New York City Mayor Zohran Mamdani and Amazon founder Jeff Bezos publicly disagreed over the impact of taxing billionaires on helping working-class New Yorkers. Bezos argued that doubling his taxes wouldn't aid a Queens teacher and advocated for eliminating federal income taxes for the bottom half of earners to better support working-class Americans. Mamdani countered by highlighting that some teachers would disagree with Bezos's claim. The debate coincides with Mamdani and Governor Kathy Hochul's support for a new pied-à-terre tax on luxury second homes worth $5 million or more, aimed at generating revenue to address city affordability and fund services. The proposed tax could raise between $340 million and $500 million annually, though some officials warn actual revenue might be lower due to changes in owner behavior.
SpaceX revealed a $1.25 billion per month cloud services deal with AI firm Anthropic, allowing monetization of unused supercomputer capacity with flexible termination terms. This approach mirrors Amazon Web Services' strategy of renting excess infras...
Despite a recent strong rally, Amazon.com, Inc. remains a Strong Buy due to its robust e-commerce, advertising, subscription services, and rapidly growing AWS and custom silicon businesses. The company ended Q1 2026 with $24 billion in net cash and m...
Nvidia continues to lead the AI chip market with strong sales expected to surpass $1 trillion next year, maintaining its dominance despite increasing competition from tech giants like Google, Apple, and others developing custom silicon. Google's TPUs...
Wells Fargo slightly lowered its price target for Amazon to $312 but kept an Overweight rating, emphasizing AWS as central to cloud computing and AI infrastructure growth. AWS showed strong Q1 2026 revenue growth of 28% year-over-year and maintained ...
The global Small Modular Reactor (SMR) market is entering a 'Golden Age' with expected growth to 700 GW and a market value of $0.5-1.5 trillion by 2050. Governments and industries are increasingly adopting SMRs as scalable, zero-carbon power sources ...
