Amazon's Prime Day event will run from June 23 to June 26 for the second year in a row, offering daily new deals to encourage extended shopping. This mid-year sale aims to boost membership in Amazon's loyalty program and promote its products, even as U.S. consumer sentiment hits record lows due to economic pressures like rising oil prices and geopolitical tensions. The event will focus on discounts for groceries and household essentials, reflecting shoppers' preference for practical items over luxury goods during uncertain times. Amazon expects customers to take advantage of deals on everyday items such as produce, meats, and personal care products, helping them stretch their budgets.
In Q2 2026, top contributors to growth included Taiwan Semiconductor Manufacturing, Alphabet, United Rentals, Apple, and Visa. Alphabet’s Google Search and Cloud segments showed robust revenue growth of 19% and 63%, respectively, boosting operating i...
Jim Cramer cautioned that the recent rally in Big Tech stocks like Alphabet, Microsoft, Meta, and Amazon might be more about investor optimism than real improvements in their business fundamentals. Despite positive news such as Warren Buffett's endor...
Dave Brown, a senior vice president at Amazon Web Services (AWS) and a key figure since its early days, is leaving the company at the end of this month for a new role outside Amazon. Brown helped launch AWS's core EC2 service and later led its comput...
The rapid growth of hyperscale data centers, driven by AI demand, is causing U.S. electricity consumption to surge after a decade of stagnation. Experts predict data centers will use 11-16% of total electricity by 2030, with investments in these faci...
The global hybrid robots market is projected to grow from $5.68 billion in 2026 to $10.03 billion by 2030, with a CAGR of 15.3%. Growth is fueled by advances in AI, autonomous operations, and smart manufacturing, alongside rising demand for robots in...
