Amazon CEO Andy Jassy looks on during an Amazon Devices launch event in New York City, U.S., February 26, 2025. REUTERS/Brendan McDermid Brendan Mcdermid | Reuters Amazon on Thursday reported second-quarter earnings that beat expectations on most metrics, but the results weren’t good enough to please Wall Street. Amazon stock slid following the release and…
A jury in Miami has determined that Tesla should be held partly liable for a fatal 2019 Autopilot crash, and must compensate the family of the deceased and an injured survivor a portion of $329 million in damages. Tesla’s payout is based on $129 million in compensatory damages, and $200 million in punitive damages against the…
President Donald Trump on Friday fired the Bureau of Labor Statistics commissioner, hours after the agency reported that job growth in the U.S. had slowed to a near-halt. In a Truth Social post that also directed even more fire at Fed Chair Jerome Powell, Trump accused BLS Commissioner Erika McEntarfer of being a political appointee…
CNBC’s Jim Cramer walked investors through another week of earnings season, honing in on reports from Palantir, Berkshire Hathaway, Disney and Eli Lilly. “We’re still in earnings Hades, but at least it’s getting a little cooler out there,” he said. “That’s right, we’ve now gotten over the hump of the big-time growth stocks, the hyperscalers,…
Sign at Martha’s Vineyard Airport, Massachusetts Cindygoff | Istock | Getty Images Martha’s Vineyard has long been a summer vacation destination for Black families, but August in the Massachusetts beach community is becoming an important hub for Black entrepreneurs, investors and financial firms, too. “I would say the magic of it is really about introducing…
Dr. Adriana Kugler, member of the Board of Governors of the Federal Reserve, speaks to The Economic Club of New York in New York City, U.S., June 5, 2025. Kylie Cooper | Reuters Federal Reserve Governor Adriana Kugler announced Friday she is stepping down from her role at the central bank, creating an important vacancy…
Figma celebrates its initial public offering at the New York Stock Exchange on July 31, 2025. NYSE Shares of design software vendor Figma popped more than 5% on Friday, a day after the stock more than tripled in its New York Stock Exchange debut. Figma opened at $85 on Thursday under the ticker FIG, and shares…
An electric air taxi by Joby Aviation sits at the Downtown Manhattan Heliport in New York City, Nov. 12, 2023. Roselle Chen | Reuters Joby Aviation and defense contracting giant L3Harris announced a partnership Friday to develop a next-generation military craft that can be piloted or fly autonomously. The partnership brings together Joby’s hybrid vertical…
Ghislaine Maxwell attends day 1 of the 4th Annual WIE Symposium at Center 548 on September 20, 2013 in New York City. Laura Cavanaugh | Getty Images Two sexual abuse victims of Jeffrey Epstein and the family of late Epstein victim Virginia Giuffre on Friday blasted President Donald Trump after learning that Epstein’s accomplice Ghislaine…
President Trump‘s trade war has already loomed large over the back-to-school and holiday season ordering of retailers. Spring season is next, and it is occurring just as Trump’s latest sweeping global tariffs take effect. While Spring 2026 may seem relatively far off into the future, for retailers, now is the time of year when they…
