• Amazon Prime US customer numbers jump 8% to 180 million, an all-time high

    The latest Amazon Prime numbers come from Consumer Intelligence Research Partners (CIRP), which has been tracking memberships since 2014. The report notes that growth slowed down in the US before Covid after years of impressive figures. It remained flat in the post-pandemic period before picking up over the last 12 months.Read Entire Article

  • Bank of China provides US$80 million loan for ACWA Power solar-plus-storage project in Uzbekistan

    The Bank of China has supplied ACWA Power with a US$80 million equity bridge loan for the latter’s Tashkent solar-plus-storage portfolio.

  • US reforms grid permitting, invests US$331 million in Western transmission line

    The US Department of Energy (DOE) has established a new programme to “significantly improve” permitting and environmental processes for electricity transmission projects.

  • Highland Materials secures US$255.6 million 48C tax credit to build polysilicon plant in the US

    Polysilicon manufacturer Highland Materials has secured US$255.6 million in 48C tax credits to build a polysilicon plant in the US.

  • Amazon drone delivery expands in the US

    Amazon today announced that its Prime Air drone delivery program will soon launch in the West Valley region of Phoenix, Arizona.

  • Amazon triples quarterly profit as cloud surges

    Ecommerce titan Amazon on Tuesday said profit in the first three months of 2024 tripled as its cloud, ads, and retail businesses thrived.Amazon shares were up about one percent in after-market trades that followed release of the earnings figures, with Wall Street keeping a close eye on the impact of AI as well as costs involved. It was a good start to the year across the business, Amazon chief executive Andy Jassy said in an earnings release.The Seattle-based company reported $10.4 billion in...

  • Amazon earnings: All eyes on cloud growth for AWS?

    Amazon (AMZN) will report its first quarter earnings alongside other tech giants like Apple (AAPL) this week. Creative Strategies CEO and Principal Analyst Ben Bajarin joins Market Domination to discuss Amazon's upcoming earnings and why investors should pay attention to how Amazon Web Services performs. On what to expect with AWS, Bajarin states: "Everybody is going to be looking at cloud growth for AWS. Right now, it's super trendy to talk about CapEx, everyone wants to see what the...

    • CNBC

    Amazon's cloud margin widens on accelerating revenue growth

    Amazon Web Services delivered 17% revenue growth in the first quarter,

  • Traders scramble for US storage as distillates demand disappoints

    Traders are rushing to fill up storage tanks along the U.S. East Coast with distillate fuels, like diesel and heating oil, data from storage broker The Tank Tiger showed on Monday, a sign of deepening oversupply that is weighing on refiners' profits. Largely warmer-than-expected winter weather in U.S. Northeast and Europe has cut distillates demand and hit refiners' margins across the globe in recent months, a factor that drove softer first-quarter earnings by oil majors and top independent...

  • US To Spend $320 Million Constructing Gaza Pier

    The US military’s estimate of the cost to construct a pier on the coast of Gaza has risen to $320 million, Reuters reported on Monday. The estimate is double what the military initially expected the project to cost. The construction has already begun and involves 1,000 US troops operating just off the coast of Gaza, … Continue reading "US To Spend $320 Million Constructing Gaza Pier"

  • US Military's Pier in Gaza to Cost $320 Million

    WASHINGTON, April 29 (Reuters) – The U.S. military’s cost estimate to build a pier off Gaza to deliver humanitarian aid has risen to $320 million, a U.S. defense official and a source familiar with

  • US University students in the millions are demanding freedom in Palestine

    Steven Sahiounie, journalist and political commentator The students in America and Canada have a war to stop, and they are determined to protest the Israeli war on Gaza. The US and Canadian government’s undying support for the genocide in Gaza has brought them under massive protests across university and college campuses, and the students are […]