President-elect Donald Trump at a viewing of a test-flight launch of the SpaceX Starship rocket in Brownsville, Texas, Nov. 19, 2024. Brandon Bell | Getty Images News | Getty Images As Inauguration Day nears, investors are trying to unravel what booms or busts lay ahead under President-elect Donald Trump. Trump’s campaign promises — from tariffs … Read more
PayPal Inc. co-founder and Affirm’s CEO Max Levchin on center stage during day one of Collision 2019 at Enercare Center in Toronto, Canada. Vaughn Ridley | Sportsfile | Getty Images LONDON — Buy now, pay later firm Affirm launched Monday its installment loans in the U.K., in the company’s first expansion overseas. Founded in 2012, Affirm … Read more
In 2012, Amazon founder Jeff Bezos was asked by TV host Charlie Rose whether his e-commerce company would ever venture into brick-and-mortar stores. Bezos said shoppers were well-served by existing physical retailers and that Amazon wasn’t interested in launching a “me-too” product. “We want to do something that’s uniquely Amazon,” Bezos said. “If we can … Read more
Internet investing firm Prosus NV has fully cut its stake in Chinese online travel agency company Trip.com in a US$743 million block trade, according to people familiar with the matter, becoming the latest international investor to exit a Chinese tech company. Prosus sold 14.5 million shares in Trip.com at US$51.40 each in a block trade … Read more
An Amazon delivery drone is on display at Amazon’s BOS27 Robotics Innovation Hub in Westborough, Massachusetts, on Nov. 10, 2022. Joseph Prezioso | AFP | Getty Images Amazon and six other organizations have been selected to take part in a trial looking at expanding the use of drones in the U.K. The country’s Civil Aviation … Read more
DETROIT – General Motors is indefinitely delaying production of its Origin autonomous vehicle as its embattled Cruise self-driving unit attempts to relaunch operations. The Detroit automaker said Tuesday its majority-owned robotaxi unit will instead focus on using the next-generation Chevrolet Bolt for development of autonomous vehicles. Cruise has been using now-discontinued Bolts for autonomous vehicle … Read more
An Amazon driver delivers packages in Washington, D.C., on Aug. 27, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images When Brandon Fishman ran a discount on his vitamin-infused coffee for Target‘s weeklong deals event, he wasn’t worried about how it would affect his business on Amazon. He certainly didn’t expect his sales there … Read more
DETROIT – General Motors’ Cruise autonomous vehicle unit on Tuesday announced former Amazon and Microsoft executive Marc Whitten as its new CEO. Whitten was a founding engineer at Microsoft’s Xbox before leaving the company after more than 17 years to become chief product officer of audio company Sonos in 2014, according to his LinkedIn profile. … Read more
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Walmart’s hometown of Bentonville, Arkansas has become a boomtown with many amenities you might expect to find in New York or San Francisco – fancy restaurants, craft cocktails, bike paths and a world-class art museum. The town has more cranes per capita … Read more
An Amazon worker delivers packages on Cyber Monday in New York, US, on Monday, Nov. 27, 2023. Stephanie Keith | Bloomberg | Getty Images Amazon is offering Prime members free Grubhub subscriptions in its latest effort to sweeten the perks of the $139-a-year loyalty program. The e-commerce giant previously gave Prime members a yearlong subscription … Read more
