Business

Amazon reports rare quarterly loss as online shopping slows

Amazon reported its first quarterly loss since 2015 on Thursday, its money-making juggernaut stalled by a slowdown in pandemic-induced online shopping and a huge write-down of its investment in an electric-vehicle startup.

Business

From crypto to COVID: Why auction prices are rocketing

From Albert Einstein's notes to a record-breaking Frida Kahlo to a 6.6-million-euro triceratops—auction houses have lately seen a string of record-breaking items going under the hammer and through the roof.

Business

Amazon aims to hire 150,000 holiday season workers

Amazon announced plans Monday to recruit 150,000 seasonal workers for the end of year holidays, as the online retail giant aims to navigate global supply chain disruptions and a tight hiring market.

Automotive

Volvo Cars announces IPO to raise nearly $2.9 billion

Swedish car brand Volvo announced plans Monday to go public and raise nearly $2.9 billion as it shifts to making electric vehicles, with Chinese owner Geely remaining its biggest shareholder.

Business

Amazon 'Prime Day' spend soars amid reopening

Amazon's annual "Prime Day" online shopping bonanza racked up more than $11 billion in sales at the e-commerce platform, market tracker Adobe reported on Wednesday.

page 2 from 4