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The Latest Breaking News from Andy Jassy

Andy Jassy's return-to-office mandate shows how serious the Amazon culture mid-life crisis has gotten

The Amazon CEO's announcement on Monday, ordering the end to pandemic-era hybrid work and flattening management, is a very public and calculated kick in the pants to the 30-year-old organization.

Fortune

Amazon mandates five days a week in office starting next year

Andy Jassy, the CEO, said in note to employees that new requirement will ‘strengthen our culture’

The Guardian - US

Amazon’s delivery drones are too loud for the residents where it's testing the program

Amazon’s drone delivery program, known as Prime Air, has irked residents of College Station, Texas, where the initiative is being tested.

Fortune

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Amazon eliminates a crucial fee for sellers as the busy holiday shopping season approaches

The elimination of inventory "overage" fees could provide some relief for sellers battling a slate of new fees this year.

Fortune

Jeff Bezos’ famed leadership rules are being tested inside Amazon

The source of the change can be traced in part to the pandemic.

Fortune

Shoppers hate retailers’ anti-theft measures—and Amazon is reaping the rewards

Consumers say they would rather shop online than deal with locked-up shelves in stores.

Fortune

Amazon Stock 2025 Forecast: Why It Makes Sense to Buy the Dip in AMZN

Amazon stock is falling today after missing Q2 revenue estimates. However, the company's long-term outlook is still bullish, and it might make sense to buy the dip in AMZN stock.

Barchart

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Nvidia: Tech stocks take a pounding as hedge fund Elliott warns AI is in ‘bubble land’

Intel suffers its single biggest one-day drop in decades, as sentiment sours amid overextended valuations and a darkening economic outlook.

Fortune

AWS revenue growth soars once again as Amazon CEO calls for more AI

Amazon CEO Andy Jassy looks to up AWS capacity for AI even further.

TechRadar

AI And Cloud In Spotlight As Big Tech Earnings Roll Out

US tech giants saw their shares fluctuate this week as investors tried to gauge whether artificial intelligence will fill coffers or drain them. Apple and Amazon on Thursday were the latest titans to see quarterly earnings scrutinized over how their core businesses are doing and whether cloud and AI strategies…

International Business Times

Amazon CFO blames weak sales forecast on shoppers distracted by Trump assassination attempt and Olympics

Rather than seeking comfort in clicking the "buy" button, shoppers are apparently reacting to the roller-coaster news cycle by spending less.

Fortune

Jeff Bezos' famed management rules are slowly unraveling inside Amazon. Can they survive the Andy Jassy era?

More than three years after Bezos passed the CEO baton to Jassy, and as Amazon marks its 30th birthday, there are signs that the company's unique work culture is starting to fray.

Fortune

Amazon CEO Andy Jassy says you don’t have to be nice to earn your peers' trust

Want to earn the trust of your boss and peers? Sucking up to them won’t do the trick, says Amazon’s CEO Andy Jassy.

Fortune

Hi Alexa, Amazon's Echo device team isn't convinced a new subscription service and refreshed personal assistant will save the company from the billion in losses

Amazon lost over $25 billion in its device business between 2017 and 2021. The losses cut across its Echo devices and other products, including Kindles, Fire TV Sticks, and video doorbells.

Windows Central

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Fortune

Glen Powell isn’t letting billion-dollar Hollywood hits stop his plans to graduate college

'Twisters' and 'Top Gun: Maverick' actor Glen Powell is now juggling his booming career with studying at the University of Texas.

Fortune

Amazon CEO Andy Jassy says whether you’re ‘ravenous’ about one thing will determine if your career is a success or stagnates

In Amazon’s CEO Andy Jassy’s experience, those who seek to improve themselves continuously are the ones who see their careers fly.

International Business Times UK

Amazon Prime Day Investment Challenge: Buy Stocks As Shares Trade 6X Cheaper Valuation Vs. June 2023

Amazon's price-to-earnings ratio was 53.98 as of July 15, compared to 309.88 in late June 2023. The company is rapidly reducing operational costs through robotics, AI integration, and improving worker safety.

Top News

Jeff Bezos Commends Trump After Rally Shooting In Pennsylvania

Jeff Bezos breaks social media silence to commend Trump for handling rally shooting incident in Pennsylvania.

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news in one place.

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Fortune

Amazon’s $20 billion NBA deal isn’t riskless. But it’s close

From big-brand advertising to cross-promotion and Prime membership retention, Amazon's pricey bet on live basketball streaming has plenty of upside and limited downside risk.

Fortune

Jeff Bezos, Andy Jassy, and the next 30 years of cadabra

Will Amazon, founded 30 years ago today, be able to continue the magic for another three decades—and address its big challenges?

Android Central

Amazon is mimicking the wrong company with rumored ‘Remarkable Alexa’ subscription

"Remarkable Alexa" is coming as a paid service, joining Google One AI Premium, Copilot Pro, ChatGPT Plus, and others.

Fortune

Why a log of redacted Signal messages shines a light on Amazon’s glass ceiling

The tech industry is working to fix the longstanding lack of diversity in its senior ranks, but the problem continues to manifest itself again and again.

Fortune

Roger Federer tells Dartmouth grads that talent will only get them so far

“You can work harder than you thought possible and still lose,” tennis star Roger Federer warns Gen Z grads.

International Business Times UK

Top Warren Buffett-Backed Companies to Watch in 2024

Warren Buffett's Berkshire Hathaway invested heavily in Apple, Amazon, and Chubb in this new decade. A massive stake in Chubb was kept a secret until recently.

International Business Times

Amazon To Overhaul Alexa With AI And Customers Should Brace For Monthly Subscription Fees

The tech giant will be launching a "more controversial" version of Alexa in the present year. Perhaps, it would be competing with other tech giants who have their own AI-powered chatbots.

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