costly mistakes and don't deserve their stake in the company.
Restaurants such as Taco Bell, Baja Fresh, El Pollo Loco, Moe's Southwest Grill, and others are offering deals and promotions on National Burrito Day, which falls on April 4th.
Toyota's focus on hybrid power pays off as sales of its hybrid cars in the U.S. increase by 57 percent, contributing to a 23 percent rise in overall Toyota sales for the first quarter of 2024. Meanwhile, General Motors experiences a 1.5 percent drop in sales despite gains in the truck segment, and Chinese electronics giant Xiaomi begins deliveries of its first electric car.
