Skip to main content

Featured

Futures Steady as Tech Selloff Eases; Amazon Drops on AI Spending Surge

U.S. stock futures held steady in early premarket trading after a sharp tech-led decline earlier in the week, giving investors a moment to reassess the sector’s rapid pullback. Major index futures hovered near flat, suggesting a more measured tone after days of volatility. While sentiment remains cautious, some traders appear to be stepping back in following the recent selloff in high‑growth names. Amazon shares slipped in premarket action after the company signaled a significant increase in capital expenditures tied to artificial intelligence infrastructure. The planned investment highlights Amazon’s push to expand its AI capabilities, but the scale of spending raised concerns about near‑term pressure on margins. Market attention now turns to upcoming economic data and corporate earnings, which could help determine whether tech stocks regain momentum or continue to face headwinds. For the moment, futures point to a steadier start as investors look for the next catalyst.
Post a Comment
Read more

article

Labels

Amazon's Union Efforts in Quebec Meet Resistance

 


In a surprising turn of events, Amazon has announced the closure of all seven of its warehouses in Quebec, resulting in nearly 2,000 job losses. This decision comes just months after workers at a warehouse in Laval successfully unionized, marking the first unionized Amazon workforce in Canada. Despite Amazon's insistence that the closures are unrelated to the unionization efforts, many are skeptical, viewing this move as a direct attempt to quash the union push.

The closures have sparked outrage among workers and union leaders, who argue that Amazon is trying to send a message to other employees considering unionization. Quebec's Labour Minister has vowed to ensure that Amazon respects all labour laws, while federal officials are calling for a review of Ottawa's business relationship with the company.

As the debate continues, the future of unionization efforts at Amazon remains uncertain. What is clear, however, is that the fight for workers' rights in Quebec is far from over.



Labels:

Comments

Post a Comment