Sign In
Free Newsletter
Amazon shares slide as $200 billion outlay fans fears over AI returns
Amazon stock fell after unveiling a $200 billion AI capex plan, raising investor fears and questions about Big Tech returns.
Amazon to close five Virginia stores, cut nearly 700 jobs
Amazon plans to close five Amazon Fresh stores in Northern Virginia, laying off about 700 workers beginning April 27.
Heavy earnings week, jobs data to test US stocks after Microsoft swoon
Another huge batch of corporate earnings including from megacaps Alphabet and Amazon will test the U.S. stock market in the coming week after a disappointing report from heavyweight Microsoft weighed on equity indexes.
Amazon axes 16,000 jobs as it pushes AI and efficiency
Amazon confirmed 16,000 corporate job cuts, bringing total layoffs to 30,000, as CEO Andy Jassy pushes to reduce bureaucracy.
Amazon to close Fresh, Go stores, expand Whole Foods
Amazon will close Amazon Fresh and Go stores, convert some to Whole Foods, and accelerate grocery delivery expansion.
Amazon plans thousands more corporate job cuts next week
Amazon plans another round of corporate job cuts next week as it moves toward eliminating about 30,000 roles companywide.
Top Five: January 2026
1 | University board fight ends; Spanberger to fill 22 seats The legal battle between Gov. Glenn Youngkin and state Senate Democrats over university boards of visitors ended as both sides acknowledged the matter would be made moot by the new General Assembly session and change in gubernatorial administrations. (Dec. 9) 2 | SAIC shakes […]
Philanthropist MacKenzie Scott gave $7.1 billion to nonprofits in 2025, a major increase
NEW YORK (AP) — The author and philanthropist MacKenzie Scott revealed $7.1 billion in donations to nonprofits in 2025 Tuesday, marking a significant increase in her annual giving from recent years. Writing in an essay on her website, Scott said, “This dollar total will likely be reported in the news, but any dollar amount is […]
FOR THE RECORD December 2025
Central Virginia Pharmaceutical giants AstraZeneca, Eli Lilly & Co. and Merck & Co. have committed a cumulative $120 million to develop a workforce training center for advanced pharmaceutical manufacturing in Central Virginia. The companies, each of which plans to build major manufacturing facilities in Virginia; the state government, including Virginia Innovation Partnership Corp.; and [...]
Layoffs are piling up, raising worker anxiety. Here are some companies that have cut jobs recently
A stalled “no-hire, no-fire” economy and rising costs have driven major companies from HP to Amazon to announce large layoffs, deepening worker anxiety.
Amazon to invest $50B to expand federal AI, computing capacity
Amazon plans to invest up to $50 billion to expand artificial intelligence and supercomputing capacity for its U.S. government cloud customers.
Penzance breaks ground on new AWS data center in Chantilly
Penzance has begun building a 45MW data center in Chantilly that will be fully leased and operated by AWS, with completion expected in 2027.
