AWS Outage Crashes the Internet (And Apple’s iPhone 17 Dominates Early Sales)
A massive AWS outage took down major sites including Disney+, Snapchat, and airline check-in systems for Delta and United, underscoring how dependent the digital economy is on Amazon’s cloud infrastructure. Automakers are gearing up for a pivotal earnings week, with Ford, GM, and Tesla under pressure to prove resilience amid slowing demand and tariff headwinds. Apple’s iPhone 17 is selling 14% faster than its predecessor, signaling a strong rebound in smartphone demand. Paramount Skydance will cut 2,000 jobs to save $2 billion as the newly merged studio looks to stay competitive in a tough media market. Luxury giant Kering is reportedly in talks to sell its beauty division to L’Oréal for $4 billion, refocusing on its core fashion brands. Southwest Airlines is ending its iconic open seating policy, introducing assigned seats after 50 years. Mortgage rates dipped to 6.18% this week, offering a brief break for homebuyers. And gold continues its record-breaking rally, climbing above $4,300 as investors flock to safe-haven assets amid trade tensions and economic uncertainty.
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