Convoy Inc., a Seattle-based trucking startup whose investors include Jeff Bezos and Bill Gates, will slash hundreds of jobs in the coming days as it prepares to woo prospective buyers, according to a person familiar with the matter.
Lam Research Corp. fell as much as 3.8% in late trading after revenue fell for a third straight quarter, a sign demand for chipmaking equipment remains sluggish.
President Joe Biden said Egyptian President Abdel Fattah El-Sisi had agreed to allow as many as 20 truckloads of aid into the Gaza Strip.
A giant exchange-traded fund tracking the Nasdaq 100 (QQQ) advanced in late trading as Tesla Inc. rebounded, while Netflix Inc. rallied after earnings. The gains signaled a recovery in megacaps, following a slide driven by geopolitical risks and higher Treasury yields.
President Joe Biden’s 7.5-hour trip to Tel Aviv signaled full US backing for Israel but fell short on another key goal: winning over Arab leaders.
Those closely following the quest for an exchange-traded fund that would hold Bitcoin have Friday circled on their calendars.
A SpaceX executive said it’s “hard to say” when the company’s new Starship vehicle will be ready as a lunar lander for NASA, claiming regulation is holding up additional test flights.
AQR Capital Management founder Cliff Asness said artificial intelligence technology will “change all our jobs,” adding that his firm is still working on how to use the technology for its investments.
SAP SE climbed in late US trading after Europe’s biggest software company reaffirmed its annual forecast and pointed to the “resilience” of its business.
Amazon.com Inc. laid out plans to expand its still-experimental drone delivery effort, announcing the start of sending prescription medication by air and promising to start flights in Britain and Italy by late 2024.
