Amazon Trims Corporate eCommerce Jobs in Latest Downsizing Wave

Amazon Trims Corporate eCommerce Jobs in Latest Downsizing Wave
Amazon Trims Corporate eCommerce Jobs in Latest Downsizing Wave
October 08, 2026  |  Personnel

Amazon cut fewer than 1,000 white-collar jobs in the unit that oversees its main eCommerce website, Reuters reported Wednesday (Oct. 7), citing an unnamed source. The company made...

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Fed Data Shows Tariffs Drove Inflation in 2025
Fed Data Shows Tariffs Drove Inflation in 2025
October 08, 2026  |  Economy

New research shows that the cost of many consumer goods would have declined last year if not for U.S. tariffs. The paper from the Federal Reserve Bank of...

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Amazon Unveils Line of Tablets Powered by Alexa+
Amazon Unveils Line of Tablets Powered by Alexa+
October 08, 2026  |  Artificial Intelligence

Amazon has debuted a line of tablets with its artificial intelligence (AI) system built in. The company’s Alexa Tablets, announced Thursday (Oct. 8), comes with Amazon’s Alexa+ as...

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Starbucks Weighs Takeover Bid for Slumping Chipotle
Starbucks Weighs Takeover Bid for Slumping Chipotle
October 08, 2026  |  Business

Starbucks has worked with advisors on a takeover proposal for Chipotle Mexican Grill, the Financial Times reported Thursday (Oct. 8), citing unnamed sources. The status...

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Walmart Says It Prices ‘Products, Not People’ as Amazon Rolls Out Deals
Walmart Says It Prices ‘Products, Not People’ as Amazon Rolls Out Deals
October 08, 2026  |  Retail

Amazon spent the week telling shoppers how much they could save. Walmart spent part of it explaining why consumers shouldn’t worry about how their prices...

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Clarity Act Sponsor Says SEC, CFTC Crypto Rules Cannot Replace Legislation
Clarity Act Sponsor Says SEC, CFTC Crypto Rules Cannot Replace Legislation
October 08, 2026  |  Cryptocurrency

House Financial Services Committee Chairman French Hill said the Securities and Exchange Commission and Commodity Futures Trading Commission cannot provide the regulatory certainty cryptocurrency markets...

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Coinbase and Samsung Team to Bring Stablecoins to Digital Wallets
Coinbase and Samsung Team to Bring Stablecoins to Digital Wallets
October 08, 2026  |  Cryptocurrency

Coinbase is expanding its partnership with Samsung to power the stablecoin experience in the electronics company’s digital wallet. The new offering, announced Thursday (Oct. 8), extends a collaboration that began last July,...

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AI Agents Wake Up $1.6 Trillion in Sleepy Bank Deposits
AI Agents Wake Up $1.6 Trillion in Sleepy Bank Deposits
October 08, 2026  |  Artificial Intelligence

JPMorgan Chase, Bank of America and Wells Fargo hold about $1.6 trillion in deposits that pay no interest, the Financial Times reported. That money tends...

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Google Cloud Targets Enterprise Market With Universal Agent for Work
Google Cloud Targets Enterprise Market With Universal Agent for Work
October 08, 2026  |  Artificial Intelligence

Google Cloud announced a universal artificial intelligence agent for work called Gemini agent that will be joined by industry-specific agents for financial services, legal, government,...

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