USPS freezes pension contributions, sounds alarm over looming financial crunch

Check out what’s clicking on FoxBusiness.com. The United States Postal Service is suspending employer pension contributions for workers beginning Friday, citing a looming cash shortfall, the agency announced Thursday. The move, which affects the Federal Employees Retirement System (FERS), comes just weeks after the Postal Service warned Congress it could run out of cash in…

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Palantir stock plunges after ‘Big Short’ investor Michael Burry says Anthropic is eating its lunch

“Big Short” investor Michael Burry has long been a contrarian — and now he’s picking bones with Palantir Technologies (PLTR). In a characteristically blunt post on X this week, Burry claimed that AI startup Anthropic (ANTH.PVT) is effectively “eating Palantir’s lunch.” The Scion Asset Management founder has since deleted the post, but Palantir stock fell…

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Amazon CEO Jassy says company could sell AI chips, raising stakes for Nvidia, AMD

Amazon (AMZN) CEO Andy Jassy released his annual shareholder newsletter on Thursday, outlining the company’s approach to AI and indicating that Amazon is thinking about selling its own AI processors to third parties, increasing competition with Nvidia (NVDA) and AMD (AMD). Jassy said he doesn’t believe the technology is either overhyped or a bubble, but…

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Memphis business news, promotions and hirings for April 9, 2026

April 9, 2026, 6:00 a.m. CT Here’s a look at promotions, hirings and other noteworthy business events in the Memphis area: Memphis-based general contractor RKA Construction recently expanded its key leadership team in the Commercial Division with the promotion of Patrick Johnston to President of the Commercial Division and the addition of Cal Throckmorton as Vice President…

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