Amazon plans to build 1,000 same-day fulfillment centers, aiming by 2031 to place inventory within a 10-mile radius of 80% of U.S. Prime members. The push is designed to challenge Walmart’s advantage in fast delivery. Capital spending is estimated at about $48.4 million per facility, and the network is projected to handle 28% of Amazon’s orders by 2029. Internal projections also anticipate the share reaching 50% by 2035.

Oracle’s chief financial officer told employees at a companywide meeting that “doing more with less” is not the solution, after the company launched a new round of layoffs. In fiscal 2026 ended May 31, headcount fell by 21,000, or 13%. Oracle said first-quarter capital expenditures rose to $28.5 billion from $8.5 billion a year earlier. It also kept its fiscal 2027 capital spending forecast at $90 billion to $95 billion.

Several automakers say they plan to introduce extended-range electric vehicles (EREVs) by the end of 2028, including Hyundai, Genesis, Ram, Jeep, Ford, and Volkswagen-backed Scout Motors. Ram’s 1500 REV is expected to arrive in early 2027 with more than 600 miles of range and an expected price of $60,000 to $100,000. Plug-in hybrids accounted for 1.4% of US vehicle sales in the second quarter of 2026, down from the year-earlier period, according to the Energy Information Administration. Stellantis has announced a $26 billion writedown while discontinuing its plug-in hybrid lineup, and Detroit’s Big Three no longer sell a traditional plug-in hybrid in the US.

Morgan Stanley plans to invest just over $587 million in a permanent office building in Dallas, with the site expected to house around 3,800 employees by the end of 2035. The bank also committed to hiring Dallas residents for at least 25% of relocated or newly created roles, and it must submit a local recruiting plan by the end of 2027. Goldman Sachs is also investing $500 million in a new Dallas campus that it says will be its largest U.S. workforce outside New York City, with more than 5,000 employees expected to work there. The number of applicants to Goldman Sachs’ Dallas program has risen 52% over the past five years.

Oracle is planning another round of layoffs this month after cutting 21,000 employees, or 13%, in the 2026 fiscal year ended May 31. Over the same period, the company spent $55.7 billion on infrastructure and recorded a $23.7 billion net cash outflow, while raising $48 billion through debt and stock sales. Revenue rose 17% and its cloud infrastructure business grew 77% amid strong demand for AI computing power. Oracle shares are down nearly 26% this year.

Jersey Mike’s priced its IPO at $23 per share, implying a $7.3 billion valuation. The stock fell as much as 10% in its market debut before ending the session 6% lower. The muted start points to a cautious reception for large, mature quick-service restaurant offerings.

Ukraine has carried out long-range drone strikes on at least 10 logistics sites operated by Wildberries, Russia’s largest online retailer, destroying more than 9% of its warehouse space and large volumes of stored goods. Forbes Russia estimated that two attacks alone caused merchants at least $1.87 billion in merchandise losses. Wildberries’ parent group RWB reported about $73 billion in gross merchandise value last year and posted a net profit of $2.1 billion in 2025. The strikes represent tactical infrastructure attacks linked to the war and do not target global-market pillars such as energy, finance or shipping, nor do they have a direct transmission channel to the listed tradfi assets (SUS, Amazon, ONUS, COST, BE).

Microsoft said on its earnings call that it is maintaining its annual capital expenditure guidance, now listed as $175 billion after an accounting change, with spending focused on AI data center buildouts. Alphabet recently raised its capex projection by $15 billion, and Meta lifted the midpoint of its range by $2.5 billion. Google, Amazon, Microsoft, and Meta have outlined plans to spend more than $700 billion this year largely on AI data centers. Soaring memory prices can explain about 45% of this year’s capex growth at big cloud companies, earlier research found.

Apple shares rose 2%, lifting its market value to roughly $5 trillion, while Nvidia fell 5% to about $4.77 trillion, flipping their positions atop the global rankings. The move came as AI-hardware stocks remained under pressure, with the iShares Semiconductor ETF down 14% over the past month and the Roundhill Memory ETF tumbling 29%. The article also cites talks involving Nvidia and OpenAI over $250 billion in data-center financing, feeding investor concerns about overheated AI capital spending.