Amazon posts 13% jump in sales, sending shares higher — but fails to deliver dividend
Amazon forecast second-quarter revenue below Wall Street expectations on Tuesday, as it expects tepid spending from cost-conscious businesses on its cloud-computing services. Amazon’s first-quarter sales of...
Ex-Google workers out over Israel protests claim they were illegally fired
A group of ex-Google employees has filed a federal labor complaint alleging they were illegally fired by the tech giant for their involvement in office...
Ex-Binance CEO Changpeng Zhao sentenced to 4 months prison for crypto crimes
Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday to four months in prison after pleading guilty to violating US money-laundering laws at the world’s largest cryptocurrency exchange....
Dow tumbles as investors on edge ahead of Fed rate decision
Wall Street’s main indexes fell on Tuesday with caution prevailing ahead of the Federal Reserve’s interest-rate decision and as stronger-than-expected labor costs hinted at persistent...
Employee pay rose more than expected in sign of lasting inflation
US employee pay jumped more than expected in the first three months of this year — yet another sign that inflation could stay higher for...
Jeff Zucker’s RedBird dumping Telegraph newspaper after UK probe
Abu Dhabi-backed RedBird IMI on Tuesday said it would sell the Telegraph after it scrapped its acquisition of the right-leaning newspaper group because government intervention...
Walmart to close 51 health clinics, stop telehealth service
Walmart will shut down scores of health centers as well as its telehealth business due to the exorbitant operating and reimbursement costs, the big-box retailer...
Dave & Buster’s is letting customers bet on arcade games
Restaurant and arcade chain Dave & Buster’s will soon allow its customers to make wagers on its popular games. Patrons will soon be able to...
McDonald’s profits hit by inflation, boycotts over Israel-Hamas war
McDonald’s earnings fell short of expectations as its inflation-weary menu prices and boycotts at its Middle Eastern franchises hurt profits. McDonald’s reported first-quarter net income...
Paramount Global ousts CEO Bob Bakish, replaces him with trio of execs as it eyes Skydance merger
Paramount Global pushed out CEO Bob Bakish on Monday — removing a major opponent to the media giant’s possible merger with Skydance Media. Bakish, who...