Snap shares closed down 5% on Thursday after the Federal Trade Commission said it would refer a complaint against the company to the Department of Justice.
The cuts are focused in Amazon's core retail unit, which spans a wide range of businesses, including fashion and fitness, Prime and private label brands.
Out of the old Domino Sugar Refinery in Brooklyn, a trio of techies has raised $10 million for Merit Systems to focus on fixing an open-source problem.
TSMC, the world's largest contract chip manufacturer, produces advanced processors for clients such as Nvidia and Apple and has benefited from the megatrend in favor of AI.