Business

A National Labor Relations Board judge ruled on Wednesday that Amazon CEO Andy Jassy violated federal labor law through comments he made to various media outlets regarding unionization efforts within the company. NLRB Administrative Law Judge Brian Gee pointed to interviews Jassy conducted in 2022 with CNBC’s “Squawk Box,” Bloomberg ...

In an announcement made on Thursday, Honda Motor, alongside its yet-to-be-disclosed joint venture partners, revealed plans to invest $11 billion in Ontario, Canada, to establish a “comprehensive EV value chain.” The initiative aims to establish a new North American electric vehicle hub, incorporating the construction of assembly and battery plants, ...

The media company recently taken public by Donald Trump is filing a lawsuit against its co-founders, alleging that they failed “spectacularly” in launching the company and subsequently attempted to “thwart the deal.” The lawsuit, filed in Sarasota County, Florida, civil court, aims to prevent Trump Media & Technology Group co-founders ...

In its first initial public offering for a major social media company since Pinterest went public in 2019, Reddit saw its shares surge by 48% during its debut on Thursday. The 19-year-old platform, which hosts millions of online forums, priced its IPO at $34 per share on Wednesday, at the ...

Following a 2017 collision involving a company-owned Ford truck and a motorcycle, an Indiana jury has determined that electric vehicle manufacturer Tesla and one of its employees, Kyle Kaszuba, share partial liability. The accident resulted in severe injuries to the motorcyclist, Christopher Dugan, including partial amputation, permanent disfigurement, and a ...

On Wednesday, Apple CEO Tim Cook announced a significant financial commitment to artificial intelligence, marking a noteworthy indication of the tech giant’s embrace of the prevailing generative AI trend. Speaking at Apple’s virtual annual shareholder meeting, Cook expressed the company’s recognition of the remarkable breakthrough potential within generative AI, explaining ...

The year 2023 witnessed a significant resurgence in the crypto industry, and now, venture investors are re-entering the scene. According to PitchBook’s report on Thursday, venture funding for companies associated with crypto reached $1.9 billion in the fourth quarter of 2023, indicating a 2.5% increase from the previous quarter. This ...

According to two sources reported by CNBC, Saudi Arabia has launched its inaugural alcohol store within the diplomatic quarter of Riyadh, the capital city. While the Saudi government has not officially confirmed this development, the news signifies a significant milestone in the highly conservative Muslim theocracy, where the prohibition of ...

Microchip Technology is set to receive $162 million from the Biden administration as part of efforts to bolster domestic computer chip production, marking the second funding announcement aligned with a 2022 law aimed at revitalizing U.S. semiconductor manufacturing. The financial incentives comprise $90 million earmarked for enhancing a facility in ...

Samsung has revealed plans for a press conference in San Jose, California, scheduled for January 17th, during which it will introduce its latest Galaxy phones. Positioned as Apple’s primary competitor in the smartphone market, Samsung boasts a 20% global market share compared to Apple’s 16%, according to Counterpoint Research. In ...