Amazon CEO Andy Jassy ominously warned Tuesday that he expects the rise of generative artificial intelligence to “reduce” the company’s corporate workforce in the next few years.The Amazon boss, who replaced Jeff Bezos as CEO in 2021, said generative AI is a “once in a lifetime” technology that “should change the way our work is done” as the company integrates it into its business operations.As a result, Amazon will “need fewer people doing some of the jobs that are being done today, and more people doing o ...

Amazon CEO Andy Jassy, in a Tuesday statement, said he expects that artificial intelligence will mean job cuts for white-collar workers. "As we roll out more Generative AI and agents, it should change the way our work is done," Jassy said. "We will need fewer people doing some of the jobs that are being done today, and more people doing other types of jobs."He continued: "It's hard to know exactly where this nets out over time, but in the next few years, we expect that this will reduce our total corporate ...

Key Takeaways Investors can obtain exposure to the AI trade through several angles. ETN and VRT have benefited from red-hot demand, with their quarterly results regularly strong as of late. Expect the AI frenzy to last for years, as these companies' results allude to it going nowhere anytime soon. Artificial intelligence (AI) remains among the hottest market topics, with investors continuing to seek ways to obtain exposure. The theme has undoubtedly been the strongest we’ve seen in years, with many stocks ...

Core Insights - JPMorgan Chase is advancing into the cryptocurrency sector with the introduction of its own stablecoin-like token named JPMD [1][2] - The bank plans to launch a deposit token on Coinbase's public blockchain Base, which operates on the Ethereum network [2] - JPMD is designed to represent a digital version of a commercial bank deposit and will be available exclusively to institutional clients [3] Product Features - JPMD will provide clients with 24/7 settlement capabilities and the potential to earn interest on holdings [3][4] - The token is classified as a "permissioned token," distinguishing it from many publicly available stablecoins [3] - The introduction of interest-bearing deposit tokens aims to enhance compatibility with existing deposit products used by institutions [4] Market Implications - JPMorgan anticipates that institutions will utilize JPMD for on-chain digital asset settlement and cross-border business-to-business transactions [3]

Core Insights - The Jeep brand is entering the VIP protection and law enforcement market with the launch of the 2025 Jeep Wagoneer Command Operations Vehicle (COV) [3][5] - The vehicle has already garnered significant interest from government agencies since its introduction in January 2025 [5][6] - The Jeep Wagoneer COV features advanced safety and technology attributes, earning a Top Safety PICK rating from the Insurance Institute for Highway Safety (IIHS) [5][6] Vehicle Features - The Jeep Wagoneer COV includes a 420-horsepower Twin-turbo Hurricane engine, capable of accelerating from 0-60 mph in 6.3 seconds [7] - It offers best-in-class towing capacity of 10,000 lbs and more than 130 standard safety and security features [7][8] - The vehicle is equipped with a comprehensive digital connectivity package, including three years of app-based Jeep Connect services and over-the-air updates for software evolution [8] Market Engagement - The Jeep Wagoneer COV was showcased at a Stellantis event attended by over 200 fleet customers, highlighting its potential in secure VIP transportation [4][6] - The vehicle is available for order through Stellantis U.S. dealerships, with details for the Canadian market to be announced for the 2026 model year [3][4]

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Colibri Resource Corporation Announces Results of Annual General MeetingJune 17, 2025 2:57 PM EDT | Source: Colibri Resource CorporationDieppe, New Brunswick--(Newsfile Corp. - June 17, 2025) - Colibri Resource Corporation (TSXV: CBI) ("Colibri" or the "Company") is pleased to announce the results of its Annual General Meeting ("AGM") of shareholders held on June 13, 2025.A total of 9,451,871 common shares were represented in person or by proxy at the meeting, representing approximately 8.19% ...

SolarEdge Technologies SEDG shares are trading lower after GLJ Research analyst Gordon L. Johnson II downgraded the stock from Hold to Sell.With SolarEdge still struggling in the U.S. and European markets, many solar pundits expected the Senate to extend the company an “olive branch” in the form of a revival of the 48E 30% tax credit for solar companies, Johnson II noted. However, the analyst learned that SolarEdge is not in danger of such a fate, with several headwinds pointing to problems on the horizon.A ...

The study will explore the possibility of a sale of existing coal units Settlement with state's coal producers is aligned with Indiana Governor Mike Braun's executive orders on coalPLAINFIELD, Ind., June 17, 2025 /PRNewswire/ -- Duke Energy Indiana and Reliable Energy Inc., which represents several of Indiana's major coal producers, have reached a settlement in Duke Energy Indiana's request pending before the Indiana Utility Regulatory Commission for a proposed new natural gas plant at its Cayuga Generati ...

Core Viewpoint - Eyenovia, Inc. has announced a $50 million private placement to acquire HYPE tokens, aiming to become a significant player in the Hyperliquid blockchain ecosystem and enhance shareholder value through cryptocurrency treasury strategy [3][5][13]. Group 1: Private Placement Details - The company has entered into a securities purchase agreement (SPA) for a $50 million private placement with institutional accredited investors [3]. - The SPA includes the issuance of non-voting convertible preferred stock convertible into approximately 15.4 million shares of common stock at a conversion price of $3.25 per share, along with warrants to purchase approximately 30.8 million shares at the same exercise price [4]. - If the warrants are fully exercised, the transaction could generate aggregate gross proceeds of approximately $150 million [4]. Group 2: Cryptocurrency Strategy - Eyenovia plans to build a reserve of HYPE tokens, which are native to the Hyperliquid blockchain, and aims to acquire over 1,000,000 HYPE tokens [5][12]. - The company intends to implement a HYPE staking program and has partnered with Anchorage Digital for asset security [5]. - This strategy positions Eyenovia as the first U.S.-based publicly listed company to hold HYPE in its treasury, enhancing its role in the blockchain ecosystem [2][5]. Group 3: Leadership Changes - Hyunsu Jung has been appointed as Chief Investment Officer and Board member, indicating a strategic shift towards cryptocurrency and blockchain investments [2][3]. - The CEO, Michael Rowe, emphasized the importance of this transaction for shareholder interests and long-term capital appreciation [5]. Group 4: Ongoing Business Focus - Alongside the cryptocurrency strategy, Eyenovia will continue to develop its Gen-2 Optejet User Filled Device (UFD), with FDA registration anticipated by September 2025 [6]. - The company is also engaged in commercial partnering discussions for the Optejet dispenser, indicating a dual focus on innovation in ophthalmic technology and blockchain [6][14]. Group 5: Future Developments - The closing of the offering is expected around June 20, 2025, with plans to change the company's name and ticker to "Hyperion DeFi" and "HYPD" respectively [7]. - A registration rights agreement has been established to facilitate the resale of shares underlying the preferred stock and warrants [8].