Amazon.com, Inc. has reportedly cut additional jobs in its robotics division. Robotics Unit Hit By Latest Layoffs Amazon has laid off employees in its robotics organization, Reuters reported on Wednesday, citing two people familiar with the matter. The team was responsible for building machines and automated systems used primarily in warehouse operations. The cuts reportedly affected at least 100 ...
Amazon.com, Inc. has reportedly cut additional jobs in its robotics division. Robotics Unit Hit By Latest Layoffs Amazon has laid off employees in its robotics organization, Reuters reported on Wednesday, citing two people familiar with the matter. The team was responsible for building machines and automated systems used primarily in warehouse operations. The cuts reportedly affected at least 100 white-collar roles within the division. Don't Miss: In a statement to the publication, Amazon said it routinely reviews its internal structure to ensure teams are positioned to innovate and deliver for customers. However, it did not disclose the exact number of jobs impacted. Amazon did not immediately respond to Benzinga's request for comments. AI Efficiency Push Drives Corporate Cuts The layoffs come as Amazon continues a sweeping effort to trim corporate staff while improving efficiency with AI-powered tools. Since last year, the company has significantly reduced its white-collar workforce. Trending: Disney Was Built on Character IP — This Pre-IPO Company Is Using the Same Playbook Beginning with roughly 14,000 corporate layoffs in October, followed by about 16,000 additional cuts in January, the company has eliminated roughly 30,000 corporate roles overall. Those reductions represent close to 10% of Amazon's corporate workforce. Most of Amazon's roughly 1.5 million employees work in hourly roles, particularly inside the company's vast network of fulfillment centers. ‘Blue Jay' Robotics Project Halted The latest layoffs also follow Amazon's decision earlier this year to halt development of a robotics system known as Blue Jay, which the company showcased at an event in October. The system featured multiple robotic arms designed to grab several items simultaneously, helping warehouse workers operate in tighter spaces. See Also: 1.5 Million Users Are Already Working Inside This AI Platform — Investors Can Still Get In Over the past year, Amazon has also trimmed smaller numb...
Key Points When others flee the market, Cathie Wood rushes in to seize great buying opportunities. The top investor favors innovators and aims to hold onto them for the long term. 10 stocks we like better than CoreWeave › The market has been turbulent in recent weeks, with a broad range of concerns weighing on investors' minds. Some have worried about the valuations of artificial intelligence (AI)...
Key Points When others flee the market, Cathie Wood rushes in to seize great buying opportunities. The top investor favors innovators and aims to hold onto them for the long term. 10 stocks we like better than CoreWeave › The market has been turbulent in recent weeks, with a broad range of concerns weighing on investors' minds. Some have worried about the valuations of artificial intelligence (AI) stocks and whether these players will live up to expectations. Investors also have questioned the state of the economy and are waiting for additional clarity on the pace of interest rate cuts. Finally, the conflict in Iran has added to market uncertainty, and as a result, the S&P 500 has shifted from gains to losses multiple times in a short period. Against this backdrop, it's impossible to predict how even the highest-quality stocks will fare in a period of days or weeks. But if you are a long-term investor, it's an excellent idea to go shopping for stocks during difficult times. Long-term investing, or holding onto stocks for at least five years, is the surest ticket to an investment win. That's because it offers you time to accompany a company through its growth story -- and time will limit the impact of the down markets you encounter along the way. Meanwhile, when stocks fall, you can get in on them for great prices. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Cathie Wood, founder and chief of Ark Invest, knows this, and that's why she often buys aggressively when others are fleeing the market. Wood favors long-term investing and betting on innovators across industries, from general tech to biotech, autonomous vehicles, and more. Let's check out two stocks she just bought after the recent tech pullback. 1. CoreWeave On March 3, Wood added more shares of CoreWeave (NASDAQ: CRWV) to her flagship Ar...
