Google-Wiz deal fizzles out, company will pursue IPO
Wiz has walked away from a $23 billion deal to be acquired by Google, in what would have been the search giant’s largest-ever deal, telling employees it would pursue an …
Amazon.com Inc
Warner Bros. Discovery says it will match Amazon
Warner Bros. Discovery said Monday it has informed the National Basketball Association that it intends to use its matching rights for a package of games earmarked for another company. Warner …
Michelle Mack, retail crime ‘queenpin,’ faces prison, restitution
Michelle Mack is taken into custody, Dec. 6, 2023. CNBC The ringleader of a nationwide organized retail crime operation that targeted Ulta Beauty and other major retailers is facing more …
YouTube dominates streaming, forces media companies to adapt
It’s been almost 20 years since the founding of Alphabet’s YouTube, and Hollywood still doesn’t really know what to do with it. YouTube, which effectively invented user-generated content, claims a …
GM’s Cruise names former Amazon, Microsoft Xbox executive as new CEO
DETROIT – General Motors’ Cruise autonomous vehicle unit on Tuesday announced former Amazon and Microsoft executive Marc Whitten as its new CEO. Whitten was a founding engineer at Microsoft’s Xbox …
Volkswagen takes $1 billion stake in EV maker
Workers assemble second-generation R1 vehicles at electric auto maker Rivian’s manufacturing facility in Normal, Illinois, U.S. June 21, 2024. Joel Angel Juarez | Reuters Volkswagen is taking a $1 billion …
Nvidia (NVDA) stock rout leaves global chip shares volatile
The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan, May 30, 2017. Tyrone Siu | Reuters Global semiconductor stocks saw volatile trading on …
Amazon Prime Day 2024 sale runs July 16 and 17
An Amazon contract worker pulls a cart of packages for delivery in New York, US, on Monday, April 22, 2024. Angus Mordant | Bloomberg | Getty Images Amazon‘s Prime Day …
Fundstrat’s Tom Lee keeps making bold stock calls — and nailing them
Fundstrat’s Tom Lee has been getting a lot right about quick market moves in recent years. Since the pandemic and its aftershocks created a unique environment for stocks, Lee has …
Nvidia is little known despite topping $3 trillion in market cap
Nvidia CEO Jensen Huang makes a speech at an event at COMPUTEX forum in Taipei, Taiwan June 4, 2024. Ann Wang | Reuters Apple, Microsoft, Amazon and Google were the …