In November 2022, a report emerged that Amazon (AMZN) – Get Free Report would lay off about 10,000 workers. It had said the layoffs could begin right away that week and that they would focus on the company’s devices, retail and human resources divisions. Amazon had issued a weak holiday revenue forecast in October and had…
When it comes to popular intellectual property, Amazon’s (AMZN) – Get Free Report streaming service, Prime Video, has really been coming up in the world. Sure, it’s nowhere near as established as Netflix (NFLX) – Get Free Report or Disney (DIS) – Get Free Report. But the streamer has seen some success with original programming, from its…
BMW revealed a prototype for the i Vision Dee concept car during the automaker’s keynote at CES on Wednesday evening. The four-door sedan came out on stage in a crisp white, but later morphed into a variety of colors and patterns to show off Dee’s E-Ink technology, which will allow car owners to configure the…
2/2 © Reuters. FILE PHOTO: Geraldo Alckmin, newly elected Vice President of Brazil, waves before attending a meeting at the transition government building in Brasilia, Brazil December 13, 2022. REUTERS/Ueslei Marcelino 2/2 BRASILIA (Reuters) – Brazil’s Vice President Geraldo Alckmin said on Wednesday that the state-run development bank BNDES should reduce interest rates to lenders,…
© Reuters. FILE PHOTO: A man on a bicycle stands in front of an electronic board showing Shanghai stock index, Nikkei share price index and Dow Jones Industrial Average outside a brokerage in Tokyo, Japan September 22, 2022. REUTERS/Kim Kyung-Hoon US500 +0.56% Add to/Remove from Watchlist Add to Watchlist Add Position Position added successfully…
Share to FacebookShare to TwitterShare to LinkedinTopline Elon Musk’s commercial rocket company SpaceX is raising $750 million in its latest funding round at a valuation of $137 billion, according to CNBC, at a tumultuous time for the billionaire founder who lost the title of the world richest person last month amid Tesla’s share price drop…
Former President Trump on Tuesday lashed out at Senate Minority Leader Mitch McConnell (R-Ky.) and his wife, former Trump administration Transportation Secretary Elaine Chao, for “unnecessary turmoil” within the GOP in the wake of House Republican Leader Kevin McCarthy’s (Calif.) failure to win the lower chamber’s Speakership. “There is so much unnecessary turmoil in the Republican Party,” Trump said,…
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. And we’re back! Well, just me for now anyway. Haje is covering CES, so if you are there, seek him out and say “Hi!” Thanks so much to Henry for conducting the…
A terrible year for cryptocurrencies in 2002 accelerated toward a calamitous bottom on Nov. 8 as the value of the now-bankrupt FTX exchange plummeted. The company was a mechanism people used to buy and sell cryptocurrencies such as bitcoin and ether. But confidence in FTX was destroyed as its customers hurried to withdraw their money…
Amazon has secured an $8 billion loan in anticipation of market headwinds. Provided by DBS Bank, Mizuho Bank and others, the loan — which will mature in 364 days (January 3, 2024), with an option to extend for another 364 days — will be used for “general corporate purposes,” Amazon said in a filing with…
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