Amazon.com Inc
Amazon surpasses Walmart in annual revenue for first time, as both chase AI-fueled growth
Signs for Walmart (L) and Amazon. Getty Images For the first time, Amazon has dethroned Walmart as the company with the largest annual revenue. Walmart on Thursday reported annual revenue of $713.2 billion for its most recent fiscal year, shy of Amazon’s $716.9 billion in revenue. The milestone was brewing for months, as Amazon leapfrogged […]
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New York Gov. Hochul drops robotaxi service proposal for outside NYC in blow to Waymo
Waymo autonomous taxis turns onto Post Street in San Francisco, California, US, on Wednesday, Dec. 17, 2025. David Paul Morris | Bloomberg | Getty Images New York Gov. Kathy Hochul has pulled a proposal that would have allowed commercial robotaxi services, like Alphabet‘s Waymo, to start in some parts of the state, according to her […]
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Walmart shares recover after initial drop post-earnings. Here’s why
Walmart’s post-earnings on Thursday decline was short-lived, with analysts and investors betting the company is being overly conservative with its forward guidance. The stock fell as much as 3.6% in the premarket after the retail giant gave disappointing earnings guidance for its current fiscal year. Walmart said it sees earnings per share in a range […]
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The NBA wants to embrace content creators without degrading its golden goose of live sports rights
The future of the NBA’s media strategy was taking shape at this year’s All-Star weekend. The fanfare has always been about showcasing the league’s best players. But this year, the event was as much about the league’s partnership with content creators as it was on-the-court talent. More than 200 global creators took part in the […]
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Walmart reports strong holiday growth, but earnings outlook falls short of estimates
Walmart said on Thursday that holiday-quarter sales rose nearly 6% and its quarterly earnings and revenue surpassed Wall Street’s expectations as gains in e-commerce, advertising and its third-party marketplace boosted its business. For the full current fiscal year, Walmart said it expects net sales to increase by 3.5% to 4.5% and adjusted earnings per share […]
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Stock futures are lower; Walmart earnings loom: Live updates
Traders work at the New York Stock Exchange on Feb. 18, 2026. NYSE Stock futures fell Thursday after the major averages posted a winning session. Investors also looked ahead to quarterly results from retail giant Walmart, due in the morning. Futures tied to the Dow Jones Industrial Average lost 183 points, or 0.4%. S&P 500 […]
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OpenAI and Anthropic’s rivalry on display as CEOs don’t hold hands at India AI summit
India’s Prime Minister Narendra Modi (L) takes a group photo with AI company leaders including OpenAI CEO Sam Altman (C) and Anthropic CEO Dario Amodei (R) at the AI Impact Summit in New Delhi on February 19, 2026. Ludovic Marin | Afp | Getty Images OpenAI’s Sam Altman and Anthropic’s Dario Amodei had an awkward […]
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Quantum’s big leap puts data centers in the spotlight
Microsoft’s Majorana 1 quantum computing chip Microsoft After decades confined largely to research labs, Quantum computing may be closer to its breakout moment than many on Wall Street expect. The technology, which uses the principles of quantum mechanics to solve problems beyond the ability of the most powerful classical supercomputers, has long been described as futuristic. But rapid advancements have […]
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CNBC Daily Open: Traders are betting for a rate cut — but a hike could be on the table
A worker steps down from a truck at the construction site of the Federal Reserve headquarters, after U.S. President Donald Trump renewed his threat to bring a lawsuit against Federal Reserve Chair Jerome Powell over Powell’s management of renovations of the building, in Washington, D.C., U.S., January 12, 2026. Kevin Lamarque | Reuters Most U.S. Federal […]
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Etsy stock pops 14% on sale of Depop to eBay for $1.2 billion
The Etsy Inc. headquarters in the Brooklyn borough of New York on June 25, 2024. Victor J. Blue | Bloomberg | Getty Images Etsy shares skyrocketed more than 14% in extended trading on Wednesday after the company announced eBay would acquire its secondhand clothing reseller Depop for about $1.2 billion in cash. The deal comes […]
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