Business

Amazon to layoff 10,000 employees: report

Amazon is preparing to lay off as many as 10,000 employees, The New York Times reported on Monday, making the e-commerce behemoth the latest tech giant to unleash a large-scale redundancy plan.

Business

Why booking travel on your phone is a bad idea

Since the first iPhone launched 15 years ago, consumer shopping habits have slowly but relentlessly shifted toward mobile devices. According to a survey of 3,250 U.S. consumers from Pymnts.com, a website dedicated to analyzing ...

Business

FTC says Bezos, Jassy must testify in probe of Amazon Prime

Federal regulators are ordering Amazon founder Jeff Bezos and CEO Andy Jassy to testify in the government's investigation of Amazon Prime, rejecting the company's complaint that the executives are being unfairly harassed ...

Consumer & Gadgets

Gen Z smartphone addiction can boost compulsive buying

People born between the mid-1990s and early 2010s—so-called generation Z—face many financial challenges, from more expensive housing to lower wages. Many are already delaying life plans such as buying a home and saving ...

Business

US tech titans stumble after pandemic boom

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.

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