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The Latest Breaking News from Brian Olsavsky

More than 1,000 Amazon employees sign open letter warning the company's AI 'will do staggering damage to democracy, our jobs, and the earth’

The employees accuse the tech giant of “casting aside its climate goals” and helping build a surveillance state with AI.

Fortune

Stocks Close Out Strong Month With Solid Amazon Earnings: Stock Market Today

Amazon lifted its spending forecast as its artificial intelligence (AI) initiatives create "a massive opportunity."

Kiplinger

Amazon CFO says major news events cause big disruption in consumer spending

Major news events such as Trump assassination attempt appear to be influencing consumer spend, Amazon finance head claims.

TechRadar

From analysis to the latest developments in health,
read the most diverse news in one place.

Amazon reports boost in quarterly profits but misses revenue estimates

Amazon's quarterly profits has surged, but the company's revenue fell short of analysts' expectations. For the April-June period, Amazon reported earnings of $13.5 billion, exceeding the $10.99 billion anticipated by industry analysts surveyed by FactSet. This marks an increase from the $6.7 billion earned during the same period last year.…

The Times of India

Amazon CFO blames weak sales forecast on shoppers distracted by Trump assassination attempt and Olympics

Rather than seeking comfort in clicking the "buy" button, shoppers are apparently reacting to the roller-coaster news cycle by spending less.

Fortune

Amazon's market cap hits $2 trillion as its CFO keeps an eye on AI—and cutting costs

The tech giant is betting big on generative AI.

Fortune

Should Amazon Stock Follow The ‘Magnificent 7’ Trend and Start Paying a Dividend?

While fellow 'Magnificent 7' peers like Alphabet and Meta Platforms have recently initiated dividends, Amazon might not do so for at least the next couple of years.

Barchart

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Amazon Stock Pops After Q3 Beat: Here’s Why It's Still a Strong Buy

Amazon stock is trading higher today after posting better-than-expected Q3 earnings. Here are the key takeaways from the report, and why AMZN is still a good buy.

Barchart

Amazon's cloud comment jolts investors

Amazon.com Inc signalled on Thursday its long lofty cloud growth would slow further as its business customers braced for turbulence and clamped down on spending, overshadowing the company's quarterly sales and profit that topped expectations.

Bangkok Post

Stock Market Today: Stocks Swing Higher After Amazon Earnings, Inflation Data

The major indexes finished the week higher despite Amazon's warning on cloud growth and mixed inflation data.

Kiplinger

Whole Foods shoppers sue Amazon following end of free delivery for Prime members

Amazon could be facing two legal challenges from shoppers who say the company misled them and violated state law when it ended free delivery from Whole Foods Market for Prime members.

Tribune News Service

After its Stock Split, is Now a Good Time to Buy Amazon.com?

E-commerce giant Amazon.com (AMZN) administered a 20-for-1 stock split on June 6. So, shares of AMZN are currently trading below $1,000 for the first time since 2017. However, given the company's bleak growth prospects and significant operational headwinds, is AMZN a good buy now? Read more to learn our view.

StockNews.com

Amazon falls, projects slower growth as online sales stall

Amazon.com Inc. projected sluggish second-quarter sales growth, as consumers reduce their online spending amid rising inflation and a return to pre-pandemic activities. The shares plunged about 10% in extended trading.

Tribune News Service

Amazon to increase cost of Prime; annual sales rise 22%

Amazon is increasing the cost of its Prime membership for U.S. customers, in part to offset rising expenses associated with wages and transportation, the company announced ahead of its quarterly earnings call Thursday.

Tribune News Service

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