UPS’ Amazon Reduction Is the Right Move
Investors are displeased, but the strategy of moving away from lower-margin deliveries makes sense in the long run.
Price Tag for Amazon’s Mississippi Data Centers Jump 60% to $16 Billion
Mississippi, underscoring the escalating costs for artificial intelligence infrastructure.The company will spend $16 billion to construct two data center campuses north of the state capital Jackson, ...
New York Offers Model on Amazon Warehouse Safety if Law Survives
A New York law aiming to reduce injuries in Amazon warehouses is well-positioned to become a model for other states, although ...
Amazon’s latest job cuts impact corporate communications and sustainability employees
Two of Amazon's Seattle headquarters towers rise above the Spheres. (GeekWire File Photo /) Amazon laid off employees in its ...
UPS Shares Plunge on Plan to Slash Amazon Business By Half
United Parcel Service Inc. shares plunged after the company projected annual revenue well below expectations, telling ...
Proposed Class Action Alleges Amazon Allows Third Parties to ‘Covertly Siphon’ Consumer Location Data
The complaint alleges the technology and e-commerce giant illegally collects and sells sensitive consumer information.
Stock market today: Dow, S&P 500, Nasdaq move higher with Apple earnings in the wings
US stocks gained steam on Thursday afternoon as investors digested megacap tech earnings and waited for Apple (AAPL) results ...
Elon Musk Bringing Advertisers Back To X: Amazon Boosts Spending, Apple Considers Return
New financials from X show growth in the last quarter of 2024. News of several large advertisers returning the the platform ...
UPS and Amazon May Be Headed for a Split—and the Stock Is Paying the Price
For 2025, UPS expects sales of about $89 billion and operating profit of about $9.6 billion. Wall Street was looking for ...
DeepSeek will hardly dent magnificent seven stocks, survey shows
Investors believe DeepSeek’s AI debut will not impact the Magnificent Seven companies, with 88% of respondents expecting minimal effects on the S&P 500. The survey highlights President Trump’s ...
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UPS CEO Defends Amazon Glide Down Decision, But Wall Street's Skeptical: Retail’s Busy Spotting Bottom-Fishing Opportunities
Shares of United Parcel Service Inc (UPS) recorded their worst session ever on Thursday, plunging over 14% to hit levels not ...
Amazon Cuts Down its Corporate Communications Team in its Latest Series of Layoffs
Amazon Spheres, the company’s iconic Seattle HQ, is home to the company that, from humble origins, has revolutionized digital commerce. But inside the Sphere, the question is, how many employees feel ...