Amazon Stock Jumps in Pre-Market as Company Announces 16,000 Job Cuts
Amazon (NASDAQ:AMZN) stock moved in pre-market trading Wednesday morning after the company announced it will cut 16,000 jobs globally. This marks the company’s second major layoff round in three months, bringing total planned corporate reductions to approximately 30,000 roles.
The cuts come as Amazon aggressively expands its artificial intelligence infrastructure while shuttering underperforming retail experiments.
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Read MoreStock Market Today, Jan. 28: Intel Surges After Reports of Nvidia and Apple Foundry Partnerships
Today, Jan. 28, 2026, investors are weighing fresh foundry talks, insider buying, and AI optimism against Intel’s recent losses.
Today’s Change
(11.06%) $4.86
Current Price
$48.79
Key Data Points
Market Cap
$219B
Day’s Range
$46.32 –
Federal Reserve keeps interest rates unchanged even as Trump insists they be lowered
The Federal Reserve pushed the pause button on its interest rate cuts Wednesday, leaving its key rate unchanged at about 3.6% after lowering it three times last year.
Chair Jerome Powell said at a news conference that the economy’s outlook “has clearly improved since the last meeting” in December, a development that should boost hiring over time.
Read MoreHere's How Much Traders Expect Tesla Stock to Move After Earnings
Key Takeaways
- Tesla is slated to post its fourth-quarter results after the closing bell today, with revenue and profits expected to decline year-over-year.
- Options pricing suggests traders expect Tesla’s stock could move about 5% in either direction by the end of the week.
Tesla is set to report its latest financial results after the market closes today,
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Read MoreNancy Pelosi Is Giving Nvidia Another Go as She Buys NVDA Stock. Should You Follow the Congresswoman and Buy Nvidia Too?
Nancy Pelosi, representative for California’s 11th District and former Speaker of the House, is still one of the most influential voices in the Democratic Party. She’s also a very successful investor. Recently, she has loosened her purse strings to make some new notable stock purchases. This includes tech titans such as Apple (AAPL) and Alphabet (GOOG) (GOOGL).
Read MoreThe Burst
Where Is Tesla Headed Next Year?
Tesla has rarely struggled for attention, but in 2025 it quietly fell behind. Over the past year, Tesla returned roughly 13%, trailing the S&P 500 and lagging most of its “Magnificent Seven” peers, a surprising outcome for a stock long viewed as a market leader. As 2026 approaches, the question isn’t whether Tesla has upside potential,
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Read MoreThe Ivy
Broadcom Isn’t Cheap But Will It Still Power Higher?
Broadcom has quietly become one of the biggest winners of the AI boom. Shares have soared over the past two years as demand for AI infrastructure exploded, and even after a recent pullback of more than 5% from November highs, the stock is still up over 50% this year.
That short-term dip raises an obvious question: Is Broadcom finally offering a better entry point,
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Read MoreThe Spotlight
Nvidia Just Proved the AI Boom Isn’t Slowing
For months, skeptics have suggested that AI spending was leveling out. Nvidia’s numbers told a very different story. The company reported $57 billion in revenue, a 62.5% jump over the prior year and a 22% increase from the previous quarter.
Profitability soared alongside it, with adjusted EPS climbing 60% and margins reaching an impressive 73.4%.
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