Tag: Amazon

Bezos Files to Sell $4 Billion in Amazon Stock as Shares Hit Record High

Jeff Bezos has filed to sell about $4 billion in Amazon stock just after the company touched $3 trillion, sending shares lower.

Amazon’s Zoox to Launch First Paid Robotaxi Service in Las Vegas on Aug. 10

Amazon-owned Zoox will begin charging for autonomous rides in Las Vegas on August 10, its first commercial market and a major step into the robotaxi race.

New Jersey Sues Amazon, Alleging Antitrust Abuses Over Delivery Contractors

New Jersey has filed an antitrust suit against Amazon, alleging its third-party delivery model drives down driver wages and suppresses competition.

Amazon Joins $3 Trillion Club as AI and Cloud Growth Power Market Rally

Amazon has surpassed a $3 trillion market valuation for the first time as AI optimism and cloud computing growth power a broad Wall Street rally.

Amazon Posts Strong Q2 Profits as AWS Cloud Growth Accelerates to 18-Quarter High

Amazon reported net income of $62.65 billion and net sales of $200.6 billion in Q2, with AWS cloud revenue rising 37% amid strong AI demand.

Amazon Stock Surges Toward Best Day in Years as AWS Cloud Growth Accelerates

Amazon shares soared toward their best day in more than a decade as AWS cloud growth accelerated, driven by rising demand for AI infrastructure.

Amazon Shares Surge on Strong Earnings While Apple Slides on Weak Forecast

Amazon shares jumped on strong cloud-driven earnings while Apple fell on a weak forecast, splitting sentiment across Wall Street's megacap tech sector.

Amazon Shares Surge as Cloud Growth Bolsters Case for Heavy AI Spending

Amazon shares jumped about 10% after strong AWS cloud sales and a raised capital spending plan reassured investors on its heavy AI investment.

UPS Stock Rallies After Earnings Beat, Raised Outlook as Amazon Cuts Wind Down

UPS shares jumped after quarterly earnings beat estimates and the company raised its full-year revenue outlook as Amazon volume cuts and layoffs wound down

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