In June 2026, Amazon Prime Day and Walmart Deals overlapped for the first time, attracting 64% of U.S. consumers to shop at least one event, up from 33% in 2025. This overlap brought millions of new shoppers, especially baby boomers and seniors, who increased their participation significantly, while millennials spent less. Average spending per shopper dropped at both retailers, indicating more deal-focused buying rather than bulk purchases. The overlap encouraged price comparison, with many shoppers using AI tools to find deals, signaling a shift toward more deliberate, tech-assisted shopping. Retailers now have the chance to convert these newly engaged consumers into regular customers by leveraging digital tools and multi-platform shopping.
Microsoft and Amazon reported earnings showing contrasting AI strategies: Microsoft leverages AI through software in existing workflows, boosting Microsoft 365 Copilot seats and Azure growth, while Amazon invests heavily in expanding AWS infrastructu...
Markets showed mixed movements as investors await the Federal Reserve's September meeting minutes due Wednesday and the start of earnings season. The CME's FedWatch tool indicates interest rates are expected to remain steady. Recent weaker-than-expec...
Jeffrey Cole, a USC researcher, ranked four major tech giants—Meta, Apple, Alphabet, and Amazon—by their vulnerability to decline. He considers Meta the most at risk, citing legal troubles and declining free cash flow, while Amazon is seen as the str...
Amazon's AWS revenue grew 36.7%, supported by a $496 billion backlog signaling strong future demand for cloud and AI services. The company plans approximately $220 billion in capital expenditures by 2026, which may pressure near-term cash flow despit...
Amazon is investing hundreds of billions in data centers, servers, and chips, aiming for long-term returns as these assets generate revenue over decades. AWS revenue grew 37% in Q2 with a strong operating margin, and the company has a $496 billion ba...
