Amazon says it will cut over 18,000 jobs, more than initially planned
Amazon has decided to get rid of additional roles after committing to a round of cuts in its corporate workforce in November.
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XBB.1.5 omicron subvariant is the most transmissible version of Covid yet, WHO says
The WHO does not have any data yet on the severity of XBB.1.5, but there's no indication it makes people sicker than previous subvariants, top official said.
Rivian stock hits new 52-week low after the automaker misses 2022 production target
Rivian said it produced 24,337 vehicles last year, slightly missing its 25,000 target.
Share of new car buyers with a monthly payment of more than $1,000 hits record high
High prices and rising interest rates are causing an affordability problem for many car shoppers.
Fed officials see higher rates for 'some time' ahead
Policymakers expressed the importance of keeping restrictive policy in place while inflation holds unacceptably high.
California braces for powerful atmospheric river storm
The new storm in California is part of a series of atmospheric river storms that climate scientists forecast will continue this month.
Paramount sued for $500 million over 1968 'Romeo & Juliet' nude scene
Two stars of the 1968 film adaptation of "Romeo & Juliet" have sued Paramount Pictures for more than $500 million over a nude scene the actors shot as teens.
GM reclaims title as America's top automaker after a 2.5% jump in sales last year
GM said Wednesday it sold 2.27 million vehicles in the U.S. in 2022, up by 2.5% for the year.
The Mega Millions jackpot is $785 million. Taking the lump sum is 'typically a big mistake,' lottery lawyer says
Nearly all winners opt for the lump sum, but with $785 million at stake, there are significant advantages to spreading out this lottery windfall.
Southwest Airlines' schedule stabilizes after holiday meltdown but costs are still piling up
Southwest said it is now focused on improving its technology that contributed to thousands of flight cancellations over the year-end holidays.
Job openings hold strong despite rate hikes; manufacturing in contraction
Demand for employment remained high in November as companies looked for workers to fill positions despite worries of a looming recession.
Mortgage demand plunges 13.2% to end 2022, as interest rates head higher again
Mortgage application volume was down 13.2% at the end of last week from two weeks earlier as interest rates rose again.
Apple's market cap falls under $2 trillion as sell-off continues
Apple first hit a $2 trillion valuation in August 2020, as the pandemic boosted its sales of computers to work or study from home.
SpaceX raising $750 million at a $137 billion valuation, investors include Andreessen-Horowitz
Last year, SpaceX achieved several new milestones but faced further delays to its Starship program.
Microsoft recognizes its first union as ZeniMax software testers organize
Testers at multiple U.S. ZeniMax video game studios voted in favor of joining a union. Microsoft's support lines up with a previous commitment.
Tesla reports 1.31 million deliveries in 2022, growth of 40% over last year
Tesla reports 1.31 million deliveries in 2022, growth of 40% over last year
Feds launch FTX task force to recover victim assets, continue probes as Bankman-Fried pleads not guilty
The collapse of crypto exchange FTX led to criminal prosecutions of founder Sam Bankman-Fried and two of his lieutenants in New York federal court.
Apple hikes the price of iPhone battery replacements by $20
Out-of-warranty iPhone owners will soon have to spend more to replace their batteries at an Apple store, Apple said this week.
Home price increases weakened sharply in November, posting the smallest annual gain in 2 years
Higher mortgage rates and consumer worries are hitting home prices.
Ford says F-Series pickup continued its decadeslong dominance in 2022
Ford Motor reported sales of its F-Series, which includes the F-150 pickup and its larger siblings, surpassed 640,000 trucks last year.
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