Amazon.com Inc
Amazon workers strike at seven U.S. facilities ahead of Christmas rush
Striking workers picket outside of the Amazon DAX5 warehouse, in City of Industry, California, U.S., December 19, 2024. Daniel Cole | Reuters Amazon.com workers at seven U.S. facilities walked off the job early on Thursday during the holiday shopping rush, aiming to pressure the retailer into contract talks with their union. Warehouse workers in cities […]
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AMD invests in GPU cloud provider Vultr at $3.5 billion valuation
A sign is posted in front of the Advanced Micro Devices (AMD) headquarters on May 10, 2022 in Santa Clara, California. Justin Sullivan | Getty Images Vultr, a startup that rents out graphics processing units and other cloud infrastructure to businesses, has raised $333 million in a transaction that values the company at $3.5 billion. […]
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Why the Dow is in such a historic funk and how concerned you should be
Key Points The biggest laggard in the Dow Jones Industrial Average has been UnitedHealth, which has contributed to more than half of the decline over the past eight sessions. There’s a rotation going on with investors selling out of the cyclical names in the 30-stock Dow that initially popped on Trump’s reelection. There are many […]
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Databricks announces $10 billion financing at $62 billion valuation
Close-up of Databricks company logo on building facade, Rincon Hill, San Francisco, June 7, 2024. Smith Collection/ gado | Archive Photos | Getty Images Databricks, one of the most valuable privately held companies, announced a $10 billion financing on Tuesday that values the software maker at $62 billion. With the money, Databricks will be able […]
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PDD’s Temu app tops U.S. iOS downloads for second year running amid greater scrutiny of China companies
Jaque Silva | Nurphoto | Getty Images Temu, the popular e-commerce app owned by China’s PDD Holdings, topped Apple’s list of the most downloaded free apps on its U.S. iOS store for the second year running, highlighting the massive success that Chinese apps are enjoying in the world’s largest consumer market. ByteDance’s TikTok came in […]
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CNBC Daily Open: The perils of market predictions
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 10, 2024. Brendan McDermid | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. […]
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Morgan Stanley names 7 beneficiaries of Amazon AWS’ new Trainium 2 AI chip
Morgan Stanley has identified the companies that are set to benefit from Amazon ‘s launch of its new artificial intelligence chip. The Big Tech giant’s cloud computing division Amazon Web Services launched its Trainium 2 AI chip earlier this month. AWS hopes these chips will help it diversify away from Nvidia , its primary AI […]
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Amazon and the endangered future of the middle manager
Amazon CEO Andy Jassy speaks during a keynote address at AWS re:Invent 2024, a conference hosted by Amazon Web Services, at The Venetian Las Vegas on December 3, 2024 in Las Vegas, Nevada. Noah Berger | Getty Images Entertainment | Getty Images Amazon CEO Andy Jassy’s note sent this fall to employees about corporate culture drew […]
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How China’s satellite megaprojects are challenging Elon Musk’s Starlink
China faces a tall order in its efforts to catch up to Elon Musk’s SpaceX satellite service. SpaceX’s Starlink already has nearly 7,000 operational satellites in orbit and serves around 5 million customers in more than 100 countries, according to SpaceX. The service is meant to offer high-speed internet to customers in remote and underserved […]
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Broadcom’s long and winding path to the trillion-dollar club, and how Trump played a role
President Donald Trump introduces Broadcom CEO Hock Tan prior to Tan announcing the repatriation of his company’s headquarters to the United States from Singapore during a ceremony in the Oval Office of the White House, in Washington, DC, November 2, 2017. Getty Images When Broadcom tried to buy rival Qualcomm for $120 billion in 2018, […]
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