Zheng Gao, an eight-year veteran at the Elon Musk-run automaker, is departing for rival robotaxi builder Zoox, the company announced on Wednesday.
Another reason to be leery of buying Amazon stock in the new year is the economic uncertainty. We've already seen the Federal Reserve indicate tentativeness about the number of interest rate cuts on the way in 2025. If the Fed becomes more nervous about the U.S. economy, it could signal bad news for Amazon.
Bezos flatly denied a report he would marry fiancée Lauren Sánchez the weekend after Christmas in a lavish ceremony in Aspen.
In its most recent fiscal quarter, same-store sales, excluding fuel, jumped 7%, compared to a 3.8% increase in the same time period a year ago. Through the nine months ended Oct. 31, Sam's Club has hauled in $67.2 billion in sales and $1.8 billion in operating profits.
A new rocket from Mr. Bezos’ company Blue Origin and a satellite system from Amazon could heat up competition with SpaceX, owned by Mr. Musk.
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Meet the exclusive list composed by the richest billionaires in the world. Their combined wealth equates to $2.5 trillion.
Year to date, Nvidia remains the biggest driver of BATMMAAN gains, up 163%, followed by Broadcom's late-year surge to 115% and by 93% for Tesla, 75% for Meta, 52% for Amazon.com, 39% for Alphabet, 31% for Apple and 20% for Microsoft - which incidentally is the top holding among hedge funds.
Conservative activists turn to a new tool to fulfill their anti-“woke,” free-enterprise mission: pushing Fortune 100 firms to convert some assets to bitcoin.
President-elect Donald Trump dined with fellow billionaires Jeff Bezos and Elon Musk at Mar-a-Lago Wednesday night - as the Amazon founder became the latest billionaire to visit Mar-a-Lago.
Rivian presents a far more attractive risk-reward profile than its core U.S. rival, Tesla. Rivian trades at roughly 1/5 of Tesla's revenue multiple. Read more here.
The former Amazon CEO was pictured at Mar-a-Lago with fiance Lauren Sánchez on Wednesday night as he joined Trump and Musk for dinner.