Amazon taps SpaceX’s Falcon 9 rocket to help launch Kuiper satellites

Amazon taps SpaceX’s Falcon 9 rocket to help launch Kuiper satellites

[1/2]A Falcon 9 rocket lifts off on NASA’s SpaceX Crew-7 mission, taking four crew members to the International Space Station (ISS), from the Kennedy Space Center in Cape Canaveral, Florida, U.S., August 26, 2023. REUTERS/Joe Skipper/File Photo Acquire Licensing Rights Dec 1 (Reuters) – Amazon (AMZN.O) on Friday said it booked three Falcon 9 launches … Read more

Second-hand shopping a $1-billion-plus business for Amazon in Europe

Second-hand shopping a $1-billion-plus business for Amazon in Europe

[1/5]Customers visit the Second Chance Store, a new shop selling returned and refurbished products from Amazon’s Second Chance programmes in-person in central London, Britain November 28, 2023. John Nguyen/Handout via REUTERS. Acquire Licensing Rights LONDON, Nov 29 (Reuters) – Consumer demand for refurbished and pre-owned goods in Britain and across Europe has created a billion … Read more

Wall St ends down after recent gains; retailers, tech weak

Wall St ends down after recent gains; retailers, tech weak

Best Buy down on weak outlook Kohl’s slips on quarterly sales miss NEW YORK, Nov 21 (Reuters) – U.S. stocks retreated on Tuesday and the S&P 500 snapped a five-session winning streak, with retailers down after some disappointing outlooks and technology shares falling. Indexes stayed lower after minutes from the latest Federal Reserve meeting showed … Read more

Amazon cuts games unit jobs in broader restructuring

Amazon cuts games unit jobs in broader restructuring

The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, January 5, 2023. REUTERS/Pascal Rossignol Acquire Licensing Rights Nov 13 (Reuters) – Amazon.com (AMZN.O) has cut around 180 jobs in its games division, at least the second round of layoffs in under a week by the online retailer and digital … Read more

AMD forecasts $2 billion sales of AI chips, helping shares rebound

AMD forecasts $2 billion sales of AI chips, helping shares rebound

A smartphone with a displayed AMD logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights Oct 31 (Reuters) – Chip designer Advanced Micro Devices (AMD.O) on Tuesday forecast $2 billion in sales in 2024 from a chip that aims to compete with Nvidia (NVDA.O) … Read more

Germany’s Birkenstock set for US listing after $1.5 bln IPO

Germany’s Birkenstock set for US listing after $1.5 bln IPO

A pair of shoes is pictured in a window of a Birkenstock footwear store in Berlin, Germany, January 21, 2021. REUTERS/Fabrizio Bensch/File Photo Acquire Licensing Rights Oct 11 (Reuters) – LVMH-backed Birkenstock (BIRK.N) was set to list its shares on the New York Stock Exchange on Wednesday after the German luxury sandal maker notched a … Read more

Wall St Week Ahead US stock market’s powerhouses tested by soaring bond yields

Wall St Week Ahead US stock market’s powerhouses tested by soaring bond yields

The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri/File Photo Acquire Licensing Rights NEW YORK, Sept 29 (Reuters) – Surging bond yields are rattling U.S. stocks, and some investors worry the richly valued shares of … Read more

AI startup AlphaSense valued at $2.5 bln after latest funding round

AI startup AlphaSense valued at $2.5 bln after latest funding round

Sept 28 (Reuters) – Market intelligence platform AlphaSense has raised $150 million in a fresh round of funding that boosted its valuation to $2.5 billion, underscoring strong demand for artificial intelligence (AI) startups. The series E financing round was led by technology investment firm BOND and joined by existing investors including Alphabet’s (GOOGL.O) CapitalG, Viking … Read more

S&P 500 ekes out slim gain as investors weigh elevated yields

S&P 500 ekes out slim gain as investors weigh elevated yields

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 26, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing Rights US durable goods orders unexpectedly rise in Aug Utilities slide among S&P sectors, energy gains Costco rises after revenue, profit top estimates Indexes: Dow down 0.2%, S&P up 0.02%, … Read more

Amazon steps up AI race with up to $4 billion deal to invest in Anthropic

Amazon steps up AI race with up to $4 billion deal to invest in Anthropic

SAN FRANCISCO, Sept 25 (Reuters) – Amazon.com (AMZN.O) on Monday said it will invest up to $4 billion in cash in the high-profile startup Anthropic, in its effort to compete with growing cloud rivals on artificial intelligence. Amazon’s employees and cloud customers will gain early access to technology from Anthropic as part of the deal, … Read more