Amazon CEO Andy Jassy has told employees to either comply with the company's return-to-office plan or consider finding employment elsewhere, reflecting Amazon's pressure on US office staff to report to a physical office at least three days a week.
New regulations in New York City require hosts on Airbnb to file a registration application and meet certain requirements to rent homes for less than 30 days, resulting in thousands of listings potentially being removed from the platform. Airbnb has filed a lawsuit against the law, claiming it is a "de facto ban" on short-term rentals.
Softbank-owned chip designer Arm is targeting a $52 billion IPO in September, with tech giants like Apple, Nvidia, Samsung, and Google expected to invest, potentially marking a turning point for the sluggish IPO market.
Walmart is asking its pharmacists to take voluntary pay cuts and reduce working hours, in an effort to cut costs and address the drag on profits caused by high-priced weight-loss drugs and an opioid-related legal settlement.
AMC Entertainment plans to sell 40 million new shares to raise funds, causing its stock to drop by 23%.
WeWork CEO David Tolley announces that the company is undergoing a global effort to renegotiate leases and exit underperforming locations in order to improve its financial situation and remain operational.
Instacart, the on-demand grocery delivery giant, has finally filed for its highly anticipated IPO, revealing impressive revenue growth and profitability in recent years.
The American venture market has been experiencing a significant decline in technology IPOs, but the recent filings of public-offering paperwork by Instacart and Klaviyo stand out as important milestones in a market that has seen a lack of startup exits for over 1.5 years.
Toyota is releasing a new luxury SUV called the Century, which is Japan's equivalent to the Rolls-Royce Cullinan, with a projected sales of only 30 units per month and a price tag of $170,000.
Apple has secured a long-term deal with Arm, ensuring access to the Arm architecture used in its iPhone and Mac chips through 2040 and beyond.
Best Buy's sales and profits declined in Q2 due to a pullback in consumer spending, but the decline was smaller than expected, and shares rose as profits exceeded expectations; the company anticipates stabilization and possible growth in the consumer electronics industry next year as shoppers look to upgrade their gadgets.
Sam Bankman-Fried, founder of bankrupt cryptocurrency exchange FTX, has lost his bid to be released from jail ahead of his criminal trial over the collapse of FTX.
Roku plans to lay off 10% of its workforce, reduce expenses, and raise its revenue and EBITDA guidance for the third quarter, as the streaming software company aims to improve its operating expense growth rate and attract more investors.
Apple now supports a California bill that mandates electronic and appliance manufacturers to offer repair tools and services to product owners, even after the warranty period ends, in order to enhance repair accessibility and protect consumer safety, security, and privacy.
The Biden administration is set to announce the first 10 prescription drugs selected for Medicare price negotiations, marking the start of direct negotiations between drugmakers and Medicare over drug prices.
Gold and silver prices are trading near unchanged in quieter early U.S. trading as investors await the release of key economic reports, including the jobs report for August, while Asian and European stock markets edge higher and the U.S. dollar index strengthens slightly.
A pet food company has issued a voluntary recall of one lot of Victor Super Premium Dog Food due to potential salmonella contamination.
A 26-year-old man named Kevin McGrath has been missing for over two days after disappearing from a Carnival cruise ship in Miami, prompting an extensive search by authorities.
Mitchell Gold + Bob Williams, a home furnishings manufacturer and retailer, is closing its doors after 34 years due to a lack of financing, joining other upscale furniture manufacturers impacted by the slump in the furniture business caused by the pandemic.
Two passengers were escorted off an Air Canada flight after refusing to sit in seats that were wet and soiled with vomit, prompting the airline to conduct an internal review and apologize to the affected customers.
JetBlue plans to potentially increase airfares by up to 40% on specific routes if its merger with Spirit Airlines is given the green light, according to court documents.
Comcast and Disney have agreed to expedite the sale of Hulu, with the proceeds being used for buybacks, according to Comcast.
European manufacturers, such as Volkswagen, have an advantage over Chinese EV makers due to their vehicle know-how, quality, and brand legacy, according to VW CEO Oliver Blume.
