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The Latest Breaking News from Andy Jassy

Jeff Bezos' famed management rules are slowly unraveling inside Amazon. Can they survive the Andy Jassy era?

More than three years after Bezos passed the CEO baton to Jassy, and as Amazon marks its 30th birthday, there are signs that the company's unique work culture is starting to fray.

Fortune

Amazon CEO Andy Jassy says you don’t have to be nice to earn your peers' trust

Want to earn the trust of your boss and peers? Sucking up to them won’t do the trick, says Amazon’s CEO Andy Jassy.

Fortune

Hi Alexa, Amazon's Echo device team isn't convinced a new subscription service and refreshed personal assistant will save the company from the billion in losses

Amazon lost over $25 billion in its device business between 2017 and 2021. The losses cut across its Echo devices and other products, including Kindles, Fire TV Sticks, and video doorbells.

Windows Central

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Glen Powell isn’t letting billion-dollar Hollywood hits stop his plans to graduate college

'Twisters' and 'Top Gun: Maverick' actor Glen Powell is now juggling his booming career with studying at the University of Texas.

Fortune

Amazon CEO Andy Jassy says whether you’re ‘ravenous’ about one thing will determine if your career is a success or stagnates

In Amazon’s CEO Andy Jassy’s experience, those who seek to improve themselves continuously are the ones who see their careers fly.

Fortune

Amazon Prime Day Investment Challenge: Buy Stocks As Shares Trade 6X Cheaper Valuation Vs. June 2023

Amazon's price-to-earnings ratio was 53.98 as of July 15, compared to 309.88 in late June 2023. The company is rapidly reducing operational costs through robotics, AI integration, and improving worker safety.

International Business Times UK

Jeff Bezos Commends Trump After Rally Shooting In Pennsylvania

Jeff Bezos breaks social media silence to commend Trump for handling rally shooting incident in Pennsylvania.

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Amazon’s $20 billion NBA deal isn’t riskless. But it’s close

From big-brand advertising to cross-promotion and Prime membership retention, Amazon's pricey bet on live basketball streaming has plenty of upside and limited downside risk.

Fortune

Jeff Bezos, Andy Jassy, and the next 30 years of cadabra

Will Amazon, founded 30 years ago today, be able to continue the magic for another three decades—and address its big challenges?

Fortune

Amazon Hit This Milestone In The Andy Jassy Era. What's Next?

After a tumultuous three years leading Amazon, CEO Andy Jassy's cost-cutting and services strategy has the stock back at record highs.

Investors Business Daily

Amazon is mimicking the wrong company with rumored ‘Remarkable Alexa’ subscription

"Remarkable Alexa" is coming as a paid service, joining Google One AI Premium, Copilot Pro, ChatGPT Plus, and others.

Android Central

Why a log of redacted Signal messages shines a light on Amazon’s glass ceiling

The tech industry is working to fix the longstanding lack of diversity in its senior ranks, but the problem continues to manifest itself again and again.

Fortune

Roger Federer tells Dartmouth grads that talent will only get them so far

“You can work harder than you thought possible and still lose,” tennis star Roger Federer warns Gen Z grads.

Fortune

Top Warren Buffett-Backed Companies to Watch in 2024

Warren Buffett's Berkshire Hathaway invested heavily in Apple, Amazon, and Chubb in this new decade. A massive stake in Chubb was kept a secret until recently.

International Business Times UK

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International Business Times

Amazon To Overhaul Alexa With AI And Customers Should Brace For Monthly Subscription Fees

The tech giant will be launching a "more controversial" version of Alexa in the present year. Perhaps, it would be competing with other tech giants who have their own AI-powered chatbots.

Investors Business Daily

Amazon Readying AI Overhaul Of Alexa Voice Assistant With Paid Plan: Report

Alexa is getting an AI upgrade that could include a new paid tier for the voice-enabled assistant, CNBC reported.

Fortune

Barbara Corcoran’s top advice for Gen Z grads: Forget about the best pay, choose the best boss

Although a job may look great on paper now, in the long term a lack of learning opportunities or an unsupportive boss could lead to career stagnation, according to the "Shark Tank" star.

Fortune

Amazon CEO Andy Jassy: An ‘embarrassing’ amount of your success in your 20s depends on your attitude

But aspirational workers need to follow through on a can do attitude with action, Jessy added.

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TechRadar

AWS CEO Adam Selipsky is stepping down

AWS confirms Matt Garman as new CEO as Adam Selipsky steps down with immediate effect.

Investors Business Daily

Amazon Cloud CEO Stepping Down, With AWS Veteran Named To Role

The leader of Amazon Web Services will step down in June. Amazon stock was lower after the news.

Investors Business Daily

Amazon Has A Flashy New Rival In PDD's Temu Shopping Site. It Should Take The Threat Seriously.

Temu emerged from nowhere to become an e-commerce force with aggressive marketing and super-low prices. And Amazon stock watchers are thinking the unthinkable.

Reason

Labor Board Goes After Amazon CEO for Suggesting Workers Might Be 'Better Off' Without Unions

The First Amendment applies even to the CEOs of successful companies, but the NLRB seems to disagree.

Barchart

Amazon Stock: The Best Is Yet to Come as GenAI Fuels Next Leg of Growth

The best is yet to come for Amazon as the e-commerce giant positions itself as a prominent AI player and benefits from the growing adoption of GenAI.

Kiplinger

Amazon Stock Jumps as Cloud Growth Fuels Blowout Quarter

Amazon beat expectations for the first quarter and the Dow Jones stock is soaring. Here's what you need to know.

TechRadar

AWS Q1 growth pushes ahead as cloud revenue soars

Amazon just had another great quarter thanks to AWS (and AI), and CEO Andy Jassy reckons the best is yet to come.

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