Amazon

Amazon cuts Singapore workforce as it phases out local fulfilment including Amazon Fresh

This comes amid ‘strong demand for products from international stores’ from consumers in the Republic

Amazon has been building out its distribution network for years, primarily focused on boosting fast shipping for sellers on its own marketplace.

FedEx, UPS shares sink on ‘watershed’ Amazon logistics move

The news is a ‘shot across the bow’ to the entire transport market, according to analyst

More than three years into a bull market fuelled by excitement about AI, two key pillars remain intact: Big Tech profit growth continues to outpace the rest of the market, and the flow of money into AI infrastructure keeps growing.

Big Tech earnings show split between AI trade winners and losers

The artificial intelligence boom is alive and well, but investors are getting more granular

Meta plans to cut 10% of its workforce – about 8,000 employees – from May 20.

Meta, Amazon, Wall Street: Global giants slashing headcounts worldwide

BT rounds up recent moves by major companies to pare their workforce in 2026

Meta CEO Mark Zuckerberg has expressed confidence in the decision to escalate spending, though his answers to analysts’ questions were vague.

Alphabet, Amazon outpace Meta in AI during earnings bonanza

A key question among investors and analysts is whether that massive spending is providing tangible results

Amazon’s e-commerce operation still generates the biggest share of the company’s revenue and Andy Jassy continues to push to speed delivery times to shoppers.

Amazon reports higher spending to fuel cloud unit sales

The company has shuttered its Fresh grocery markets and cashierless Go convenience stores during the quarter

UPS maintained its forecast of a 1.2% rise in 2026 revenue to US$89.7 billion and an adjusted operating margin of about 9.6%.

UPS posts lower Q1 profit as it scales down Amazon deliveries

The parcel giant has been shifting its focus to higher-margin shipments to support profitability and control costs

Earlier this year, higher-than-expected capital spending spooked investors and helped send Magnificent Seven stocks into a tailspin, falling 16% in the first three months of 2026.

Big Tech’s US$16 trillion earnings week is make-or-break for rally

Alphabet, Microsoft, Amazon and Meta are set to report their results on Wednesday

Meta has taken a broad approach to securing chips for its AI efforts, citing a desire to diversify its partnerships to stay flexible.

Meta inks multibillion-dollar deal to use Amazon chips for AI

The deal is the latest Big Tech tie-up as the industry scrambles to secure sufficient processors to power AI models

Amazon says that it remains a minority investor, and is not represented on Anthropic’s board or trust.

Amazon to invest an additional US$5 billion in Anthropic

The AI company makes the Claude chatbot and coding tool