FOX Business Briefs 7/1
Stocks wrapped up first half of the year with fresh records; Renault to take $11 billion hit on its stake in Nissan; L'Oréal to acquire fast-growing professional haircare brand; Amazon on cusp of using more robots than humans in warehouses.
Amazon Prime members brace for sticker shock as analysts predict imminent price hike
The cost of an Amazon Prime membership could potentially rise next year and be a boon for the e-commerce giant's net sales, according to J.P.Morgan analyst Doug Anmuth.
Amazon can ‘weather the tariff storm’ better than any other company: Mark Mahaney
Evercore ISI senior managing director Mark Mahaney discusses how tech companies are embracing artificial intelligence and more on ‘Varney & Co.’
Amazon to spend $4B to expand Prime delivery services to rural America
E-commerce giant Amazon is investing $4 billion with a focus on rural delivery expansion that will allow it to reach 4,000 smaller communities with same-day and next-day shipping.
Tesla stock soars following Austin AI robotaxi event
Elon Musk's Tesla enters the self-driving taxi game, an industry with big names like Waymo and Zoox in the U.S.
Amazon CEO says AI will reduce his company's workforce
Amazon CEO warns AI will reduce corporate workforce as the company embraces generative AI technology, urging employees to adapt in the transformation.
Amazon announces $20B investment in rural Pennsylvania for AI data centers
Amazon's $20 billion investment in a Pennsylvania AI data center marks the state's largest corporate investment amid nationwide infrastructure expansion.
Walmart expands drone delivery service to 3 more states in race against Amazon
Walmart is expanding its drone delivery service to three more states in a bid to compete with rival Amazon.
Amazon to invest $10B in North Carolina for AI data centers
Amazon is investing $10 billion in North Carolina data centers in an effort to focus on the continued development of generative artificial intelligence.
Nike returns to sell footwear, apparel on Amazon for the first time since 2019
Nike is returning to Amazon as it invests in its marketplace 'to ensure we're offering the right products, best services, and tailored experiences to consumers'
Trump threatens to slap higher tariffs on EU, Apple
Evercore ISI senior managing director Mark Mahaney joins ‘Varney & Co.’ to discuss his top stock picks as President Donald Trump threatens new tariffs on Apple and the European Union.
Amazon gives some customers refunds for returns made years ago
Amazon is doling out refunds to some customers for merchandise they had previously sent back to the Washington-based e-commerce giant.
Amazon and FedEx reach delivery deal following pullback by UPS
Amazon and FedEx have entered a package delivery deal, with FedEx becoming "one of several third-party partners to deliver packages" to Amazon customers.
FOX Business Briefs 5/13
UnitedHealth Group CEO Andrew Witty is stepping down; Honda, Nissan expects to be hit hard by U.S. tariffs; United adds caviar service in race for super premium travelers; Amazon is expanding ads on Prime Video.
American CEOs Elon Musk, Sam Altman, Larry Fink join Trump at Saudi royal court
Business leaders including Elon Musk and Sam Altman are joining Donald Trump Tuesday in Saudi Arabia as the president is kicking off his Middle East visit.
Apple CEO says Trump tariffs could cost tech titan $900M
'The Big Money Show' panel discusses President Donald Trump's tariff strategy after Apple moved most iPhone production out of China.
Jeff Bezos to sell nearly $5B of Amazon stock
Billionaire Jeff Bezos adopted a trading plan to offload up to 25 million Amazon shares in the coming months, according to a new Securities and Exchange Commission filing.
Amazon, Meta can handle 'market challenges' better than most, investor says
Evercore ISI senior managing director Mark Mahaney analyzes Amazon's earnings and explains why he raised his Meta price target on 'Varney & Co.'
FOX Business Briefs 4/29
GM net income slid in the first quarter on weaker sales of trucks, SUVs; Trump to soften blow of automotive tariffs; UPS to cut 20,000 jobs; Coca-Cola says market is ‘manageable’ despite loss of net revenue; Royal Caribbean is raising its forecast.
Amazon takes first step toward satellite internet service with successful launch
Amazon's Project Kuiper launched 27 satellites into space in what is the company’s first step toward rivaling Elon Musk's Starlink satellite constellation.