Amazon has requested federal approval to launch up to 5,105 satellites to build a direct-to-device (D2D) internet network, aiming to provide connectivity directly to smartphones and other devices without relying on traditional cell towers. This network will partly use assets from Globalstar, a satellite operator Amazon plans to acquire for $11.6 billion, with the deal expected to close in 2027. The D2D network targets users underserved by current wireless providers and aims to support emergency operations and remote worksites. Amazon plans to begin deploying the network in 2028, competing with SpaceX's Starlink service.
Amazon has applied for a license to operate a network of 5,105 satellites aimed at providing mobile phone services, with launches expected to begin in 2028. This follows Amazon's acquisition of Globalstar's satellite operations and aims to expand sat...
Dow futures surged over 500 points Monday as crude oil prices fell sharply, easing pressure on stocks after weeks of volatility. Investors await the Federal Reserve's rate decision on Wednesday and earnings reports from major tech firms like Amazon, ...
US stock futures point to a strong start with Dow Jones up 1.1%, S&P 500 up 0.9%, and Nasdaq up 1.5%, driven by a sharp 6.3% drop in oil prices following a pause in US-Iran military actions. Although no official ceasefire is declared, Iran has agreed...
The S&P 500 earnings yield reached 5.03%, its highest level since late March 2026, a setup similar to the period before a major equity rally in April and May 2026. This increase, combined with a price-to-earnings ratio below 20, suggests potential po...
Last week, major tech stocks like Alphabet and Tesla saw sharp declines due to their negative free cash flow, driven by massive capital expenditures on AI. This shift from earnings to free cash flow focus signals a market turning point and raises con...
