Amazon.com Inc (AMZN)
Amazon Forms Grocery Delivery Pact With Mexico's Jüsto
Amazon has reportedly launched a partnership with Mexican grocery delivery startup Jüsto. As Bloomberg News reported Monday (Nov. 4), that collaboration will see Amazon offer Jüsto's service on its Mexican eCommerce platform.
Rejection of Talen Energy's Amazon nuclear power deal is just 'noise', says analyst
After a key part of Amazon's (NASDAQ:AMZN) nuclear power deal with Talen Energy was rejected by the Federal Energy Regulatory Commission, UBS said investors in the sector should look "through the noise". The decision, via a 2-1 vote by the FERC to reject the 480 MW interconnection services agreement between Amazon Web Services (AWS) and Talen, the companies can renegotiate a new agreement without significant delay, UBS said.
Regulators deliver successive blows to Amazon and Meta's nuclear power ambitions
Amazon, Meta, and Microsoft have placed big bets on nuclear power to secure electricity for their data centers as AI and cloud computing have sent power use surging.
Jeff Bezos and OpenAI invest in robot startup Physical Intelligence at $2.4 billion valuation
Physical Intelligence, a robot startup based in San Francisco, has raised $400 million at a $2.4 billion post-money valuation, the company confirmed Monday to CNBC. Investors included Amazon founder Jeff Bezos, OpenAI, Thrive Capital and Lux Capital.
Amazon nuclear power deal blocked by federal energy regulator
Shares in companies looking to power data centres with nuclear energy fell after a proposed deal by Amazon.com Inc (NASDAQ:AMZN) was rejected by the Federal Energy Regulatory Commission. The FERC on Friday rejected a request to increase the amount of power sent from a nuclear power plant in Pennsylvania to an Amazon data center from 300MW currently to 480MW.
Should You Buy Amazon Stock Right Now in November?
Amazon boasts competitive advantages across several product segments.
Barry Diller calls timing of The Washington Post's non-endorsement a 'blunder'
Expedia chairman Barry Diller called the timing of The Washington Post's decision not to endorse a presidential candidate a "blunder," in a Monday appearance on CNBC's Squawk Box. He also said the move was "absolutely principled.
Faber Report: U.S. regulator rejects Amazon-Talen nuclear power agreement for data center
CNBC's David Faber reports latest on Amazon's nuclear energy investment.
Tech partnerships with power companies for AI in doubt after government rejects key Amazon agreement
The Federal Energy Regulatory Commission rejected a request to increase the amount of power the Susquehanna nuclear plant can dispatch to an Amazon data center campus. The agreement is viewed as a first-of-its-kind deal that could serve as a model for other power and tech companies.
Amazon turns to everyday essentials to compete with Temu and Shein
Amazon‘s push to offer more everyday essentials like toothpaste is hurting its average selling prices, but it is also a guard against rivals such as Temu and Shein that offer rock bottom prices on goods they ship from China.
Is Amazon a Must-Own Stock in the Magnificent 7?
Among the Magnificent Seven stocks in 2024, Amazon NASDAQ: AMZN finds itself just above the middle of the pack when it comes to returns, up 31%. Amazon has a highly diversified business.
Is Amazon Falling Behind on AI? It Might Not Matter After Its Latest Quarter
Amazon stock jumped on its latest earnings report.
