Amazon quarterly profit slips as shoppers seek bargains
Amazon on Thursday said that its profit in the third quarter slipped more than 9 percent to $2.9 billion, despite an uptick in sales helped by Prime day bargains.
Oct 27, 2022
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Business
Amazon on Thursday said that its profit in the third quarter slipped more than 9 percent to $2.9 billion, despite an uptick in sales helped by Prime day bargains.
Oct 27, 2022
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Business
A year into the pandemic, Evan Spiegel was flying high. The chief executive of Snap said annual revenue growth of 50% or more was a "steady state opportunity" for the social media company, requiring no additional gains in ...
Sep 2, 2022
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Automotive
Volkswagen on Thursday hands over the reins to new CEO Oliver Blume, tasked with steering the German automotive giant through challenging economic conditions after four turbulent years under his predecessor, Herbert Diess.
Sep 1, 2022
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Consumer & Gadgets
Sony's PlayStation 5 is already notoriously difficult to find, and on Thursday the popular console's manufacturer said that it will also become more expensive for gamers in many parts of the world.
Aug 25, 2022
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Business
Amazon and Apple were a relative bright spot in a week of otherwise lackluster earnings results for an industry reckoning with the end of heady pandemic-era growth.
Jul 29, 2022
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Automotive
General Motors' second-quarter net income fell 40% from a year ago as computer chip and parts shortages hobbled factory output and drove the company's U.S. sales down more than 15%.
Jul 26, 2022
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German industrial giant Siemens reported a jump in yearly net profit on Thursday despite a fourth quarter troubled by global supply chain issues that the company predicts will improve next year.
Nov 11, 2021
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Business
The rise of air-conditioning is on the brink of becoming a new emergency, adding unprecedented challenges to the already difficult task of decarbonizing the economy and reducing emissions. As temperatures continue to rise, ...
Nov 9, 2021
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Automotive
BMW will slash 6,000 jobs this year and freeze a major self-driving technology collaboration with rival Mercedes-Benz as the German luxury carmaker sees demand plunging because of the coronavirus pandemic.
Jun 19, 2020
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Computer Sciences
University of Delaware data scientist Jing Gao is fascinated by the ways that cities and towns grow over time. This concept is known as urbanization.
May 8, 2020
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