The Federal Trade Commission (FTC) has filed a lawsuit against Amazon, accusing the company of misleading advertisers about its sponsored ads pricing and auction systems. The complaint alleges a company-wide effort to deceive advertisers, including a significant change in Amazon's auction strategy made in 2018. Over 20 state attorneys general have joined the lawsuit, highlighting the broad concern over Amazon's advertising practices. This legal action could impact how Amazon manages its advertising platform and affects advertisers' trust going forward.
Amazon announced a $5.3 billion investment to establish its first AWS Cloud Infrastructure Region in Saudi Arabia, set to launch in December 2026. This major project expands AWS's global footprint to 40 regions and includes a partnership with HUMAIN ...
Amazon faces market sell-offs due to concerns over AI capital spending, but its AWS backlog has surged to $496 billion with triple-digit growth, mostly contracted for five years. AWS revenue is growing rapidly with strong margins, supported by custom...
Amazon reported strong Q2 results with AWS growth accelerating to 37% and advertising revenue growing 26%, signaling robust business momentum. The company’s cloud backlog reached $496 billion, and its AI and chip units surpassed $25 billion annualize...
Amazon and Alphabet both showed strong cloud growth in Q2 2026, driven by AI infrastructure investments. Amazon's AWS posted $42.2 billion revenue with a 39% operating margin and self-funded its $53.1 billion capex through strong cash flow, making it...
Federal Reserve Chair Kevin Warsh emphasized a hawkish stance on interest rates, citing persistent inflation and no immediate plans to cut rates despite recent positive economic data. He highlighted that AI-driven capital spending is the primary driv...
