Amazon announced it received $600 million in refunds after many of President Trump's tariffs were struck down by the Supreme Court. The company plans to return some of this money to customers who were directly charged the tariffs, a rare move among major retailers. Amazon's CFO explained that only a limited number of customers will get refunds, mainly because third-party sellers bore most tariff costs. This refund effort contrasts with other big companies that have kept tariff refunds while prices remain high for consumers.
Amazon has booked six additional satellite launches with Europe's Arianespace, bringing its total to 24 as it expands its satellite network to compete with SpaceX's Starlink. This deal supports Europe's growing commercial space sector amid increased ...
The Roundhill Top WeeklyPay ETF (TOPW) provides diversified, leveraged exposure to leading market-cap stocks, especially in AI and cloud sectors like Amazon, Google, Meta, Microsoft, Nvidia, Broadcom, and AMD. It targets the AI capital investment cyc...
Amazon appointed Kevin Mandia, founder and former CEO of cybersecurity firm Mandiant, to its board of directors. Mandia, recognized for his expertise in combating cyber threats, sold Mandiant to Google for $5.4 billion in 2022 and recently launched a...
AT&T announced it will be the first major U.S. telecom to offer Amazon's Leo satellite broadband as part of a managed service bundled with its fiber and 5G networks, targeting enterprise and public-sector customers. This deal positions AT&T as the an...
Amazon and Oracle reported record cloud backlogs but are facing negative free cash flow due to massive investments in AI data centers. Oracle plans $70 billion in capital expenditures for FY2027, funded by $40 billion in new debt and equity, while Am...
