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Amazon is shutting down its charity program amid massive companywide layoffs, claiming its 'ability to have an impact was often spread too thin'

"After almost a decade, the program has not grown to create the impact that we had originally hoped…

Jordan Hart   


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4 mins read

Cost cutting is not helping Vodafone Idea, fresh funds might ⁠— but ‘nothing is coming’

The Aditya Birla-backed telecom operator Vodafone Idea seems to have hit a rock bottom with high …

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4 mins read

India's real GDP growth could range from 7.5% to 12.5% in FY22, but economy "not out of the woods yet," says World Bank

Given the significant uncertainty pertaining to both epidemiological and policy developme…

PTI   


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MacKenzie Scott has given away over $8 billion since divorcing Jeff Bezos, but her wealth keeps rising thanks to Amazon's soaring stock price

MacKenzie Scott, a philanthropist and the ex-wife of Amazon CEO Jeff Bezos, recently gave away $2.7…

Avery Hartmans   


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4 mins read

Amazon and Microsoft kick $1 million each toward Seattle-based fund for coronavirus response as Washington state suffers 19 deaths from virus

Additionally, Microsoft has led a pledge among tech companies - including Amazon - to continue to p…

Paige Leskin   


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500 Amazon workers sign a letter asking Jeff Bezos and Andy Jassy to support Palestinians and sever contracts with the Israel Defense Forces

"Ignoring the suffering faced by Palestinians and their families at home erases our Palestinian cow…

Isobel Asher Hamilton   


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BANK OF AMERICA: Funds are falling out of love with financial stocks at a blinding pace

Fund concentration in major tech names continued to swell, the bank said, with long-only funds reac…

Ben Winck   


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Amazon to put customers on a waiting list due to increased demand

The ecommerce giant said while it has increased order capacity by more than 60 per cent due to C…

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Future Retail gets a breather for now as Delhi High Court gives the company time until the Supreme Court hearing – markets celebrate the order

Future Retail has got a breather one more time as the company appealed to the Delhi High Court to s…

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Mark Zuckerberg, Jeff Bezos, Elon Musk, and other billionaires reportedly made more than $360 billion during the pandemic

The leaders of Facebook, Tesla, and Amazon were among the US titans who accumulated the most wealth…

Zahra Tayeb   


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3 mins read

Jeff Bezos would pay an extra $2 billion a year if Washington lawmakers pass a proposed billionaire wealth tax

Washington has proposed a 1% billionaire tax, which would mainly be paid by the four richest reside…

Grace Dean   


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3 mins read

Jeff Bezos giving $10 billion to fight climate change in February was the single largest donation of 2020

From the $10 billion fund donated by Jeff Bezos for climate change, about $790 million has been giv…

Dominic-Madori Davis   


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5 mins read

Twitter sends Periscope to its app abattoir while MacKenzie Scott sets a $4 billion example for the rest of the tech billionaires

In this week's edition of the Insider Tech newsletter, we look at the death of Periscope, the feud …

Alexei Oreskovic   


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2 mins read

Twitter's Jack Dorsey pledges $1 bn for COVID-19 relief effort

"I hope this inspires others to do something similar. Life is too short, so let's do everything we …

PTI   


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51 mins read

Check out the more than 50 pitch decks fintechs used to raise millions in funding from top investors

Here's the pitch decks that fintechs used to raise millions of dollars, from seed rounds to Series …

Shannen Balogh,Anita Ramaswam…   


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4 mins read

How $349 billion was doled out, Whole Foods' heat map, and what's next for oil

How big banks decided the futures of small businesses. Whole Foods is tracking stores at risk of un…

Matt Turner   


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3 mins read

TikTok's $250 million pledge to coronavirus relief will support healthcare workers, education, and communities around the world

TikTok's $250 million pledge is one of the largest donations made by major tech organizations. Face…

Paige Leskin   


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Treasury Department readies record $112 billion bond sale to fund hefty COVID stimulus

The Treasury has already raised more than $1.46 trillion since May for record-sized stimulus, and i…

Ben Winck   


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3 mins read

Congress' coronavirus relief bill still doesn't actually guarantee paid sick leave for most American workers

Even then, around 6.5 million workers don't have access to paid sick leave at these large companies…

Joseph Zeballos-Roig   


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Gates Foundation spending an additional $150 million on coronavirus relief after Bill Gates slammed Trump for withdrawing support for WHO

The Gateses aren't the only tech billionaires who have pledged significant amounts of money to help…

Tyler Sonnemaker