Catenaa, Friday, December 20, 2024 –The Teamsters union staged a large-scale protest Thursday, targeting Amazon as it ramps up holiday deliveries. Amazon delivery drivers at seven US facilities walked off the job after the company declined to negotiate a labor contract. The Teamsters described the action as the “largest strike” in US history against Amazon, […]
Catenaa, Saturday, February 08, 2025 – One of the magnificent seven companies Amazon, posted strong fourth-quarter earnings, with revenue rising 10% to $187.8 billion and profits hitting $20 billion, surpassing Wall Street expectations. However, its stock slipped in after-hours trading after the company projected lower-than-expected revenue for the current quarter. The e-commerce giant forecasted first-quarter […]
Catenaa, Monday, December 09, 2024-Amazon shareholders are urging the company to invest 5% of its assets in Bitcoin, highlighting the cryptocurrency’s superior returns compared to corporate bonds and its potential as a hedge against inflation. The proposal, spearheaded by the National Center for Public Policy Research (NCPPR), criticizes the Consumer Price Index (CPI) as an […]
Catenaa, Tuesday, April 01, 2025- Top 10 global corporations saw a 13.2% decrease in their market value to $18.64 trillion in the first quarter of 2025, LSEG data said on Tuesday, making the biggest drop in market values since June 2022. The prolonged surge in tech stocks, which had been a key driver of equity […]
Catenaa, Tuesday, March 04, 2025– US stocks fell in the early hours on Tuesday, after President Donald Trump’s promised tariffs tool effect. The Dow Jones Industrial Average dropped by over 765 points, or 1.77% after 2 hours into the market opening, while the S&P 500 fell 1.75%. The tech-heavy Nasdaq inched down 1.57 The policy taxes […]
Catenna, Monday, March 17, 2025—After DeepSeek’s success, the biggest tech firms in the US will increase their combined annual spending on artificial intelligence to more than $500 billion by early next decade, Bloomberg Intelligence reported on Monday. Bloomberg Intelligence said companies, including Microsoft, Amazon, and Meta Platforms are projected to spend $371 billion on data centers […]