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  • Stock market today: S&P 500, Nasdaq bounce back as Amazon soars after earnings shine

    Rian Howlett , Karen Friar and Laura Bratton 2 min read US stocks bounced back Friday, with Wall Street notching weekly and monthly wins as investors embraced strong earnings from Amazon (AMZN) that eased some doubts about prospects for Big Tech. The Nasdaq Composite (^IXIC) rose 0.6%, while the S&P 500 (^GSPC) gained 0.3%, both...

  • iRobot faces bankruptcy after Elizabeth Warren helped kill $1.65 billion Amazon merger

    A struggling American manufacturer may soon face bankruptcy. This was not just the result of low sales, but of government regulators butting in. Online retail giant Amazon announced in August 2022 that it had agreed to purchase iRobot, makers of Roomba robot vacuums, for $1.65 billion. The acquisition would expand Amazon's footprint in the smart...

  • Alphabet, Amazon Stakes in Anthropic Boost Profit by Billions

    Alphabet Inc. and Amazon.com Inc. were rewarded by investors for reporting better-than-expected third-quarter profits. At both companies, earnings were boosted by the increased value of their stakes in Anthropic PBC, maker of the popular Claude chatbot.