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On Wednesday, J.P. Morgan analyst Brian Ossenbeck boosted his rating of FedEx stock to Buy from Hold. FedEx stock jumped 2.8% to $411.20 after the open Wednesday, while UPS stock rose 1.2% to $103.32. Ossenbeck has a positive of the view of the company heading into the spinoff of its freight business, expected next week, and before its fiscal-fourth-quarter results on June 23.
Amazon.com (NasdaqGS:AMZN) has outlined a multi billion pound UK investment program, with over £15b invested in 2025. The company targets a total of £40b in UK investment by 2027 across operations, studios, and office expansions. As part of the program, Amazon is launching a pilot drone delivery service in the UK. For anyone tracking Amazon.com (NasdaqGS:AMZN), this UK commitment sits alongside its broad mix of e commerce, logistics, and cloud services. The new spending touches core...
It is becoming easier to get into the $1 trillion market-cap club. SK Hynix and Micron Technology now belong because of the demand for memory chips. SK Hynix’s 12-month stock price jump reached 1000%. The two joined Samsung, which was recently added to the list. The $1 trillion plus list has 14 members. (The club ... 14 Companies Now Worth Over $1 Trillion
Google, part of Alphabet (NasdaqGS:GOOGL), is reportedly in advanced talks with SpaceX to deploy space-based data centers, aiming to support AI and cloud workloads. Google has joined the Data Center Innovation Initiative alongside Amazon, Meta, and Microsoft to test and co-fund next generation energy and materials technologies for data centers. For investors watching Alphabet, these moves sit at the intersection of cloud infrastructure, AI computing, and energy use. Space-based data...
<body><p>STORY: From predictions on how AI will hit jobs, to two $1 trillion market values...</p><p>This is AI Weekly. </p><p>:: AI Weekly</p><p>OpenAI’s Sam Altman said the rapid development and adoption of AI won't lead to a so-called jobs apocalypse. </p><p>And that it hadn’t claimed as many white-collar jobs as he’d feared. </p><p>Speaking at a Sydney conference, he said he’d been right about technological predictions when launching ChatGPT in 2022. </p><p>But admits he was wrong on AI's near-term social and economic impact.</p><p>It comes, however, as a growing number of major global companies, like Amazon and HSBC, announce some jobs are being replaced by AI. </p><p>// </p><p>Meanwhile, Anthropic’s Chris Olah warned that AI development cannot be left solely to technology companies.</p><p>“AI development is concentrated in a handful of wealthy nations. How will we ensure that the gains of AI are shared globally? We do not have a mechanism for this. It is an unsolved problem.”</p><p>Speaking at the Vatican, the Claude AI-maker urged greater oversight of the technology from religious leaders, governments and civil society.</p><p>Unlike Altman, Olah said there was "a real possibility" that AI will displace human labor "at a very large scale."</p><p>“If that happens, supporting those displaced will be a moral imperative of historic proportions.”</p><p>The event marked an unusual convergence between the technology sector and the Catholic Church.</p><p>// </p><p>U.S. President Donald Trump on Thursday said he’d postponed signing an executive order on AI because he didn’t like certain aspects of it. </p><p>“I think it gets in the way of, you know, we're leading China, we're leading everybody. And I don't want to do anything that's going to get in the way of that lead. We have a very substantial one.”</p><p>Sources told Reuters the order would create a voluntary framework for AI developers to engage with the U.S. government before the public release of advanced models. </p><p>And the tech industry feared that the order's provisions could hurt industry profits if it slowed the rollout of new models. </p><p>Trump had planned to sign the order at a ceremony on Thursday afternoon attended by CEOs of AI companies.</p><p>//</p><p>On Tuesday, the S&P 500 and Nasdaq hit record closing highs.</p><p>That’s as AI-fueled optimism offset anxiety over Middle East peace talks.</p><p>Semiconductor stocks, which have surged on AI-driven demand, led gains, with Micron hitting $1 trillion in market value for the first time.</p><p>There's a renewed confidence in AI trade which has driven U.S. equities higher…</p><p>With investors now turning their attention to IPOs of some of the largest private AI companies, including SpaceX.</p><p>//</p><p>A day later, SK Hynix topped $1 trillion in market value for the first time.</p><p>It joined memory chip rivals Micron and Samsung Electronics in reaching the milestone on an AI-driven rally.</p><p>Shares of SK Hynix closed the session up 9.3%, after rising almost 15% during the session. </p><p>It propelled South Korea’s benchmark KOSPI index to a record high.</p></body>
Non-European satellite operators such as Elon Musk's Starlink and Amazon's low-earth-orbit business can bid for mobile satellite spectrum, the European Commission said on Wednesday, leaving the door open to U.S. companies while also decreasing the share of spectrum they will be able to acquire. But the push has been marked by internal divisions at the Commission, with some wanting to be more aggressive and others wanting a more gradual line. Two thirds of the available spectrum will be divided equally between EU and non-EU operators for commercial use, the EU executive said, confirming a Reuters report.
