Amazon shares fell sharply on Friday, sliding more than 9% after the company outlined an aggressive capital spending plan that unsettled investors already wary about the sustainability of the artificial intelligence boom. The drop added to a broader technology selloff, as market participants questioned whether escalating investments in AI infrastructure could outpace future returns and create excess capacity across the sector. The e-commerce and cloud computing group disclosed in it

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

A new visa policy introduced under the Trump administration has sent shockwaves through the United States job market, particularly affecting international professionals and technology firms. The government now mandates that employers pay a $100,000 fee for each new H-1B visa application, a move officials claim will curb abuse of the visa system and encourage hiring of American citizens. However, the measure has been met with widespread criticism from business leaders and immigration advocates

The Dow Jones Industrial Average surged to another record close on Tuesday, buoyed by a series of strong corporate earnings reports that reinforced investor optimism about the resilience of major U.S. companies. Gains from household names such as Coca-Cola, 3M, and General Motors helped the blue-chip index climb even as technology shares lagged, reflecting a rotation from growth stocks into more traditional sectors. The 30-stock Dow rose 218.16 points, or 0.47%, to finish at 46,924.

Tata Consultancy Services (TCS) has reported a significant decline in its global workforce, with nearly 20,000 employees exiting during the quarter ending September 30. The reduction, which is substantially higher than earlier projections, has drawn attention from employee advocacy groups and industry observers amid ongoing restructuring efforts at the technology giant. According to the company’s quarterly disclosure for Q2FY26, TCS’ total employee strength dropped from 6,13,069

Tata Consultancy Services (TCS) recently introduced a policy that is causing considerable anxiety among employees. The new rule, implemented on June 12, restricts the duration employees can remain on the bench without project work to just 35 days. Beyond this limit, workers risk losing out on promotions, or even their jobs. This has led to an outcry, particularly among employees who are now fearing layoffs and uncertain futures.

Tata Consultancy Services (TCS), India’s largest IT services firm, drew market attention after releasing its first quarter results for FY26 following market hours on July 10. The company reported a stronger-than-expected performance, sparking positive sentiment around the stock, which has the potential to test Rs 3,580 levels in the near term, according to analysts. TCS posted a consolidated net profit of Rs 12,760 crore for the quarter ended June 30, 2025, reflecting a 5

Nvidia has reached an unprecedented milestone by becoming the first publicly traded company in history to surpass a $4 trillion market valuation. This historic achievement, reached on Wednesday, showcases the company’s rapid ascent in the global technology landscape, driven largely by the surging demand for its artificial intelligence-focused chips. Shares of Nvidia rose by 2.5% in early trading on Wednesday, climbing by $3.97 to exceed $164 per share. This marks a staggerin

In the first quarter of 2025, Ford Motor Company reported earnings that surpassed Wall Street expectations, yet the automaker suspended its full-year financial guidance due to the anticipated impact of newly imposed tariffs. The company estimates that these tariffs will result in a $2.5 billion cost for the year, with a net adverse effect of approximately $1.5 billion on its adjusted earnings before interest and taxes (EBIT) . Ford's decision to withdraw its 2025 guidance r

Netflix has reached a historic milestone in the stock market, notching 11 consecutive trading days of gains—its longest positive streak since the company went public in May 2002. This surpasses its previous record of a nine-day run achieved between late 2018 and early 2019. The streaming leader’s shares are now trading at all-time highs, continuing a powerful rally that reflects investor confidence in its performance and long-term prospects. This current surge comes

In a move reminiscent of the landmark decision that brought Microsoft to Hyderabad in 1998, Andhra Pradesh’s Chief Minister has announced a major step toward turning Visakhapatnam (Vizag) into the next big IT destination. With the recent allocation of land to Tata Consultancy Services (TCS) for a sprawling new campus, the state government is laying the groundwork for a transformation that could parallel the tech revolution that once took off in Hyderabad. Back in 1998, it was a revoluti

Amazon has officially surpassed Walmart in quarterly revenue for the first time, marking a historic shift in the retail landscape. For over a decade, Walmart has consistently led the industry in revenue generation, but Amazon’s rapid expansion in eCommerce, cloud computing, and advertising has propelled it to the top. During the fourth quarter, Amazon reported a staggering $187.8 billion in revenue, surpassing Walmart’s $180.5 billion. While Wal

The week witnessed crucial political and economic developments that influenced market movements across the world. In India, Tata Consultancy Services (TCS) announced its third-quarter earnings, with a net profit rise of 4.1%, while the Union government predicted India's economy would grow at its slowest pace in four years, with a projected GDP growth rate of 6.4% for fiscal year 2024-25. Meanwhile, India's merchandise trade deficit remained elevated despite a reduction in go

In a significant development for Andhra Pradesh's IT landscape, Minister Nara Lokesh announced that Tata Consultancy Services (TCS) will establish a major IT facility in Vizag, creating 10,000 direct employment opportunities. This announcement, made via Lokesh's social media, is expected to serve as a catalyst for further investments in the region. Minister Lokesh expressed his enthusiasm, stating, “I’m happy to announce the development of an IT facility by Tata