Amazon has agreed to invest up to $25 billion in Anthropic, on top of the $8 billion that it's poured into the artificial intelligence startup in recent years. As part of the announcement, Anthropic said it's committed to spend more than $100 billion on Amazon Web Services technologies over the next 10 years.

California's attorney general released a set of new, unredacted documents in its 2022 antitrust lawsuit against Amazon. The documents detail internal communications between Amazon and major vendors, where it allegedly coerced them into convincing rival retailers like Walmart, Target and Home Depot to raise prices.

Walmart has the edge in delivery speed for daily essentials, while Amazon has the larger selection. Lately, both giants have been borrowing key strategies from one another.

Amazon (AMZN, Financials) is heading into earnings with a bit more confidence from Wall Street, as analysts raise expectations for its cloud business.Bank of Am

Amazon.com Inc (NASDAQ:AMZN) will report its first quarter earnings on April 29, with Bank of America analysts expecting results to be driven by continued strength in both its retail and cloud computing businesses, alongside growing contributions from artificial intelligence-related demand. According to the analysts, Amazon is expected to report revenue of approximately $178.4 billion and operating income of $21.4 billion for the quarter, both modestly above Wall Street consensus estimates of $177.1 billion and $20.7 billion, respectively.

The state claimed the e-commerce giant pressured brands like Levi's and Hanes to ask competing retailers to raise prices on certain products.

Post raised its first-quarter estimates for revenue to $178.4 billion and operating income to $21.4 billion, above the Street consensus of $177.1 billion and $20.7 billion, respectively.

Amazon (NASDAQ:AMZN | AMZN Price Prediction) stock is heading into its April 29 Q1 earnings report with fresh momentum from two major Wall Street endorsements.