Core Insights - Amazon's cloud unit, Amazon Web Services (AWS), has experienced at least two outages due to errors related to its own AI tools, as reported by the Financial Times [1] Company Impact - The outages could potentially affect AWS's reputation and reliability in the cloud services market, which is critical for maintaining customer trust and competitive advantage [1] Industry Context - The incidents highlight the challenges and risks associated with integrating AI tools into cloud services, emphasizing the need for robust testing and quality assurance processes in the rapidly evolving tech landscape [1]

In a unanimous landmark decision on Thursday, the Washington Supreme Court ruled that Amazon.com Inc. (NASDAQ:AMZN) must face negligence lawsuits brought by families whose relatives died by suicide using sodium nitrite purchased on the platform.A Duty Of CareThe 9-0 ruling reverses a lower court decision, effectively stripping the retail giant of its legal immunity in cases where its marketplace is used to distribute lethal substances, reported Reuters.The high court rejected the long-standing legal argumen ...

Amazon’s latest wave of layoffs has reportedly hit New York, with hundreds of employees losing their jobs. Roughly 135 corporate employees at Amazon’s 1440 Broadway office in Manhattan were laid off in January, according to the New York Post, citing a filing submitted to the New York State Department of Labor.More than 100 other New York-based employees were also let go, the outlet reported, citing a source who said additional filings are expected to surface in state records in the coming weeks. AMAZON VAN ...

In the last few quarters, I have always been cautious about Amazon.com, Inc. ( AMZN ) and usually rated the stock as a Hold. Considering that most Seeking Alpha and Wall Street analysts were rather bullishMy analysis is focused on high-quality companies, that can outperform the market over the long-run due to a competitive advantage (economic moat) and high levels of defensibility. Focused on European and North American companies, but without constraints regarding market capitalization (from large cap to sm ...

Core Insights - Amazon.com, Inc. (AMZN) is recognized as a leading consumer marketplace and cloud provider in the current market landscape [1] Group 1 - The focus is on uncovering high-yield investment opportunities for individual investors [1] - The goal is to simplify complex concepts into actionable insights to enhance investment returns [1]

Core Insights - Amazon has laid off approximately 300 employees in New York as part of a larger plan to reduce its workforce by 16,000, which was announced last month [1][2][6] - The layoffs are part of a restructuring strategy that includes investments in artificial intelligence and addressing over-hiring during the COVID pandemic [2][6] - CEO Andy Jassy has indicated that the company will require fewer employees as it implements AI technologies, which are expected to lead to efficiency gains [3][8] Layoff Details - Specifically, 135 corporate employees at 1140 Broadway were laid off in January, with an additional 165 layoffs expected to be reported soon [1][2] - The layoffs in New York are part of a broader trend, with nearly 1,000 job losses occurring at nine Amazon locations in the city last year [8] Industry Impact - The latest cuts are believed to be focused on tech roles, which may impact Amazon's efforts to establish a strong presence in the New York tech community [9] - Other tech companies in New York may see this as an opportunity to attract talent from Amazon's workforce reductions [9]

Amazon can be sued over suicides linked to sodium nitrite, Washington Supreme Court rules | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Amazon logo is seen in this illustration created on February 11, 2025. REUTERS/Dado Ruvic/Illustration/File Photo [Purchase Licensing Rights, opens new tab]- Companies- Summary- Amazon disputes ruling, emphasizes customer safety commitment"- Lower court ruling reversed- Families say Amazon sold ' ...

Walmart's earnings are out, Amazon has officially taken the top revenue spot, and consumers are clearly hunting for value. The retail pecking order may be shifting. Joining us now to make sense of it all, and to tell us which stocks are poised to come out on top is Arun Sundere, SVP equity research, CFR.Arun, great to have you here. >> Thanks for having me. >> So, Arun, give us the cliff notes here.What did we learn from Walmart this morning. Yeah, I mean it's it's it's a bit of the the same old. You know, ...

Walgreens cuts workforce after private equity buyout, Bloomberg News reports | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]A sign advertises flu, pneumonia, and shingles vaccine shots at a Walgreens pharmacy in Miami, Florida, U.S. September 4, 2025 REUTERS/Marco Bello [Purchase Licensing Rights, opens new tab]- Companies[Amazon.com Inc]Follow[Walmart Inc]FollowFeb 19 (Reuters) - Pharmacy chain Walgreens is laying off over 600 em ...

2026 hasn't exactly started with a bang for the stock markets, with the S&P 500 ( SP500 ) staying flat YTD. It has been even worse for technology stocks, with both the State StreetManika is a macroeconomist with over 20 years of experience in industries including investment management, stock broking, investment banking. She also runs the profile Long Term Tips [LTT], which focuses on the generational opportunity in the green economy. Her investing group, Green Growth Giants, takes the theme a step further f ...