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EBay Reports Strong Holiday Quarter, Expands Buyback Plan

(Bloomberg) -- EBay Inc. posted a strong holiday quarter, giving investors fresh hope that the company can boost profits following steep job cuts.Most Read from BloombergApple to Wind Down Electric Car Effort After Decadelong OdysseyA Spike in Heart Disease Deaths Since Covid Is Puzzling ScientistsOffice Tower Deal for $1 Reveals Anxiety Among Longtime BuyersNigeria Delivers Jumbo Rate Hike to Aid Its Battered NairaNvidia’s $70 Million Florida Supercomputer Hobbled by DeSantis LawThe company als

California , United-states , New-york , Bloomberg-businessweek , Jamie-iannone , Bloomberg-ebay-inc , Bloomberg , Ebay , Walmart-inc , San-jose , Executive-officer-jamie-iannone , Bay

Big Tech's Roaring Profit Machine Eases Fears of Rally Reversal

(Bloomberg) -- This earnings season has underlined that the big technology trade is here to stay, alleviating investor concerns that AI euphoria would falter after driving 2023’s market rally. Most Read from BloombergA Spike in Heart Disease Deaths Since Covid Is Puzzling ScientistsBYD’s New $233,450 EV Supercar to Rival Ferrari, LamborghiniNigeria Delivers Jumbo Rate Hike to Aid Its Battered NairaTreasuries Mixed Amid Another Flurry of Bond Sales: Markets WrapThe Magnificent Seven group of tech

Abu-dhabi , Abuz-aby , United-arab-emirates , China , London , City-of , United-kingdom , New-york , United-states , Chinese , Ken-mahoney , Bloomberg-businessweek

Investors Flee Tumbling EV Upstarts Once Hailed as 'Next Tesla'

(Bloomberg) -- There was a time when the backing of some of the world’s deepest pockets and the mere ambition to sell electric cars was enough to inspire confidence in the stocks of upstarts Rivian Automotive Inc. and Lucid Group Inc. Now investors have all but thrown in the towel on the shares.Most Read from BloombergBuffett Says ‘Eye-Popping’ Results Unlikely With Record CashBezos, Nvidia Join OpenAI in Funding Humanoid Robot StartupUS Unveils Biggest Sanctions Package on Russia Since War Bega

Saudi-arabia , California , United-states , Irvine , Saudis , Adam-jonas , David-mazza , David-wagner , Bloomberg-businessweek , Tesla-inc , Saudi-arabia-public-investment-fund , Rivian-automotive-inc

Nvidia Overtakes Alphabet, One Day After Eclipsing Amazon

(Bloomberg) -- There seems to be no stopping Nvidia Corp.’s scorching rally. The day after surpassing the market value of Amazon.com Inc., the chip giant has now overtaken Alphabet Inc. as well.Most Read from BloombergThe Brutal Reality of Plunging Office Values Is HereDip Buyers Wade Back In to Fuel Wall Street Gains: Markets WrapIsrael Pulls Out of Peace Talks Over ‘Delusional’ Hamas DemandsMusk Says Putin Can’t Lose in Ukraine, Opposes Senate BillLyft’s CEO Says ‘My Bad’ on Margin Error, ‘It

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'I Love Miami' – Jeff Bezos Plans To Unload A Massive Amount Of Amazon Shares, But Moving To Florida Will Save Him $600 Million In Taxes

Jeff Bezos, the founder of Amazon.com Inc., has made the strategic decision to sell up to 50 million shares of Amazon stock, a move that comes amid his transition from Seattle to Miami. The decision, detailed in a regulatory filing, outlines a trading plan set to conclude by Jan. 31, 2025. Bezos’s relocation is not only a financial maneuver but also a personal decision, influenced by family ties and business operations. In an Instagram post, Bezos shared the emotional weight behind his move, emp

Seattle , Washington , United-states , Miami , Florida , New-york , Mackenzie-scott , Jeff-bezos , Instagram , Blue-origin , Miami-palmetto-high-class , Jeff-bezos-backed