The "Magnificent Seven" group of stocks has dominated the market for several years now. These thriving tech companies emerged as market leaders over the past decade and have risen to become some of the largest companies in the world. In fact, all of the Magnificent Seven stocks are among the top 10 largest companies in the world. It's made up of: Nvidia NVDA 2.94% ) Apple AAPL 0.96% ) Alphabet GOO...
The "Magnificent Seven" group of stocks has dominated the market for several years now. These thriving tech companies emerged as market leaders over the past decade and have risen to become some of the largest companies in the world. In fact, all of the Magnificent Seven stocks are among the top 10 largest companies in the world. It's made up of: Nvidia NVDA 2.94% ) Apple AAPL 0.96% ) Alphabet GOOG 0.87% ) GOOGL 0.75% ) Microsoft MSFT 0.43% ) Amazon AMZN 2.61% ) Meta Platforms META 2.33% ) Tesla TSLA 2.07% ) But past performance doesn't always indicate future performance. These stocks have been long-term winners, but which ones have the best chance to succeed going forward? More importantly, which ones are buy opportunities in March? Let's take a look. Tesla and Apple are on the outside looking in To me, Tesla is a hard stock to get a grasp on. The company is doing a lot of exciting things, and its future appears bright if certain actions work out, but the current results aren't spectacular. I think the best times to buy Tesla stock are when it's trading significantly off its all-time highs. While it's down around 18% from that level, that's similar to the rest of the stocks in this group, so I don't think now is a great time to load up on shares. Expand NASDAQ : TSLA Tesla Today's Change ( -2.07 %) $ -8.40 Current Price $ 397.15 Key Data Points Market Cap $1.5T Day's Range $ 394.21 - $ 402.34 52wk Range $ 214.25 - $ 498.83 Volume 4.8M Avg Vol 65M Gross Margin 18.03 % Apple is a company I don't have a ton of faith in. It has failed to launch meaningful artificial intelligence (AI) products, and most of its revenue is tied to its past efforts. It's currently reporting a rebound in growth, but that's because it has had a relatively lackluster past few years to compare to. Apple needs to post a solid year and launch some exciting new products for me to be interested in it again; until then, I'm passing on the stock. That leaves Nvidia, Alphabet, Microsoft, Amazon, and ...
Key Points Some of these above-average stocks trade at a market-average valuation. Amazon and Alphabet are seeing huge demand for their cloud computing services. 10 stocks we like better than Alphabet › The "Magnificent Seven" group of stocks has dominated the market for several years now. These thriving tech companies emerged as market leaders over the past decade and have risen to become some of...
Key Points Some of these above-average stocks trade at a market-average valuation. Amazon and Alphabet are seeing huge demand for their cloud computing services. 10 stocks we like better than Alphabet › The "Magnificent Seven" group of stocks has dominated the market for several years now. These thriving tech companies emerged as market leaders over the past decade and have risen to become some of the largest companies in the world. In fact, all of the Magnificent Seven stocks are among the top 10 largest companies in the world. It's made up of: But past performance doesn't always indicate future performance. These stocks have been long-term winners, but which ones have the best chance to succeed going forward? More importantly, which ones are buy opportunities in March? Let's take a look. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Tesla and Apple are on the outside looking in To me, Tesla is a hard stock to get a grasp on. The company is doing a lot of exciting things, and its future appears bright if certain actions work out, but the current results aren't spectacular. I think the best times to buy Tesla stock are when it's trading significantly off its all-time highs. While it's down around 18% from that level, that's similar to the rest of the stocks in this group, so I don't think now is a great time to load up on shares. Apple is a company I don't have a ton of faith in. It has failed to launch meaningful artificial intelligence (AI) products, and most of its revenue is tied to its past efforts. It's currently reporting a rebound in growth, but that's because it has had a relatively lackluster past few years to compare to. Apple needs to post a solid year and launch some exciting new products for me to be interested in it again; until then, I'm passing on the stock. That leaves Nvidia, ...
