Information Andy Jassy shared with the Trump administration sparked an abrupt, sweeping move to halt foreign access to the company’s powerful AI tools.
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When Rite Aid, a major pharmacy retailer, filed for Chapter 11 bankruptcy a second time in 2025, it led to the shuttering of its 1,250 locations. Over time, many were sold to competitors like CVS and Walgreens, and some spaces were taken up by retailers such as Kroger and Albertsons. But some ...
(Bloomberg) -- The US Justice Department has closed its antitrust probe into Paramount Skydance Corp.’s $110 billion purchase of Warner Bros. Discovery Inc., according to people familiar with the decision.Most Read from BloombergSpaceX IPO Raises $75 Billion in Biggest Debut of All TimeUS, Iran Edge Toward Interim Deal Signing Close to G7 Next WeekXbox Plans Significant Layoffs as New CEO Plans OverhaulSpaceX Shares Close 19% Higher After Historic $75 Billion IPOTrump Insists Iran Deal Is Close
Managers believe the weekend is the perfect time to solicit feedback. A new study explains why it isn’t.
The company’s CEO Daniel Heaf says he wants to improve products, hire more influencers, update stores and revamp digital sales.
CEO Wendell Weeks remembers the dot-com crash and other hard times, and those lessons have taught him to hedge even the most optimistic data-center bets.
Management has gone quiet on the geopolitical cost pressures that once dominated its calls, but the new, unquantified component headwind they're flagging instead could pose a more direct threat to record profits.
Laffer Tengler Investments CEO & CIO Nancy Tengler joins Yahoo Finance Executive Editor Brian Sozzi on Opening Bid to discuss the broader implications of the SpaceX (SPCX) IPO, from its impact on investors to what the company's public debut could mean for innovation, markets, and society.
JPMorgan data show hedge funds cut positions in the biggest U.S. tech names, with some adding bearish bets, just before SpaceX began trading Friday
Hedge funds sold out of the biggest U.S. tech stocks, and some even added bearish positions, according to data from a JPMorgan note late Thursday, just before SpaceX was set to go public on Friday. Shares in the "Magnificent Seven" -- a group that includes some of the biggest tech names on Wall Street, namely Nvidia, Apple, Amazon.com, Alphabet, Meta, Tesla, and Microsoft, have all declined since last Friday. The Roundhill Magnificent Seven ETF, which tracks these stocks closely, declined over 2.4% since June 5, with some analysts saying investors were clearing their decks in order to prepare for the debut of Elon Musk's Space X on Friday.
As states like Ohio move to increase their regulation of data centers and reduce their subsidies for the businesses behind them, the costs of building and operating them could increase significantly.
Amazon (AMZN) has spent years establishing one of the most formidable cloud businesses in the world, but the artificial intelligence explosion is requiring every big cloud provider to face a tougher question. No longer is it enough to rent out computational power. Customers are now looking for ...
(Bloomberg) -- Prometheus, an artificial intelligence startup led by Jeff Bezos, has raised a round of funding that values it at $41 billion, bolstering the Amazon.com Inc. founder’s status as a significant player in the AI boom.Most Read from BloombergXbox Plans Significant Layoffs as New CEO Plans OverhaulTrump Vows New Attacks on Iran, Threatens Key Energy TargetsHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’US Strikes Iran in Trump Escalation Over Stalled Peace TalksSpaceX IPO
All three major US stock indexes were up in late-morning trading Thursday, as chip stocks rebounded
(Bloomberg) -- Cloud-computing giants powering the artificial intelligence boom are tapping global debt markets to fund hundreds of billions of dollars needed for data centers, chips and other infrastructure. Junk-rated CoreWeave Inc. is now following their lead.Most Read from BloombergXbox Plans Significant Layoffs as New CEO Plans OverhaulHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’Trump Vows New Attacks on Iran, Threatens Key Energy TargetsUS Strikes Iran in Trump Escalation
Theker, a Barcelona-based AI robotics company, has raised $85 million in a fundraising round, it said on Thursday, highlighting ongoing growth in the Spanish tech sector. Theker says it develops robots which use AI to perform various tasks in industrial environments. The fundraising round was led by venture capital firm CRV, while other companies involved included Samsung and luxury goods company LVMH.
Caterpillar announced an 8% dividend hike after Wednesday's close, extending its streak of dividend increases to 32 years. CAT stock led Dow Jones Industrial Average winners early Thursday, rebounding from a key support level after suffering its sharpest loss since April 3, 2025, the day after President Donald Trump unveiled "Liberation Day" tariffs. Caterpillar is among 69 members of the S&P 500 that have increased dividends every year for the last 25 years.
