Amazon invested over $5 million in a New York political campaign to oppose a NYC Council bill that would require the company to directly employ its delivery drivers instead of using third-party contractors. The Delivery Protection Act, supported by Mayor Zohran Mamdani and Council Member Tiffany Caban, aims to regulate last-mile delivery by mandating direct employment to improve accountability and worker protections. Amazon argues the bill threatens small businesses and could lead to relocating operations outside the city, while supporters say it fights exploitative subcontracting. The bill has strong council support and could make New York the first U.S. city to enforce such regulations.
On July 29, 2026, Vanguard changed the benchmark index for its Growth ETF (VUG) from the CRSP US Large Cap Growth Index to the Morningstar US Large Cap Growth Index following Morningstar's acquisition of CRSP. The fund's investment strategy and holdi...
Meta released Glimmer, an open-weight AI model available for anyone to run on their hardware, contrasting with its more restricted Muse Spark model. This launch coincides with Mark Zuckerberg's call for AI to be accessible to all, not just controlled...
Bill Ackman, through Pershing Square, has re-entered Netflix with a new position of about 3 million shares, representing roughly 4.9% of his portfolio. This move marks a reversal from his 2022 exit when he sold at a loss after subscriber numbers disa...
Tech leaders like Elon Musk's SpaceX and Jeff Bezos' Blue Origin are pushing to build data centers in orbit, aiming to reduce costs and leverage solar power. This emerging market could be worth hundreds of billions but poses unique risks including la...
The Investment Company of America (AIVSX), a large-cap U.S. stock fund launched in the 1930s, continues to perform well with $165.9 billion in assets as of March 2026. It returned nearly 273% over the past decade, showing resilience through major mar...
