Mexico's antitrust watchdog Cofece reportedly found that Amazon and Mercado Libre create barriers to competition for sellers on their platforms but said it will not order corrective measures. These decisions followed Cofece's investigation into the country's eCommerce market, in which the two companies account for a collective 85% of total sales, Reuters reported Friday (Sept.
SpaceX has an edge over internet satellite entrants with its established Starlink constellation and launch capabilities. Amazon's fledgling Project Kuiper, which is still building its network, has nevertheless already begun to attract clients.
Amazon is reportedly developing augmented reality (AR) glasses for consumers and for delivery drivers. The company aims to launch the consumer product late next year or early in 2027 and the delivery driver one as soon as the second quarter of 2026, The Information reported Wednesday (Sept.
The glasses will include microphones, speakers, a camera and a full‑color display in one eye, the report said.
Amazon.com Inc (NASDAQ:AMZN) on Wednesday launched its Zoox robotaxi service in Las Vegas, offering free rides to passengers from a few locations. The company said it has spent two years testing the vehicle in the city.
Amazon AMZN-owned Amazon Web Services (“AWS”) deepened its African footprint with a strategic partnership announcement from South Africa's Absa Group, signaling AWS' aggressive push to capture emerging market cloud share amid intensifying competition from Microsoft MSFT Azure and Alphabet GOOGL-owned Google Cloud. The multi-year framework positions AWS as Absa's preferred cloud provider, marking another win in Amazon's quest to maintain its cloud dominance despite rivals posting faster growth rates.
Amazon (AMZN 1.44%) has been a multibagger stock over time, multiplying in value and rewarding the long-term investor. Most of the big gains have come over the past decade, as the company's Prime subscription service and cloud computing unit Amazon Web Services (AWS) saw growth take off.
Rightly or wrongly, Amazon (AMZN 1.44%) has been viewed as something of a laggard in artificial intelligence (AI) among big tech companies since the launch of ChatGPT.
Amazon (AMZN) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
On August 28, Andrew Slimmon, a senior portfolio manager at Morgan Stanley, said in an interview with CNBC that the future for stocks is looking “very bright”.
People who were invited by friends or family to share in Prime shipping benefits will be cut off on Oct. 1.
Warren Buffett took control of Berkshire Hathaway in 1965 and promptly turned the "doomed" textile mill into a holding company focused on insurance. That decision created a steady stream of investable cash in the form of insurance premiums, and Buffett used that capital to build Berkshire into a trillion-dollar company through savvy acquisitions and stock purchases.