Amazon has overtaken Walmart to become the world’s largest company by annual revenue, marking a historic shift in the long-running rivalry between the two retail giants. Walmart reported revenue of $713.2 billion for its most recent fiscal year, narrowly trailing Amazon’s $716.9 billion. The development had been anticipated for months after Amazon first exceeded Walmart in quarterly sales roughly a year ago, signaling a gradual but decisive change in the competitive landscape. W

Big technology stocks traded unevenly on Monday as investors attempted to stabilize after a turbulent week that erased more than $1 trillion in combined market value across the sector. While several large-cap names posted gains on renewed optimism around artificial intelligence and cloud demand, others slipped as concerns lingered over rising capital expenditure and broader market volatility. Oracle led the advance, climbing about 9 percent after receiving an upgrade from D.A. David

United Parcel Service announced Tuesday that it plans to eliminate approximately 30,000 positions during the current year as the company continues to wind down its longstanding business relationship with Amazon and executes a broader, multi-year turnaround strategy. The workforce reduction is expected to be driven primarily by lower shipping volumes connected to the gradual exit from Amazon-related operations. Speaking during a conference call with analysts following the release of

​Anthropic announced plans on Wednesday to invest $50 billion in a large-scale U.S. artificial intelligence infrastructure initiative, beginning with new data center projects in Texas and New York. The company said the facilities will serve as core components of its long-term strategy to accelerate research and support enterprise clients across industries that depend on high-performance AI systems. The data centers will be developed in collaboration with Fluidstack, an AI cloud platfo

Amazon Web Services (AWS) CEO Matt Garman recently emphasized the company’s confidence in its AI investments, despite laying off 14,000 corporate employees worldwide. The cuts, which represent about 4% of Amazon’s corporate workforce, come amid efforts to streamline management and focus resources on the company’s biggest strategic bets, particularly AI. Central to Amazon’s AI push is Project Rainier, an $11 billion AI data center in Indiana, purpose-built to train and run AI

Amazon is preparing for its biggest round of corporate job cuts since 2022, with plans to eliminate up to 30,000 positions starting Tuesday. The move affects nearly 10% of its corporate workforce and follows years of smaller layoffs across divisions such as devices, HR, and operations. Sources suggest that the job cuts will impact multiple departments, including Amazon Web Services (AWS), human resources (PXT), and corporate operations. Managers have reportedly undergone training on how to co

Walmart Inc. has temporarily halted its job offers to candidates requiring H-1B work visas, according to people familiar with the company’s internal hiring policy. The decision follows the Trump administration’s recent move to impose a $100,000 application fee on new H-1B petitions — a significant shift in immigration policy that has prompted widespread reassessment among U.S. corporations employing international talent. The temporary hiring freeze primarily affects Walmart’

In today’s competitive business landscape, data has become the most valuable resource for making smart, timely decisions. Amazon Web Services (AWS) AI is helping organizations unlock the full potential of their data by providing advanced tools for analysis, automation, and prediction. From startups to large enterprises, AWS AI offers scalable and cost-effective solutions that make it easier to gain insights, improve customer engagement, and streamline ope

A plan to demolish a longstanding bowling alley in Deer Park and replace it with a self-storage facility has drawn significant pushback from residents, many of whom voiced their opposition during a recent town planning board meeting. The proposed project would see the removal of Strike 10 Lanes, located at the corner of Long Island and Irving Avenues, and the construction of a two-story, 17,000-square-foot self-storage facility with a basement in its place. Residents described the

Landing a job at major tech companies like Amazon, Microsoft, or Meta can seem like a daunting task, especially for newcomers. However, a former software engineer who has worked at all three companies shares three key insights that helped him succeed despite not having a typical tech background. His advice focuses on practical steps that can make a big difference in your job application journey.

President Donald Trump’s authorization of military strikes on three key Iranian nuclear sites has triggered strong reactions across the world. In a national address on Saturday night, Trump declared that the targeted nuclear enrichment facilities were “completely and totally obliterated,” warning that Iran must choose peace or face “far greater and a lot easier” future strikes. He called Iran “the bully of the Middle East” and framed the military acti

US President Donald Trump has described recent military strikes on Iranian nuclear sites as an act of "obliteration," even as official assessments continue to question the extent of the actual damage inflicted. The strikes, which targeted three major nuclear facilities in Iran early Sunday morning local time, have triggered a wave of scrutiny over how significantly Tehran’s nuclear program was impacted. Trump, however, insisted the damage was monumental and backed his claims w

The Israel-Iran conflict has escalated dramatically, entering its third consecutive day with intense missile exchanges resulting in significant casualties on both sides. Iran reports at least 224 fatalities, including senior military

Amazon has launched a groundbreaking artificial intelligence initiative in Sunnyvale that could reshape how packages are delivered across the United States. The tech giant introduced its new Agentic AI team at Lab126, its research and development facility located at 1100 Enterprise Way in the heart of Silicon Valley. This team is focused on developing autonomous AI systems capable of making decisions and acting independently, which will significantly enhance Amazon's robotics capabilities

External Affairs Minister S Jaishankar confirmed that he spoke with US Secretary of State Marco Rubio earlier today, amid heightened regional tensions between India and Pakistan. While the full details of their conversation were not disclosed publicly, Jaishankar emphasized India’s ongoing commitment to a "measured and responsible" approach in dealing with escalating hostilities. In his official post on social media, Jaishankar wrote, “Had a conversation with US @SecRubi

In a calibrated military offensive launched in response to the Pahalgam terror attack that killed 26 people, India executed targeted air strikes under the codename Operation Sindoor. Conducted late Wednesday night, the operation struck nine key terror installations across Pakistan and Pakistan-occupied Kashmir (PoK), focusing on eliminating infrastructure linked to the Jaish-e-Mohammed (JeM) and Lashkar-e-Taiba (LeT). Sources revealed that four targets were located within

The uncertainty surrounding U.S. immigration policies has intensified fears among H-1B visa holders, particularly in the technology sector. As concerns grow over potential policy changes under Donald Trump’s administration, major tech companies, including Microsoft, Google, and Amazon, have issued warnings to their foreign employees, advising them to avoid international travel. H-1B visas play a crucial role in the U.S. economy, particularly in the tech industry, where they

In a significant escalation of the ongoing Russia-Ukraine war, Moscow faced a massive overnight drone attack that left one person dead and three others injured. Russia's Defence Ministry reported that Ukrainian forces launched as many as 337 drones in what is believed to be the largest drone strike on Moscow since the conflict began. Of the total drones, 91 targeted Moscow and its surrounding areas, while 126 drones were intercepted over the Kursk region. The attack sparked fires across M

Amazon Web Services, the cloud computing arm of Amazon, is set to invest approximately $8.2 billion in Maharashtra over the next few years, according to the Ministry of Electronics and Information Technology. IT Minister Ashwini Vaishnaw stated that the investment would play a key role in job creation while strengthening India’s cloud computing infrastructure. The investment is expected to be rolled out between 2029 and 2030.AWS is also planning to introduce its own graphics processing

Amazon has taken a significant leap into artificial intelligence with the launch of Alexa Plus, an advanced version of its popular voice assistant. Powered by generative AI, Alexa Plus is designed to be more conversational, personalized, and intelligent, offering users an upgraded experience with improved automation, learning capabilities, and expanded features.   Announced on Wednesday, Alexa+ integrates large language models (LLMs) and agentic capabilities, allowing it