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Amazon workers ‘appalled’ by top exec’s return to office remarks

More than 500 Amazon employees sent a letter to the CEO of its AWS division on Wednesday calling for a reversal of the full return-to-office policy, saying there is widespread support for the rule and that opponents should leave Amazon Web Services. rejected his claim. “We are appalled to hear your undata-based explanation for Amazon's […]

Amazon CEO Andy Jassy denies full in-office mandate is ‘backdoor layoff’

Amazon CEO Andy Jassy said during an all-hands meeting Tuesday that plans to require employees to come to work five days a week will not force layoffs or force layoffs, as many employees have suggested. He said it was not intended to satisfy city leaders. controversial plan Requiring employees to come to Amazon's offices every […]

Amazon brings gas benefit to Prime membership

Evercore ISI Senior Managing Director Mark Mahaney talks about “Varney & Co.'' stocks in Amazon, DoorDash, and Magnite. Amazon Prime members now have the benefit of saving money when they fill up their gas tank. E-commerce giant Amazon on Wednesday introduced a fuel savings benefit that gives Prime members 10 cents off every gallon of […]

Utilities luring Microsoft, Google and Amazon

Meb Farber, Founder and Chief Investment Officer of Cambria Investment Management, discusses how investors position their portfolios and provides new tax-aware tips on how to make money. Discuss ETFs. Hoham Utilities stock hasn't had a great year at all in recent months, but it's enjoying one of its best years in recent memory, up more […]

Amazon invests $500M in mini nuclear reactors to power AI operations

Amazon announced a $500 million investment in projects in Virginia and Washington to power its data centers. Amazon Web Services will develop a small modular nuclear reactor near the energy company's existing North Anna nuclear power plant through a deal with Virginia utility Dominion Energy. The small reactor will be built using technology from Maryland-based […]

Amazon AWS CEO: Quit if you don’t want to return to office

An Amazon executive on Thursday defended the company's controversial five-day work week policy, saying those who don't support it can move to another company. At an AWS all-hands meeting, AWS division CEO Matt Garman said nine out of 10 employees he's spoken to support the new policy, which goes into effect in January, according to […]

Amazon to invest in 3 nuclear plants to power AI programs

Amazon is the latest tech giant to deploy nuclear energy as it races to power its power-hungry artificial intelligence programs. Amazon Web Services, the cloud computing arm of the Seattle-based e-tailer, said Wednesday it will invest more than $500 million in three projects in Washington state, Virginia and Pennsylvania. The Virginia-Washington agreement requires AWS to […]

Brian Williams to host Election Night special on Amazon

Brian Williams is returning to the news industry. Amazon announced Thursday that the former NBC news anchor and MSNBC host will lead its planned election night coverage on the company's Prime streaming service. “Guests, including prominent contributors from news and traditional media representing a variety of backgrounds and viewpoints, will join us live to share […]

Amazon signs nuclear power deals, following Google, Microsoft

Dharmesh Mehta, vice president of Amazon Worldwide Selling Partner Services, explains how Amazon is leveraging generative AI to empower sellers on its platform. Amazon announced Wednesday that it has signed three agreements to develop nuclear power projects, the e-commerce giant's latest nuclear pact announced in recent weeks as demand for energy to power artificial intelligence […]