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Major Companies Announce Layoffs Amid AI and Economic Pressures

Major Companies Announce Layoffs Amid AI and Economic Pressures

Major Companies Announce Layoffs Amid AI and Economic Pressures

Tesla rival trims spending plans despite revenue beat

Tesla rival trims spending plans despite revenue beat

Valued at a market cap of $22 billion, electric vehicle manufacturer Rivian has underperformed the broader markets in recent years. Down 80% from all-time highs, the EV maker beat Wall Street revenue consensus estimates in Q2 and surprised investors with a lower capital spending forecast. For ...

Amazon Expands Ultra-Fast Delivery Service to 80 U.S. Cities, Enhancing Customer Convenience

Amazon Expands Ultra-Fast Delivery Service to 80 U.S. Cities, Enhancing Customer Convenience

Amazon Expands Ultra-Fast Delivery Service to 80 U.S. Cities, Enhancing Customer Convenience

Amazon Expands Same-Day Perishables Delivery to 2,300 U.S. Cities, Boosting Customer Engagement

Amazon Expands Same-Day Perishables Delivery to 2,300 U.S. Cities, Boosting Customer Engagement

Amazon Expands Same-Day Perishables Delivery to 2,300 U.S. Cities, Boosting Customer Engagement

Rivian Spinoff Also Begins E-Bike Deliveries Amid Supply Chain Delays

Rivian Spinoff Also Begins E-Bike Deliveries Amid Supply Chain Delays

Rivian Spinoff Also Begins E-Bike Deliveries Amid Supply Chain Delays

Amazon to Share $600 Million Tariff Refunds with Customers

Amazon to Share $600 Million Tariff Refunds with Customers

Amazon to Share $600 Million Tariff Refunds with Customers

FCLGO Introduces Compliance Framework to Navigate U.S. Customs and Tariff Challenges

FCLGO Introduces Compliance Framework to Navigate U.S. Customs and Tariff Challenges

FCLGO Introduces Compliance Framework to Navigate U.S. Customs and Tariff Challenges

Stocks boosted by tech earnings; bond yields hit multi-year highs

Stocks boosted by tech earnings; bond yields hit multi-year highs

By Karen Brettell July 31 (Reuters) - U.S. stocks rose on Friday as strong earnings from Amazon and Microsoft drew investors back into the AI trade, while longer-dated Treasury yields hit new multi-year highs on fears that rising oil prices could fuel inflation.

Wall Street ends higher as Amazon soothes AI jitters

Wall Street ends higher as Amazon soothes AI jitters

By Noel Randewich and Johann M Cherian July 31 (Reuters) - Wall Street ended higher on Friday, lifted by Amazon as the tech heavyweight's strong quarterly report bolstered investor confidence in AI-related stocks, while Apple dropped after its results disappointed investors.

Amazon Faces Cost Pressures Amid Record Revenue and AWS Growth

Amazon Faces Cost Pressures Amid Record Revenue and AWS Growth

Amazon Faces Cost Pressures Amid Record Revenue and AWS Growth

Wall Street climbs as Amazon soothes AI jitters

Wall Street climbs as Amazon soothes AI jitters

By Noel Randewich and Johann M Cherian July 31 (Reuters) - Wall Street climbed on Friday, lifted by Amazon as the tech heavyweight's strong quarterly report bolstered investor confidence in AI-related stocks, while Apple dropped after its results disappointed investors.

U.S. Stock Market Rises as Big Tech AI Investments Continue Amid Volatile July

U.S. Stock Market Rises as Big Tech AI Investments Continue Amid Volatile July

U.S. Stock Market Rises as Big Tech AI Investments Continue Amid Volatile July