Amazon plans to start including limited advertisements in its Prime Video streaming platform in early 2024, initially in the US, UK, Germany, and Canada, in order to continue investing in content, with other countries to follow later that year.
Dow Jones futures, S&P 500 futures, and Nasdaq futures all rose overnight, while the stock market correction continued with heavy losses as the 10-year Treasury yields surged, leading to the S&P 500 undercutting its August lows and the Nasdaq and Dow Jones coming close to doing the same.
Marketing automation company Klaviyo Inc achieved a valuation of $9.2 billion in its IPO after pricing its shares at $30 each, signaling a rebound in the U.S. IPO market.
Ford Motor and Canadian union Unifor have reached a tentative deal, avoiding labor strikes, covering 5,600 autoworkers in Ontario, Canada.
Delta Air Lines CEO, Ed Bastian, admitted that the airline "probably went too far" in restricting access to its SkyMiles reward program and lounges and plans to relax some of the restrictions in the coming weeks.
GameStop has named billionaire Ryan Cohen as its CEO and chairman in an effort to turn around the struggling videogame retailer and transition towards a more online-focused model.
Coffee houses across the United States are celebrating National Coffee Day by offering free cups of coffee, discounts on coffee subscriptions, and other promotions.
Mortgage rates have reached a 23-year high, causing a decline in homebuying demand and leading to a potential slowdown in the housing market.
Fitness companies Peloton and Lululemon have formed a five-year partnership, with Lululemon producing Peloton-branded fitness clothing and Peloton offering its streaming fitness classes in Lululemon's app, as the companies abandon their failed attempts to compete in each other's markets.
President Joe Biden's visit to a picket line and former President Donald Trump's rally highlight the increasing focus on workers' rights in US politics, signaling that labor issues will play a significant role in future elections, particularly in Michigan, and raising questions about the impact of the transition to electric vehicles on workers and the auto industry.
The United Auto Workers is considering further strikes against Ford, General Motors, and Stellantis as labor negotiations continue to stall.
A female flight attendant of American Airlines was found dead in a hotel room at Philadelphia International Airport under suspicious circumstances.
JPMorgan Chase has agreed to a settlement with the US Virgin Islands that includes a $75 million payment to resolve a lawsuit alleging that the bank enabled Jeffrey Epstein's sex-trafficking crimes and failed to report suspicious financial activity.
Rite Aid, the third-largest U.S. drugstore chain, is reportedly considering bankruptcy protection and may close 400 to 500 stores due to weak sales and a high debt load.
US home prices reached a new high in July, rising for the sixth consecutive month due to inventory shortages and increased competition, with the S&P Case-Shiller US National Home Price Index reporting a 0.6% monthly increase and a 1% increase over the past 12 months on a seasonally adjusted basis.
Shimano is recalling nearly 700,000 bonded 11-Speed Hollowtech Road cranksets due to a crash risk, with reports of injuries and complaints of cranksets separating.
McDonald's is raising royalty fees for new franchisees in North America for the first time in 30 years, with the fee being increased to 5% starting from January, in order to maintain its competitiveness.
Russia has halted gasoline and diesel exports to protect its domestic fuel supply and stabilize prices, potentially impacting global fuel prices and putting pressure on American consumers.
Tech startup Neuralink, owned by Elon Musk, has received FDA approval to conduct its first clinical trial, aiming to implant brain chips into humans in order to develop a brain-computer interface that grants people with paralysis the ability to control a computer using their thoughts alone.
The Walt Disney Co. plans to invest around $60 billion in its theme parks and cruise lines over the next decade, aiming to continue the growth of this successful business segment.
Amazon has announced another sale called Amazon Prime Big Deal Days, happening in October, which may offer discounts on PC gaming hardware.
Gold and silver prices are slightly higher in early US trading as short covering and a weaker US dollar support the metals; however, concerns over the US government shutdown and changing perceptions about interest rates continue to impact investor sentiment.
Wawa, an East Coast convenience store chain, announced plans to open 60 stores in Indiana over the next decade, with groundbreakings starting in mid-2024 and openings in mid-2025.
Iconic fine dining restaurant, The Signature Room at the 95th in Chicago, has permanently closed due to economic challenges resulting from the COVID-19 pandemic and the inability to renegotiate lease terms with the landlord.
SoftBank's Masayoshi Son is in talks with former Apple designer Jony Ive and OpenAI's Sam Altman to launch a $1 billion venture aimed at creating an AI device with a more natural and intuitive user experience, similar to the impact the iPhone had on touchscreen computing.
Costco's Chief Financial Officer suggests that a price increase for membership is likely in the future, although the timing is uncertain, with the last increase occurring in 2017; this comes as the company cracks down on unauthorized card-sharing among non-members.
Ford Motor's decision to pause construction of a battery facility in Michigan highlights the struggle faced by traditional auto makers amidst the ongoing auto workers strike.
Shop early during Amazon’s Prime Big Deal Days sale to score great deals on discounted outdoor furniture, including throw pillows, rugs, deck boxes, conversation sets, umbrellas, bistro sets, rocking conversation sets, Adirondack chairs, storage bench deck boxes, and patio furniture sets.
FTC Chair Lina Khan's lawsuit against Amazon aims to establish liability and promote more competition in the marketplace, rather than explicitly calling for the breakup of the tech giant.
The Federal Communications Commission (FCC) is working towards restoring net neutrality, a policy that requires broadband internet providers to treat all traffic equally, after its temporary demise in 2018. The move is being driven by the agency's newly appointed Democratic commissioner and aims to provide increased oversight and regulation to broadband providers.
Indonesia's Ministry of Trade is imposing regulations that prohibit e-commerce transactions on social media platforms, including TikTok and Facebook, in order to prevent the misuse of public data and protect local businesses, dealing a blow to TikTok's e-commerce ambitions in the country and benefiting competitors like Shopee.