Cruise pauses all driverless operations after collisions with pedestrians, permit suspensions in California
The orders of suspension followed a barrage of incidents since Cruise received approval to conduct around-the-clock robotaxi service in San Francisco.
Amazon’s profit margin nears record after CEO Andy Jassy’s dramatic cost-cutting efforts
Amazon reported an operating margin of 7.8% in the third quarter, the highest since it reached a record of 8.2% in early 2021.
Amazon’s cloud group becomes more profitable but misses on top line
Amazon Web Services became more profitable than it’s been in two years, as its parent company eased up on expense growth across the board.
Amazon’s advertising revenue tops $12 billion in the third quarter
Amazon’s latest financial results on Thursday, the online retail giant said its ad business recorded $12 billion in revenue during the third quarter.
Hertz pulls back on EV plans citing Tesla price cuts, high repair costs
Hertz now has 35,000 Tesla vehicles and around 50,000 electric vehicles in its fleet.
Trump attacks judge in NY fraud case who fined him $15,000
The latest attacks show Trump turning to the court of public opinion to fight his mounting legal challenges.
‘Grandpa Google’: Search head testifies that young users see it as out of style
Prabhakar Raghavan testified that threats to Google’s position are very much real, and innovation at the search engine has allowed it to maintain market share.
Tech stocks suffer two-day selloff as investors find ‘wrinkle or two’ in Alphabet, Meta earnings
Despite better-than-expected results from Alphabet and Meta, investors dumped the stocks and rest of the tech sector over the past two days
Jack Smith says Trump is ‘threatening’ witness, asks judge in DC case to reimpose gag order
Smith accuses Trump of trying to intimidate witnesses, including his former chief of staff Mark Meadows.
Analysts are bullish on Amazon’s growth story ahead of its earnings
Several of Wall Street’s biggest firms are confident in the company’s cloud-computing services growth, as well as its generative AI investments.
