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Amazon invests $20 billion in UK in 2025
Reuters126d agoneutral
Amazon invests $20 billion in UK in 2025

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.

Bloomberg126d agoneutral
ByteDance Weighs Capex of as Much as $70 Billion in AI Push

(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

Mastercard Deepens JD.com And Amazon Ties To Shape Future Payment Flows
Simply Wall St.127d agoneutral
Mastercard Deepens JD.com And Amazon Ties To Shape Future Payment Flows

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...

Analysis-Europe's push to break Big Tech's grip tempered by internal debate
Reuters127d agoneutral
Analysis-Europe's push to break Big Tech's grip tempered by internal debate

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 Says 'Scrolling' Just Got Upgraded As It Chooses Elon Musk's SpaceX As Inflight Wi-Fi Partner On 500 Planes — AAL Stock Spikes
Benzinga127d agobullish
American Airlines Says 'Scrolling' Just Got Upgraded As It Chooses Elon Musk's SpaceX As Inflight Wi-Fi Partner On 500 Planes — AAL Stock Spikes

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

Nvidia CEO has blunt message on AI layoffs in 2026
TheStreet127d agobearish
Nvidia CEO has blunt message on AI layoffs in 2026

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 ...

Assessing Amazon.com (AMZN) Valuation After Recent Share Price Pullback And Strong Multi-Period Gains
Simply Wall St.127d agoneutral
Assessing Amazon.com (AMZN) Valuation After Recent Share Price Pullback And Strong Multi-Period Gains

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...

Micron's valuation hits $1T, nearly tied with Eli Lilly & Berkshire
Yahoo Finance Video127d agoneutralVIDEO
Micron's valuation hits $1T, nearly tied with Eli Lilly & Berkshire

Micron (MU) is having its best trading day since 2011, on track to close at a valuation of $1 trillion, which would make its market cap nearly tied with those of Eli Lilly (LLY) and Berkshire Hathaway (BRK-B, BRK-A). Yahoo Finance Markets and Data Editor Jared Blikre takes a closer look at Micron's market action in the video above.

Cloudflare CEO disagrees with Bezos on Al and US jobs
TheStreet127d agoneutral
Cloudflare CEO disagrees with Bezos on Al and US jobs

There is a particular comfort in the idea that the boss and the billionaire agree on the future. It saves you the trouble of picking a side. It saves you the harder trouble of figuring out which one is selling you something. For the past week, American workers got the optimistic version of that ...