Packages ride on a conveyor belt during Cyber Monday, one of the company’s busiest days at an Amazon fulfillment center on December 2, 2024 in Orlando, Florida. Miguel J. Rodriguez Carrillo | Getty ImagesAmazon is laying off roughly 200 employees in its North America stores division, the company confirmed.The core retail business, which Amazon also refers to as its stores division, encompasses a wide range of divisions, including its private label brands, Prime membership program, and consumables business.”We’ve adjusted parts of our North America Stores team because we believe this structure will better enable us to deliver on our priorities,” an…
Author: usaeverydaylife
PORTLAND, Ore. — Rayan Rupert reaches into his Trail Blazers locker to fetch his “French” cellphone, the one he uses when he’s back in his homeland, and the one with pictures from his youth. He scrolls and finds a photo from 2015 when he was 11.In the photo, he is standing next to NBA forward Nicolas Batum, who had just concluded his 10-day youth basketball camp in Le Mans, France. Twenty minutes before the photo, Batum had announced Rupert as one of three recipients of his most valuable player award, which meant an all-expense paid trip to Charlotte, N.C., to…
Polestar 3Courtesy: PolestarPolestar’s CEO said on Thursday it would take longer for the Swedish EV maker to be profitable after the company reported it sold fewer cars in 2024 than it had projected, sending the company’s U.S.-listed shares down about 9% in premarket trading.The company, backed by China’s Geely, has struggled to scale up its business amid weakening demand for electric vehicles and intensifying competition from legacy manufacturers.Over the past year, Polestar has tried to overhaul its business, including a major management reshuffle with the appointment of industry veteran Michael Lohscheller as CEO, as well as several new executives including…
Omar Marques | Lightrocket | Getty ImagesMicrosoft is adding artificial intelligence tools to its consumer Microsoft 365 bundle and bumping up the price for the first time since introducing subscriptions 12 years ago.In a blog post Thursday, Microsoft said it’s bringing its Copilot AI assistant into the Word, Excel, PowerPoint, Outlook and OneNote applications for consumers who have the Microsoft 365 suite.The increase of $3 per month is meant “to reflect the extensive subscription benefits that we’ve added over the past 12 years and enable us to deliver new innovations for years to come,” Bryan Rognier, vice president of Microsoft 365…
Tim Cook, chief executive officer of Apple Inc., during the first day of in-store sales of Apple’s latest products at Apple’s Fifth Avenue store in New York, US, on Friday, Sept. 20, 2024. Victor J. Blue | Bloomberg | Getty ImagesApple stock closed down 4% on Thursday, its worst day since Aug. 5, following several reports of lackluster iPhone sales in China.The iPhone maker’s stock price is down nearly 12% from its most recent peak in December, and it’s the worst-performing of the seven largest technology stocks so far in 2025.The slide comes after a Thursday report from Canalys, a market…
The intensity of the NFL playoffs always seems to heighten for the divisional round. The top seeds are coming off their bye weeks, and the bracket comes into focus after the re-seeding following the wild-card round. Each of these teams now fully believes it belongs in its conference championship game, and they’re all just one step away.It’s shaping up to be a heck of a weekend, too. All four home teams are viewed as bona fide Super Bowl contenders, but the quartet of road teams should be confident enough to pull off an upset after impressive showings in their postseason…
Mark Carney, one of the world’s most prominent central bankers and an evangelist of green investment, announced on Thursday that he was running to be leader of Canada’s Liberal Party and the country’s next prime minister. If he wins, he would lead the party into national elections this year.“I’m here to ask for your support,” Mr. Carney, 59, said as he announced his candidacy in Edmonton, Alberta. “I’m here to earn your trust.’’Mr. Carney also said the country faced major challenges that he was prepared to take on. “My generation of Canadians is lucky,” he said. “We had a good…
Despite the devastation being wrought by the wildfires in California, the disasters should not have a big impact on the municipal bond market, according to Wells Fargo. The interest earned on municipal bonds are free from federal tax and may be exempt from state and local taxes if the investor resides in the same state as the issuer. As a result, munis are favored by wealthy investors, especially those in high-tax states — including California. More than 150 wildfires have spread across southern California since last week, scorching about 41,000 acres and destroying at least 12,300 structures . At least…
Jonathan Gray, president and chief operating officer of Blackstone Inc., from left, Ron O’Hanley, chief executive officer of State Street Corp., Ted Pick, chief executive officer of Morgan Stanley, Marc Rowan, chief executive officer of Apollo Global Management LLC, and David Solomon, chief executive officer of Goldman Sachs Group Inc., during the Global Financial Leaders’ Investment Summit in Hong Kong, China, on Tuesday, Nov. 19, 2024.Paul Yeung | Bloomberg | Getty ImagesAmerican investment banks just disclosed a record-smashing quarter, helped by surging trading activity around the U.S. election and a pickup in investment banking deal flow.Traders at JPMorgan Chase, for…
The NFL is down to its final eight teams and historically this weekend’s games are viewership powerhouses. Last year, the NFL’s divisional round, led by a mega-matchup between the Buffalo Bills and the Kansas City Chiefs, averaged a whopping 40.0 million viewers, the highest audience number on record, dating to 1988. Kansas City’s win at Buffalo led the way with 50.4 million viewers, the most-watched divisional round game on record.There are plenty of stories at The Athletic projecting what might happen this weekend. On the media front, Tom Brady will once again find the spotlight as Fox’s lead NFL analyst,…
