Amazon.com Inc (AMZN)
Amazon is 'joint employer' of some contracted delivery drivers, labor group says
An NLRB regional director determined Amazon should be considered a "joint employer" of some delivery drivers at an Atlanta facility. Amazon has tried to avoid the distinction, saying drivers are employees of the third-party companies that deliver packages for the e-commerce giant.
Amazon-backed Anthropic rolls out Claude AI for big business
Anthropic on Wednesday rolled out Claude Enterprise, its biggest new product since its chatbot's debut and a step up for businesses looking to integrate Anthropic's artificial intelligence. GitLab, Midjourney, Menlo Ventures, North Highland Consulting and Sourcegraph have all been beta-testers and early clients.
Amazon grants UK staff pay rise after walk outs
Amazon.com Inc (NASDAQ:AMZN) will grant operational staff in the UK a pay rise following a dispute which has seen workers repeatedly walk out in recent years. Employees such as delivery drivers and those in fulfilment centres will receive between £13.50 and £14.50 an hour from September 29, equating to a rise of 9.8%, the company said.
Generative AI Sales Could Soar 2,040%: My Pick for the Best AI Stock to Buy Now (Hint: Not Nvidia)
Bloomberg Intelligence estimates that generative AI spending will increase 2,040% by 2032. Amazon is investing in artificial intelligence across its three core businesses.
Amazon's Just Walk Out Expands as NFL Season Kicks Off
Amazon is bringing its checkout-free commerce technology to more schools and stadiums. This fall, the company's Just Walk Out technology will be in the most new stores to open at NFL stadiums in a single season, Amazon announced Tuesday (Sept.
Amazon, Google, Meta Bet Big On AI: Analyst Looks At Early Payoffs From GenAI Investments
JPMorgan analyst Doug Anmuth expects tech giants — particularly members of the Magnificent Seven — to ramp up spending on capital expenditures (capex) in a big way.
I Sold These REITs
The REIT market is vast and versatile. Not all REITs are equally attractive. Here are three REITs that I sold recently.
12 Fast And Steady Earnings Growth Stocks For September
How fast are earnings growing on a growth stock? How big a premium do you have to pay to get that stock?
Prediction: Amazon Stock Will Soar Over the Next 5 Years. Here's 1 Reason Why.
Rather than focusing on near-term profits, Amazon has often prioritized expanding its operational footprint and laying the foundations for long-term wins. The business has been seeing some very promising trends on the profitability front.
Amazon's Efficiency Era Begins: Why I'm All In
Amazon's efficiency era began with management's focus on bottom-line instead of top-line growth. The operating margin has reached 9.9% in Q2, and I project expansion to 12.2% by 2027, with $105B in operating income. Q2 2024 saw Amazon's revenue hit $148B, with AWS growing 19% YoY, contributing 69.8% to Operating Income.
Amazon Hits Reported Checkout Snag Amid Labor Day Sale
Amazon's checkout reportedly suffered a technical issue as its Labor Day sale began. The glitch in the eCommerce site happened Friday (Aug. 30), preventing customers from completing their purchases, CNBC reported, citing reports from customers on social media.
1 "Magnificent Seven" Stock That Could Go Parabolic if the Fed Cuts Rates in September
Over the last couple of years, the Federal Reserve has instituted a number of interest rate hikes in an effort to battle abnormally high inflation. During a recent speech at the Economic Policy Symposium, Fed Chair Jerome Powell strongly suggested changes to monetary policy are coming.
