The Department of Defense announced Tuesday it’s calling off the $10 billion cloud contract that was the subject of a legal battle involving Amazon and Microsoft. But it’s also announcing a new contract and soliciting proposals from both cloud service providers where both will likely clinch a reward. The JEDI, or Joint Enterprise Defense Infrastructure, […] Read more
U.S. stock futures tumbled early Friday after some of the technology heavyweights came under pressure following their quarterly reports. Futures on the Dow Jones Industrial Average pointed to an opening drop of about 300 points. S&P 500 futures and Nasdaq 100 also traded in negative territory. Earlier in the session, Dow futures were down more […] Read more
Amazon is being investigated by German authorities for allegedly abusing its market position during the coronavirus pandemic. The investigation, being led by the German Federal Cartel Office, is looking at Amazon’s relationship with third-party sellers on its platform. It began around April and comes after the Cartel Office received a number of complaints. A spokesperson […] Read more
