Amazon News Updates

The cloud-computing and e-commerce giant has a market value of $2.9 trillion after adding $432 billion this year.

Along with passenger flights, Sun Country brings into the fold cargo flying for Amazon, as well as charter trips.

The new tool — called Alexa for Shopping — supplants Rufus, the shopping assistant bot that summarized product reviews and suggested purchases.

Amazon Now, first launched in India last June, is now available in urban areas of Brazil, Mexico, Japan, the United Arab Emirates, the U.K. and the U.S.

Amazon's launch of a new supply chain service raised competition concerns for transportation providers, but experts caution the impact will be limited.

The service gives businesses access to logistics capabilities Amazon developed to support its own retail operations and independent sellers.

Amazon on April 29 reported a strong increase in profit and net sales during the first quarter, helped by surging growth in its prominent cloud computing unit.

For the first three years of the AI boom, Amazon watched as cloud customers seeking the latest and greatest from OpenAI took their business to Microsoft.

Amazon will invest $5 billion immediately as part of the new agreement announced this week by the companies, and up to another $20 billion in the future.

Asked on CNBC about companies filing for tariff refunds, Trump said, “It’s brilliant if they don’t do that. If they don’t do that, I’ll remember them.”