Washington, D.C.’s attorney general sued Amazon on Wednesday, accusing the company of covertly depriving residents in certain ZIP codes in the nation’s capital from access to Prime’s high-speed delivery. The lawsuit from AG Brian Schwalb alleges that, since 2022, Amazon has “secretly excluded” two “historically underserved” D.C. ZIP codes from its expedited delivery service while … Read more
Low-angle view of sign with logo on facade of technology company Pure Storage in the Silicon Valley town of Mountain View, California, October 28, 2018. Smith Collection/gado | Getty Images Pure Storage shares rallied after announcing a contract with an unnamed “top four” AI hyperscaler in tandem with its fiscal third-quarter results. The shares were … Read more
Foot Locker store location on 34th street in New York City. Courtesy: Foot Locker Foot Locker slashed its full-year guidance on Wednesday after reporting a rough set of quarterly results that could be a warning sign for its largest brand partner Nike. The sneaker giant fell short of Wall Street’s expectations on the top and … Read more
An attendee holds pamphlets at the Albany Job Fair in Latham, New York, US, on Wednesday, Oct. 2, 2024. Angus Mordant | Bloomberg | Getty Images Private payrolls growth was less than expected in November, reflecting a slowing labor market, according to a report Wednesday from ADP. Companies added 146,000 on the month, below the … Read more
Presidential candidate and Florida Governor Ron DeSantis speaks to a crowd on June 2, 2023 in Gilbert, South Carolina. Sean Rayford | Getty Images President-elect Donald Trump is considering replacing embattled defense secretary choice Pete Hegseth with Florida Gov. Ron DeSantis, according to two sources familiar with the decision-making. DeSantis is “very much in contention,” … Read more
Prospective buyers attend an open house at a home for sale in Larchmont, New York, US, on Sunday, Jan. 22, 2023. Tiffany Hagler-Geard | Bloomberg | Getty Images Potential homebuyers are responding to lower mortgage rates and a higher supply of homes for sale. That fueled mortgage demand last week, as consumers looking to refinance … Read more
Don’t be surprised if Roku gets scooped up by a competitor in 2025, according to Needham. “The top 6 reasons to acquire Roku (our view) include its installed base, unique data sets, pricing power, shelf space, buy vs build advantages, and the fact that it’s now the only scaled CTV platform that can be purchased,” … Read more
Employees work on Buick Envision SUVs at General Motors’ Dong Yue assembly plant, officially known as SAIC-GM Dong Yue Motors Co., Ltd., on Nov. 17, 2022, in Yantai, Shandong Province of China. Tang Ke | Visual China Group | Getty Images DETROIT – General Motors expects a restructuring of its joint venture operations with SAIC … Read more
Wall Street is turning more bullish on shares of Marvell Technology in the wake of a strong earnings report. Shares popped more than 13% in the premarket after the integrated circuit maker surpassed third-quarter estimates after the bell Tuesday and issued upbeat revenue guidance. The findings prompted a slew of Wall Street firms to lift … Read more
The Good Brigade | DigitalVision | Getty Images Older Americans have just a few days left to evaluate their Medicare coverage for next year. Medicare’s annual open enrollment period for health plans and prescription drug coverage runs until Dec. 7. Experts say it’s worthwhile for Medicare’s 67.8 million beneficiaries to make sure they have the … Read more