Amazon has announced plans to acquire Globalstar, a mobile satellite services operator, to enhance its Amazon Leo low Earth orbit satellite network. This acquisition, expected to close in 2027, will allow Amazon to provide continuous connectivity worldwide, including remote areas and users moving in and out of cellular networks. The deal also supports Amazon's partnership with Apple to power satellite services on iPhone and Apple Watch devices. Amazon aims to expand its satellite constellation significantly, boosting service reliability and coverage for consumers, enterprises, and governments globally.
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...
Electrovaya Inc. has announced a commercial agreement with Amazon to support the deployment of its Infinity Battery Technology in material handling operations, with potential expansion into robotics and energy storage applications. Amazon will receiv...
TappAlpha introduced the TappAlpha Cboe Magnificent 10 Growth & Daily Income ETF (TMGN), which offers exposure to the Cboe Magnificent 10 Index featuring leading tech companies like Nvidia, Microsoft, and Apple. This ETF applies TappAlpha's options-b...
Fred Piard highlights that consumer services stocks are notably undervalued yet maintain strong quality, while the auto and components sector remains unattractive fundamentally. The Vanguard Consumer Discretionary ETF is cheaper than the XLY ETF due ...
