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Amazon Loses Fight To Block Saks Bankruptcy Financing, Says Report: Company Warns Of 'Drastic Remedies'

Gary Black Likes Elon Musk's Tesla But Not TSLA, Draws Comparison With Amazon—Says Nvidia 'Democratizes Autonomy'

A U.S. bankruptcy judge has dismissed Amazon.com Inc.‘s (NASDAQ:AMZN) attempt to block a proposed financing deal to aid Saks Global Enterprises during its Chapter 11 bankruptcy. On Thursday, Judge Alfredo Perez approved a preliminary $400 million financing package for Saks following a courtroom battle between the retailer and several creditors, including Amazon, reported Reuters. Saks is seeking $1.75 billion to continue operations, but will need further approvals from the U.S. District & Bankru

Investor Gary Black, managing director of The Future Fund LLC, has shared that Tesla Inc.'s (NASDAQ:TSLA) stock valuation has caused him to exit his position in the automaker. Gary Black Offers Insight Into Tesla Valuation Criticism The investor, in a post on the social media platform X, offered an insight into his outlook on Tesla, drawing comparisons with Amazon.com Inc.'s (NASDAQ:AMZN) stock during the e-commerce giant's early days. Black shared that he held Amazon stock before it was profita

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Vistra is ready to capitalize as tech and AI giants search for more electricity.

Jamie Dimon Rules Out Fed Chair Role, But Would Consider 'Secretary of The Treasury' If The President Asks: 'I Like Being My Own Boss'