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.
The S&P 500 has reached 28 new highs this year, doubling the typical annual average of 14 since 1950, indicating strong bullish momentum and aggressive buying on dips. Market gains are concentrated in mega-cap growth stocks, especially the 'Mag 7,' w...
Nvidia's GPUs are in high demand as AI labs and businesses seek powerful processors, leading to a surge in neocloud providers renting these chips. Over 300 neoclouds now offer GPU rentals, growing 55% in less than a year, complementing major cloud pr...
An analyst initiates coverage of Amazon with a Strong Buy rating, citing strong earnings growth from AWS, AI, advertising, and logistics improvements. AWS revenue grew 37% and operating income 64% in Q2 2026, now making up 60% of Amazon's operating p...
Amazon.com, Inc. (AMZN) has confirmed a bullish trend reversal by breaking out of a double bottom pattern, reaching a five-week high of $262.80. This breakout suggests the recent bearish correction may have ended, supported by reclaiming key moving a...
The state of California alleges that Amazon is involved in a price-fixing scheme that coerces wholesale vendors to increase prices at competing retailers such as Target, Walmart, Chewy, and Best Buy. Evidence includes email exchanges between Amazon v...
