New York City Mayor Zohran Mamdani and Amazon founder Jeff Bezos publicly disagreed over the impact of taxing billionaires on helping working-class New Yorkers. Bezos argued that doubling his taxes wouldn't aid a Queens teacher and advocated for eliminating federal income taxes for the bottom half of earners to better support working-class Americans. Mamdani countered by highlighting that some teachers would disagree with Bezos's claim. The debate coincides with Mamdani and Governor Kathy Hochul's support for a new pied-à-terre tax on luxury second homes worth $5 million or more, aimed at generating revenue to address city affordability and fund services. The proposed tax could raise between $340 million and $500 million annually, though some officials warn actual revenue might be lower due to changes in owner behavior.
Nvidia CEO Jensen Huang announced at a Goldman Sachs conference that the company expects its revenue to grow by 70% year-over-year next year, potentially reaching around $680 billion. This bullish outlook is supported by strong demand for Nvidia's ad...
Amazon has introduced new shopping features integrated with its Prime Video X-Ray experience, allowing viewers to discover and buy products related to the content they watch. Users can now access a "Shop" tab via the Fire TV remote during playback, l...
Walmart is expanding tap-to-pay options across its U.S. stores, allowing Apple Pay, Google Pay, Samsung Pay, and contactless cards to enhance checkout convenience and focus on broader customer engagement rather than controlling payment methods. Meanw...
Google has signed a long-term contract to buy half the output of Finland's Loviisa nuclear power plant through 2049, locking in stable, low-carbon electricity costs for its AI infrastructure. This deal turns a volatile expense—wholesale electricity—i...
Amazon raised £4.25 billion in London, sparking questions about whether the US debt market is saturated. The company’s capital spending, especially on AWS and AI, has driven long-term debt up to $119.1 billion. Despite a strong order book and favorab...
