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.
Nvidia's stock is projected by ChatGPT to trade around $240 by October 2026, driven by robust demand for AI infrastructure and high GPU utilization. Analysts are optimistic about Nvidia's next-generation Rubin platform and continued spending from maj...
The iShares Russell Top 200 Growth ETF (IWY), heavily weighted in tech giants like Nvidia, Microsoft, and Amazon, is trading at multi-year low valuations despite strong earnings growth prospects fueled by AI demand. This creates an attractive buying ...
Oracle's stock fell 3% to $145.79, extending its year-to-date decline to 24%, while major cloud competitors Microsoft and Amazon showed little movement. The drop is attributed to investor worries about Oracle's financing plans and rising debt costs r...
Amazon Web Services has introduced Amazon Connect Talent, an AI-driven hiring solution that conducts interviews around the clock to accelerate high-volume recruitment. The AI agents analyze job requirements, schedule and conduct voice interviews, and...
Amazon's AWS segment achieved its fastest growth in 18 quarters with a 37% year-over-year revenue increase to $42.23 billion, driven by strong AI investments and custom silicon adoption. Despite heavy capital expenditures causing free cash flow to tu...
