Amazon.com Inc
AI startup Baseten raises $75 million following DeepSeek’s emergence
Baseten, a startup that runs artificial intelligence models for clients on their cloud infrastructure, has raised $75 million in funding, the company said Wednesday. The funding round values Baseten at $825 million and demonstrates that venture capitalists believe tech’s AI boom stands to benefit a plethora of startups, not just those building large language models. […]
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Top Wall Street analysts are optimistic about the potential of these 3 stocks
Inflation worries, tariffs under the Trump administration and earnings season could continue to keep the stock market volatile and rattle investor sentiment. Investors looking for attractive stock picks should focus on the ability of a company to navigate ongoing uncertainties and deliver strong returns over the long term. To this end, recommendations of top Wall […]
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Amazon workers reject union in vote at North Carolina warehouse
File: The Amazon distribution center in Garner, N.C. opened in August 2020. Across four floors, the warehouse covers 2 million square feet. Scott Sharpe | Tribune News Service | Getty Images Amazon workers at a facility near Raleigh, North Carolina, overwhelmingly voted against unionizing on Saturday. Of the 3,276 ballots cast, there were 2,447 votes […]
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Dan Sundheim’s D1 Capital sells Bank of America and Microsoft in the fourth quarter, buys 3M
Hedge fund D1 Capital sold some of its blue-chip positions during the fourth quarter and added some stocks that have been hot to start 2025, according to a securities filing. The quarterly report shows Daniel Sundheim’s fund exited several positions, including Bank of America and Microsoft , and also reduced its stake in Amazon . […]
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Amazon ‘anti-union propaganda,’ employee surveillance loom over labor vote at North Carolina warehouse
Workers picket in front of an Amazon Logistic Station on December 19, 2024 in Skokie Illinois. Scott Olson | Getty Images Italo Medelius-Marsano was a law student at North Carolina Central University in 2022, when he took a job at an Amazon warehouse near the city of Raleigh to earn some extra cash. The past […]
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A growing digital ad market is benefiting giants like Meta and smaller players like Reddit
Jaque Silva | Nurphoto | Getty Images The digital advertising market is doing so well that even Reddit is getting a cut of the spoils. Reddit on Wednesday reported fourth-quarter revenue of $428 million, which was up 71% from the previous year and represents the fastest growth rate for any quarter since 2022. Although Reddit’s […]
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Trump’s reciprocal tariffs would hit these European Union products that Americans buy the hardest
Workers walk past manufacturing equipment at Eli Lilly & Co. manufacturing plant in Kinsale, Ireland, on Sept. 12, 2024. Lilly has been bulking up its production capacity since 2020, investing more than $17 billion into developing new plants and expanding existing facilities for the weight-loss and diabetes drugs that are expected to become some of […]
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Bezos’ Blue Origin to layoff about 10% across its space, launch business
A Blue Origin New Glenn rocket stands ready for its inaugural launch at the Cape Canaveral Space Force Station in Cape Canaveral, Florida, U.S., January 10, 2025. Joe Skipper | Reuters The CEO of Jeff Bezos’ Blue Origin announced in an all-hands call on Thursday company-wide layoffs of “about 10 percent” of its employees, a sweeping […]
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Reddit shares plunge after Google algorithm change contributes to miss in user numbers
Steve Huffman, co-founder and CEO of Reddit, speaks during WSJ Tech Live conference hosted by the Wall Street Journal at the Montage Laguna Beach in Laguna Beach, California, on October 21, 2024. Frederic J. Brown | Afp | Getty Images Reddit shares fell more than 15% on Wednesday after the company reported weaker-than-expected user numbers in […]
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India’s Modi to meet with Trump, Musk on Thursday as trade tensions mount
India’s Prime Minister Narendra Modi on Sept. 4, 2024. Dean Kassim | Afp | Getty Images Indian Prime Minister Narendra Modi is headed to Washington, D.C., for meetings with President Donald Trump and members of his administration, including Elon Musk, to discuss topics such as efforts to avoid a trade war and artificial intelligence policy, […]
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