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Every monopoly looks permanent right up until it isn't. Standard Oil looked untouchable. AT&T (T) owned the telephone for most of a century. In markets, dominance is usually a lease rather than a deed, and the rent comes due the moment a competitor with deeper pockets decides the prize is worth ...
Tesla said on Friday its robotaxi was available in Miami, as the electric vehicle maker looks to expand its autonomous ride-hailing operations. The expansion highlights Tesla's efforts to increase adoption of its self-driving software, a version of which it uses in the robotaxis and a key part of CEO Elon Musk's shift from EVs to AI and robotics. Tesla's move comes as the robotaxi sector gains momentum, with competitors such as Alphabet's Waymo and Amazon's Zoox accelerating their expansion efforts.
Water used at the power plants that supply electricity to data centers can be much greater than the water used in the data centers themselves.
An AI spending blitz is demolishing new Fed chair Kevin Warsh's argument for interest rate cuts with more price increases about to ripple through the economy
The 2026 Top 100 Retailers ranking from the National Retail Federation confirms that Walmart and Amazon remain the two leading forces in US retail by sales.
By Aditya Kalra, Arpan Chaturvedi and Munsif Vengattil NEW DELHI, July 3 (Reuters) - The world's biggest internet domain seller, GoDaddy, has warned that India's crackdown on fake websites
The space company has booked rapid growth under this administration, after the founder spent president’s first term being ‘hated.’
Wall Street does not punish companies for spending money. It punishes them for spending money without a story. Give investors a believable path from this year's bills to next year's profits and they will forgive almost any number on the capital expenditure line. Take that story away, and every ...
By Dan Rosenzweig-Ziff WASHINGTON, July 1 (Reuters) - Donald Trump Jr. helped take an online retailer known as the “Amazon of guns” public last year.
Amazon expects to roll out initial internet service with its Leo broadband satellite network later this year after the company's latest launch put the orbiting constellation's satellite count over 390, a company executive said on Thursday. Amazon's latest batch of 29 satellites lifted off from Florida early on Thursday aboard an Atlas V rocket from United Launch Alliance, marking the company's 14th launch of dozens more planned to deploy more than 3,200 satellites that will provide global internet coverage from space. "Still lots of work ahead – including raising all these new satellites to their assigned altitude," Amazon's Leo chief Chris Weber said in a post on X. "But we’ve completed enough launches for initial service this yr, and future missions just add coverage and capacity."
The U.S. innovation engine, from the Model T to SpaceX and AI, continues to be a rocket for America's economy. But China is a growing rival.
The past few months have seen frenetic buying and selling by individual stock traders. Leading market maker Citadel Securities says that retail cash equity volumes in May hit a record, doubling in two years. Then that accelerated in June with nine of the 10 busiest days the market maker has ever experienced coming in a month, according to a mid-June report by strategist Scott Rubner.
By Arpan Chaturvedi NEW DELHI, July 2 (Reuters) - Amazon said on Thursday it will take "appropriate action" against a third-party delivery partner in India once a police investigation into a fire that
(Bloomberg) -- Investors in SpaceX have been largely flying blind since the company’s record-breaking IPO last month, with few financial projections to help determine what the stock is actually worth. Most Read from BloombergExxon to Change Name for First Time in Decades After RedomicileMeta Is Planning a Cloud Business to Sell AI Computing PowerKrafton Agrees to Pay ‘Subnautica 2’ Bonuses as Developer’s CEO ResignsUS Decides Against Renewing USMCA, Shifting to Rolling TalksSpaceX IPO Left Mirae
(Bloomberg) -- SoftBank Group Corp. and its telecom unit will start renting AI computing resources to US companies next fiscal year in a bid to capitalize on the company’s growing pipeline of data center projects.Most Read from BloombergMeta Is Planning a Cloud Business to Sell AI Computing PowerExxon to Change Name for First Time in Decades After RedomicileKrafton Agrees to Pay ‘Subnautica 2’ Bonuses as Developer’s CEO ResignsUS Decides Against Renewing USMCA, Shifting to Rolling TalksSpaceX IP
The AI boom created a ton of winners on Wall Street. However, it also created an incredibly unforgettable story for workers. Tech behemoth Microsoft (MSFT) is reportedly preparing a fresh round of layoffs, according to Business Insider, in a move that could be announced as early as next ...
Palantir invented the forward-deployed engineer model more than a decade ago. The firm's engineers became known for living inside government agencies and Fortune 500 companies for months at a time, not to train employees on software, but to build systems alongside them from the inside. On June 30, ...
Meta Platforms shares had their best day since January after Bloomberg reported that the Facebook parent will sell access to AI computing power and models similar to those offered by Amazon, Microsoft and Google.
Stocks fell as Meta buzz hit SpaceX, Micron and many AI stocks. Tesla is near a buy point with deliveries due. The June jobs report also is on tap.
US equity indexes fell Wednesday as the technology sector paced declines and traders assessed Federa
Kroger said it would acquire privately held Giant Eagle for $1.65 billion. Kroger’s potential merger with Albertsons was blocked by a federal judge halted the deal in late 2024.
Neon secured rights to Artificial, a Sam Altman-focused OpenAI film previously tied to Amazon MGM.
US lifts export controls on Fable 5 and Mythos 5 after Anthropic addresses safety concerns.
<body><p>STORY: :: Kroger</p><p>Shares of U.S. grocer Kroger fell about 2% Wednesday morning after the company said it would buy regional supermarket chain Giant Eagle in a nearly $1.7 billion deal.</p><p>:: Archive</p><p>The move strengthens Kroger's presence in the Midwest and the Mid-Atlantic region amid intensifying competition.</p><p>The transaction is the first under CEO Greg Foran, and is also Kroger's first major acquisition since its $25 billion merger with Albertsons fell apart in 2024.</p><p>:: Archive</p><p>Family-owned Giant Eagle generates about $9 billion in annual sales. It operates nearly 200 supermarkets and about a dozen standalone pharmacies across parts of Ohio, Pennsylvania, West Virginia, Maryland and Indiana.</p><p>:: Kroger</p><p>Foran said the chain was a good strategic fit for Kroger, which has been battling intense competition from Walmart, Amazon and other grocers as still-elevated inflation has many consumers seeking cheaper essentials.</p><p>Kroger has previously said it plans to cut prices on thousands of items, funded partly by direct imports and better use of technology.</p><p>The Giant Eagle acquisition is expected to close in 2027.</p></body>
Alphabet (GOOGL) just got one of the most renowned promotions in the stock market. Google parent Alphabet officially entered the Dow Jones Industrial Average on June 29, replacing Verizon Communications (VZ) and giving the 30-stock blue-chip index a stronger stake in the artificial intelligence ...
Tech bull Dan Ives of Wedbush initiated coverage of SpaceX with an Outperform rating and a $190 price target, weighing in on a stock that has whipsawed investors in the three weeks since its record-setting initial public offering. Ives sees SpaceX as a player in the hyperscaler wars too.
Meta Platforms is building a cloud business to sell excess AI computing capacity, Bloomberg News reported on Wednesday citing people familiar with the matter. The move could reduce Meta's reliance on advertising revenue and help it take on major cloud companies, including Amazon, Microsoft and Alphabet. Meta did not immediately respond to a request for comment.
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