Amazon announced the launch of Amazon Supply Chain Services, allowing businesses to use its extensive logistics network. This move aims to improve supply chain speed and reliability for companies like Procter & Gamble and 3M. Amazon's stock rose 1.18% to $271.36, trading near its 52-week high of $273.88, supported by strong momentum but showing signs of being overbought. Analysts maintain a Buy rating with price targets around $312, anticipating strong earnings growth in the upcoming report due July 30.
Defiance introduced the AI Hyperscale Leaders ETF (AIHY) on July 21, targeting companies that derive at least 50% of their revenue or assets from AI development and are scaling profitability, not just riding the AI hype. The fund holds 10-50 companie...
The Roundhill Magnificent Seven ETF (MAGS) provides equal-weight exposure to seven leading mega-cap tech stocks: Apple, Microsoft, Nvidia, Amazon, Alphabet, Meta, and Tesla. Since its April 2023 launch, it has attracted $3.5 billion, reflecting stron...
OpenAI and Anthropic increased their federal lobbying spending to a record $3.17 million in Q2 2026, up 23% from Q1, as they prepare for upcoming IPOs and the midterm elections. Anthropic spent $1.97 million, surpassing Nvidia, while OpenAI spent $1....
A Nikkei study reveals that five major U.S. tech companies hold $1.65 trillion in hidden debt, far exceeding their reported liabilities. This debt has grown eightfold in four years, driven by heavy investments in artificial intelligence. Meta and Ora...
A federal judge approved Anthropic's $1.5 billion settlement in a class action lawsuit where authors accused the AI company of using pirated books to train its chatbot Claude. The case, backed by Amazon and Alphabet, is the largest known US copyright...
