FedEx sales plummet as pandemic shipping boom wanes
Key Points FedEx sales fell as the pandemic boom in shipping demand slowed. The
Winnebago sales are affected by lower demand and discounts
Key Points Shares RV maker Winnebago tumbled on Wednesday as sales beat estimates on
Rivian joins EV makers adopting Tesla's charging station standard
Key takeaways Rivian has joined other electric vehicle manufacturers in adopting Tesla's charging station
DraftKings and Fanatics in bidding war for PointsBet's US assets
Key takeaways DraftKings Makes Higher Bid Than Fanatics For PointsBet's US Assets. $195M Bid
Can Alibaba's surprise management reshuffle and focus on the cloud help it beat Amazon and Microsoft?
By surprise, the CEO of Alibaba (BABA) leaves the helm as the company restructures
Eli Lilly buys DICE Therapeutics for $2.4 billion
Key Points Eli Lilly has agreed to buy DICE Therapeutics for $2.4 billion. The
Intel increases investment in German wafer manufacturing site to $33 billion
Key Points Intel nearly doubled spending for two factories in Germany to around $33
Amazon's purchase of iRobot approved by UK regulators
Key Points Realm UK regulators have approved Amazon's $1.7 billion purchase of iRobot. Officials
Virgin Galactic Shares Rise After Announcement of First Space Sightseeing Flights
Key Points Blank Galactic shares soared after announcing that it would begin offering commercial
AI Excitement Fuels Adobe Gains
Key Points Adobe posted record second-quarter revenue as its use of AI boosted demand.