Amazon plunges 9%, continues Big Tech's $1 trillion wipeout as AI bubble fears ignite sell-off
Fears over AI spending have sparked a sell-off among tech stocks.

Fears over AI spending have sparked a sell-off among tech stocks.
U.S. automakers are pivoting away from EVs to refocus on gas-guzzling trucks and SUVs while Chinese manufacturers are expected to keep growing electric exports.
The automaker announced $26 billion in charges from a business restructuring that includes pulling back on electrification plans and reintroducing V8 engines.
The depiction of the Obamas, posted from Trump's Truth Social account, was included in a video pushing a conspiracy theory about 2020 election voting machines.
Some market analysts have suggested bitcoin could fall further, potentially hitting between $40,000 to $50,000.
Companies are anxious for Supreme Court ruling on Trump tariffs, but in addition to trade tax refunds, billions were paid in customs bonds and collateral.
Goldman Sachs is building AI agents with Anthropic’s Claude to automate trade accounting and client onboarding, aiming to speed work and boost efficiency.
Tech companies including Google and Microsoft are paying influencers hundreds of thousands of dollars to promote AI products.
It's still unclear if all patients, particularly those with insurance coverage, will see more cost savings from using that site to buy their medicines.
The maximum child tax credit increased to $2,200 in 2025 based on changes enacted via President Donald Trump's "big beautiful bill."
Voyager CEO Dylan Taylor said a two-year timeframe for data centers in space would be "aggressive."
Hims & Hers stock fall to a 12-month low after Novo said it's $49 Wegovy pill copy was "illegal"
Slotkin's lawyer urged U.S. Attorney Jeanine Pirro to retain her records in case the senator files a lawsuit over the probe.
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.
Indian minister shares details about India-U.S. deal timeline and New Delhi's potential to buy more American goods.
Defense companies aren't incentivized to innovate because military strength is measured by how much the government spends, said Palmer Luckey, Anduril's founder.
Sen. John Boozman said Republicans, Democrats and industry officials are working to advance crypto legislation that moved through his Senate committee.
Differences over the scope for the talks have also cast doubts on whether it will still go ahead, keeping open the risk of U.S. military action.
Reddit reported fourth-quarter earnings on Thursday in which the social media company beat on the top and bottom lines.
The poll showed that the LDP-led coalition was likely to secure more than 300 of the 465 seats in the Lower House.
Toyota Motor has announced that its chief executive Koji Sato will step down, and be replaced by the automaker’s chief financial officer, Kenta Kon.
It follows a contentious decision from Panama's top court to rule against a Hong Kong-backed firm’s right to operate two key terminals on the waterway.
Tesla remained a strong contender in China's electric vehicle scene, as the company's China-produced EV sales grew modestly in January from the year before.
Treasury Secretary Scott Bessent left the door open to suing Kevin Warsh as Fed chair in testimony to the Senate Banking, Housing and Urban Affairs Committee.