Amazon plans to open 1,500 warehouses in US suburbs
By Fickenscher Amazon aims to open as many as 1,500 small warehouses across the US — many of them in suburban locations — as it raises the stakes in its …
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Shares of Buffett-backed Snowflake soar in NYSE debut
By Alan Warren Buffett-backed Snowflake’s shares more than doubled in value in a volatile debut on the New York Stock Exchange on Wednesday, after the cloud-based data warehouse company raised …
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YouTube unveils short-form video ‘Shorts’ to compete with TikTok
By Steigrad YouTube is rolling out a short-form video feature called “YouTube Shorts” to compete with the popular social media platform TikTok. YouTube said Monday that YouTube Shorts — set …
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Daimler to pay $1.5 billion to settle emissions cheating probes
By Nicole Automaker Daimler and subsidiary Mercedes-Benz USA have agreed to pay $1.5 billion to the US government and California state regulators to resolve emissions cheating allegations, officials said Monday. …
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Amazon accused of price-gouging for essentials during COVID-19
By Manskar A watchdog group accused Amazon of jacking up prices for essential goods it sold directly to consumers during the coronavirus pandemic, even though the company has blamed spikes …
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Ron Perelman looking to sell massive Hamptons estate for $180M
By Jeniffer The billionaire businessman behind Revlon is entertaining offers for his Hamptons property known as “The Creeks” for around $180 million, sources familiar with the situation said. A Perelman …
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Apple has developed a COVID-19 mask for its retail employees
By Vega Forget the iPhone 12, Apple’s hottest new product is a face mask. The iPhone maker has reportedly created its first face mask designed in-house, and is beginning to …
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AstraZeneca COVID-19 vaccine could be ready this year despite study halt
By Manskar AstraZeneca’s coronavirus vaccine could still be ready this year even though it had to halt a key clinical study after a participant got sick, CEO Pascal Soriot said …
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JPMorgan probing alleged misuse of coronavirus relief funds by staff
By Mcenery Jamie Dimon capped off the long Labor Day weekend by warning employees who participated in illegal coronavirus loans that he’s on to them. “We are so grateful for …
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Uber promises every vehicle will be electric by 2040
By Jason Uber on Tuesday said every vehicle on its global ride-hailing platform will be electric by 2040, and it vowed to contribute $800 million through 2025 to help drivers …
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Amazon bans foreign seed sales amid Chinese packet mystery
By Manskar Amazon has banned foreign merchants from selling seeds and plants to US customers while officials investigate the Chinese seed packets that were mysteriously delivered to Americans. The e-commerce …
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For first time, a woman to head Canada’s Space Agency
By Joel OTTAWA — For the first time in its 31-year history, the Canadian Space Agency will have a female president. The government announced Thursday that longtime public servant Lisa …
Read More For first time, a woman to head Canada’s Space Agency
By Joel OTTAWA — For the first time in its 31-year history, the Canadian Space Agency will have a female president. The government announced Thursday that longtime public servant Lisa …
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Pentagon says Microsoft won $10B contract over Amazon fair and square
By Vega The Department of Defense on Friday reiterated its stance that Microsoft was the best recipient of its $10 billion cloud-computing contract, dealing a blow to Jeff Bezos’ industry …
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Malaysia drops criminal charges against Goldman Sachs over 1MDB bond sales
By Sarah Malaysian prosecutors on Friday withdrew criminal charges against three Goldman Sachs units accused of misleading investors over $6.5 billion in bond sales they helped organize for a state …
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Saks sues its Bal Harbor Shops landlord for defamation
By Lisa The gloves are off between Saks Fifth Avenue and its landlord at the tony Bal Harbor Shops in Miami. The luxury department store sued the shopping center and …
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MacKenzie Scott, ex-wife of Jeff Bezos, is the world’s richest woman
By Vega MacKenzie Scott has captured the title of richest woman on earth just days after ex-husband Jeff Bezos became the world’s first $200 billion man. Scott — who earlier …
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China adopts new rules that thwart TikTok sale ahead of US ban
By Manskar China appears to be wrapping TikTok in red tape in an effort to thwart President Trump’s order to divest the video-sharing app’s US operations from its Chinese parent …
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GameStop shares soar 27 percent on Chewy.com founder’s stake
By Lisa Shares of GameStop shares jumped more than 27 percent on Monday after it emerged that the founder of pet food company Chewy.com took a stake in the video …
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Apple terminates ‘Fortnite’ maker’s App Store developer account
By Vega In a major blow to maker of “Fortnite”, Apple has terminated the developer account of Epic Games, yanking all of the company’s titles from its App Store. The …
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