Oct 31, 2025 | Markets
Alphabet Inc. and Amazon.com Inc. were rewarded by investors for reporting better-than-expected third-quarter profits. At both companies, earnings were boosted by the increased value of their stakes in Anthropic PBC, maker of the popular Claude chatbot....
Oct 30, 2025 | Markets
Mark Zuckerberg warned that Meta Platforms Inc. will need to spend even more aggressively on artificial intelligence in the year ahead, reigniting concerns from investors who sent its shares plunging on concerns that the massive investments won’t pay off. In...
Oct 28, 2025 | Markets
Cheaper artificial intelligence tools from China threaten to trigger a sudden sell-off in US tech giants betting on generative AI, according to the investment chief at one of Australia’s largest pension funds. DeepSeek’s development has shown Chinese companies can...
Oct 28, 2025 | Markets
Amazon.com Inc. plans to eliminate roughly 14,000 corporate jobs just months after Chief Executive Officer Andy Jassy warned that AI will shrink the company’s workforce. The downsizing marks Amazon’s second round of reductions in recent years. Besides his ongoing war...
Oct 28, 2025 | Markets
United Parcel Service Inc. shares soared after it smashed Wall Street’s profit expectations by cutting costs and eliminating 34,000 jobs this year. The cuts to its permanent operational workforce — a group that includes drivers and package handlers — marked a 70%...
