amazon

OpenAI, Amazon Ink $38B Deal to Scale AI with Tens of Millions of CPUs

Amazon Web Services and OpenAI have entered a multi-year strategic partnership to support the rapid scaling of Artificial Intelligence workloads. OpenAI will immediately begin using...

Amazon (AMZN) Shares Rally to Record High After Q3 Earnings Exceed Expectations

Amazon stock reached a new all-time high after surpassing earnings expectations in the latest quarter.Amazon Web Services (AWS) grew revenue by 20% and contributed...

Amazon Commits $5B to Build Data Centers in South Korea by 2031

Amazon Web Services will invest $5 billion in new data centers in South Korea by 2031. ...

Amazon (AMZN) to Lay Off 30,000 Workers Beginning October 28

Amazon plans to lay off up to 30,000 employees starting October 28, 2025.The job cuts aim to reduce costs and correct overhiring during the...

Amazon to Hire 250K for Holidays Amid Layoff, $19–$23/hr Pay

Amazon plans to hire 250,000 seasonal and permanent workers across the U.S. for the holiday season.New positions include both part-time and full-time roles, with...

Amazon Plans 15% Cut in People eXperience Technology Division

Amazon plans to reduce its People eXperience Technology (PXT) team by 15%. The cuts may also impact other divisions within the company. The PXT division currently...

Amazon to Pay $2.5B in FTC Settlement, 35M Prime Users Refunded

The Federal Trade Commission (FTC) reached a $2.5 billion settlement with Amazon regarding deceptive Amazon Prime enrollment practices. The settlement includes $1 billion in penalties...

Wall Street Upgrades Amazon Stock Despite AI Concerns, Shares Dip

Amazon's stock receives upgraded ratings from Wall Street analysts despite a recent 5% decline.Wells Fargo raises its AMZN rating to Overweight, citing stronger industry...

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Kraken, Franklin Templeton partner on tokenized assets.

Payward (Kraken's parent) and Franklin Templeton are collaborating to bring traditional financial products onto blockchain networks.The partnership includes integrating...

Saylor: Key Act Language Critical For Digital Yield Markets

Strategy's Michael Saylor calls the CLARITY Act a catalyst for the next wave of digital capital, credit, and equity...

Banks In “Panic Mode” Over Crypto Bill As Bitcoin Rises

The Bitcoin Price has surged past $82,000 as traders anticipate a massive $16 trillion market "supercycle."Wall Street lobby groups,...