State Street Consumer Discretio News - April 17, 2026
Tesla launches Taiwan hiring spree for Terafab AI chip production
Tesla has launched a major recruitment drive in Taiwan for its Terafab AI chip manufacturing project. The company is hiring semiconductor engineers specialized...
Home Depot buys Simpl Automation, shares jump 4% on delivery push
Home Depot acquired Simpl Automation, a Massachusetts-based warehouse technology firm. The companies did not disclose the financial terms of the deal. The...
Volkswagen Halts U.S. ID.4 Production, Taking $600 Million Financial Charge
Volkswagen is ending production of the ID.4, its only U.S.-manufactured electric vehicle. This decision results in a financial charge of approximately $600...
Amazon acquires Globalstar, challenging Starlink with direct-to-device services
Amazon entered a definitive agreement to acquire satellite operator Globalstar. The deal expands Amazon Leo satellite connectivity services to offer...
Kering Shares Plunge 9.3%, Stalled Gucci Recovery Alarms Investors
Kering shares dropped 9.3% in Paris following the release of first-quarter results for 2026. Total group revenue decreased 6.2% to €3.57 billion. Flagship...
Amazon Hits Sellers With 3.5% Surcharge as Energy Costs Climb
Amazon implemented a 3.5% fuel and logistics surcharge effective April 17, 2026. Rising energy prices and geopolitical tensions drove transportation costs...