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Fewer SKUs and Deeper Discounts Signal a Shift in Retail Pricing StrategyNEW YORK, July 09, 2025 (GLOBE NEWSWIRE) — Impact Analytics, a leading AI-native platform for retail merchandising, planning and pricing optimization, has released its annual Prime Day Analysis, revealing a notable evolution in Amazon’s promotional playbook. Titled “Deeper Discounts, Fewer SKUs: How Amazon Got More with Less,” the report provides data-backed insights into how Amazon strategically reduced promotional breadt

(Bloomberg) — Microsoft Corp. is keen to show employees how much AI is transforming its own workplace, even as the company terminates thousands of personnel. Most Read from BloombergSinger Akon’s Failed Futuristic City in Senegal Ends Up a $1 Billion ResortAre Tourists Ruining Europe? How Locals Are Pushing BackCan Americans Just Stop Building New Highways?Denver City Hall Takes a Page From NASAPhiladelphia Trash Piles Up as Garbage Workers’ Strike Drags OnDuring a presentation this week, Chief

AI tools were helping improve productivity in segments from sales and customer service to software engineering and the company has begun using AI to handle interactions with smaller customers, Microsoft’s Chief Commercial Officer Judson Althoff said during a presentation this week, according to the Bloomberg News report. Microsoft declined to comment when contacted by Reuters. The Windows maker has earmarked $80 billion in capital spending this fiscal year, with most of it aimed at expanding data centers to ease capacity bottlenecks for artificial-intelligence services.

The first day of Amazon’s Prime Day event and competing retail sales that kicked off on Tuesday drove solid online spending compared to a year earlier, according to two data sources. Adobe Digital Insights, which tracks visits to e-commerce sites, reported that U.S. consumers spent $7.9 billion at online stores on Tuesday, a 9.9% increase from the comparable day last year. Retailers offered discounts in the range of 9% to 23%, on par with July 2024 sales events, Adobe said.

The Dow Jones average remained higher Wednesday after the Fed’s June minutes were released. Nvidia set a new high, and hit the $4 trillion mark in valuation.

Energy stocks were lower Wednesday afternoon, with the NYSE Energy Sector Index down 0.4% and the En

SAN FRANCISCO (Reuters) -OpenAI is close to releasing an AI-powered web browser that will challenge Alphabet’s market-dominating Google Chrome, three people familiar with the matter told Reuters. It will give OpenAI more direct access to a cornerstone of Google’s success: user data. If adopted by the 400 million weekly active users of ChatGPT, OpenAI’s browser could put pressure on a key component of rival Google’s ad-money spigot.

US benchmark equity indexes were higher intraday as markets awaited minutes of the Federal Reserve’s

Tech stocks were higher Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.

The tech sector is leading markets higher after Nvidia (NVDA) hits the $4 trillion market capitalization milestone and Microsoft (MSFT) hits a fresh record high. Truist co-chief investment officer and chief market strategist Keith Lerner discusses the latest market moves. To watch more expert insights and analysis on the latest market action, check out more Opening Bid here.

Banks are set to mark the unofficial start to earnings season next week, and the reports come with the major indexes all within striking distance of their highest levels on record. The Nasdaq Composite was up 0.6%. The Dow was up 103 points, or 0.2%.

Jim Cramer touts Amazon as the world’s most inflation-fighting company. Wall Street believes AMZN shares could extend gains further in the second half of 2025.

Amazon founder and world’s third-richest man Jeff Bezos, who was married to fiancée Lauren Sanchez in a star-studded affair late last month, sold an estimated $1.4 billion of Amazon stock between June 27 and July 7, according to regulatory filings.

Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon.com, Nvidia, Meta Platforms and Tesla lived up to their name in 2024 with solid gains. Through the first six months of 2025, however, performance for these mega-cap stocks has been sharply mixed thus far.

Energy stocks were lower Wednesday afternoon, with the NYSE Energy Sector Index down 0.4% and the En

(Bloomberg) — Amazon.com Inc took a big gamble this year by expanding its annual Prime Day summer sale to four days from two, betting the extension would give shoppers more time to navigate the millions of deals on its sprawling web store.Most Read from BloombergSinger Akon’s Failed Futuristic City in Senegal Ends Up a $1 Billion ResortAre Tourists Ruining Europe? How Locals Are Pushing BackCan Americans Just Stop Building New Highways?Denver City Hall Takes a Page From NASAPhiladelphia Trash P