British Columbia to make daylight saving time permanent toggle caption Charles Krupa/AP Across much of the United States and Canada, daylight saving time begins Sunday at 2:00 a.m. local time. Most people will turn their clocks forward an hour, trading an hour of sunlight in the mornings for more daylight at the end of the day. When it ends, clocks will turn backward by an hour nearly eight months...
British Columbia to make daylight saving time permanent toggle caption Charles Krupa/AP Across much of the United States and Canada, daylight saving time begins Sunday at 2:00 a.m. local time. Most people will turn their clocks forward an hour, trading an hour of sunlight in the mornings for more daylight at the end of the day. When it ends, clocks will turn backward by an hour nearly eight months later to have more morning light in the darkest days of winter. But British Columbia will switch their clocks for the last time — ushering in a new era of permanent daylight saving time. The switch was supported by "more than 90% of British Columbians," said David Eby, premier of British Columbia. Sponsor Message "The way that we live our lives now in the modern era, having an extra hour of sunlight at the end of the day, whether it's the winter or the summer, makes a big difference for people," Eby told NPR's Adrian Ma on All Things Considered. While the idea may be a popular one among British Columbia residents, experts in sleep medicine and public health are not fans of the time change. "Daylight saving time has been shown to have a lot of negative effects," said Emily Manoogian, a senior staff scientist at the Salk Institute and an executive member of the Center for Circadian Biology at University of California, San Diego. "And actually the United States tried permanent daylight savings in the seventies for one year. It was so awful that they reverted it almost immediately." People went to work in the dark and children walked to school in the dark. And then, "there were a few fatal car accidents," she said, which led to the reversal. Eby acknowledged health risks, but added that people in his province are used to waking up in the dark and taking their kids to school in the dark during the winter. "We're on the very western edge of the time zone and so we have dark mornings anyway," he said. "People really want that hour at the end of the day." Sponsor Message Why dayli...
Key Points Alphabet, Google's parent company, was an early investor in AST SpaceMobile and currently holds 8.9 million shares. AST SpaceMobile is a satellite company looking to provide global cellular coverage from low Earth orbit. It aims to launch a constellation of 45 to 60 satellites for continuous coverage in key markets by the end of the year. 10 stocks we like better than AST SpaceMobile › ...
Key Points Alphabet, Google's parent company, was an early investor in AST SpaceMobile and currently holds 8.9 million shares. AST SpaceMobile is a satellite company looking to provide global cellular coverage from low Earth orbit. It aims to launch a constellation of 45 to 60 satellites for continuous coverage in key markets by the end of the year. 10 stocks we like better than AST SpaceMobile › Many investors may know Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) as the parent company of Google, YouTube, and its artificial intelligence (AI) model, Gemini. But the company also has an investment arm that invests in high-growth companies across AI, healthcare, infrastructure, and even space. The technology giant has a portfolio of 29 stocks, according to its most recent 13F filing, and the space company AST SpaceMobile (NASDAQ: ASTS) tops the list as its largest public stock investment, with 8.9 million shares worth $903 million as of this writing. Here's what investors need to know about the satellite company and Alphabet's investment in it. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Alphabet was an early investor in AST SpaceMobile AST SpaceMobile is an early-stage satellite company that has moved past research and development and into commercial operations. The company is developing a global cellular-broadband network in low Earth orbit to provide high-speed connectivity to standard mobile devices. Alphabet first invested in AST SpaceMobile through convertible notes in early 2024. Alphabet, along with AT&T and Vodafone, was an early investor in these convertible notes, which were convertible into common stock at $5.75 per share. As part of the agreement, AST SpaceMobile could force conversion if the stock price traded at 130% above the conversion price for 30 days, which it did in early 2025. As a...
