Amazon shares soar as it shatters Wall Street forecasts Tech Amazon’s shares jumped over six per cent in after-hours trading after the e-commerce giant breezed past third quarter expectations. The boost from investors would lift the Seattle-headquartered company’s market cap, which currently stands at $1.95t, beyond the $2t mark. It posted quarterly revenue of $158.9bn (£123.3bn), beating analyst predictions of $157.2bn (£121.9bn), and a year [...]
NFL: How data can help drive down concussion and injuries Sport The NFL has a long and complex relationship with brain injuries and concussions. In 2021 a $1bn settlement saw the American football league agree to end race-based adjustments in dementia testing relating to black retirees. Just over a decade ago the New Orleans Saints were caught up in “Bountygate” after awarding their players non-contract bonuses [...]
The Capitalist: Labour’s no-Party Conference; Rightmove’s drama Down Under; R.I.P. our dots Opinion Dispatches from Labour Party Conference, Rightmove's hopping executives, and more: catch up on the latest City gossip in The Capitalist.
Amazon Web Services plots £8bn investment in UK data centres September 11, 2024 Amazon Web Services (AWS) is planning to invest £8bn to build, maintain and operate a number of data centres in the UK over the next five years. The tech giant’s cloud division estimates the cash injection will contribute £14bn to the UK’s total gross domestic product (GDP) through to 2028, and will support an average [...]
Lloyds Bank hires Amazon Web Services exec for first new AI director role August 5, 2024 Like many other businesses, banks are looking to use AI to improve stagnant productivity growth and cut costs.
Amazon: AWS, Prime and AI set to drive first-quarter earnings April 28, 2024 Analysts said that Amazon has recently got its mojo back after losing momentum over the last few years.