GameStop faces its steepest decline in nine months due to a huge drop in fourth-quarter revenue. Net sales were down 19% compared to the previous year, leading to a 19% tumble in premarket trading.
Sectors
Amazon Boosts AI Efforts by Investing $2.75 Billion More in Tech Startup Anthropic
Amazon is investing an extra $2.75 billion in Anthropic, completing a commitment it signed last year to fund the AI startup.
Amazon Skips Cash Pay Hikes for Senior Employees This Year
Amazon announced on Wednesday that its senior employees will not get a cash pay raise this year. Amazon revealed on Wednesday that its senior employees, whose compensation predominantly comprises stock-related awards, will not get a cash pay raise this year.
Visa, Mastercard Agree to Reduce Swipe Fees in $30 Billion Landmark Settlement
Visa and Mastercard have agreed to a $30 billion settlement that would limit credit and debit card fees for retailers.
Baltimore Bridge Collapse: Safety Investigators Look Whether 'Dirty Fuel' Contributed to Tragic Incident
Oil refinery owner raises concerns about fuel quality amidst ongoing investigation into Baltimore bridge collapse.
Latest News
Apple CEO Tim Cook has visited China to boost iPhone sales while praising the Chinese economy. However, he was criticized at home for his laudatory remarks.
China's President Xi Jinping met with more than a dozen American CEOs and academics on Wednesday in an effort to mend strained relations with the US.
Moderna expands its vaccine portfolio with three new candidates targeting norovirus, Epstein-Barr virus, and shingles amid demand for Covid-19 vaccines worldwide.
The US Securities and Exchange Commission (SEC) said Andreas "Andy" Bechtolsheim, the co-founder of Sun Microsystems and an early investor in Google, has settled insider trading charges against him that will cost him almost $1 million.
Lalamove Philippines, an on-demand delivery platform, has launched a new program that aims to empower aspiring businesswomen. Here's what you need to know about it.
TikTok is facing another setback after the Federal Trade Commission (FTC) reportedly launched a probe into the social media platform's data and security practices.
China's BYD, backed by Warren Buffett's Berkshire Hathaway, has announced a profit increase of over 80% in its first set of annual earnings after stealing Tesla's crown as the world's top seller of electric vehicles (EVs).
Krispy Kreme says its dougnuts will arrive in McDonald's! Now, its shares are soaring. Krispy Kreme's shares are now soaring after the American multinational doughnut company announced that it is partnering with McDonald's.
The US and South Korea have set up a new task force to prevent North Korea from obtaining illegal oil.
