Amazon Archives

Amazon planning $10B investment in North Carolina for data center and AI campus

HAMLET, N.C. (AP) — Amazon is expanding its cloud computing infrastructure and artificial intelligence activities into a rural North Carolina county. The company said Wednesday it intends to invest $10 billion toward building a campus in Richmond County. This will bring a shot in the arm to a region where textile and apparel jobs dried up a generation ago. Amazon said its investment should create at least 500 jobs and support thousands more through construction and data center supply chain providers. Gov. Josh Stein says the investment is one of the largest in state history.… Continue Reading

Amazon workers in Garner vote against joining union

GARNER, N.C. (AP) – Workers at an Amazon warehouse in North Carolina have rejected a proposal to unionize. They are the latest group of the company’s employees to side against union representation. The National Labor Relations Board said Saturday said about three-quarters of employees at an Amazon fulfillment center in Garner, a town located near Raleigh, voted against joining a grassroots labor organization called Carolina Amazonians United for Solidarity and Empowerment. The federal labor agency said 2,447 workers cast ballots against union representation while 829 voted in favor of joining the independent union, which is made up of former and current Amazon workers.… Continue Reading

Stock market today: Wall Street rises with Nvidia as bitcoin bursts above $99,000

NEW YORK (AP) — U.S. stocks climbed after market superstar Nvidia and another round of companies said they’re making even fatter profits than expected. The S&P 500 pulled 0.5% higher Thursday after flipping between modest gains and losses several times in the morning. The Dow Jones Industrial Average jumped 1.1%, and the Nasdaq composite edged up by less than 0.1%. Banks, smaller companies and other areas of the stock market that tend to do best when the economy is strong helped lead the way, while bitcoin briefly broke above $99,000. Crude oil, meanwhile, continued to rise. Treasury yields inched higher in the bond market.… Continue Reading

Stock market today: Amazon leads Wall Street higher

NEW YORK (AP) — Amazon led U.S. stock indexes higher, while a surprisingly weak jobs report marred by some unusual occurrences cemented bets on Wall Street for another cut to interest rates next week. The S&P 500 rose 0.4% Friday and recovered some of its loss from the day before, which was its worst in eight weeks. The Dow Jones Industrial Average gained 0.7%, and the Nasdaq composite added 0.8%. Amazon rallied after delivering a stronger profit for the latest quarter than analysts expected. Treasury yields pushed higher after initially falling following the jobs report, which was distorted by some unusual occurrences.… Continue Reading