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 roughly 30,000 corporate job cuts since October 2025. The affected employees will be out by October 20. Meanwhile, Uber also announced major cuts, trimming 3,300 corporate roles globally, focusing on management and ending full remote work for most staff.
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...
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 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 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...
