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Business

Amazon Smashes Holiday Sales Records: Alexa Devices and More Fly Off Shelves

Amazon.com Inc. announced that its Black Friday week and Cyber Monday deal event was the biggest Thanksgiving holiday shopping event ever. Sales of Alexa-enabled devices, including...

Business

Exxon Mobil Taps Former GM President to Lead Oil and Gas Division

Exxon Mobil announced that Dan Ammann, former president of General Motors, will become president of its oil and gas production division, effective February 1, 2025. Ammann has been...

Business

Amazon Unveils 'Ultracluster': A Revolutionary AI Supercomputer

Amazon Web Services announces 'Ultracluster,' a revolutionary AI supercomputer powered by Trainium chips, set to launch in 2025 and support AI startup Anthropic. The Ultracluster o...

Business

South Korea's Martial Law Declaration Raises Concerns in Kremlin

The Kremlin is closely monitoring the situation in South Korea, where President Yoon Suk-yeol has declared martial law. Kremlin spokesman Dmitry Peskov described the situation as a...

Business

PwC and AWS Join Forces to Revolutionize Generative AI

PwC announced an enhanced strategic relationship with AWS to catalyze generative AI-powered transformation for industry customers, leveraging AWS's GenAI services including Amazon ...

Business

Salesforce Q3 Revenue Surges 8% to $9.44B, Beating Analysts' Expectations

Salesforce Inc. reported Q3 revenue of $9.44 billion, an 8% increase year-over-year, surpassing analysts' expectations. The company also saw a 25% rise in diluted earnings per shar...

Business

Microsoft Accuses FTC of Leaking Probe Details to Media

Microsoft Corporation has accused the United States Federal Trade Commission (FTC) of leaking information about an ongoing antitrust probe to the media. In a letter, Microsoft's Co...

Business

New Banking Laws Strengthen Governance and Protect Investors

Finance Minister Nirmala Sitharaman announced that public sector banks are now safe and stable, following the Lok Sabha's approval of amendments to banking laws. These amendments i...