Amazon.com Inc. (NASDAQ:AMZN) ranks among the best stocks for a couch potato portfolio. On May 15, Wolfe Research issued its newest internet sector study, which included Amazon.com Inc. (NASDAQ:AMZN) as one of its top picks. The firm anticipates that AWS acceleration will boost sales and EBITDA expectations. Wolfe forecasts AWS revenue growth in Q2 of […]
Amazon (NASDAQ:AMZN) said it invested more than £15 billion ($20 billion) across the UK during 2025, keeping the group on course to meet its target of investing £40 billion in Britain by the end of 2027. The spending programme during the year covered the opening of additional operational facilities, expansion of production studios and office capacity, as well as the launch of a pilot programme for drone deliveries.
Abel has pledged to follow in Buffett's footsteps.
Amazon invested over £15 billion ($20 billion) in Britain in 2025, keeping the e-commerce giant on track to deliver its planned £40 billion investment in the three years to the end of 2027, it said on Wednesday. Investments in 2025 included the launch of new operational sites, expanded studio production facilities and office space, as well as the start of a drone deliveries trial. Updating on its annual UK economic impact and tax disclosure, Amazon also said: • In 2025, the total revenues of its activities in the UK were more than £30 billion.
The online marketplace is one of the UK’s biggest employers with about 75,000 staff.
(Bloomberg) -- ByteDance Ltd., the developer of TikTok and a leading force in artificial intelligence, is considering increasing its capital spending to more than double last year’s in a bid to lead the Chinese AI market and challenge the top US players abroad.Most Read from BloombergIran’s Khamenei Says No Going Back for Middle East Rocked by WarSingapore Hands Byju's Founder His First Ever Jail TermPutin Signs Law on Use of Army to Aid Russians Detained AbroadRussia Tells US to Evacuate Its Di
The iShares MSCI Emerging Markets ETF (EEM) has surged 25% so far in 2026, overtaking the State Street SPDR S&P 500 ETF Trust (SPY), State Street SPDR Dow Jones Indust Avg ETF Trust (DIA), and the Invesco QQQ Trust (QQQ).
Forget showing up to the office early or working through your lunch break. If you want to impress your boss in 2026, you need to be “tokenising”.
Mastercard (NYSE:MA) is partnering with JD.com to expand payment infrastructure and co-develop AI powered commerce tools in China. The company is also rolling out new Amazon Business credit cards that run on the Mastercard network, with built in spend management and security features. Mastercard, trading at $493.01, is moving beyond headline earnings and focusing attention on where and how transactions happen. The stock has declined 12.5% year to date and 13.7% over the past year, and it...
By Foo Yun Chee BRUSSELS, May 27 (Reuters) - European leaders are divided on how far to go in curbing Big Tech as they weigh momentous decisions over giving EU firms preferential access to mobile
European leaders are divided on how far to go in curbing Big Tech as they weigh momentous decisions over giving EU firms preferential access to mobile satellite spectrum and limiting large multinationals' access to EU cloud tenders. On Tuesday, Reuters reported Brussels was likely to leave an opening for Elon Musk's Starlink and Amazon's low-earth-orbit satellite business Leo to acquire lucrative European mobile satellite spectrum next year as a result of a compromise that will reserve the bulk of frequencies for European firms. A separate decision on EU cloud tenders set for June 3 is expected to temper the influence of U.S. firms such as Amazon, Alphabet's Google and Microsoft, which dominate the global cloud market with a combined 63% share.
American Airlines Group Inc. (NASDAQ:AAL) is betting on Elon Musk-led SpaceX to power faster in-flight internet across hundreds of planes, marking another major win for Starlink as airlines race to modernize onboard connectivity. American Airlines Picks Starlink For More Than 500 Aircraft On Tuesday, American Airlines announced that it plans to equip more than 500 narrow-body aircraft with Starlink satellite internet, including its Airbus A321neo fleet, early next year. The move comes after the
As the most searched for stock on Zacks.com, Apple's (AAPL) remarkable rally has accelerated in recent weeks.
Amazon cited AI efficiency when it eliminated 16,000 corporate roles. Microsoft cited AI when it cut more than 15,000 positions. Across Big Tech, the explanation for layoffs has become almost predictable: we are doing more with less, and AI is why. Jensen Huang has a problem with that story. And he ...
The fulfillment provider is betting a unified tech stack and a new AI robotics lab can give independent brands a fighting chance against e-commerce giants.
Centrus gives investors rare exposure to the bottleneck behind nuclear fuel: uranium enrichment. The next hurdle is turning contracts, centrifuge manufacturing, and the Piketon expansion into production capacity.
Broadcom is attracting fresh attention after Duquesne initiated a new AVGO position, while the company’s AI semiconductor revenue continues to accelerate.
Marvell Technology (MRVL) is scheduled to report Q1 results after-market hours on Wednesday, May 27, and expectations are running high following several quarters of explosive AI-driven growth.
Amazon.com stock overview after recent price move Amazon.com (AMZN) stock edged down 0.8% in the latest session, a small move that still leaves investors weighing its recent run, including a 26.4% gain over the past 3 months. See our latest analysis for Amazon.com. While the latest session pullback is modest, it comes after solid momentum, with a 7 day share price return of 2.69% and a 90 day share price return of 26.43%, alongside a 1 year total shareholder return of 29.27%. This reflects...
The Magnificent Seven's first-quarter earnings are in the books, and the seven companies registered their best profit growth in nearly five years. All remain pillars of the S&P 500 index. Collectively, Mag 7 earnings jumped 63.2% year over year, according to a report from FactSet.
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