Amazon stock fell 7.30% after hours on Thursday to $225.99, from its $243.79 close. The drop left it below $230, the lowest of 42 analyst price targets tracked by TipRanks.
The sell-off came after a third-quarter miss on earnings and revenue. Free...
The Amazon Web Services (AWS) backlog reached $578 billion and is growing at triple-digit rates. AWS sales, however, grew 39.3% to $46 billion.
Amazon missed earnings estimates, and shares fell more than 7% in after-hours trading. Trailing free cash...
Andy Sieg, who heads Citi’s wealth management unit, said the bank still recommends private credit to clients. Withdrawal requests at non-traded private credit funds are running well above their typical 5% quarterly caps.
Those funds, known as...
China’s AI stock rally has collapsed, wiping out about $480 billion as the STAR50 index of AI and chip companies fell 40% from its July high.
US AI stocks have taken a far smaller hit so far. The Nasdaq is about 6% below the record it set three...
Big tech earnings arrive this week, with Microsoft, Alphabet, and Amazon all releasing quarterly reports.
In their latest quarters, Google Cloud grew 82%, Azure 42%, and Amazon Web Services (AWS) 37%, while all three spent heavily on AI...
Job postings that mention agent orchestration jumped 1,721% this year, according to hiring data firm Draup. Banks including JPMorgan Chase, Citigroup and Capital One listed 139,819 AI-related roles, a 49% rise from 2025.
The hiring push runs against...
A panel found that Manchester City broke Premier League rules for nine seasons. Now Abu Dhabi has warned Britain that a harsh punishment could cost it future investment, Bloomberg reported on Friday.
Manchester City’s chairman, Khaldoon Al Mubarak,...
The White House has asked OpenAI and Anthropic to withhold new AI models from the UK’s AI Security Institute (AISI). It wants US review first, according to a person familiar with the matter and a senior administration official.
The request came from...
There’s a big problem with Bitcoin transactions from a business perspective that no one often talks about. Let’s say a business pays a supplier in BTC from a reused wallet address. They can actually look beyond the invoice.
Right now, while you’re...
Bitcoin (BTC) is up roughly 24% in August, its largest monthly advance of 2026. This month’s rally lifted the asset from the $60,000s to briefly over $80,000.
However, three warning signs now emerge: exchange balances, exchange-traded fund (ETF)...
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