Amazon started in 1994 selling books. Decades later, this original business is thriving and massively outpacing its digital cousin, e-books. That’s according to a detailed internal document obtained by Business Insider that reveals a wealth of new information and insights about Amazon’s book business and the broader publishing landscape. Reliable data on this industry is … Read more
Olive Garden Italian restaurant sign showing company logo, Spokane Valley, Washington, owned by Florida-based Darden Restaurants Incorporated. Universal Images Group | Getty Images Darden Restaurants On Thursday it reported mixed quarterly results as Olive Garden’s same-store sales fell for the second quarter in a row. The company has faced a “continually weaker consumer environment” as … Read more
They’re a familiar sight on Amazon’s packages: plastic air cushions designed to keep products safe in transit, but which also end up in landfills by the billions. Now, under pressure from environmentalists to reduce the use of plastic packaging, the world’s largest retailer in the world is close to replacing all of its inflatable plastic … Read more
A power outage shut down all train service along the Northeast Corridor between Philadelphia and New Haven, Conn., for more than three hours Thursday afternoon, causing significant delays in and out of the nation’s busiest hub for a fourth times in the last two months. Amtrak said that, on one of the hottest days of … Read more
The Biden administration announced plans Thursday to ban the sale of antivirus software made by Russia’s Kaspersky Lab in the United States, citing the firm’s large American customers, including critical infrastructure providers and state and local governments. Moscow’s influence over the company was found to pose a significant risk, Commerce Secretary Gina Raimondo said in … Read more
Two of the major stock indexes fell on Thursday after hitting record highs earlier in the session. Nvidia’s ( NVDA ) record rise — which catapulted it to the title of the world’s most valuable public company — also took a breather. The S&P 500 (^GSPC) lost about 0.2% after briefly passing 5,500 for the … Read more
Shares related to Nvidia ( NVDA ) and artificial intelligence ( AI ) are driving upbeat Thursday markets as the chipmaker looks set to cement its crown as the world’s most valuable company by earnings in premarket trading; Dell Technologies ( DELL ) and Super Micro Computer ( SMCI ) are rising after Elon Musk … Read more
Donald Trump, the former US president who is on track for a White House rematch with President Joe Biden this year, has embraced bitcoin in recent months – forcing the Biden administration into a pivot potential of cryptos. Subscribe now to Forbes CryptoAsset and Blockchain Advisor and “discover blockchain blockbusters ready for 1000% plus profits” … Read more
Larger / Ilya Sutskever gestures as OpenAI CEO Sam Altman looks on at Tel Aviv University on June 5, 2023. On Wednesday, former OpenAI Chief Scientist Ilya Sutskever announced that he is creating a new company called Safe Superintelligence, Inc. (SSI) with the goal of safely building “superintelligence,” which is a hypothetical form of artificial … Read more
Thursday saw the worst trading day for the semiconductor sector in seven weeks. Earnings revisions for some of the top tech stocks like Nvidia ( NVDA ), Amazon ( AMZN ), Meta ( META ), and Alphabet ( GOOG , GOOGL ) are currently over 35% higher than that of the entire S&P 500 ( … Read more