New York City Mayor Zohran Mamdani supports the Delivery Protection Act, which would require companies like Amazon to directly employ delivery drivers instead of subcontracting. The law aims to protect workers and hold corporations accountable but could increase delivery costs by $664 per household annually. Amazon warns the bill might force it to move delivery operations outside NYC, risking over 5,000 contractor jobs. Small business owners and delivery workers oppose the bill, fearing it will shut down their businesses and threaten thousands of jobs, especially in minority communities.
Amazon raised £4.25 billion in London, sparking questions about whether the US debt market is saturated. The company’s capital spending, especially on AWS and AI, has driven long-term debt up to $119.1 billion. Despite a strong order book and favorab...
Major AI companies like Microsoft, Amazon, and Nvidia have issued about $320 billion in debt in 2026, accounting for 68% of new long-term U.S. Treasury borrowing. This surge in AI-related bond issuance is shifting the dynamics of long-term interest r...
Alphabet reported strong Q2 2026 earnings with revenue up 24% and EPS far exceeding estimates, driven by rapid growth in Google Cloud and AI initiatives. Despite this, the stock price fell nearly 8% from last month's highs, presenting a buying opport...
Amazon has partnered with OpenAI to allow select U.S. brands to run ads within ChatGPT, marking a significant endorsement of OpenAI's growing advertising platform, which recently hit a $1 billion annualized revenue run rate. This collaboration enable...
Amazon has booked six additional satellite launches with Europe's Arianespace, bringing its total to 24 as it expands its satellite network to compete with SpaceX's Starlink. This deal supports Europe's growing commercial space sector amid increased ...
