Tag: Breaking News: Business
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Amazon’s Zoox issues software recall after robotaxi drove into heavy smoke
Last month, an unoccupied Zoox robotaxi drove into an active emergency fire scene that was clouded with smoke, the company said.
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Chinese automakers are taking on the UK — and many Brits are embracing it
The surge comes as China’s auto exports have boomed in recent years as the country’s appetite for new models has cooled.
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Inside the Chinese fraud rings stealing billions from banks and retailers
Chinese organized crime groups are making as much as $1 billion annually in tap-to-pay fraud schemes targeting retailers and banks.
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Has Nike lost its ‘cool’ factor? LeBron James weighs in
Nike’s stock has slumped as the sportswear giant faces new competitors and waning influence. LeBron James has some advice on how to regain its ‘cool’ factor.
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Here’s why the housing market is hurting so much this summer
Mortgage rates are high, home prices at record levels and consumers stressed. These are all contributing to a drop in existing home sales and builder sentiment.
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Here’s what to expect when Netflix reports earnings after the bell
Investors will be looking for updates on Netflix’s ad-supported business, engagement metrics and how the streaming giant continues to consider potential M&A.
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Short sellers load up against SpaceX as stock retreats back to IPO price
About 185 million SpaceX shares are now sold short, representing roughly 29% of the company’s publicly tradable float, according to S3.
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U.S. grocery slowdown deepens as shoppers buy fewer items, raising pressure on food companies
New data show the U.S. grocery slowdown is deepening as shoppers buy fewer items, forcing grocers and brands to compete harder on price and value.
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UnitedHealth blows past estimates, hikes earnings outlook as it reins in costs
The healthcare giant is working to stabilize margins by shrinking membership, exiting unprofitable contracts and pouring $1.5 billion into AI.
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United earnings top estimates but airline expects $6 billion in added fuel costs
United reported higher revenue for premium, corporate and no-frills basic economy tickets and higher revenue for both domestic and international trips.
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