The Latest Breaking News from Andy Jassy

E-Commerce behemoth Amazon

Amazon stock may not have peaked if you believe Andy Jassy who believes its AI chips give it an advantage over competitors. One way to play this is to short out-of-the-money puts for income.

‘We have invested $11 billion in India till date and intend to invest another $15 billion, which will bring the total to $26 billion. So we are very much looking forward to future of partnering,’ said the Amazon CEO

Despite many executives’ attempts to get workers back at their desks, remote work remains a fixture of the workforce.

Senator seeks information about ‘systematically underreported’ injury rates and turnover at US’s second-largest employer

Advertisers expressed interest in Amazon offering an ad tier for Prime Video service, likely to inspire other streaming platforms

Bernstein analyst Mark Shmulik has ripped apart Amazon’s plans for broadband and health care, saying the business needs to focus on areas which are guaranteed wins.

"It’s going to take time to adjust back to being in the office more," a spokesman said after a walkout this week.

Amazon.com Inc.’s cloud customers are clamoring to get their hands on the ChatGPT-style technology the company unveiled six weeks ago. But instead of being allowed to test it, many are being told to sit tight, prompting concerns the artificial intelligence tool isn’t fully baked.

Amazon says the company and its staff have had “a great few weeks” since workers were required to be in the office three days a week.

Amazon.com Inc. repeatedly violated federal labor law by unilaterally changing policies and terminating union supporters at its sole unionized warehouse, US labor board prosecutors alleged in a complaint, which also accuses Chief Executive Officer Andy Jassy of personally making illegal anti-union comments.