Tag AMZN
Amazon.com (AMZN) grabbed headlines with a combination of strong third-quarter earnings and the announcement of its largest-ever round of corporate layoffs. The company posted higher revenue and profits, while also signaling a fresh drive for efficiency and cost control. See our latest analysis for Amazon.com. Amazon’s upbeat earnings come on the heels of a year marked by bold moves in AI, fresh cloud deals, and a sweeping round of corporate layoffs. While the share price briefly dipped 3.2%.....
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Meta, Alphabet, Microsoft and Amazon have all said they will increase spending in 2026. But investors have given mixed signals...
Continue ReadingTucked into President Donald Trump’s trade deals formalizing higher tariffs on goods from Asia this week are provisions for a global economic frontier the US wants to stay free of protectionism: digital commerce. In deals with Malaysia and Cambodia, and a more preliminary agreement with Thailand, the White House received assurances none will impose digital services taxes or discriminate against American providers of e-commerce, social media, streaming, cloud storage or other types of online services...
Continue ReadingTech giants Apple and Amazon have defied industry predictions with better-than-expected financial results. Apple's success is largely thanks to record-breaking iPhone sales, while Amazon's is down to cloud computing arm Amazon Web Services (AWS), in spite of last week's outage which knocked out thousands of websites. AWS revenue accelerated 20.2% to $33bn (almost £25bn), which CEO Andy Jassy said was a pace it hadn't seen since 2022...
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US stocks have seen volatile moves in the last handful of trading sessions, as strong earnings and massive AI spending pull investors in different directions...
Continue ReadingOilfield service companies like Schlumberger and Halliburton are leveraging their expertise to enter the data center market, focusing on digital solutions and distributed power to meet the demands of the AI boom...
Continue ReadingThe e-commerce giant said Amazon Web Services is growing at its fastest rate since 2022, driven by AI. Shares surged in after-hours trading...
Continue ReadingMeta shares fell by more than 11% today, and Microsoft by more than 2%, after earnings reports showed the two have much to prove about their AI futures. Plus: Amazon shares jump after the bell on higher earnings, and Chipotle falls with economic strains keeping customers away...
Continue ReadingFEATURE The Goldilocks Problem. The stock market cruised through much of the fall riding hopes for artificial intelligence spending, a trade pact with China, and a more accommodative Federal Reserve. Today, Wall Street got a bit of a reality check...
Continue ReadingAmazon reported third-quarter earnings of $180.2 billion in revenue, up 13% year over year. The post Amazon invests $1.9B in delivery partner network as Q3 profits rise appeared first on FreightWaves...
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