Amazon invested over $5 million in a New York political campaign to oppose a NYC Council bill that would require the company to directly employ its delivery drivers instead of using third-party contractors. The Delivery Protection Act, supported by Mayor Zohran Mamdani and Council Member Tiffany Caban, aims to regulate last-mile delivery by mandating direct employment to improve accountability and worker protections. Amazon argues the bill threatens small businesses and could lead to relocating operations outside the city, while supporters say it fights exploitative subcontracting. The bill has strong council support and could make New York the first U.S. city to enforce such regulations.
Amazon endured a 50% stock drop, CEO change, and its first loss in years but bounced back with strong cloud and ad growth. AWS revenue surged 36.7% in Q2 2026, driven by AI demand, while advertising hit $19.8 billion. A $1,000 investment 10 years ago...
Qualcomm is currently undervalued by the market, which still views it mainly as a handset maker despite its growing AI and automotive businesses. The company reported a 61% increase in automotive revenue and expects significant revenue from hyperscal...
Amazon.com, Inc. will release its Q3 earnings on October 29. Investors have recently been worried about the company's large capital expenditure, expected to reach $220 billion for the fiscal year, driven by AI-related investments. This $20 billion in...
Amazon has underperformed other AI-focused tech giants this year, presenting a potential buying opportunity as strong third-quarter earnings are anticipated. Despite a soft Q3 retail revenue outlook influenced by Prime Day timing and currency effects...
Elon Musk suggested the possibility of starting a competitor to Amazon after reports that Amazon was blocking AI bots from placing orders. SpaceX, now public, posted strong revenue growth, particularly in AI, and holds substantial cash reserves, posi...
