Amazon, Wall Street
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Customers in select markets can return items weighing 1 to 15 pounds through doorstep return pickup handled by USPS.
Amazon.com Inc. posted robust cloud growth that reassured investors that the tens of billions of dollars the company and its peers are pouring into artificial intelligence will pay off.
U.S. stocks were rising Friday afternoon, as shares of Amazon surged following its quarterly earnings results. The Dow, S&P 500 and Nasdaq were on pace to wrap up October with monthly gains despite the government shutdown.
The market is finally remembering that Amazon is part of the Magnificent 7. Following a blowout earnings report, the stock climbed more than 14 percent after hours to surpass the year-to-date gains of Apple and Meta, leapfrogging both names for the first time in months.
Investors cheered the tech giant’s latest results showing that its huge investments in artificial intelligence are beginning to show returns.
"We're going to promote based on AI," said Amazon VP Jamie Simonoff. "We're going to promote based on how you're integrating AI into your job."
15hon MSN
‘Big Beautiful’ tax benefit: Amazon and other tech giants reap the rewards of new law, for now
Amazon’s cash tax payments fell 45% in the third quarter, driven largely by the One Big Beautiful Bill Act of 2025, even as profits surged 38%. The new U.S. law, championed by President Trump, allows companies to immediately deduct equipment and R&D costs — boosting investment in AI infrastructure while cutting near-term tax bills.
The recalls range from children’s bed rails to mattresses and furniture that pose hazards such as fire risks and tip-over dangers.
Amazon stock has climbed less than half the benchmark S&P 500 over the past five years.