City Seattle Financial News

30.04 / 23:39

markets CEO Research Trade performer 2020 Traffic Starbucks lowers guidance, promises new drinks and deals after customer traffic fell in weak Q2

Starbucks lowered expectations for its full-year sales and profit Tuesday after a disastrous quarter that saw a slowdown in store visits across the world. The Seattle coffee giant said revenue for the January-March period dropped 2% to $8.56 billion. That was far short of Wall Street's forecast of $9.12 billion, according to analysts polled by FactSet.

30.04 / 23:25

markets UPS 2020 reports Traffic Starbucks reports weaker-than-expected fiscal Q2 results as customer traffic slows

Starbucks is reporting weaker-than-expected sales in its fiscal second quarter as customer traffic dried up in many key markets

30.04 / 23:25

COST CEO economy Trade reports rights Videos Amazon reports strong 1Q results driven by its cloud-computing unit and Prime Video ad dollars

Amazon has reported strong results for the first quarter

30.04 / 22:33

UPS Binance CEO security reports Department Binance Founder Changpeng 'CZ' Zhao Sentenced to 4 Months in Prison

Binance founder and former CEO Changpeng 'CZ' Zhao was sentenced to four months in prison in a Seattle courthouse on Tuesday, the AP reported.

30.04 / 21:37

Binance CEO CZ Justice stage Department Courts Breaking: Binance Founder Changpeng ‘CZ’ Zhao Sentenced to 4 Months of Prison for Money Laundering

A Seattle courtroom became the stage for a major moment in the cryptocurrency industry as former Binance CEO Changpeng ‘CZ’ Zhao received a four-month prison sentence. The sentencing followed Zhao’s guilty plea to money-laundering violations late last year, marking a turning point for the industry giant and its influential founder.

30.04 / 16:29

Citi Provident Career Bill 2020 reports Colleges These cities raised taxes — for child care. Parents say the free day care 'changed my life'

A growing number of cities are passing tax increases to expand access to child care

30.04 / 16:29

Binance CEO Platform Trade Actor Justice Department Binance founder Changpeng Zhao faces sentencing; US seeks 3-year term for allowing money laundering

Changpeng Zhao, the founder of Binance, the world’s largest cryptocurrency exchange, faces sentencing in a Seattle courtroom

30.04 / 16:07

markets UPS pandemic show track reports Home prices surge to another record high in February

Real estate agent Mauricio Umansky says high mortgage rates, high prices and low supply are creating difficulties for homebuyers on 'The Claman Countdown.'

30.04 / 16:05

Target Google Apple Experts Universities reports Features Apple forms secretive AI lab in Zurich, hiring 36 ex-Google experts to target advanced AI development: Report

Apple has hired 36 specialists from Google, following the recruitment of John Giannandrea, Google's former head of AI, as Apple's top AI executive. Additionally, the Zurich lab has attracted notable AI experts, including ex-Google employees like Bengio and Ruoming Pang, adds the report. Apple's primary AI development centers are located in California and Seattle, but the Zurich lab reportedly represents the company's increased commitment to AI.

29.04 / 21:45

Career 2020 rights Sporting Sue Bird says joining ownership group of the Seattle Storm felt inevitable

Sue Bird says becoming a part-owner of the only WNBA franchise she ever played for felt like an inevitability

28.04 / 12:42

markets COST UPS Trade President show social Rooting for Trump to fail has made his stock shorters millions

Rooting for Donald Trump to fail has rarely been this profitable

28.04 / 12:41

Google CEO Adobe security NVIDIA IBM reports Tech CEOs Altman, Nadella, Pichai and others join government AI safety board led by DHS' Mayorkas

The CEOs of leading U_S_ technology companies are joining a new artificial intelligence safety board to advise the federal government on how to protect the nation’s critical services from “AI-related disruptions.”

25.04 / 15:33

CEO Dreams Kraken NHL Videos Sporting Seattle Kraken move games to over-the-air broadcaster with streaming on Amazon's Prime Video

The Seattle Kraken will move their games to an over-the-air broadcaster and have a streaming partnership with Amazon’s Prime Video beginning with the 2024-25 season

24.04 / 21:15

Software Parke Tesla Death reports Updates Investigations Tesla driver in Seattle-area crash that killed motorcyclist told police he was using Autopilot

A Tesla that may have been operating on the company’s Autopilot driving system has hit and killed a motorcyclist near Seattle

24.04 / 20:35

Man Fox Tesla Death love reports Courts Tesla driver using autopilot mode charged with vehicular homicide in death of motorcyclist

A Tesla driver has been charged with vehicular homicide after a motorcyclist was struck and killed in Washington April 19, 2024, FOX 13 Seattle reports.

24.04 / 17:52

Provident Google Platform Racing Strategy Software President Amazon introduces custom AI capabilities in race against cloud rivals

Amazon.com will let companies use their own generative artificial-intelligence models inside its AI app development platform, part of a package of moves the cloud-computing giant is launching to keep up with its rivals in AI. Amazon Web Services said “tens of thousands" of businesses are using Bedrock, its AI app development platform.

24.04 / 07:27

UPS Binance CEO Actor consequences Courts Binance Founder Changpeng Zhao Faces 3-Year Prison Sentence for Money Laundering

US prosecutors are seeking a 3-year prison term for Binance founder Changpeng Zhao, per a Tuesday court filing.

24.04 / 07:11

UPS Binance consequences reports guidelines Courts US seeks 36 months in jail for Binance founder Changpeng Zhao

Changpeng Zhao, the founder of Binance, the world's largest cryptocurrency exchange, should serve 36 months in prison after pleading guilty to violating laws against money laundering, U.S. prosecutors said in a court filing on Tuesday. Zhao, who is expected to be sentenced on April 30 in Seattle, stepped down as Binance's chief last November, when he and the exchange admitted to the violations, and the firm agreed to a penalty of $4.32 billion.

23.04 / 08:30

COST UPS Provident Parke Edison show How Amazon became the largest private EV charging operator in the U.S.

Amazon.com Inc.‘s Maple Valley, Washington, warehouse is built for speed. At night, big rigs pull up to one end to unload boxes and padded mailers – some after a short drive from a bigger warehouse down the road, others following a flight in the hold of a cargo plane. Waiting employees scan, sort and load them into rolling racks.

23.04 / 08:28

COST UPS Career country reports Department Colleges America’s child care crisis is holding back moms without college degrees

The high costs and limited availability of quality child care are holding back American moms without college degrees

19.04 / 05:59

markets UPS Sustainability ICE President testing Booming cold drink sales mean more plastic waste. So Starbucks redesigned its cups

Booming sales of cold drinks at Starbucks stores have created a problem: growing amounts of plastic waste from the single-use cups that Frappuccinos, Refreshers, cold brews and other iced drinks are served in

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