Year: 2026
Amazon ditches Rufus chatbot, launches Alexa shopping agent in AI strategy pivot
An Amazon device is displayed at an Amazon Devices launch event in New York City on Feb. 26, 2025. Brendan McDermid | Reuters Amazon is axing its Rufus chatbot and making its Alexa assistant the centerpiece of its artificial intelligence shopping strategy. The company on Wednesday launched Alexa for Shopping, an e-commerce bot that can […]
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Trump arrives in Beijing with CEOs ahead of Xi meetings
U.S. President Donald Trump participates in an arrival ceremony at Beijing Capital International Airport during his visit to the country, in Beijing, China, May 13, 2026. Evan Vucci | Reuters U.S. President Donald Trump has landed in Beijing for a highly anticipated presidential summit with his Chinese counterpart, Xi Jinping. Trump is being accompanied on […]
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Stocks making the biggest moves premarket: Alibaba, EchoStar, Micron & more
Check out the companies making the biggest moves premarket: EchoStar — Shares rose nearly 4.5% after the Federal Communications Commission approved the company’s $40 billion sale of wireless spectrum to AT & T and SpaceX. The company is selling 50 megahertz of its spectrum to AT & T and 65 megahertz to SpaceX. Alibaba — […]
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‘Bond markets on edge’ as King Charles sets out fragile UK government’s agenda
U.K. Prime Minister Keir Starmer. Wpa Pool | Getty Images News | Getty Images Britain’s King Charles III set out the agenda of a fragile U.K. government on Wednesday after Prime Minister Keir Starmer faced down calls for his resignation that sparked heavy selling pressure on gilts in the previous session. The State Opening of […]
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Jim O’Neill: 4 lessons the U.K. must learn from bond markets after gilts sell-off
Alexander Spatari | Moment | Getty Images Britain faces among the highest borrowing costs of any developed nation — but bond markets offer 4 key lessons the government can embrace to remedy the issue, according to former U.K. Treasury minister Jim O’Neill. Speaking on CNBC’s Squawk Box Europe, the former economist and Goldman Sachs asset […]
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Gas tax holiday as Trump promises? Not so fast, trucking, construction industries say
Opposition to President Donald Trump’s plan for a gas tax holiday to ease cost-of-living concerns is coming not just from his political foes, but also from the Republican-leaning trucking and construction sectors. Those industries rely heavily on the road and transportation infrastructure projects funded by the federal gas and diesel taxes. “A gas tax holiday […]
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Alibaba’s core profit plunges 84% even as AI and cloud growth accelerate
Jaap Arriens | Nurphoto | Getty Images Alibaba on Wednesday said its core profitability plunged in the March quarter amid heavy investments in tech and e-commerce. The Chinese tech giant said its adjusted earnings before interest, taxes, and amortization, a measure of the company’s underlying profitability, came in at 5.1 billion Chinese yuan ($750.9 million). […]
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China’s Tencent sees boost from gaming, AI demand even as revenue comes in weaker than expected
Chinese tech giant Tencent on Wednesday reported revenues rose 9% in its first-quarter 2026 earnings, but missed analyst expectations. Here’s how Tencent did in its first-quarter earnings for 2026, compared to LSEG analyst forecast data: Revenue: 196.5 billion Chinese yuan, compared to estimates of 199 billion Chinese yuan. This is breaking news. Please refresh for […]
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Stellantis’ Leapmotor partnership points to a wider — and riskier— industry gamble
Eric Haan, director of the Stellantis Poissy plant, poses for a portrait next to cars at the Stellantis multinational car manufacturer’s plant in Poissy, west of Paris, on April 15, 2026. Simon Wohlfahrt | Afp | Getty Images LONDON — A recent tie-up between Jeep maker Stellantis and China’s Leapmotor is seen as a watershed […]
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Jamie Dimon warns JP Morgan may rethink new London office if ‘very smart’ Starmer is ousted as UK PM
JPMorgan CEO Jamie Dimon attends an interview with Reuters in Detroit, Michigan, U.S., Nov. 5, 2025. Emily Elconin | Reuters JP Morgan may reconsider a planned multibillion-dollar office tower in London if U.K. Prime Minister Keir Starmer is ousted, the bank’s CEO Jamie Dimon said on Wednesday. Speaking to Bloomberg in Paris, the head of […]
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