Amazon has overtaken Walmart to become the world’s largest company by annual revenue, marking a historic shift in the long-running rivalry between the two retail giants. Walmart reported revenue of $713.2 billion for its most recent fiscal year, narrowly trailing Amazon’s $716.9 billion. The development had been anticipated for months after Amazon first exceeded Walmart in quarterly sales roughly a year ago, signaling a gradual but decisive change in the competitive landscape. W

James Van Der Beek, the actor widely recognized for his breakout role on television drama Dawson’s Creek and the sports film Varsity Blues, has died following a battle with stage 3 colorectal cancer. He was 47. His wife, Kimberly Van Der Beek, confirmed his death in a message shared on social media, describing his final days as peaceful and marked by courage, faith, and grace as the family gathered around him. In her statement, Kimberly said he faced the end of his life with stren

Amazon shares fell sharply on Friday, sliding more than 9% after the company outlined an aggressive capital spending plan that unsettled investors already wary about the sustainability of the artificial intelligence boom. The drop added to a broader technology selloff, as market participants questioned whether escalating investments in AI infrastructure could outpace future returns and create excess capacity across the sector. The e-commerce and cloud computing group disclosed in it

United States President Donald Trump and his two sons have filed a $10 billion civil lawsuit against the Internal Revenue Service and the US Treasury Department, alleging systemic failures that allowed the unlawful disclosure of their confidential tax information. The lawsuit was filed in federal court in Miami and accuses federal authorities of negligence in preventing internal misconduct that resulted in the release of sensitive financial records. According to the court filing, Tr

Amazon is poised for a new round of layoffs, expected to affect as many as 16,000 employees, adding to the 14,000 roles eliminated in the previous round. These job cuts come as part of Amazon's broader restructuring plan, aimed at streamlining its operations and becoming more efficient, particularly in light of shifting demands in the tech industry and the growing influence of artificial intelligence. The latest wave of layoffs is set to target several core teams, including those at Amazon We

As egret season approaches, city officials in Fort Worth are urging residents to prepare ahead of the annual migration to reduce the impact these birds can have on neighborhoods. Each year, large numbers of egrets arrive to nest, often settling in residential areas where their presence can create challenges for homeowners. To address concerns before the birds arrive, local animal care authorities have launched an outreach effort focused on education, prevention, and community cooperation.

A professional violinist has filed a lawsuit in Los Angeles County Superior Court alleging that he was dismissed from a concert tour with actor and rapper Will Smith after reporting what he describes as a disturbing hotel room intrusion that raised serious safety and harassment concerns. The legal filing claims the termination amounted to retaliation and names both Smith and a management company connected to the tour as defendants. According to the complaint, the violinist, Brian Ki

Illinois is set to enter 2026 with sweeping changes to state policy as more than 200 new laws take effect at the start of the year, touching nearly every aspect of daily life. The legislation approved by lawmakers spans healthcare access, workplace protections, public safety, education standards, insurance coverage and the growing role of artificial intelligence, marking one of the most expansive legislative updates in recent years. Several of the most consequential measures focus o

U.S. President Donald Trump said on Monday that he expects to sign an executive order this week establishing a single nationwide standard for artificial intelligence, a move he argued is necessary to replace the growing web of state-level AI laws. The announcement marks a significant step in the administration’s effort to shape the national regulatory structure around rapidly advancing AI systems, and it comes amid intensifying debate over who should hold authority to set protections for co

State lawmakers in Texas are preparing for a significant policy shift as dozens of new laws take effect across December and January, adding to the more than 800 measures already implemented earlier this year. The latest round of legislation, passed during the regular session and the second special session, is set to influence major areas including education, public health, redistricting, immigration enforcement and criminal justice. Each law reflects ongoing political debates in the state and

Campbell’s said Wednesday that it has dismissed a senior executive following the emergence of a recording in which the employee was heard making racist remarks and criticizing the company’s food products. The decision came days after a lawsuit filed in Michigan accused the executive, identified as Martin Bally, of using offensive language and admitting to workplace drug use during a conversation with a former colleague. The lawsuit was filed last week by Robert Garza, a former e

Am

US President Donald Trump announced on Saturday that he intends to file a lawsuit seeking between $1 billion and $5 billion against the BBC, following the broadcaster’s apology for a misleading edit of one of his speeches. Trump said the legal action would likely begin next week and insisted that the broadcaster had already “admitted” wrongdoing, though it has publicly denied that its actions meet the threshold for defamation. The dispute centers on a video segment included in a documen

  Texas Attorney General Ken Paxton has filed a motion to block pharmaceutical company Kenvue—the manufacturer of Tylenol—from issuing a scheduled dividend payment later this month. The move comes as the state pursues a high-profile lawsuit against Kenvue and its former parent company, Johnson & Johnson, alleging deceptive marketing practices tied to the use of Tylenol during pregnancy. The dividend, set for distribution on November 26, has become the latest f

Texas homeowners and landlords now have stronger legal authority to protect their properties as two new state laws officially take effect. Senate Bill 38 and Senate Bill 1333 are designed to stop squatters, speed up eviction proceedings, and give property owners faster access to justice. For years, Texas landlords and property managers have faced an ongoing struggle against squatters occupying vacant or abandoned homes. These unauthorized occupants have often been difficult to remove,

Indian-origin telecom executive Bankim Brahmbhatt, once celebrated as one of the top 100 global leaders in telecommunications, is now at the center of a massive $500 million financial fraud case in the United States. Brahmbhatt, the Gujarat-born CEO of US-based telecom companies Broadband Telecom and Bridgevoice under the Bankai Group, is being sued by HPS Investment Partners — the private credit arm recently acquired by global investment giant BlackRock. The case has shocked both

Amazon Web Services (AWS) CEO Matt Garman recently emphasized the company’s confidence in its AI investments, despite laying off 14,000 corporate employees worldwide. The cuts, which represent about 4% of Amazon’s corporate workforce, come amid efforts to streamline management and focus resources on the company’s biggest strategic bets, particularly AI. Central to Amazon’s AI push is Project Rainier, an $11 billion AI data center in Indiana, purpose-built to train and run AI

SACRAMENTO, Calif. — California has joined several other states in filing a lawsuit against the Trump administration, accusing it of unlawfully refusing to provide federal food assistance benefits during the ongoing government shutdown. Governor Gavin Newsom and Attorney General Rob Bonta announced the legal action Tuesday, stating that the decision by the administration to withhold funds under the Supplemental Nutrition Assistance Program, or SNAP, will leave millions of residents without

Amazon is preparing for its biggest round of corporate job cuts since 2022, with plans to eliminate up to 30,000 positions starting Tuesday. The move affects nearly 10% of its corporate workforce and follows years of smaller layoffs across divisions such as devices, HR, and operations. Sources suggest that the job cuts will impact multiple departments, including Amazon Web Services (AWS), human resources (PXT), and corporate operations. Managers have reportedly undergone training on how to co