Amazon's stock price has been rising steadily, driven largely by its Amazon Web Services division. The company's market capitalization is currently about $2.95 trillion, just 1.7% shy of the $3 trillion milestone. Achieving this would make Amazon only the fifth U.S. company to reach such a valuation, highlighting its significant growth and market influence. Investors are watching closely as the stock heads toward a potential record high close.
This week, U.S. markets focus on the Federal Reserve's July meeting, key inflation data like Core PCE, and second-quarter GDP figures, alongside major tech earnings from Microsoft, Meta, Apple, and Amazon. Rising oil prices and geopolitical tensions ...
Generation X investors, many underprepared for retirement, face significant risks due to heavy reliance on S&P 500 funds as they near retirement age. Unlike baby boomers, fewer Gen Xers have traditional pensions, increasing their dependence on define...
Warner Bros Discovery has filed a lawsuit against Amazon accusing it of illegally recruiting employees who are still under contract, including HBO Max marketing executive Pia Barlow. The lawsuit claims Amazon induced employees to breach their term ag...
Yields on bonds climbed this week after Alphabet increased its capital expenditure forecast for AI development, sparking fears that other major tech companies like Amazon and Meta will follow. Fixed-income investors are demanding higher credit spread...
Shares of major tech companies, including Alphabet and Tesla, dropped sharply after both announced increased capital expenditures focused on AI infrastructure. Alphabet plans to spend $200 billion this year, up from $190 billion, aiming to enhance AI...
