Bloomberg Investors poured the most money into cash since April 2020 on fears of a looming recession, but stocks could see further declines as they don’t fully reflect that risk, say Bank of America Corp (BofA). strategists. Even as major benchmarks bounced off last month’s lows, the bank’s report citing EPFR Global data showed cash funds received nearly $89 ...

Bloomberg Amazon.com Inc. is shutting down tests of its home delivery robot, the latest sign that the e-commerce giant is starting to wind down experimental projects amid slowing sales growth. Work on Scout, an autonomous machine launched about three years ago, has already been halted, according to a person familiar with the situation. Amazon spokesperson Alisa Carroll said the Scout ...

  Bloomberg Samsung Electronics Co reported its first profit drop since 2019, underscoring the depth of a global PC and memory chip downturn. Operating profit falls by 32% to 10.8 trillion won ($7.7 billion) for the three months ended September, South Korea’s largest company said in a statement. Analysts had estimated 12.1 trillion won on average. Sales also missed estimates, ...