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 Zohran Mamdani and Councilmember Tiffany Cabán, aims to require direct employment of delivery workers to improve accountability and working conditions. Amazon and small business delivery partners warn the law could force relocation of delivery facilities outside NYC, impacting service speed and costs. The debate highlights tensions between labor protections and business operations in urban logistics.
Microsoft has started reporting Azure's standalone revenue, revealing it is closer in size to Google Cloud but significantly smaller than Amazon Web Services (AWS). Azure's full-year revenue surpassed $100 billion with 43% growth in Q4, while AWS lea...
The US bond market is experiencing increased volatility and uncertainty as the Federal Reserve has abandoned its forward guidance policy. This shift has led to surging Treasury yields that recent interventions have failed to contain, highlighting fis...
Zoox, an Amazon-owned autonomous vehicle company, has extended its commercial robotaxi service in Las Vegas to include rides to and from Harry Reid International Airport. This expansion follows a recent federal exemption allowing Zoox to operate and ...
Microsoft CEO Satya Nadella sold 86,525 shares worth nearly $43.4 million on September 1, accounting for 65.66% of all insider stock sales by senior Microsoft personnel in 2026. This sale came amid a busy period of insider trading in big tech, includ...
Broadcom reported an 86% year-over-year revenue increase to $29.59 billion and adjusted EPS of $3.32 for Q3, driven by strong AI semiconductor demand. However, shares fell 2.1% premarket due to weaker-than-expected Q4 revenue guidance of $34.8 billio...
