Group 1 - The article discusses the impact of a general sell-off in the "Mag7" stocks, which have all experienced declines [1] - The Pragmatic Investor focuses on global macro trends, international equities, commodities, technology, and cryptocurrencies, aiming to guide investors through various market conditions [1] - The investment group emphasizes building diversified portfolios to preserve and increase wealth over time [1]

Amazon CEO Andy Jassy thinks companies should invest “aggressively” in AI now to reap the full financial rewards in the future.In his annual letter to Amazon shareholders published Thursday, Jassy said “substantial capital” is required to keep up with the pace of AI innovation and customer demand for AI products. He added that Amazon, too, needs to spend this money now if it hopes to see strong returns on its investment years down the line. Jassy’s comments come after Amazon announced plans during its four ...

Chinese sellers on Amazon's marketplace are weighing whether to hike prices in the U.S. or leave the market entirely due to President Donald Trump's tariffs on China.  The head of the Shenzhen Cross Border E-commerce Association, Wang Xin, told Reuters that it will be "very hard for anyone to survive in the U.S. market," calling Trump's tariff plan an "unprecedented blow."The Shenzhen Cross Border E-commerce Association represents 3,000 Amazon sellers.  TRUMP'S TARIFFS: WHAT TARIFFS HAVE BEEN IMPOSED ON MAJ ...

AI is going to get a lot cheaper, especially as the price of chips comes down, Amazon CEO Andy Jassy said Thursday in his annual shareholder letter. Jassy pointed to chips as "the biggest culprit" behind the cost of AI. "Most AI to date has been built on one chip provider," Jassy wrote in an apparent reference to Nvidia.But inference, or what AI models produce, will become more efficient in the next couple of years, Jassy wrote. Chips will also offer progressively better performance for price over time, he ...

U.S. tariffs have reportedly left Chinese companies on Amazon with a tough choice: Hike their prices, or leave the platform altogether.That’s according to a report late Wednesday (April 9) by Reuters, citing interviews with those merchants and the head of China’s largest eCommerce association.The shift follows President Donald Trump’s announcement that he would increase tariffs on Chinese imports to 125% from the 104% level already in place, even as the White House placed tariffs on other nations on hold.“T ...

The stock market has been on a wild ride since President Trump announced his new tariff plan on April 2. The tariffs, which will affect over 180 countries, sent all major indexes plunging, and virtually all big-name tech stocks followed the same path.One of the hardest-hit tech stocks was Amazon (AMZN -3.19%), down over 10% since the tariff announcement and over 20% since the start of the year. This sell-off can be pinned to the new 34% tax on Chinese imports. Amazon operates its e-commerce platform, but if ...

Amazon has reportedly experimented with using its delivery drivers as emergency responders.The tech giant outfitted delivery vans in Europe with defibrillators to see whether those drivers could provide faster aid to heart attack victims, Bloomberg News reported Thursday (April 10), citing company documents.According to the report, Amazon piloted the program, known as Project Pulse, in Amsterdam in 2023 before expanding it to London and the Italian city of Bologna.The company confirmed that more than 100 dr ...

Amazon CEO Andy Jassy said Thursday the company is still digesting the impact of President Donald Trump's sweeping tariffs, but that its vast network of third-party sellers may "pass that cost on" to consumers."I understand why, I mean, depending on which country you're in, you don't have 50% extra margin that you can play with," Jassy said in an interview with CNBC's Andrew Ross Sorkin. "I think they'll try and pass the cost on." This is breaking news. Please refresh for updates. ...

NetworkNewsWire Editorial Coverage NEW YORK, April 10, 2025 /PRNewswire/ -- Facing ongoing labor shortages and rising consumer demands, the hospitality and food service sectors are increasingly turning to artificial intelligence (AI)-driven service robots. These cutting-edge technologies are helping hotels, restaurants, and cafes streamline operations, lower costs, and elevate customer experiences. As the hospitality robotics market is expected to surge to $65.4 billion by 2032 (https://ibn.fm/WxsRw), robot ...

There's a lot of panic and fear in the market right now, caused by the Trump administration's tariff announcements. Artificial intelligence (AI) stocks, in particular, have been slammed as investors move their money from risky stocks to more conservative investments.While I understand why, I'm more focused on the long term, and I'm looking for great deals that will be worth substantially more over the next five years.I've come up with two strong picks that could soar over the next five years from today's pr ...