U.S. stocks tumbled Friday after government employment data showed more than half a million jobs were added in January — throwing a wrench in hopes for a pause on rate increases — while subpar earnings results from Big Tech giants weighed on investor sentiment.
Amazon's (NASDAQ: AMZN) cloud-computing business is a monster. Amazon Web Services (AWS) scoops up around one-third of global spending on infrastructure-as-a-service and platform-as-a-service, and it's become a mission critical provider to many of its customers. Free from managing their own servers, AWS customers can scale their infrastructure quickly and painlessly.
When shoppers arrived at the opening of Amazon’s first Fresh store in the UK to try its “just walk out” technology in early 2021, many found there was already a wait to just get in.