Amazon shares tumble as $200bn AI rollout plan worries markets – business live

Amazon’s shares are tumbling in early trading, though, as investors balk at its plans for an artificial intelligence spending blitz.Amazon’s shares have dropped by over 9%, a day after it announced plans to spend $200bn on artificial intelligence and robotics this year.Amazon’s CEO Andy Jassy sounded bullish last night, declaring:“With such strong demand for our existing offerings and seminal opportunities like AI, chips, robotics, and low earth orbit satellites, we expect to invest about $200 billion in capital expenditures across Amazon in 2026, and anticipate strong long-term return on invested capital.”But as flagged earlier (9.59am), investors fear companies are wasting their money, given the hundreds of billions of dollars being committed to AI rollout this year

Stellantis takes €22bn hit after ‘overestimating’ pace of shift to EVs

The carmaker Stellantis has said it will take a €22bn (£19.1bn) charge and sell a stake in its battery joint venture after admitting that it “overestimated” the pace of the shift to electric vehicles.Shares in the European-based carmaker, which owns marques including Peugeot, Fiat, Jeep and Citroën, plunged after it said that the move was part of a reset of its business as it also admitted “poor operational execution”.Antonio Filosa, the chief executive of Stellantis, said: “The charges announced today largely reflect the cost of overestimating the pace of the energy transition that distanced us from many car buyers’ real-world needs, means and desires.“They also reflect the impact of previous poor operational execution, the effects of which are being progressively addressed by our new team

Tell us: how have you been affected by falling cryptocurrency prices?

Bitcoin sank to its lowest value in more than a year this week, faling to $63,000 on Thursday, about half its all-time peak of $126,000 in October 2025It’s part of a wider shock to crypto prices. The second-largest cryptocurrency, ether, has faced losses of more than 30% this year alone.The months-long dip in cryptocurrency prices has tanked shares of companies that have increasingly invested in bitcoin, exacerbating broader stock market jitters. CoinGecko data shows that the global crypto market has lost $2tn in value since early October. Meanwhile, gold has soared in value as investors seek safe haven assets

Hail our new robot overlords! Amazon warehouse tour offers glimpse of future

At its new Stone Mountain, Georgia, facility, Roomba-like robots shuffle between stacks, another adds shipping labels while another arranges packages in palletsOne of the reasons Amazon is spending billions on robots? They don’t need bathroom breaks. Arriving a few minutes early to the public tour of Amazon’s hi-tech Stone Mountain, Georgia, warehouse, my request to visit the restroom was met with a resounding no from the security guard in the main lobby.Between the main doors and the entrance security gate, I paced and paced after being told I would have to wait for the tour guide to collect me and other guests for a tour of the 640,000-sq-ft, four-story warehouse.Amazon offers tours to the public at 28 of its 1,200 US warehouses – a recruiting and public-relations tool to boost brand trust and address criticisms of poor working conditions. It was something to consider as I wound up having to go in the parking lot, propping open my rental car door for privacy

Chock and Bates power US team to open Olympic figure skating

The United States seized early control of the Olympic figure skating team event after Friday’s opening day on the southern outskirts of Milan, powered by a world’s best score this season from Madison Chock and Evan Bates.The three-time world champions, together on skates since 2011 and married since 2024, set the marker with 91.06 points for their program to music by The Guess Who and Lenny Kravitz, earning the maximum 10 points for an American team entering the Winter Games on a tailwind of hype. Chock and Bates, nearly unbeatable since finishing fourth in the individual ice dance event at the Beijing Games four years ago, skated with the precision and polish that have defined their rise to the top of the sport.“We definitely skated great,” Bates said

Winter Olympics 2026: Anti-ICE protests before opening ceremony, Vonn completes training run – live

That is all from me for today. Tanya Aldred is here to recap the day's events and take you through the opening ceremony.Ice hockey: Tereza Plosova adds one more for Czech Republic and they leads Switzerland 3-1.Opening ceremony: The ice hockey game between Czeck Republic and Switzerland will be the day’s final bit of action. Then all eyes will turn to the opening ceremony