Milano Cortina Winter Paralympics 2026: day one – in pictures We take a look at the best images from the opening day of the Games, including curling, downhill skiing and ice hockey
Milano Cortina Winter Paralympics 2026: day one – in pictures We take a look at the best images from the opening day of the Games, including curling, downhill skiing and ice hockey
An exceptionally warm February in Hong Kong does not spell the end of winters forever, yet the city’s warmest winter on record signals far more than a fleeting anomaly. Across the Pacific, meanwhile, polar vortex disruptions have unleashed Arctic blasts, burying parts of the United States under feet of snow, cutting power, closing schools and grounding flights. These extremes – from subtropical wa...
An exceptionally warm February in Hong Kong does not spell the end of winters forever, yet the city’s warmest winter on record signals far more than a fleeting anomaly. Across the Pacific, meanwhile, polar vortex disruptions have unleashed Arctic blasts, burying parts of the United States under feet of snow, cutting power, closing schools and grounding flights. These extremes – from subtropical warm spells to polar chills – highlight a warming world with increasingly unpredictable weather, demanding stronger action and preparedness from authorities. Hong Kong Observatory data shows the mean monthly temperature for February hitting 20.1 degrees Celsius (68.2 degrees Fahrenheit), three degrees above normal and the second highest on record for the month. Combined with December temperatures well above normal and warmer-than-usual January weather, this yielded the warmest winter since records began in 1884, averaging 19.3 degrees, two degrees above normal. Only five cold days occurred, tying for the third lowest total on record. Advertisement The warm season stands in sharp contrast to the chaos from Arctic storms in North America . Climate change’s precise impact on the polar vortex – a stratospheric wind ring trapping cold air – remains unclear, complicating forecasts on whether the stronger-than-usual cold snaps will hit again in the coming years. From record downpours to frequent summer heat alerts, extreme weather has seemingly become the norm in Hong Kong, not the exception. The impact of blurring seasonal lines goes beyond wardrobe adjustments; it exposes policymakers to increasingly erratic weather patterns that demand robust preparedness. Advertisement Shifting from reaction to foresight is the first line of defence. The onslaught of super typhoons and rainstorms in recent years has exposed gaps in infrastructure and emergency responses, while surging hot-weather alerts reflect global warming, fuelled by carbon emissions and urban design flaws. Enhanced policies...
Venezuela's Gas Potential Could Overshadow Its Famous Oil Reserves Authored by Felicity Bradstock via OilPrice.com, While attention is often on Venezuela's vast oil reserves, many experts believe that exploiting its natural gas fields, which were previously neglected, presents a more immediate opportunity for economic success. Developing Venezuela's gas industry will likely require an energy partn...
Venezuela's Gas Potential Could Overshadow Its Famous Oil Reserves Authored by Felicity Bradstock via OilPrice.com, While attention is often on Venezuela's vast oil reserves, many experts believe that exploiting its natural gas fields, which were previously neglected, presents a more immediate opportunity for economic success. Developing Venezuela's gas industry will likely require an energy partnership with neighboring Trinidad and Tobago, as the island nation possesses the necessary infrastructure for processing and exporting the fuel that Venezuela lacks. Major international companies like Shell and BP are pursuing key Venezuelan gas projects, such as the Dragon and Cocuina fields, a move facilitated by greater leniency on U.S. sanctions. Following the United States intervention in Venezuela on 3rd January, which brought an end to President Nicolás Maduro’s 13-year dictatorship, all eyes have been on the South American country’s oil industry. Once one of the world’s biggest oil producers, output has waned in recent years. However, with U.S. President Trump setting his sights on Venezuelan crude, many are speculating just how quickly its resources can be tapped. While the focus is on Venezuela’s potential as an oil power, others think that more immediate success may be seen in the exploitation of its gas fields. Venezuela is home to the largest oil reserves in the world, with an estimated 300 billion barrels. However, years of underinvestment and mismanagement have led to a significant reduction in output. The recent U.S. intervention in the South American country has drawn new investor interest in its energy market, as President Trump vows to rapidly redevelop Venezuela’s long-neglected oil resources. On 13th February, the White House published a press release that stated , “The Trump Administration is rapidly implementing President Trump’s vision to reopen and develop Venezuela’s oil industry for the shared benefit of the American and Venezuelan people. Thanks t...
