Amazon has introduced an AI feature through Alexa for Shopping to help customers verify if messages claiming to be from Amazon are genuine or scams. The AI checks sender details, message content, and metadata against billions of Amazon communications to confirm authenticity. This tool aims to reduce the 360,000 annual customer inquiries about suspicious messages and improve scam detection as users report more cases. This addition aligns with Amazon's broader strategy to enhance Alexa's shopping assistance capabilities.
JPMorgan's JEPI ETF offers an 8.33% yield mainly from option premiums and large-cap stocks, but in taxable accounts, most distributions are taxed as ordinary income, not at the lower qualified dividend rate. This results in a significant tax penalty—...
Amazon has introduced a new Alexa feature in the U.S. that lets consumers verify if emails, texts, or calls claiming to be from Amazon are genuine. This tool aims to combat impersonation scams, which are a leading cause of consumer fraud losses, by c...
Amazon is eliminating about 150 positions at its Northern California offices, with 70 jobs cut in Sunnyvale and 78 in San Francisco. These layoffs are part of a broader effort by CEO Andy Jassy to reduce management layers and bureaucracy, following r...
Amazon opposes New York City's Delivery Protection Act, which would ban third-party contractors for last-mile deliveries, arguing it could increase delivery costs by $664 annually per household and risk over 5,000 jobs. The bill, backed by Mayor Zohr...
Amazon's stock is expected to rise about 27% over the next 12 months, driven by AWS's fastest growth in 18 quarters, with revenue up 37% to $42.23 billion. CEO Andy Jassy highlighted strong AI and chip business growth, with AWS backlog reaching $496 ...
