Cloud companies like Oracle, Amazon and Microsoft would lose millions to a TikTok ban
The tech giants all have large cloud contracts with TikTok — and they’ll have to end service on them by January 19 unless a court intervenes.
Amazon
Amazon wants workers back in the office five days a week. Few large tech firms expect the same
Amazon CEO Andy Jassey announced Monday that starting early next year, employees will generally be expected to be back in the office five days a week.
The 10 richest people in the world lose $66 billion in a day
The billionaires behind Tesla, Alphabet, Meta, LVMH and more saw their fortunes plunge in the billions on Wednesday following a rash of earnings reports that disappointed investors.
Amazon claims it achieved 100% renewable energy target in 2023—here’s what it means
Amazon claims that all electricity it consumed in 2023 was “matched” with 100% renewable energy. Experts criticise the report’s vagueness.
Luxury department store Saks to buy Neiman Marcus with help from Amazon in $4 billion deal
Embattled retailer Neiman Marcus has been saved by the parent company of luxury rival Saks Fifth Avenue, with a surprise investment from Amazon.
Amazon is a $2 trillion company for first time ever
Amazon is a $2 trillion company for first time ever
Jeff Bezos overtakes Elon Musk as world’s second richest person
After jostling for the position of second-wealthiest person in the world more than a dozen times in March, Musk and Bezos are competing closely once again.
Microsoft, Amazon, Nvidia and Alphabet lead tech stock surge to two-month high
Tech stocks on Wall Street defied sticky inflation Friday to post their biggest gain in more than two months—easing market anxiety about a slowdown in economic activities—after blockbuster first-quarter earnings and continued betting on artificial intelligence fired up the valuations of major companies.
Amazon stock hits all-time high—Bezos’ net worth climbs $3.3 billion
Amazon hit a new record share price Thursday for the first time since July 2021, completing its dramatic recovery from its 2022 doldrums as investors seemingly can’t get enough of big technology stocks.
Elon Musk falls further down rich list after Tesla tanks to 10-month low
Musk’s net worth is down almost $60 billion in 2024 alone, according to Forbes’ estimates, as Tesla stock tanked and a judge swatted down Musk’s record compensation package.