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Amazon Joins Microsoft, Google in AI Race Spurred by ChatGPT
Amazon Web Services is the latest tech company to lay out its generative AI strategy. Source link
Walmart Selling Bonobos for $75 Million to Express, WHP
Business Discount retailer bought the menswear brand for $310 million in 2017 Source link
Amazon CEO Andy Jassy Commits to Cost-Cutting, Tech Investments in Shareholder Letter
Amazon.com faced one of its “harder macroeconomic years in recent memory,” Chief Executive Andy Jassy said in a letter to shareholders. Source link
Amazon’s Roomba Deal Keeps Getting Messier
Markets Heard on the Street Roomba maker’s stock has shed entire deal premium as regulatory scrutiny builds Source link
Walmart Closing Four Stores in Chicago, Citing Years of Losses
The country’s largest retailer by revenue signals some pullback from large cities. Source link
Albertsons Earnings Shrink Amid Difficult Consumer Environment
Business Earnings Supermarket chain braces for significant labor investments, inflation cost increases Source link
CarMax Picks the Profit Lane
The used-car retailer has managed to increase its gross margins in a tough selling environment. Source link
Investors Warm Back Up to Health Insurance Stocks After Selloff
Markets UnitedHealth, CVS shares have rallied in April ahead of earnings Source link
Citi Long-Serving M&A Chief to Retire
One of Citigroup’s top dealmakers, Mark Shafir, is retiring from the investment bank. Source link
Whole Foods Market Explores Building Off-Site Kitchens to Supply Food Bars
WSJ News Exclusive Business The Amazon-owned supermarket has outsourced much of its food production Source link