Business and Finance

Amazon one-ups its rivals on capex spending, but investors are already worried over AI valuations

People walk by the exhibit for Amazon Web Services (AWS) at National Retail Federation (NRF) 2026: Retail’s Big Show, in New York City, U.S., Jan. 12, 2026. Kylie Cooper | Reuters Amazon is following in the footsteps of fellow tech giant Microsoft, and not in a good way. Shares of the e-commerce and cloud giant […]

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Tesla maintains competitive showing in China-made EV sales despite industry headwinds

Tesla remained a strong contender in Beijing’s competitive electric vehicle scene, as the company’s China-produced EV sales grew modestly in January from the year before, amid a broader industry slowdown. According to data published by the China Passenger Car Association on Wednesday, January deliveries from Tesla’s Shanghai Gigafactory rose by 9% to 69,129 units, from

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Stellantis $26 billion hit overhauling its business

Automaker Stellantis said on Friday it expects to take a roughly 22-billion-euro ($26 billion) hit as it overhauls its business to accelerate the rollout of electric and hybrid vehicles. “The charges announced today largely reflect the cost of over-estimating the pace of the energy transition that distanced us from many car buyers’ real-world needs, means

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Toyota promotes finance chief Kenta Kon as CEO in second leadership change in 3 years

A Toyota dealership is seen on November 19, 2025 in Austin, Texas. Brandon Bell | Getty Images Toyota Motor announced Friday that Chief Executive Officer Koji Sato will step down and be replaced by its Chief Financial Officer, Kenta Kon, marking the automaker’s second CEO transition in three years. The leadership shakeup will take effect

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India’s central bank keeps policy rates steady at 5.25% as U.S., EU trade deals ease growth concerns

Newly appointed Reserve Bank of India Governor Sanjay Malhotra after addressing a press conference, in Mumbai on Dec. 11, 2024. Indranil Mukherjee | Afp | Getty Images India’s central bank on Friday kept its policy rates unchanged, as trade deals with the E.U. and the U.S. are set to support the world’s fastest growing large

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Is it ‘illogical’ panic or a SaaS apocalypse?

Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images The software sector faced renewed market concerns this week after artificial intelligence company Anthropic released new AI tools, triggering a sell-off in software-as-a-service and data provider stocks.  Anthropic’s new AI tools, built for its Claude “Cowork” AI agent, are designed to handle complex professional workflows that

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U.S.-China power struggle thrusts Panama Canal back into the spotlight

This aerial view shows the Taiwanese cargo ship Yang Ming sailing out of the Panama Canal on the Pacific side in Panama City on October 6, 2025. Martin Bernetti | Afp | Getty Images A simmering dispute over two container ports at either end of the Panama Canal risks becoming a geopolitical flashpoint between the

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Asia-Pacific markets see another weak session as tech sell off deepens

Restored Cheonggyecheon at night, Seoul. Renan Gicquel | Moment Open | Getty Images South Korea’s Kospi plunged as much as 5% Friday, leading another weak session in Asia markets after the tech sell-off turned into a rout on Wall Street. The South Korean index pared losses and was last down 3.65%; the small-cap Kosdaq was

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Roblox shares rocket on earnings beat, strong forecast

Roblox Corp. headquarters in San Mateo, California, Feb. 3, 2026. David Paul Morris | Bloomberg | Getty Images Roblox shares surged as much as 20% in extended trading Thursday after the company reported results for the fourth fiscal quarter that beat consensus estimates. Here’s how the gaming company did, compared with estimates from analysts polled

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