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 $3 trillion following better-than-expected earnings, partly boosted by its AI investments. HSBC and Saudi Aramco also reported earnings beats, benefiting from strong banking growth and high oil prices, respectively.
Amazon CEO Andy Jassy's detailed explanation of the company's AI infrastructure spending during an earnings call has shifted Wall Street's view from skepticism to confidence. Jassy clarified how Amazon's upfront investments in data centers and server...
Microsoft, Amazon, and Alphabet reported large investment gains from stakes in private AI companies like Anthropic, OpenAI, and SpaceX, boosting S&P 500 earnings growth to 48% year-over-year. However, these gains are mostly on paper and do not reflec...
Amazon-owned Zoox has received federal approval to deploy the first steering-wheel-free robotaxis commercially in the U.S., pending state and local permissions. This milestone in autonomous vehicle technology introduces new legal challenges, especial...
SpaceX priced its IPO at $135 per share, opened at $150, peaked at $193 on day one, and then fell 44% to $108 within seven weeks. This sharp decline illustrates the danger of buying IPOs at peak prices driven by hype rather than fundamentals. Suze Or...
Amazon reported a strong Q2 2026 with EPS of $5.75 versus $1.82 expected and revenue up 20% to $200.6 billion, driven by AWS and advertising growth. The stock jumped 23% in a week, boosting related ETFs differently: AMZU, a 2X leveraged ETF, rose 47%...
