Business Blog

Houthis claim 'catastrophic' attack in Red Sea that prompted crew to abandon ship

The Iran-backed Houthi group on Sunday damaged a ship offshore Yemen, prompting its crew to abandon the vessel.

Copyright

© Zawya.com

  174 Hits

Magnificent 7 profits now exceed almost every country in the world. Should we be worried?

The so-called "Magnificent 7" U.S. tech behemoths encompass Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla.

Copyright

© Zawya.com

  179 Hits

Nintendo shares fall nearly 6% after report that the Switch 2 will be delayed until 2025

Nintendo shares fell nearly 6% after a report said the launch of the Switch 2, the next version of its flagship gaming console, would be delayed until 2025.

Copyright

© Zawya.com

  170 Hits

Lyft shares soar more than 60% on earnings beat, guidance

Lyft reported better-than-expected earnings on Tuesday and issued uplifting guidance.

Copyright

© Zawya.com

  160 Hits

Nvidia is now worth more than Amazon thanks to the AI chip boom

Nvidia surpassed Amazon in market capitalization on Tuesday.

Copyright

© Zawya.com

  172 Hits

Instacart to lay off 250 employees, or about 7% of the company, as part of restructuring

Instacart on Tuesday announced it would lay off about 250 employees, or roughly 7% of the company, alongside reporting fourth-quarter earnings.

Copyright

© Zawya.com

  172 Hits