Amazon gets more fuel for AI race
Capital spending under CEO Andy Jassy will go up “meaningfully,” but record operating margins driven by retail, cloud and advertising will ease the pain.
Source: livemint.com
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MacKenzie Scott is worth $36 billion and has 'revolutionized philanthropy' since divorcing Amazon founder Jeff Bezos
MacKenzie Scott has donated billions to charity post-divorce. Her philanthropy and $38 billion settlement from Amazon founder Jeff Bezos are legend.
Source: yahoo.com
Dow Jones Industrial Average adds Amazon, axes Walgreens
Amazon will replace Walgreens Boots Alliance in the Dow Jones Industrial Average. The change will go into effect before trading starts Monday, S&P Dow Jones Indices announced Tuesday after markets closed. Walgreens has been part of the Dow Jones Industrial Average since 2018 when it replaced General Electric. “Reflecting the evolving nature of the American…
Source: yahoo.com
Amazon's Jeff Bezos outfoxes Washington — the billionaire is saving nearly $600 million in taxes by moving from Seattle to Miami. Here's 3 ways you can sidestep the taxman
Ditching the Emerald City turned out to be a very lucrative decision for the businessman.
Source: yahoo.com
Moving markets today: What's shaping the FTSE 100 this morning
The S&P 500 hit a record high despite big tech losses, while the Nikkei reached new heights and oil remained stable. Investors awaited the release of UK retail sales and US PPI data.
Source: cityam.com