Amazon and the U.S. Postal Service (USPS) have reached a tentative deal to reduce the number of packages Amazon sends through USPS by 20%, a significant decrease from an initial threat to cut by two-thirds. This agreement helps USPS maintain a crucial revenue stream, as it handled over 1 billion Amazon packages last year, accounting for about 15% of its parcel volume and $6 billion in revenue. The deal also prevents operational challenges for Amazon, especially in rural areas where USPS handles 30-40% of last-mile deliveries. The Postal Regulatory Commission will now review and approve the agreement.
In Q2 2026, top contributors to growth included Taiwan Semiconductor Manufacturing, Alphabet, United Rentals, Apple, and Visa. Alphabet’s Google Search and Cloud segments showed robust revenue growth of 19% and 63%, respectively, boosting operating i...
Jim Cramer cautioned that the recent rally in Big Tech stocks like Alphabet, Microsoft, Meta, and Amazon might be more about investor optimism than real improvements in their business fundamentals. Despite positive news such as Warren Buffett's endor...
Dave Brown, a senior vice president at Amazon Web Services (AWS) and a key figure since its early days, is leaving the company at the end of this month for a new role outside Amazon. Brown helped launch AWS's core EC2 service and later led its comput...
The rapid growth of hyperscale data centers, driven by AI demand, is causing U.S. electricity consumption to surge after a decade of stagnation. Experts predict data centers will use 11-16% of total electricity by 2030, with investments in these faci...
The global hybrid robots market is projected to grow from $5.68 billion in 2026 to $10.03 billion by 2030, with a CAGR of 15.3%. Growth is fueled by advances in AI, autonomous operations, and smart manufacturing, alongside rising demand for robots in...
