Chipotle has found new sources of avocados for its guacamole over the last two years.But the chain could still take a hit if President Donald Trump adds tariffs to Mexican imports.About half of Chipotle's avocados come from Mexico, CEO Scott Boatwright said on an earnings call.Chipotle has spent years diversifying where it gets avocados for its guacamole. But it could still see a hit from tariffs on Mexican versions of the fruit. The California-based restaurant chain has found new sources of avocados in rec ...

Google's parent company, Alphabet, reported fourth-quarter earnings on Tuesday.The tech giant beat on EPS, missed on revenue, and reported 12% growth across its business.Alphabet continues to bet heavily on AI despite industry disruption from China's DeepSeek.Alphabet reported fourth-quarter earnings on Tuesday. Slowing growth in its Cloud Services business and a bigger-than-expected capex forecast for 2025 dragged shares down more than 7% in postmarket trading. Google's parent company grew its consolidated ...

Wall Street may have been caught off guard by DeepSeek's AI launch, but Meta's CTO says he wasn't.Andrew Bosworth said that it was "very predictable" and he wrote an email anticipating such a development 6 months ago.He told his Instagram followers that DeepSeek is "both a big deal and also not as big as it's made out to be."The whole DeepSeek kerfuffle that rattled Silicon Valley? Meta's CTO says he called such an AI development about 6 months ago. Asked by one of his Instagram followers on Monday about th ...

Amazon could face a significant impact from Donald Trump's new tariffs on Chinese imports.Morgan Stanley estimates Amazon to be the most-exposed among e-commerce companies the bank covers.A large chunk of Amazon's third-party sellers are also China-based.Amazon could be one of the hardest-hit e-commerce retailers by new tariffs on imports from China. Morgan Stanley wrote in a note on Monday that roughly 25% of the cost of products directly sold by Amazon come from China, exposing them to the new tariffs. Th ...

Donald Trump's most recent tariffs on China put Apple's profitability at risk, analysts say.Apple previously avoided similar tariffs in 2019 after discussions between Cook and Trump.Mexico, Canada, and China are planning retaliatory measures that could additionally hurt sales.Apple CEO Tim Cook is finding himself staring down China tariffs again, six years after narrowly avoiding them during Donald Trump's first term. President Trump is imposing tariffs on Mexico, Canada, and China that he says are meant to ...

Meta's CTO said 2025 is crucial for Metaverse's success or failure in a leaked memo seen by BI.Andrew Bosworth said Meta needs to "drive sales, retention, and engagement" for mixed reality.He added Reality Labs plans to launch "half a dozen" more AI-powered wearable products.Meta's chief technology officer thinks 2025 could be a make-or-break year for its metaverse bets, Business Insider has learned. Andrew "Boz" Bosworth told staff this year is "most critical" to prove the metaverse is either a visionary f ...

Costco and the Teamsters union have reached a tentative deal to avoid a strike.Costco Teamsters represents 18,000 workers nationwide who were ready to walk off the job.The deal will now be presented to the union's membership for a vote, a Teamsters spokesperson told BI.Costco and the Teamsters union have reached a tentative agreement to avoid a strike, the union told Business Insider. The union said the deal would now go to its membership for a vote and that further details would follow.Costco Teamsters rep ...

Meta kicked off 2025 with big changes following a big year for the company.In the first weeks of January, it overhauled its content moderation system, nixed DEI programs, and announced layoffs.The "rather frenzied start" to the new year sets up an apparent "year of intensity," one analyst told BI.Coming off of a banner year in 2024, Meta is hitting the ground running in 2025. With a new president in the White House and the AI arms race in full swing amid DeepSeek mania, CEO Mark Zuckerberg has kept busy.Ref ...

Some 18,000 Costco workers might walk off the job on Saturday when their contract expires.Ahead of the deadline, Costco announced pay raises for non-union employees.That move might have unintended consequences, a legal expert told BI.The clock is ticking for Costco to strike a deal with 18,000 unionized warehouse workers threatening to strike. The company has been negotiating with the union, Costco Teamsters, ahead of the expiration of their existing contract at the end of the day on January 31.Against that ...

Amazon has agreed to block sales of skin-lightening creams containing dangerous amounts of mercury.The agreement settles a decadelong lawsuit brought by the shareholder advocacy group As You Sow.Amazon must comply with California's Proposition 65, which protects consumers from toxic products.Amazon on Friday settled a decadelong legal battle by agreeing to block skin-lightening creams containing dangerous amounts of mercury from its website. The settlement requires that Amazon pay a total of $6 million in c ...