17 articles
Amazon signed a 20-year deal to buy 690MW from Constellation Energy, funding $3B in upgrades at Maryland's Calvert Cliffs nuclear plant to meet AI data center power demands.
A Reuters investigation found over 20 banned mercury-containing skin bleaching products available on major e-commerce platforms like Amazon and Temu, highlighting ongoing regulatory challenges despite
Amazon stated it is reviewing findings after Indian inspectors seized mislabeled expired food and unlicensed medicines from its warehouses, part of a broader national crackdown on major brands.
Consumers filed a class-action lawsuit against Amazon alleging greenwashing of seafood sustainability labels. The suit targets major brands like Bumble Bee and Thai Union, seeking damages for misleadi
UPS lifted annual revenue and profit forecasts above Wall Street estimates after reducing Amazon delivery volumes, targeting $3 billion in cost savings by 2026 despite investor skepticism.
US Treasury yields rose ahead of a major auction as oil prices climbed on Middle East supply concerns. Amazon announced a $25 billion corporate bond offering, adding pressure to the bond market.
Amazon increased its Amazon Now fresh food range by 15% in Brazil due to strong consumer demand, leveraging logistics partnerships with Rappi while competing with local rivals.
Amazon Prime Day shifts focus to essentials like groceries and household items amid inflation, projecting $21.6 billion in sales despite consumer spending strain.
US markets closed mixed as crude oil prices slid following an Iran peace deal, while gold and silver miners advanced. Major corporate shifts included SpaceX overtaking Amazon in market cap amidst Fede
Amazon and Corning signed a multi-billion-dollar partnership to expand U.S. fiber optics manufacturing capacity tenfold for AI data centers. The deal will create 1,000 jobs and includes technician tra
Walmart reported strong fiscal year growth driven by scale, technology, and loyalty programs amidst tariff challenges. The retailer maintained low prices and expanded its e-commerce business, outperfo
Amazon launched 'Amazon Supply Chain Services,' enabling businesses to utilize its logistics network for transporting raw materials and final products. The initiative expands access to its supply-chai
Fermi Inc. fired its top executive after failing to secure clients for its planned 17-gigawatt nuclear and natural gas-powered data center campus, causing its stock to tumble 84% following a broken de
X-Energy raised $1.02 billion in an upsized IPO to develop small modular nuclear reactors using advanced uranium fuel. The company plans to power industrial facilities and AI data centers through part
Over 60 corporations, including Apple and Amazon, opposed new GHG Protocol rules requiring hourly renewable energy matching, citing feasibility concerns and potential negative impacts on clean energy
U.S. utility NiSource signed a long-term energy deal with Alphabet for a data center and expanded its Amazon agreement, leveraging a GenCo model to provide $1.25 billion in customer savings while meet
AWS launched Amazon Bio Discovery, an AI tool accelerating drug discovery by generating thousands of molecular candidates rapidly. Major pharma firms including Bayer and Merck are adopting the platfor
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