What a day! Apple surprised with a much better quarter than it had projected, lifting revenue in the June quarter 10%, thanks to 13% higher iPhone revenue, the best iPhone quarter in four years.

On an earnings conference call, analysts asked tough questions about cloud growth and AI rivals. Jassy's answers didn't quell the worries.

Investors had big expectations for Amazon, and in particular the company's AWS cloud unit, following strong results from Microsoft (NASDAQ: MSFT). Amazon revenue and earnings were up 13% and 33%, ...

Amazon.com CEO Andy Jassy talked about AI, AWS, Microsoft’s cloud business, tariffs and more on Thursday’s Q2 2025 earnings call.

Amazon is spending a fortune on AI infrastructure and CEO Andy Jassy sees a new way to pay for it with Alexa+.

Amazon has backed a new AI service that is being called the "Netflix of AI", and it's another depressing development in the use of generative AI in the entertainment industry.

DEK CNBC’s MacKenzie Sigalos covers Amazon’s lighter operating income forecast, investor concerns about delayed returns from massive AI and cloud investments, and the competitive pressure AWS faces ...

Jassy also countered the idea that Amazon ( NASDAQ: AMZN) may have fallen behind in the AI arms race.

UnitedHealth Group named Bain Capital executive Wayne DeVeydt as its next CFO, replacing John Rex, who will become strategic advisor to the CEO. The medical products maker raised its earnings outlook ...

Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories.

Microsoft Corp. said it will spend more than $30 billion in the current quarter to build out the data centers powering its ...

Amazon Web Services is aiming to leverage its clout in the cloud for an AI advantage. (GeekWire File Photo) An increase in Amazon Web Services spending ...