The United States Transportation Department has fined American Airlines $4.1 million for violating tarmac delay laws by keeping passengers on board during extended ground delays, marking the largest fine issued against an airline since the implementation of tarmac rules a decade ago.
A potential worker strike by the United Auto Workers (UAW) union could pose a significant threat to the progress and profits of major automakers such as GM and Ford, potentially leading to production delays and increased costs for the companies.
The Federal Reserve aims for a "soft landing" in guiding the US economy by raising interest rates to control inflation while avoiding a recession, with signs of stabilization appearing in Jackson Hole's economy as supply chains normalize and pricing pressures ease.
Nordstrom CEO Erik Nordstrom expressed concern over "historical losses" from shoplifting, as the retailer reported an 8.3% drop in sales in the second quarter and joins other major retailers facing similar issues.
ERCOT, the Electric Reliability Council of Texas, has ended its four-day streak of asking Texans to conserve energy as temperatures have returned to normal and the grid held up without rolling blackouts, although the decision to import 800 megawatts of energy from outside the state has raised concerns about the long-term sustainability and cost of such a solution.
Google will require political advertisers to disclose the use of artificial intelligence tools and synthetic content in their ads, becoming the first tech company to implement such a requirement.
U.S. stocks fell as oil prices reached a 10-month high, raising concerns about inflation and its impact on the economy; tech mega caps stumbled, leading to losses in the Nasdaq, S&P 500, and Dow Jones Industrial Average.
Vietnamese carmaker VinFast's market capitalization has surged to over $190 billion, surpassing that of Ford, General Motors, and Chrysler Stellantis combined, but short-seller Jim Chanos considers it a meme stock driven by retail investor frenzy rather than solid fundamentals.
Chinese hackers stole a signing key from a Windows crash dump and used it to breach government email accounts, including those of the U.S. State and Commerce Departments, by exploiting a zero-day validation issue in Microsoft's Exchange Online and Azure Active Directory.
Donald Trump's Truth Social received a lifeline as a blank-check company agreed to extend the merger deadline, potentially infusing the social media platform with $290 million and $1 billion from private investors.
Rite Aid's stock plummeted over 50% after reports of the retail pharmacy's preparation to file for Chapter 11 bankruptcy due to increasing costs from opioid lawsuits and potential store closures, with the company's stock losing 90% of its value over the past year.
Wendy's is introducing a new Pumpkin Spice Frosty and Pumpkin Spice Frosty Cream Cold Brew for a limited time, satisfying fall cravings with familiar flavors of pumpkin and warm spices.
The U.S. auto safety regulator has demanded an explanation from Tesla for a software change in its Autopilot system that allows drivers to keep their hands off the wheel for longer, raising concerns about driver inattention and collisions.
The chair of the House of Representatives' committee on China has called for the U.S. Commerce Department to halt all technology exports to Huawei and China's top semiconductor firm, SMIC, after the discovery of new chips in Huawei phones that may violate trade restrictions.
A new study reveals that forest carbon offsets, a popular method for reducing carbon emissions, may not be as effective as claimed, with 94% of offset credits generating less carbon reduction than advertised.
Nvidia has emerged as the clear leader in AI chip sales, with its Data Center revenue quadrupling over the last two years and estimated to hold over 70% of the market share, while AMD has shown slower growth and Intel has struggled to gain market share in AI chips.
Unifor, the Canadian autoworkers union, has selected Ford Motor Co. as the automaker to negotiate a new labor contract with, pausing negotiations with General Motors and Stellantis, with hopes of reaching a deal by September 18.
The European Union has designated Alphabet, Amazon, Apple, ByteDance, Meta, and Microsoft as the first tech "gatekeepers" that must comply with strict new rules under the Digital Markets Act, which includes regulations on favoritism and interoperability, with potential fines of up to 10 percent of global turnover for non-compliance.
Gold and silver prices rise to three-week and four-week highs respectively, driven by weaker-than-expected U.S. economic data and a decline in the U.S. dollar index.