Jeff Bezos plans to sell about 15 million Amazon shares valued at approximately $4.1 billion, following Amazon's stock reaching an all-time high after strong quarterly earnings. The sale is part of a pre-arranged trading plan and occurred through Morgan Stanley. Amazon's shares have surged 23% this year, driven by robust growth in its cloud computing business and AI investments. Bezos remains one of the largest shareholders despite regular stock sales and recent donations to nonprofits.
Caterpillar reported a record $20.5 billion in sales for Q2 2026, a 24% increase from the previous year, fueled by strong demand for power and construction equipment used in AI data center projects. Sales grew across all segments, with power and ener...
New Jersey's Attorney General has filed an antitrust lawsuit against Amazon, accusing the company of abusing its dominant position over third-party delivery contractors. The lawsuit claims Amazon's delivery service partner model suppresses wages, res...
Jeff Bezos sold 15 million Amazon shares worth about $4 billion on August 3, marking one of his largest insider sales in recent years. This sale followed Amazon's blockbuster earnings report, which beat expectations in earnings per share, sales, and ...
Amazon's AWS segment accounts for 60.3% of its operating income, showing accelerating revenue and margin growth driven by demand for custom chips, SaaS, and compute backlog. This growth supports Amazon's aggressive capital expenditure plans and doubl...
The US intervened to support the Japanese yen by selling euros instead of dollars to avoid destabilizing Treasury markets. This move weakened the dollar against the euro, which recently hit a two-month high. Meanwhile, Amazon's market cap surpassed $...
