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The biggest culprit was Amazon hefty investment in the electric automaker Rivian, whose value plummeted last year. Amazon also contends with the need to recalibrate after a pandemic-era upsurge.

The Federal Reserve raised interest rates by half a percentage point Wednesday, which was a smaller increase than the four previous hikes.

The former prisoners were tearfully reunited with family and friends at the airport, hugging and crying after years of enforced separation.

Steve Bannon, a longtime ally of Donald Trump, is supposed to report to prison by July 1 to begin serving his four-month sentence for contempt of Congress.

In a two-for-one moonshot, SpaceX launched a pair of lunar landers Wednesday for U.S. and Japanese companies looking to jumpstart business on Earth's dusty sidekick.

Arguster and Lebronze Davis and their 14 siblings grew up and worked with their parents on the family's Alabama farm. The brothers remember their father, who taught them how to "do the right thing."

I. Lewis Libby, Vice President Dick Cheney's former top aide, pleads not guilty to charges against him in a case probing who revealed the identity of a covert CIA agent. He was arraigned in federal court in Washington, D.C., on charges of obstructing justice, perjury and making false statements.

Defense Secretary Donald Rumsfeld announces a reduction in the number of U.S. troops in Iraq. Rumsfeld said the number of U.S. combat brigades in Iraq will be cut to 15 from 17. The top ground commander in Iraq, Gen. George Casey, also said he could advise further cuts in troop levels by spring.

The Los Alamos National Laboratory in New Mexico places 15 employees on mandatory leave as the FBI investigates the disappearance of two data storage devices containing classified information. The incident raises questions over the balance between protecting top secret research at the nuclear weapons lab and scientists who value working unhindered by elaborate security measures. NPR's David Kestenbaum reports.

Villanova and Kansas, both top seeds, will face each other while No. 11 Loyola-Chicago will play No. 3 Michigan on Saturday in the semifinals in San Antonio, Texas.