AMZN News

Panasonic expects $895 million in restructuring charges in 2026 and plans to downsize by 10,000 employees. Operating profit increased by 18%.

JP Morgan analyst reiterates Overweight rating on Marvell, citing successful AI chip programs and expanding wins in various industries.

Cisco announced new quantum chip with UC Santa Barbara, opened quantum lab, and implemented PQC NIST standards. Other tech giants also making progress.

Seagate Technology aims to launch a 100-terabyte hard drive by 2030 to meet strong demand and counter climate concerns. Stock up 9% YTD, but down 0.34% premarket.

2025: US govt silently leads in layoffs with 171,843 cuts vs tech's 52,340. Layoffs may impact productivity, regulations and labor relations.

Amazon's Zoox recalls 270 vehicles due to software issue causing crash. AV sector sees growth with Waymo, Tesla and Uber.

Amazon's self-driving subsidiary Zoox is scaling up its presence in California as the autonomous vehicle race accelerates, potentially strengthening its position against domestic and international competitors.

Bill Gates stated that while Trump's climate policy rollbacks may have slowed progress, the U.S. remains committed to clean energy and climate action.

Mark Zuckerberg has surpassed Jeff Bezos to become the world's second-richest person, with a net worth of $212 billion, following a surge in Meta's stock price.

Jeff Bezos explained that turning ideas into successful billion-dollar businesses like Amazon requires a unique blend of "stubborn relentlessness" and "flexibility," emphasizing the hard work and adaptability needed to bring ideas to life.

Hims & Hers Health Inc. (NYSE:HIMS) partners with Novo Nordisk to offer affordable weight-loss drug, positioning itself to expand into other healthcare areas.

Trump claims he might personally phone CEOs for business moves he dislikes, using this tactic on Amazon's Bezos over tariff disclosures.

Netflix stock traded lower as Trump proposed 100% tariff on foreign films, economist criticizes move, citing potential subscriber losses for companies like Netflix.

Chinese bargain retailer Temu has abruptly stopped shipping products directly from China to U.S. consumers as it confronts President Donald Trump's new 145% tariffs and the end of a key import loophole that took effect Friday.

On Friday, President Donald Trump said he would consider pushing back the June 19 deadline for ByteDance to sell TikTok's U.S. operations if a deal is not finalized in time. This marks the third time he's granted a reprieve to the short video app used by over 170 million Americans.

Bezos plans to sell 25M shares of Amazon stock by 2026, reducing his ownership to under 9%. Similar to Gates, who sold most of his Microsoft shares.

Amazon announced its first-quarter results on Thursday, beating analyst estimates on the top and bottom lines. Analysts' reactions are pouring in.