EBay is allocating more funds in its capital expenditure budget to advance its generative artificial intelligence initiatives. During the first quarter, the online marketplace doubled its computing capacity for generative AI programs compared to the end of 2023, using its ...
Avalara, Inc., a leading provider of cloud-based tax compliance automation for businesses of all sizes, today announced an expanded partnership with Shopify Inc. (NYSE, TSX: SHOP), a provider of essential internet infrastructure for commerce. This expansion involves Avalara joining the ...
Amazon (AMZN) is continuing its substantial investment in data centers in Virginia, having acquired another significant property in Manassas for further development. The tech and e-commerce giant paid $218 million for 91 acres designated for data center development, according to ...
The Dow Jones Industrial Average closed above 40,000 on Friday for the first time, marking a significant milestone. The blue-chip index ended the trading session at 40,003.59, up more than 0.3 percent for the day and over 10 percent for ...
Boeing shareholders have approved the plane-maker’s plan to grant outgoing CEO Dave Calhoun a 2023 pay package worth nearly $33 million (£25 million). A majority voted in favor of the plan, which had drawn criticism as the company grapples with ...
Shares of Chinese property developers surged as Beijing announced robust measures to support the struggling property market. Chinese real estate stocks jumped as much as 9.9% following the mid-Friday announcement. The index has climbed more than 20% this week, marking ...
Frontier Airlines announced it will eliminate fees for changing flights, following the lead of larger competitors amid the Biden administration’s push for stricter regulations against so-called “junk fees.” This change is part of a comprehensive overhaul of the budget airline’s ...
Home Depot Inc. continues to face challenges with negative sales for the sixth consecutive quarter, as the retailer grapples with a sluggish housing market and decreased demand for high-value items. Same-store sales, a key metric used by investors to gauge ...
UBS CEO Sergio Ermotti cautioned on Monday that any delay in integrating its technology and data with those of former rival Credit Suisse would diminish anticipated cost savings, emphasizing his commitment to oversee the process until 2027. Since his return ...
Up to 800 activists convened outside Tesla’s factory near Berlin on Friday to protest the company’s expansion plans, resulting in clashes with law enforcement as some attempted to breach the premises. “Currently, there are 800 activists on the Tesla Gigafactory ...