Amazon CEO says tariffs are starting to drive up prices
Amazon CEO Andy Jassy says tariffs are starting to drive up product prices, as inventory buffers built to keep costs low have largely run out.
Monday, August 3, 2026
Sections
Amazon CEO Andy Jassy says tariffs are starting to drive up product prices, as inventory buffers built to keep costs low have largely run out.
OSHA has issued seven serious violations and $115,850 in fines to SpaceX following a crane collapse at its Starbase facility in Texas.
The Oversight Board is reviewing its first permanent account ban case, a move that could influence how Meta handles abuse and harassment against public figures.
BioticsAI has received FDA clearance for its AI-powered fetal ultrasound software, designed to improve prenatal care and reduce misdiagnosis rates in the U.S.
California’s proposed 5% wealth tax on billionaires faces fierce opposition from tech elites who argue the policy, which targets voting shares, is poorly defined.
Wesleyan professor Mary-Jane Rubenstein warns that commercial space expansion ignores critical labor rights, resource ownership ethics, and geopolitical risks like the Wolf Amendment.
Judges have allowed work to resume on several East Coast offshore wind projects, dealing a legal setback to the Trump administration’s attempt to halt them on security grounds.
Elon Musk is seeking up to $134 billion in damages from OpenAI and Microsoft, alleging the company defrauded him by abandoning its original nonprofit mission.
California’s attorney general issued a cease-and-desist to xAI, demanding the company stop its Grok chatbot from generating nonconsensual sexual imagery and child sexual abuse material within five days.
Nicholas Moore, 24, pleaded guilty to hacking the U.S. Supreme Court, AmeriCorps, and the Department of Veterans Affairs, posting stolen government data on Instagram.
Canada is slashing its import tax on Chinese EVs from 100% to 6.1%, while implementing an initial annual import cap of 49,000 vehicles.
Italy has launched two investigations into Activision Blizzard, alleging the company may be using misleading sales practices for its mobile games, including Diablo Immortal and Call of Duty Mobile.
A federal judge rejected dismissal requests from OpenAI and Microsoft, scheduling a jury trial for late April regarding the company's nonprofit commitments and partnership.
Iran’s government has blocked internet access for 92 million people for more than a week, marking one of the longest nationwide shutdowns on record amid ongoing protests.
US senators are demanding major tech companies provide proof of robust protections against sexualized deepfakes, citing failures in current platform guardrails.
The Indian Supreme Court ruled against Tiger Global in a tax case, potentially raising tax risks for global funds using offshore structures for cross-border deals.
WhatsApp is exempting Brazil from its ban on third-party AI chatbots on its Business API, following regulatory pressure from Brazil's competition regulator.
The FTC has finalized an order restricting General Motors from sharing certain consumer data with reporting agencies and mandating explicit consent for specific data collection.
California's attorney general opened an investigation into xAI's Grok chatbot over nonconsensual sexual images, hours after Elon Musk denied being aware of any Grok-generated naked images of minors.
Governor Kathy Hochul plans to introduce legislation to legalize robotaxis across New York state, though the proposal explicitly excludes New York City from the rollout.