How 20 Startup Failures And An 'Empty Refrigerator' Inspired Apoorva Mehta To Found Instacart And Become A Billionaire

In entrepreneurship, success often comes after overcoming numerous failures and setbacks. Apoorva Mehta, a 37-year-old serial entrepreneur, founded around 20 failed startups before changing online grocery shopping with Instacart. Born in 1986 in Jodhpur, India, Mehta and his family moved to Ontario, Canada, when he was 14. He attended the University of Waterloo, where he graduated with an electrical engineering degree. He worked for several months at BlackBerry and Qualcomm Inc., before finding

Canada , India , San-francisco , California , United-states , Waterloo , Ontario , America , Apoorva-mehta , Mark-cuban , Linkedin , Kroger-co

Bezos Discloses Plan to Sell Up to 50 Million Amazon Shares as Stock Surges

(Bloomberg) -- Jeff Bezos plans to sell as many as 50 million shares of Amazon.com Inc. over the next 12 months, potentially cashing in on a stock surge that’s put him within reach of becoming the world’s richest person.Most Read from BloombergDonald Trump Loses London Case Against Ex-MI6 Spy Over Kremlin DossierA $560 Billion Property Warning Hits Banks From NY to TokyoThe Most Popular Man in Ukraine Has Become a Problem for ZelenskiyApple’s China Slump Deepens Even as Total Sales Grow AgainSto

Delaware , United-states , Washington , Seattle , California , Miami , Florida , Bloomberg-jeff-bezos , Jack-witzig , Elon-musk , Bloomberg-businessweek , Exchange-commission

US Wants Cloud Firms to Reveal Foreign Clients in China AI Race

(Bloomberg) -- The US wants cloud services providers such as Amazon.com Inc. and Microsoft Corp. to actively investigate and call out foreign clients developing artificial intelligence applications on their platforms, escalating a tech conflict between Washington and Beijing.Most Read from BloombergSingapore’s $200,000 Toyotas Fuel Angst Over Wealth GapTraders Line Up for ‘Once-in-a-Generation’ Emerging Markets BetThree US Troops Killed in Attack Tied to Iran-Backed GroupsHouthi Hit on Russian F

Washington , United-states , China , Beijing , American , Chinese , Bloomberg-businessweek , Joe-biden , Gina-raimondo , Commerce-department , Microsoft-corp , Google

Apple Lags as Microsoft Sales Hit Highs: US Earnings Week Ahead

(Bloomberg) -- Five of the so-called Magnificent Seven tech megacaps will report earnings next week, with artificial-intelligence investment, regulatory challenges and waning China demand among the shared themes in focus. Most Read from BloombergUS Fires on Houthi Missile Hours After Trafigura Ship AttackGiuliani Lists Yankees Loot, Trump Claim as Assets in BankruptcyMacKenzie Scott Pares Her Amazon Stake by $10 BillionGas-Addicted Europe Trades One Energy Risk for AnotherSingapore’s $200,000 To

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Stock Market's Fate Rests on $10 Trillion in Big Tech Earnings

(Bloomberg) -- Investors wondering where the S&P 500 is headed, at least for the next month or so, will want to pay attention to three key days this week.Most Read from BloombergSingapore’s $200,000 Toyotas Fuel Angst Over Widening Wealth GapHouthi Hit on Russian Fuel Has Oil Traders Recalculating RisksUS Fires on Houthi Missile Hours After Trafigura Ship AttackGiuliani Lists Yankees Loot, Trump Claim as Assets in BankruptcyChinese Engineers Are Keeping Russia’s Metal Furnaces FiringBetween Tues

United-states , America , Bloomberg-businessweek , Chris-zaccarelli , Jason-benowitz , Jerome-powell , Nvidia , Advisor-alliance , Alphabet-inc , Microsoft , Federal-reserve , Bloomberg