Berkshire Hathaway exited its Walmart position in 2018 over fears of an e-commerce threat. Walmart has thrived since then, widening its e-commerce position and outperforming Amazon stock. The company’s status as the largest global retailer gives it stability and leverage under pressure. 10 stocks we like better than Walmart › Lots of ink has already
But what do we actually get for the money? Just data centres. If I was making a list of things Australia should be doing with concrete and air-conditioning, it would not include making data centres. What we need desperately, what we are horribly short of, is homes. House prices are zooming up, and not just
Jackie Bezos, who has died aged 78, helped to launch her son Jeff on the path to becoming a multi-billionaire by providing an initial investment of $245,000 to create the online retailer Amazon. In 1995 Jeff Bezos, then a 30-year-old engineer and computer scientist, came up with the idea of an online bookselling site and
(Photo by Sean Gallup/Getty Images) Getty Images Here are five things in tech that happened this week and how they affect your business. Did you miss them? This Week in Business Technology News Business Technology News #1 – PayPal opens bitcoin and crypto payments to US merchants. PayPal has launched a new feature called “Pay
OpenAI CEO Sam Altman arrives at the Sun Valley Lodge for the 2025 Allen & Co. Sun Valley Conference on July 8, 2025. Photo Kevin Dietsch/Getty Images The annual Allen & Company conference, often dubbed the “summer camp for billionaires,” is underway in the resort town of Sun Valley, Idaho. Over the next few days,
Retailers like Amazon and Walmart pay fees to credit card companies every time a customer uses their Visa or Mastercard. And it’s no secret that retailers are not happy with that chunk of change that gets siphoned off. But thanks to the emergence of digital money, these retailers are reportedly itching to get away from
Per its most recent 13F filing, Amazon just initiated a position in Advanced Micro Devices. AMD is fast emerging as a real competitive force against Nvidia in the world of AI-powered GPUs. Amazon joins Oracle, Meta Platforms, and Microsoft as Nvidia customers that are turning toward AMD. 10 stocks we like better than Advanced Micro
Amazon’s cloud computing division Amazon Web Services (AWS) will invest four billion US dollars to build its first data centers and other cloud infrastructures in Chile. This was announced by the South America Director of AWS, Juan Pablo Estévez, to the news agency Reuters. The new facilities, which will provide “significant” computing power for services
Let’s go back to the beginning of the year here for a moment. (I hear you and your 401(k) eagerly nodding yes.) Back then, all the big tech companies, including Meta, Amazon, Alphabet and Microsoft, were still planning on spending unfathomable gobs of money on artificial intelligence, and specifically unfathomable gobs of money on AI