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Amazon.com Inc on Thursday said its operating profit could fall to zero in the current quarter as savings from layoffs do not make up for the financial impact of consumers and cloud customers clamping down on spending. And while Amazon’s holiday revenue beat Wall Street’s expectations, the company believes sales …

Apple Inc on Thursday forecast that revenue would fall for a second quarter in a row but that iPhone sales were likely to improve as production had returned to normal in China after Covid-related shutdowns. While striking an optimistic tone on sales of services and iPhones, CEO Tim Cook said …

A U.S. appeals court on Thursday declared unconstitutional a federal law making it a crime for people under domestic violence restraining orders to own firearms. The decision by a three-judge panel of the 5th U.S. Circuit Court of Appeals is the latest victory for gun rights advocates since a Supreme …