Tesla to settle lawsuit over mishandling hazardous waste in California
Tesla will pay a fee of $1.5 million to settle a civil lawsuit alleging the company mishandled hazardous waste and its disposal in the state of California for years.
Amazon cloud unit speeds up revenue growth as clients adopt AI services
Amazon pointed to artificial intelligence traction in the cloud during the fourth quarter. Acceleration of cloud growth should continue, too.
Meta’s Reality Labs loses record $4.65 billion ahead of Apple’s Vision Pro launch
Meta’s Reality Labs has now lost more than $40 billion dating back to late 2020.
Amazon announces AI shopping assistant called Rufus
Amazon is rolling out an assistant that uses generative artificial intelligence to help users search and shop for products.
Goldman gives this innovative cancer-fighting biotech nearly 70% upside
Arvinas’ breast cancer drug, currently in late-stage development, presents a promising commercial opportunity, according to Goldman Sachs.
Meta shares jump after profit triples and company announces first-ever dividend
Meta’s fourth-quarter earnings report comes a day after lawmakers grilled CEO Mark Zuckerberg and other social media execs in Washington.
January hiring was the lowest for the month on record as layoffs surged
Challenger, Gray & Christmas said planned layoffs totaled 82,307 for the month, a jump of 136% from December.
Tesla sued by 25 California counties over hazardous waste handling
Tesla allegedly mishandled hazardous waste for years throughout the state of California according to a lawsuit filed by district attorneys in 25 counties there.
House passes an expanded child tax credit bill and sends it to the Senate
It’s unclear whether the bill can pass the Senate, where some members want changes and GOP Sen. Chuck Grassley said he’s worried it would make President Joe Biden “look good.”
Meta, X, TikTok, Snap and Discord face growing appetite in Congress for tighter social media regulation
Wall Street doesn’t seem worried the tech firms will take significant financial hits to their businesses from Congress.
