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Economy

Tesla denies report that the EV maker is looking to replace Elon Musk

May 2, 2025

Shares of Tesla were flat in premarket trading Thursday after the EV maker denied a Wall Street Journal report that its board was searching for a replacement for chief executive Elon Musk. The report, citing comments from sources familiar with the discussions, said that Tesla’s board members reached out to several executive search firms to work on a […]

Economy

Amazon is stepping up to fill a gap in Hollywood’s movie slate

May 2, 2025

Tech is saving Hollywood — though not in the way you might think. Back in 2022, e-commerce giant and relative upstart movie studio Amazon promised to spend around $1 billion each year on theatrical releases, a figure that would fund between 12 and 15 films annually. Today, it appears ready to deliver. Earlier this month, the company, which […]

Economy

Nvidia says Anthropic is telling ‘tall tale’ in its defense of U.S. AI chip restrictions on China

May 2, 2025

Nvidia blasted Anthropic Thursday in a rare public clash over artificial intelligence policy with U.S. chip export restrictions set to take effect. “American firms should focus on innovation and rise to the challenge, rather than tell tall tales that large, heavy, and sensitive electronics are somehow smuggled in ‘baby bumps’ or ‘alongside live lobsters,’ ” a spokesperson for Nvidia said. Anthropic, the […]

Economy

Nvidia CEO Jensen Huang warns China is ‘not behind’ in AI

May 1, 2025

Nvidia CEO Jensen Huang said on Wednesday that China is “not behind” in artificial intelligence, and that Huawei is “one of the most formidable technology companies in the world.” Speaking to reporters at a tech conference in Washington, D.C., Huang said China may be “right behind” the U.S. for now, but it’s a narrow gap. “We […]

Economy

Trump-Bezos call sets stage for tense earnings report from Amazon

May 1, 2025

President Donald Trump used to refer to Jeff Bezos as “Jeff Bozo.” Now, after more drama between the two men, Trump is calling the Amazon founder a “good guy.” Amazon’s earnings report, scheduled for Thursday, already had investors on edge due to the president’s sweeping tariffs and the potential impact they’ll have across the tech giant’s numerous businesses. With its […]

Economy

Pfizer CEO says tariff uncertainty is deterring further U.S. investment in manufacturing, R&D

April 30, 2025

Pfizer CEO Albert Bourla on Tuesday said uncertainty around President Donald Trump’s planned pharmaceutical tariffs is deterring the company from further investing in U.S. manufacturing and research and development. Bourla’s remarks on the company’s first-quarter earnings call came in response to a question about what Pfizer wants to see from tariff negotiations that would push the company to increase investments […]

Economy

JetBlue to partner with another U.S. airline in the coming weeks

April 30, 2025

JetBlue Airways is getting ready to announce a partnership with another U.S. airline with a larger network in the coming weeks, the carrier’s president said Tuesday. One possibility: United Airlines. JetBlue’s leaders have repeatedly said they need a partnership to better compete against larger airlines like Delta Air Lines and United. JetBlue’s planned acquisition of Spirit Airlines was blocked by the […]

Economy

On air, ’60 Minutes’ reporter says ‘none of us is happy’ about changes that led top producer to quit

April 29, 2025

“60 Minutes” correspondent Scott Pelley paid tribute Sunday to Bill Owens, the show’s executive producer who resigned last week, saying on the air that “none of us is happy” about the extra supervision that corporate leaders are imposing. Pelley made his comments at the end of the evening’s CBS News telecast, saying that in quitting, Owens […]

Economy

IBM pledges $150 billion to boost U.S. tech growth, computer manufacturing

April 29, 2025

International Business Machines Corporation on Monday announced it will invest $150 billion in the U.S. over the next five years, including more than $30 billion to advance American manufacturing of its mainframe and quantum computers. “We have been focused on American jobs and manufacturing since our founding 114 years ago, and with this investment and manufacturing commitment we […]

Economy

Amazon and Nvidia say AI data center demand is not slowing down

April 25, 2025

OKLAHOMA CITY — Amazon and Nvidia executives said Thursday that the construction of artificial intelligence data centers is not slowing down, as recession fears have some investors questioning whether tech companies will pull back on some of their plans. “There’s been really no significant change,” Kevin Miller, Amazon’s vice president of global data centers, said […]

Economy

Amazon and Nvidia say AI data center demand isn’t slowing

April 25, 2025

Economy

American liquor exports hit record high in 2024, driven by tariffs

April 25, 2025

U.S. spirit exports reached a record $2.4 billion in 2024, driven in large part by tariff concerns and ongoing global trade disputes. That is according to the American Spirits Exports report published by trade association the Distilled Spirits Council of the United States on Thursday. “U.S. spirits exports hit a new high in 2024, recapturing lost market […]

Economy

Hasbro forecasts as much as $300 million impact if China tariffs don’t come down

April 25, 2025

If President Donald Trump’s 145% levy against imports from China holds, Hasbro estimates it could see as much as a $300 million hit to its bottom line. The toy maker posted better-than-expected earnings on Thursday, but investors and analysts were more focused on the ongoing trade war Trump’s White House has waged against the toy industry’s biggest […]

Economy

Musk says time commitment to DOGE will ‘drop significantly’ as focus returns to Tesla

April 24, 2025

Tech billionaire Elon Musk said Tuesday that he will begin dedicating more time to Tesla and less to his work with the Trump administration starting next month, providing a relief to Tesla investors fed up with his political work and signaling a possible shift in power at the White House. Musk’s comments came on Tesla’s […]

Economy

It’s Elon Musk’s turn for a ‘fork in the road’ as Tesla faces Wall Street scrutiny

April 24, 2025

It might be time for Tesla CEO Elon Musk’s own fork in the road. The electric carmaker is set to report quarterly earnings Tuesday afternoon that may say a lot about which direction Musk and the company he has ridden to immense wealth will go next. The company will update investors on revenue, profit and […]

Browse category by Economy

Tesla denies report that the EV maker is looking to replace Elon Musk

Amazon is stepping up to fill a gap in Hollywood’s movie slate

Nvidia says Anthropic is telling ‘tall tale’ in its defense of U.S. AI chip restrictions on China

Nvidia CEO Jensen Huang warns China is ‘not behind’ in AI

Trump-Bezos call sets stage for tense earnings report from Amazon

Pfizer CEO says tariff uncertainty is deterring further U.S. investment in manufacturing, R&D

JetBlue to partner with another U.S. airline in the coming weeks

On air, ’60 Minutes’ reporter says ‘none of us is happy’ about changes that led top producer to quit

IBM pledges $150 billion to boost U.S. tech growth, computer manufacturing

Amazon and Nvidia say AI data center demand is not slowing down

Amazon and Nvidia say AI data center demand isn’t slowing

American liquor exports hit record high in 2024, driven by tariffs

Hasbro forecasts as much as $300 million impact if China tariffs don’t come down

Musk says time commitment to DOGE will ‘drop significantly’ as focus returns to Tesla

It’s Elon Musk’s turn for a ‘fork in the road’ as Tesla faces Wall Street scrutiny

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