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 MoreThe Burst
Alphabet’s Comeback Wasn’t Luck, But Classic Mispricing
The speed of Alphabet’s reversal has surprised many investors, but the more interesting story is how such a dominant business ever became that cheap in the first place, and why the momentum it regained isn’t likely to stall heading into 2026.
Key Points
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Alphabet’s rally stemmed from deep mispricing,
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Read MoreThe Ivy
Is Buffett’s Biggest Bet On Sale?
Over the past 12 months, Berkshire shares have gained just under 6% less than the S&P 500.
With Warren Buffett preparing to step down as CEO at year end, investors are reassessing what Berkshire looks like in its next chapter and whether the stock offers value at today’s price.
Key Points
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Berkshire trades at reasonable levels but not at prices that signal clear undervaluation,
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Read MoreThe Spotlight
Is Micron the Smartest Way to Ride the AI Chip Boom?
Micron Technology has been one of the biggest winners of 2025 so far. The stock has rocketed by almost 3x year to date, as investors wake up to the fact that memory chips, once seen as boring, cyclical commodities, are now an indispensable backbone of the AI revolution.
The chipmaker’s DRAM and NAND memory chips are quietly powering the world’s largest data centers,
» Read more about: Is Micron the Smartest Way to Ride the AI Chip Boom? »