(Bloomberg) -- Amazon.com Inc. said its data centers used 2.5 billion gallons of water worldwide last year, or about 5% of the amount metro Seattle consumes annually.Most Read from BloombergXbox Plans Significant Layoffs as New CEO Plans OverhaulHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’US Strikes Iran in Trump Escalation Over Stalled Peace TalksOracle Falls Most in Six Months on Mounting Data Center CostsTech Stocks Sink as Oil Jumps on US-Iran Jitters: Markets WrapThe world’
(Bloomberg) -- When Applied Digital Corp. first tapped the junk-bond market in November to fund a data center project tied to CoreWeave Inc., it had to stomach a hefty yield to get the deal done. Fast forward to this week, and borrowing costs for another portion of the same project tumbled.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’Xbox Plans Significant Layoffs as New CEO Plans OverhaulUS Strikes Iran in Trump Escalation Over Stalled Peace TalksTech Sto
Germany’s Neura Robotics said it secured up to $1.4 billion in funding to build a physical artificial intelligence platform, backed by Amazon Nvidia and the European Investment Bank. The robotics company on Wednesday said the funding aims to scale production to several million robots by 2030 as demand for physical AI expands across manufacturing, logistics, healthcare and consumer applications. The company, which reports an order backlog exceeding $1 billion, said it received backing from technology and financial players, including Tether, Amazon, Nvidia, Qualcomm Technologies Bosch, Schaeffler and the European Investment Bank.
South Korea has slapped a record fine on Coupang, the country’s largest online retailer, over a data breach that hit most of its population,...
Oracle on Wednesday forecast capital spending plans for fiscal 2027 above Wall Street estimates, as the cloud computing company said it will also raise more debt in 2027, reflecting the staggering scale of cash burn needed to build out its AI infrastructure. Its shares fell 8.9% in extended trading, after Oracle said it expects to raise nearly $40 billion through a combination of debt and equity financing in 2027. Oracle, which has major deals to build data centers for customers such as Meta Platforms and OpenAI, is working to position itself as a major rival to cloud leaders such as Amazon.com and Microsoft.
All three major US stock indexes were down in late-morning trading, as investors weighed the latest
Amazon.com muscled into the less-than-truckload (LTL) freight business on Wednesday, driving S&P 500 members FedEx Freight and Old Dominion Freight Lines into a pothole. However, the freight stocks bounced back off early lows as investors saw a relatively modest near-term threat.
Old Dominion, Saia, and XPO each fell 5% or more after Amazon opened its less-than-truckload service to all U.S. businesses
Investing.com -- Shares of several trucking companies fell sharply on Tuesday after Amazon announced the U.S. expansion of its less-than-truckload freight service to any destination and any business size, rattling investors in the transportation and logistics sector.
(Bloomberg) -- Shares of several large trucking companies plunged on Wednesday after Amazon.com Inc. announced an expansion of its shipping service that has already shaken the transportation and logistics sector and unsettled investors.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’US Launches Strikes Against Iran After Helicopter Shot DownUS Strikes Iran After Helicopter Downed, Testing Peace TalksStocks Pare Tech-Led Drop as Rotation Gains Speed: Markets W
Amazon Broadens Freight Offering Across the United StatesShares of Saia (NASDAQ:SAIA), Old Dominion Freight Line (NASDAQ:ODFL) and FedEx Freight (NYSE:FDXF) came under pressure in premarket trading after Amazon (NASDAQ:AMZN) unveiled a significant expansion of its less-than-truckload (LTL) freight business. Saia and Old Dominion shares fell approximately 7%, while FedEx Freight declined around 6%, as investors assessed the competitive implications of Amazon’s move deeper into the freight transpo
Morgan Stanley forecasts AI-related global debt issuance to more than double to nearly $570 billion in 2026, pointing to rising bond supply and credit market activity as hyperscalers turn to alternative funding sources to meet massive AI-driven capex needs. Here are some details: • Tech companies that have long relied on strong cash flows are increasingly turning to debt financing as investment needs surge • Morgan Stanley estimates AI-related global debt issuance stood at nearly $236 billion as of May 31, 2026, fourfold more than the same period last year • Hyperscalers Alphabet, Amazon, Microsoft and Meta are expected to spend $700 billion in outlays this year • Morgan Stanley ex...