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Investing
Coinbase sees trading volume continue to fall, but revenue beats expectations
Coinbase Global Inc. saw revenue rise by more than what was expected in its latest quarter, but trading volumes continued to decline. The company logged a…
The Dow soars more than 560 points as markets bet the Fed is done with rate hikes
US stocks soared higher again on Thursday as investors bet that the Federal Reserve’s current round of economically painful rate hikes might…
Apple ‘investing quite a bit’ in generative AI, but its CEO is being tight-lipped
Apple Inc. Chief Executive Tim Cook says his company is “investing quite a bit” in generative artificial intelligence, the AI technology popularized by…
Amazon algorithm juiced prices, cost US consumers $1 billion, new FTC lawsuit documents allege
When the Federal Trade Commission and 17 states sued Amazon for antitrust violations this fall, a heavily redacted portion of the lawsuit…
Live Nation says it believes DOJ is in ‘mid-stages’ of investigation, following its ‘strongest quarter ever’
Ticketmaster parent and concert-venue operator Live Nation Entertainment Inc. on Thursday said it believed the Justice Department’s investigation into its…
Walgreens is cancelling corporate bonuses as big pharmacies face increasing difficulties
As financial pressures mount on Walgreens, the nation’s largest drugstore chain, the company said it will cancel bonuses this year for its…
Blockbuster weight-loss drugs boost pharmaceutical companies Novo Nordisk and Eli Lilly
As prescriptions for weight-loss and diabetes drugs skyrocket, so too has revenue for drugmakers Novo Nordisk and Eli Lilly.
On…
Jeff Bezos moving from Seattle to Miami — and his two new mansions there
After nearly 30 years in Seattle, Amazon.com Inc. founder Jeff Bezos is moving to Miami. In an Instagram post Thursday night, the billionaire said he’s…
First UAW vote at Ford is overwhelmingly in favor of ratifying deal
The first United Auto Workers union vote by rank-and-file members was 82% in favor of the tentative labor deal that ended the union’s strike…