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Amazon is closing all of its Amazon Go and Amazon Fresh locations and increasing its focus on Whole Foods Market, the company announced Tuesday. Amazon said it plans to convert some of the locations into Whole Foods Market locations. The company currently operates 57 Amazon Fresh stores and 15 Amazon…
Disney’s ongoing carriage dispute with YouTube TV is costing the entertainment giant tens of millions of dollars per week, according to an analysis by a Wall Street leader. YouTube TV customers have lost access to ABC and ESPN amid the dispute with Disney, the parent company of those media brands, with the…
Toyota announced Wednesday it has officially begun production at its new $13.9 billion battery manufacturing plant in North Carolina, while committing an additional $10 billion to bolster its U.S. manufacturing over the next five years. The 1,850-acre facility in Liberty, North Carolina, marks the automaker’s first battery plant outside Japan…
Legendary investor Warren Buffett on Monday published a letter to shareholders letting them know he will be handing off the duties of writing Berkshire Hathaway’s annual report and speaking at shareholder meetings to his successor, Greg Abel. Buffett, the 95-year-old chairman and CEO of Berkshire Hathaway, wrote that, “I will no longer…
The fate of Tesla CEO Elon Musk’s proposed $1 trillion pay package will be in the balance on Thursday as shareholders vote on whether to approve the historic compensation plan. Under the pay plan, which was proposed in September, Musk would receive up to about 12% of Tesla’s stock, which would be…
Jeep is recalling more than 320,000 plug-in hybrid SUVs in the U.S. after discovering a potential fire risk linked to 19 incidents, urging owners to stop recharging the vehicles and park them away from buildings until repairs are made. The recall affects certain 2020–2025 Jeep Wrangler 4xe and 2022–2026 Jeep…
Amazon shares touched a record high Friday, rising over 9%, after strong quarterly results that were driven by its growing cloud business – AWS—which saw a double-digit jump in sales to $30 billion. Ticker Security Last Change Change % AMZN AMAZON.COM INC. 244.22 +21.36 +9.58% “AWS is growing at a…
The dominant narrative around President Trump’s pardon of Binance founder Changpeng Zhao (“CZ”) is one word: corruption. You can see it in the talking points: Rep. Maxine Waters: “The pardon… a blatant example of pay-to-play corruption.”Tommy Vietor: “Trump’s crypto company made a multi-billion-dollar deal in partnership with Binance, so Trump…
Shares of Fox Corporation hit an all-time high intraday Thursday after the media giant posted a record first quarter for advertising revenue. The parent company of Fox News and FOX Business reported its quarterly revenues were $3.74 billion in the first quarter of the company’s fiscal year 2026, which ended…
Tom Hayes, the former British trader jailed over the Libor interest rate scandal, has filed a $400 million lawsuit against UBS, alleging “malicious prosecution and corporate scapegoating” by his former employer, according to court documents seen by FOX Business. Hayes’ complaint was lodged Monday in a Connecticut Superior Court and…
PayPal on Tuesday became the first payments platform to embed its digital wallet into OpenAI’s ChatGPT. Shares of the San Jose, California-based company climbed in Tuesday morning trading after the company announced that it is going to adopt the Agentic Commerce Protocol (ACP) to expand payments and commerce in ChatGPT,…
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