Andy Jassy

President Donald Trump fired back at Democrats on Wednesday over their inflation messaging, declaring on Truth Social that he “brought down costs more than any President in recorded history” and calling Democratic claims “a total LIE.” What Happened: “I brought down...

As AI assistants reshape how consumers search, shop and interact online, they stand to fundamentally disrupt Amazon’s lucrative retail media business, according to venture capitalist Joe Marchese. Check out the current price of AMZN stock here. What Happened: Speaking on the Risk...

Jim Cramer is optimistic about Amazon.com Inc. (NASDAQ:AMZN), despite the ongoing tariff pressures. His prediction comes after a conversation with Amazon’s CEO, Andy Jassy. What Happened: On Tuesday, Cramer posted on X to share his views after speaking with Jassy. He believes that the e-...

Fundstrat Global Advisors Head of Research Tom Lee highlighted Amazon Inc. (NASDAQ:AMZN) as a critical early indicator for U.S. inflation trends, calling the retail giant’s stable pricing amid tariff pressures a “meaningful” signal for market conditions. What Happened: Lee posted...

Amazon.com Inc.’s (NASDAQ:AMZN) grocery chief, Jason Buechel, blasted the division's internal bureaucracy as "ridiculous" during a staff meeting last week, saying layers of approvals are stalling efforts to meld Whole Foods, Amazon Fresh and Amazon Go into one operation. What Happened:...

Salesforce, Inc. (NYSE:CRM) CEO Marc Benioff said on Thursday that artificial intelligence is now responsible for handling between 30% and 50% of the company's workload. The Details: Salesforce is rapidly increasing its use of AI to automate tasks and streamline operations, Benioff told CNBC in an...

Amazon.com Inc. (NASDAQ:AMZN) CEO Andy Jassy‘s recent announcement that artificial intelligence will shrink the company’s corporate workforce has prompted a stark warning from former Amazon Vice President Ethan Evans, who says employees must adapt or face elimination. Check out the...

Microsoft Corp. (NASDAQ:MSFT) is reportedly preparing for another round of layoffs with the majority of job cuts expected to impact its sales division.  The Details: The upcoming round of layoffs is part of a broader restructuring as the company ramps up its investment in artificial intelligence....

Amazon.com Inc. (NASDAQ:AMZN) CEO Andy Jassy announced Tuesday that artificial intelligence will reduce the company’s corporate workforce due to efficiency gains, prompting immediate criticism from employees across internal communication channels. What Happened: Jassy told employees that AI...

Amazon Inc. (NASDAQ:AMZN) CEO Andy Jassy reported on Wednesday that the company has not experienced any significant changes in consumer spending due to President Donald Trump‘s tariffs. What Happened: During Amazon’s annual shareholder meeting, Jassy said, “We have not...

On Thursday, Amazon.com, Inc. (NASDAQ:AMZN) CEO Andy Jassy predicted a potential shift in consumer behavior reminiscent of the pandemic era while asserting that the e-commerce giant is doubling down on affordability. What Happened: During Amazon's first-quarter earnings call, Jassy addressed...

Wall Street experienced a positive momentum as the S&P 500 marked its eighth consecutive day of gains on Thursday, climbing 0.6% to 5,604.14. This rally helped the index recover from losses incurred due to trade tariffs announced by President Donald Trump. The Nasdaq also saw a significant rise...

Amazon.com Inc (NASDAQ:AMZN) reported first-quarter financial results after market close Thursday. Here are the key highlights. What Happened: Amazon.com reported first-quarter net sales of $155.7 billion, up 9% year-over-year. The net sales beat a Street consensus estimate of $155.04 billion...

Amazon.com Inc. (NASDAQ:AMZN) CEO Andy Jassy once thought it “unfathomable” that his father worked at the same company for 45 years. In his 2024 annual letter to shareholders, Jassy admitted he once told friends, “That would never be me.” What Happened: Yet almost 28 years...

Bank of America Securities (BofA) has reaffirmed its Buy rating on Amazon.com Inc. (NASDAQ:AMZN) stock, maintaining a steady price target of $225.00. What Happened: BofA Securities has maintained its Buy rating on Amazon, even as the e-commerce giant continues to trade at an...