Amazon To Expand Drone Delivery Service To Nearly 500 Cities

Retailers like Amazon (AMZN), Target (TGT), Walmart (WMT), Home Depot (HD), and Lowe's (LOW) received tariff refunds totaling over $100 billion. Walmart plans to use its $2.9 billion refund to lower prices, while Target used its $994 million to boost margins. Amazon received $600 million and will issue refunds to some customers and lower prices. Home Depot offset costs with its $730 million refund, and Lowe's is considering options for its $80 million refund. The Supreme Court's ruling led to th

Amazon Web Services (AWS) launched a $1 billion initiative to deploy AI specialists within businesses, aiming to reduce AI system deployment time from months to days. The Forward Deployed Engineering (FDE) team will collaborate with clients to build and manage AI systems, focusing on business outcomes. AWS has already partnered with organizations like the NFL, Cox Automotive, and the NBA, according to the company. The initiative builds on AWS's existing AI work, targeting regulated industries an

Amazon plans to expand its Prime Air drone delivery service to 500 U.S. cities by 2026, while Uber partners with Zipline for 1 million daily drone deliveries by 2029. DoorDash and Walmart also scale up drone delivery services, aiming to reach millions of customers. Companies face regulatory and technical challenges but are investing heavily in the technology.

Globalstar (GSAT) shares rose 15% after reports of Amazon (AMZN) considering an acquisition, potentially accelerating its broadband network against SpaceX's Starlink. Amazon has signed airline deals for in-flight Wi-Fi. A final agreement is not yet reached, and talks may change or fail. Apple holds a 20% stake in Globalstar, influencing any takeover. The FCC is set to vote on spectrum-power limit revisions that could boost satellite broadband capacity.

Amazon raised prices on Echo, Fire TV, Kindle, and eero products, citing increased memory and storage costs. Prices for items like the Echo Dot and Kindle Paperwhite increased by up to $50. Amazon aims to maintain accessible prices and will offer promotions. The company expects $220 billion in capital expenditures this year, up from $200 billion, due to higher memory costs. AWS reported $42.2 billion in Q2 revenue, a 37% increase year-over-year.

Rosenblatt initiated coverage on Amazon (AMZN) with a Buy rating and $335 price target, citing underappreciated AI positioning. Analyst Scott Devitt expects AWS to grow 45% by 2026, outpacing estimates, and reach $335B in annual revenue by 2028. AMZN shares fell 1.24% to $262.55 on Thursday, despite the bullish outlook.