Amazon's plans to discard at least 14,000 employees and the elimination of 48,000 jobs at UPS suggest layoffs in the U.S. are on the rise, but there's just one problem: There's little evidence to supp... ...

EARNINGS PREVIEW: Palantir, Robinhood Among Leaders Set To Report Western Digital (WDC) stock rallied again Friday following an earnings report that showed the hard-disk-drive market remains red-hot because of AI demand. The San Jose, Calif.-based tech company said late Thursday that its adjusted earnings jumped 137% year-over- year to $1.78 per share while sales increased 27% to $2.82 billion. The results beat both top- and bottom-line estimates for the September quarter. On the stock market today, Western ...

Core Insights - Amazon's stock surged 11.5% to approximately $248.60, adding about $24 billion to Jeff Bezos' net worth, following an earnings report that exceeded Wall Street's expectations due to strong demand for AI offerings [1][2][4] Financial Performance - Amazon reported revenues of $180.2 billion and earnings per share of $1.95, surpassing forecasts of $177.9 billion and $1.57 respectively [2] - The company's earnings growth is significantly attributed to Amazon Web Services (AWS), which saw a 20% annual increase in sales to $33 billion [3] Stock Performance - The recent rally marks Amazon's largest single-day gain since April, with shares having increased 53% since a low of $161.38 in April [2][5] - Year-to-date, Amazon's shares have risen more than 12%, recovering from a previous 1.6% increase prior to the latest earnings report [5] Strategic Direction - Amazon is focusing on AI products and cloud infrastructure, aligning with industry trends driven by competitors like Nvidia, Google, and Microsoft [6] - The company announced a layoff of 14,000 corporate employees to streamline operations, with the CEO stating this decision was not financially driven or related to AI at this time [6] Market Position - Analysts from Pivotal Research highlighted Amazon's strong market position, noting its "deep moat" around core businesses and numerous organic growth opportunities supported by its high-margin cloud services [6]

Amazon.com Inc's (NASDAQ:AMZN) latest reorganization isn't a cost-cutting move — it's a cultural reset. CEO Andy Jassy wants to make Amazon "the world's largest startup," he said while responding to analyst questions on the third-quarter earnings call.Track AMZN stock here.Not About AI, Not About Costs"The announcement that we made a few days ago was not really financially driven and it's not even really AI driven, not right now at least," Jassy said. "It really, it's culture."Jassy admitted that Amazon's e ...

US stocks advanced Friday, lifted by strong earnings from major technology companies Amazon and Apple. The S&P 500 rose 0.7%, the Nasdaq Composite gained 1.5%, and the Dow Jones Industrial Average add... ...

Dutch airline KLM said on Friday that it had agreed a two-year deal that includes pay increases, bonuses, and improved retirement options with five trade unions representing ground staff in the Nether... ...

Core Insights - Amazon shares increased by 12% following a strong third-quarter earnings report, driven by demand for artificial intelligence services and an optimistic spending forecast [1][2] - Amazon Web Services (AWS) was a significant contributor to revenue and profit, with sales rising 20% year-over-year to $33 billion, exceeding expectations [1][2] - The digital advertising segment also showed robust growth, with revenue climbing 24% to $17.7 billion, contributing to total sales of $180.17 billion, surpassing analyst estimates [2] Financial Performance - Total sales for Amazon reached $180.17 billion, exceeding the average analyst estimate of $177.8 billion [2] - Earnings per share were reported at $1.95, which was higher than the average estimate of $1.57 [2] - AWS generated an operating income of $11.4 billion, representing approximately two-thirds of Amazon's total operating profit [2] Competitive Landscape - Analysts noted that Amazon has a strong competitive position due to its scale and growth opportunities, particularly in the high-margin AWS segment and advertising [3] - Concerns regarding competition in the cloud sector were highlighted, with Google and Microsoft reporting significant growth in their cloud revenues, at 34% and 40% respectively [4]

RT Mario Nawfal (@MarioNawfal)🚨 10,000 STARLINK SATELLITES IN ORBIT - AND NOBODY'S EVEN CLOSESpaceX crossed 10K satellites last week. For context: the entire world launched around 8,700 total spacecraft in all of history before Starlink started.They're completing Starlink missions every 48 hours now. Just set a California pad turnaround record - 2 days, 10 hours between launches from the same facility.That's industrial-scale space operations, not aerospace.The constellation now blankets the planet with low- ...

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 17, 2025.Tech's internet giants have made it through earnings season, and they offered a consistent message to Wall Street: Artificial intelligence investments are only getting bigger.Alphabet, Meta, Microsoft and Amazon each lifted their guidance for capital expenditures and now collectively expect that number to reach over $380 billion this year. Microsoft's for ...

Group 1 - The New York Stock Exchange (NYSE) provides a daily pre-market update to offer market insights before trading begins [1][2] - Emera celebrates its recent listing on the NYSE, indicating a positive development for the company [2] - Wipro marks the 25th anniversary of its listing on the NYSE, showcasing its long-term presence in the market [2] Group 2 - Stocks are mixed as of Friday morning, influenced by fresh earnings reports from major tech companies [3] - Amazon and Apple are expected to open in the green following favorable earnings, reflecting strong performance in the tech sector [3] - Investors are closely watching trade developments after a one-year trade truce was agreed upon between President Trump and Chinese leaders [3] - Wall Street is anticipating the next Federal Reserve meeting in December, with Chair Powell indicating that an additional rate cut this year is not guaranteed [3]