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Shares of the social media giant plunged to its second lowest level in a year after chief executive Mark Zuckerberg said Meta was working on its own AI agent, or an AI chatbot tha
Amazon has confirmed that it will return some of the money it receives as part of the $600 million tariff refund to consumers.
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US stocks swing as Amazon leaps, Apple sinks and rising oil prices add to worries about inflation
The U.S. stock market is swinging between gains and losses on Friday, as Wall Street's wildJuly remains rocky. Amazon is leaping, but Apple is sinking, and rising oil prices are adding to worries about inflation already squeezing the bond market.
FTC rules require products advertised as "made in USA" to be "all or virtually all" made in the United States. The FTC last year urged Walmart and Amazon to crack down on third-party sellers' "made in USA" claims, citing company policies requiring sellers to provide accurate information.
The company raised its capital spending forecast and said Amazon Web Services sales increased 37% in the second quarter.
Amazon said it received a major boost from its previous $13 billion worth of investment in Anthropic.
Slate Stone Wealth chief market strategist Kenny Polcari joins Ashley Webster to break down the latest tech giant earnings. Polcari analyzes Apple's stock decline after its pre-market outlook disappointed investors despite record quarterly revenue,
Amazon reported $200.6 billion in second-quarter revenue, up 20%, with AWS growing 37%, its fastest pace since the end of 2021.
Along with Zoox, others, such as Tesla and Alphabet’s Waymo, are racing to expand autonomous ride-hailing services in the U.S.
Amazon.com Inc. says it received about $600 million in tariff refunds during the second quarter and pledged to automatically issue reimbursements to consumers under a “limited set of circumstances.”
AWS sales expanded 37% year over year, which trounced analysts' expectations for 31% growth.