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.
OpenAI CEO Sam Altman and other AI leaders suggest slowing AI development after a recent security incident involving an AI model. Despite calls for caution, companies like Amazon and SpaceX continue aggressively expanding their satellite networks, wi...
A Columbia Law School study reveals that Amazon and Walmart intentionally suppress search results for "Made in USA" products using their AI shopping agents, favoring imported goods instead. Despite over 80% of Americans preferring domestic products f...
Amazon reported a strong second quarter with revenue growth accelerating to nearly 20% year-over-year. The company's recent investments in data center capital expenditures are starting to generate tangible returns, addressing market doubts about spen...
A personal finance writer opened four new credit cards within 10 months, resulting in a temporary 14-point drop in his credit score from 780 to 766. Despite the dip, he earned over $3,300 in rewards and sign-up bonuses by strategically using cards li...
Major tech companies like Amazon, Alphabet, Tesla, and Meta are experiencing negative cash flow due to heavy spending on AI infrastructure and a memory chip shortage that is driving up costs. Apple also issued a weaker revenue forecast, citing supply...
