Amazon's Stefano La Rovere challenged the notion that technology displaces jobs, citing that robotics and AI have created new job categories and improved working conditions for employees.
Industry
China Ramps Up Weapons Sales to Russia Amid War With Ukraine, US Intelligence Claims
US intelligence has revealed a significant surge in China's equipment sales to Russia amid its ongoing war with Ukraine.
Nike Plans to Make its Biggest Olympics Spending Yet
Nike is gearing up to make its biggest spending commitment yet for the upcoming Olympics. Nike is gearing up to make its biggest spending commitment yet for the upcoming Olympics, as the renowned sportswear brand aims to rejuvenate sales and contend with emerging competitors, according to a report by Reuters.
JPMorgan Q1 Profit Surpasses Expectations Despite Interest Income Missing Predictions
JPMorgan Chase exceeded expectations in its first-quarter profit, but shares dropped by 6% as projections for interest income fell short.
Roberto Cavalli, Founder of Italian Luxury Fashion House, Dead at 83
Roberto Cavalli was a renowned fashion designer who founded the Roberto Cavalli company in the 1970s.
Latest News
Another $3.3 billion was added to the $207 billion fortune of Amazon founder Jeff Bezos after the e-commerce giant hit a new record share price on Thursday.
This milestone aligns with President Biden's goal to make the US power grid carbon pollution-free by 2035, a key initiative in combating climate change and securing energy resources.
According to an SEC filing, it has been confirmed that four Paramount Global directors will not seek re-election at the upcoming annual meeting. As a result, the board will be reduced to seven directors.
FTX Founder Sam Bankman-Fried faced conviction on seven charges of fraud and conspiracy due to misappropriating about $10 billion in customer funds.
New York cannabis regulators are celebrating a significant milestone for reaching over 100 licensed stores across the state.
Apple has alerted iPhone users in 92 countries that they may have been a target of mercenary spyware attacks.
A devastating series of Russia's overnight strikes has left the Trypilska thermal power plant in ruins, dealing a severe blow to Ukraine.
Elon Musk has confirmed that he will visit India to meet Indian Prime Minister Narendra Modi. Elon Musk has confirmed that he will visit India to meet Indian Prime Minister Narendra Modi.
The United Steelworkers union stands against the acquisition, citing potential threats to American jobs.
