Amazon plans layoffs in HR unit and other divisions, Fortune reports

The CEO of Ramp, a corporate credit card unicorn, shared an intriguing perspective on success: helping customers spend less. In a recent interview with Fortune, Glyman emphasized that aligning the company's goals with customer needs can lead to better outcomes for everyone. This approach not only fosters trust but also positions Ramp as a leader in customer-centric financial solutions, making it a noteworthy strategy in today's competitive market.

AI trading is transforming Wall Street, with the NYSE president, Lynn Martin, revealing that trading activity has tripled in just four years. This surge, amounting to 1.2 trillion messages, highlights the growing influence of technology in finance and suggests a more dynamic market environment. It matters because it reflects how advancements in AI are reshaping trading strategies and could lead to increased efficiency and opportunities for investors.

Mackenzie Scott has made headlines by reducing her stake in Amazon by 42%, which amounts to nearly $13 billion. This move comes as she continues her impressive philanthropic journey, having donated over $19 billion in the last five years, including more than $100 million to diversity, equity, and inclusion (DEI) initiatives recently. Her commitment to these causes highlights the growing trend of billionaires using their wealth to address social issues, making a significant impact on communities in need.

Selena Gomez recently shared valuable business advice she received from her friend Taylor Swift during the Fortune's Most Powerful Women conference in Washington, D.C. Gomez emphasized the importance of surrounding oneself with knowledgeable individuals, highlighting that one should never be the smartest person in the room. This insight not only reflects the strong bond between the two artists but also serves as a reminder of the significance of mentorship and collaboration in achieving success.

Amazon is currently offering oversized hoodies for just $20, allowing shoppers to save $15 on what many are calling their 'new favorite' hoodie. This deal is perfect for those looking to stay warm and cozy without breaking the bank, making it a great opportunity for fashion lovers to upgrade their wardrobe.

Raymond James recently discussed Amazon's current market position, emphasizing that investors are still waiting for clear signs of growth and profitability. This 'show me' story highlights the cautious optimism surrounding Amazon's future, as the company continues to innovate and expand its services. Understanding this perspective is crucial for investors looking to navigate the complexities of the tech giant's performance.

Jeff Bezos, the founder of Amazon, has shared an exciting vision for the future, predicting that by 2045, millions of people will be living in space, with robots commuting on our behalf to the moon. This bold statement not only sparks imagination about life beyond Earth but also highlights the potential advancements in technology and space travel that could redefine our daily lives. As we look towards a future where commuting might involve interplanetary travel, it raises questions about how we will adapt to such changes and what this means for our society.

The estate of neo-soul icon D'Angelo, valued at $1 million, is now the subject of a split among his children. As they navigate the division of their father's fortune, this situation highlights the complexities that often arise in the aftermath of a celebrity's passing. Understanding how such estates are managed can provide insight into the financial legacies left behind by influential artists.

Jamie Dimon, the long-serving CEO of JPMorgan, recently shared his leadership philosophy at Fortune's Most Powerful Women summit, drawing parallels to football legend Tom Brady. Dimon's commitment to giving 100% every day, even after nearly two decades in his role, highlights the importance of dedication and resilience in leadership. This message resonates not only in the corporate world but also inspires individuals across various fields to strive for excellence.

Amazon is reportedly gearing up for another round of layoffs, with over 10,000 employees in its HR division, including recruiters, expected to be significantly affected. This news is concerning as it highlights ongoing challenges within the company and raises questions about job security for many workers. The impact of these cuts could ripple through the job market and affect employee morale.

Mackenzie Scott has significantly reduced her stake in Amazon by 42%, a move that raises eyebrows in the financial world. This decision could reflect her shifting priorities or a strategic financial maneuver, impacting both her philanthropic efforts and Amazon's stock dynamics. As a prominent figure in philanthropy and a former spouse of Jeff Bezos, her actions are closely watched and could influence investor sentiment.

Kamala Harris recently expressed her belief that her presidential run was not the end of her political journey during a talk at Fortune's Most Powerful Women conference in Washington, D.C. She emphasized that the concept of a 'glass cliff' implies finality, which she rejects. This perspective is significant as it highlights her determination to continue influencing politics and advocating for women's leadership, inspiring many to view setbacks as opportunities for growth.

President Trump has signed an executive order aimed at reforming federal hiring practices, which could streamline the process and make it more efficient. This move is significant as it seeks to address long-standing issues within the federal workforce, potentially leading to a more effective government. By simplifying hiring procedures, the administration hopes to attract a diverse pool of talent and improve public service delivery.

U.S. natural gas futures have dipped as traders await the upcoming weekly inventory data, reflecting concerns over mild October weather that has kept prices fluctuating around the $3 mark. This decline is significant as it indicates market uncertainty and could impact energy prices and supply strategies moving forward.

Ionis Pharmaceuticals has reached a significant milestone as its stock hits a 52-week high of 73.85 USD. This achievement reflects the company's strong performance and investor confidence, highlighting its potential in the pharmaceutical industry. Such a rise in stock price can attract more investors and may lead to further advancements in their innovative therapies.

Considering adding an accessory home like a granny flat or tiny home to your property? It's an exciting venture that can enhance your living space and provide additional income or family accommodation. However, before you dive in, it's crucial to ask the right questions to ensure a smooth process. From zoning regulations to design considerations, understanding these factors can help you make informed decisions and maximize the benefits of your new addition.

A US judge has dismissed a lawsuit brought by youth activists who challenged former President Trump's energy policies, which they argued were harmful to the environment and future generations. This ruling is significant as it highlights the ongoing struggle between environmental advocates and government policies, raising concerns about the future of climate action and the role of young voices in shaping policy.

The latest report from the Federal Reserve indicates that US economic activity has remained relatively stable in recent weeks, with employment levels holding steady. This is significant as it suggests that the economy is not experiencing major fluctuations, which can provide a sense of stability for businesses and consumers alike. Understanding these trends is crucial for policymakers and investors as they navigate the economic landscape.