The one-stop shop for handling freight and packages seems to be a thing of the past, with FedEx Corp. set to spin off its trucking business in June. United Parcel Service Inc. shed its trucking unit ...

Shares of the e-commerce and cloud computing giant plunged 12% in February, their worst month since December 2022, as Wall Street takes an increasingly jaundiced view of the company’s aggressive AI ...

Amazon.com Inc. has officially dethroned Walmart Inc. as the biggest global company by revenue, a milestone attesting to the massive scale the e-commerce and cloud-computing giant has achieved since ...

(Bloomberg) -- Amazon.com Inc. is cutting 16,000 corporate jobs worldwide in an effort to remove layers of bureaucracy and “increase ownership,” becoming the latest company to target managers for ...

(Bloomberg) -- Amazon.com Inc. shares dropped the most in six months after the company announced plans to spend $200 billion this year on data centers, chips and other equipment, worrying investors ...

(Bloomberg) -- Amazon.com Inc. is in talks to invest as much as $50 billion in OpenAI, the Wall Street Journal reported on Thursday, a deal that would accelerate ties between the world’s largest cloud ...

(Bloomberg) -- Amazon.com Inc. is reorganizing teams working on artificial intelligence projects, putting a top leader from the company’s cloud division in charge of a new unit. Peter DeSantis will ...