Amazon cuts jobs in strategically important robotics division – Business Insider

One of the most fundamental changes resulting from the Financial Crisis was the transfer of mortgage risk from banks to taxpayers. By Wolf Richter for WOLF STREET. Mortgage balances rose by $98 billion (+0.7%) in Q4 from Q3, to $13.2 trillion, according to the Household Debt and Credit Report from the New York Fed, which obtained this data…

Lamborghini is slamming the brakes on its first totally electric car before it ever leaves the assembly line. CEO Stephan Winkelmann says the long-teased Lanzador EV is dead, calling a big bet on battery-only models “an expensive hobby” in a market where demand from the brand’s wealthy buyers is “close to zero,” per the London…

Masayoshi Son isn’t known for half measures. The SoftBank founder’s career has been studded with eyebrow-raising bets, each one seemingly more outrageous than the last. His latest move is to cash out his entire $5.8 billion Nvidia stake to go all in on AI. And while it surprised the business world on Tuesday, it maybe…

NEW YORK — Convenience chain 7-Eleven expects to close hundreds of its locations this year. According to earnings filings published last week, 7-Eleven’s North American operator plans to close 645 stores in the 2026 fiscal year — outpacing the 205 locations it forecasts it will open during that same time. Seven & i Holdings Co.,…

Berkshire Hathaway now has three of the leading AI stocks in its portfolio. The release of Berkshire Hathaway‘s quarterly 13F filing with the Securities and Exchange Commission is always an exciting moment for Warren Buffett’s followers. This public filing details trades by his holding company during the quarter, making for some great table talk and…

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