Key Points Most Wall Street analysts rate HP stock as a sell or hold. The main reasons are high costs and lower sales. But HP stock is dirt cheap, has a great dividend, and is positioning itself for future earnings growth. 10 stocks we like better than HP › HP (NYSE: HPQ) is a household name, as just about every home has, or has had at one point, an HP computer, laptop, or printer. But the stock h...
Key Points Most Wall Street analysts rate HP stock as a sell or hold. The main reasons are high costs and lower sales. But HP stock is dirt cheap, has a great dividend, and is positioning itself for future earnings growth. 10 stocks we like better than HP › HP (NYSE: HPQ) is a household name, as just about every home has, or has had at one point, an HP computer, laptop, or printer. But the stock has struggled recently, trading down about 34% in the past 12 months and almost 13% year to date. Inconsistent earnings and flat revenue have led to several recent earnings misses for HP. While personal computer sales have been solid, HP has seen a drop in printer sales as people move toward digital. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » In addition, HP has been saddled with higher expenses, in part due to tariffs on components, relocating manufacturing to lower-tariff areas, and rising costs for memory components. Due to the high memory demand from artificial intelligence (AI), memory accounts for more of the PC build than it has in the past, about 35%, double what it was just a few quarters ago. On top of that, the cost of memory components has been rising because of the demand and supply shortage. Combined, these factors have increased costs for HP and been a drag on earnings. They caused the company to project earnings to be at the lower end of its guidance range for this fiscal year. The bull case for HP These factors have soured not only investors on HP, but Wall Street analysts as well. The stock has a median price target of $19 per share, which is essentially where it is now. Further, some 32% of analysts say "sell," as opposed to just 21% who rate it as a buy. But there are a couple of reasons why the majority of analysts may be wrong. For starters, the stock is dirt cheap, trading at ju...
"We are boring, and we will never have the same offerings as New York and Paris," he told a conference in July. "But at the same time, we are stable, we are predictable. We are reliable and we are trusted, and these are intangible assets that others would die to have."
"We are boring, and we will never have the same offerings as New York and Paris," he told a conference in July. "But at the same time, we are stable, we are predictable. We are reliable and we are trusted, and these are intangible assets that others would die to have."
The market has been turbulent in recent weeks, with a broad range of concerns weighing on investors' minds. Some have worried about the valuations of artificial intelligence (AI) stocks and whether these players will live up to expectations. Investors also have questioned the state of the economy and are waiting for additional clarity on the pace of interest rate cuts. Finally, the conflict in Ira...
The market has been turbulent in recent weeks, with a broad range of concerns weighing on investors' minds. Some have worried about the valuations of artificial intelligence (AI) stocks and whether these players will live up to expectations. Investors also have questioned the state of the economy and are waiting for additional clarity on the pace of interest rate cuts. Finally, the conflict in Iran has added to market uncertainty, and as a result, the S&P 500 has shifted from gains to losses multiple times in a short period. Against this backdrop, it's impossible to predict how even the highest-quality stocks will fare in a period of days or weeks. But if you are a long-term investor, it's an excellent idea to go shopping for stocks during difficult times. Long-term investing, or holding onto stocks for at least five years, is the surest ticket to an investment win. That's because it offers you time to accompany a company through its growth story -- and time will limit the impact of the down markets you encounter along the way. Meanwhile, when stocks fall, you can get in on them for great prices. Cathie Wood, founder and chief of Ark Invest, knows this, and that's why she often buys aggressively when others are fleeing the market. Wood favors long-term investing and betting on innovators across industries, from general tech to biotech, autonomous vehicles, and more. Let's check out two stocks she just bought after the recent tech pullback. Continue reading