E-commerce giant Amazon says it is suspending work with the firm that operated a cargo plane that was involved in a fatal crash in Miami this month.

“After the tragic incident last weekend, we’ve spent time supporting the investigation and reviewing some of the surrounding circumstances, and we’ve decided to pause our operations with 21 Air,” an Amazon spokesperson said on Sunday.

On 6 September, the 21 Air-operated Boeing jet overshot a runway at Miami International Airport and hit several vehicles, killing five people.

The BBC has contacted 21 Air for comment. The firm previously said it was “devastated by the accident” and that it is cooperating with authorities to investigate the incident.

The US National Transportation Safety Board is leading the investigation into the crash.

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SYDNEY — Shares in Lovisa Holdings Ltd. climbed 4.81% to $22.67 in Monday trading, adding $1.04 as the fashion jewelry retailer rebounded alongside a handful of recently sold-off growth names on a day the broader Australian market clawed back a fraction of last week’s steep losses.

The move came as the S&P/ASX 200 traded modestly higher after logging its worst weekly performance in six months, and Lovisa was among a group of previously beaten-down stocks, alongside technology group Xero and property researcher REA Group, that caught a bid as investors rotated back into names that had fallen hardest in the prior sessions. Market breadth remained relatively narrow even as the benchmark index edged up, suggesting Monday’s gains were concentrated in specific pockets of the market rather than reflecting a broad-based recovery.

Lovisa’s bounce follows a stretch of extreme volatility for the stock over the past year, one that has repeatedly seen shares swing sharply in either direction, sometimes with limited company-specific news to explain the moves. Shares in the Melbourne-based retailer have traded as low as roughly $20 and as high as an all-time peak near $44 over the past 12 months, and the stock remains down sharply from that high despite periodic rallies.

The rebound also comes just ahead of a scheduled ex-dividend date. Lovisa shares are due to trade ex-dividend on September 15, with the payment date set for October 15, giving income-focused investors a near-term reason to hold or add to positions heading into the week.

The company’s underlying operating performance has remained a bright spot even as its share price has whipsawed. Lovisa reported full-year results for fiscal 2026 in late August, posting total revenue of $938.8 million, up 17.6% on the prior year, with comparable-store sales rising 2.0%. Earnings before interest and tax increased 14.1% to $158.2 million, while net profit after tax climbed 10.7% to $95.6 million. Operating cash flow rose 21.0% to $294.5 million, and the company lifted its full-year dividend 11.7% to 86 cents per share.

Global Chief Executive Officer John Cheston struck an upbeat tone on the results at the time, saying: “Lovisa has once again been able to deliver strong global sales and profit growth, with the highlights being continued growth in the Americas and Europe and another exceptional Gross Margin performance.”

The company opened 160 new stores during fiscal 2026, expanding its global footprint to 1,136 locations across more than 50 markets. Europe was the strongest region for new openings, with 76 additional stores, including 34 in the United Kingdom and 20 in Germany. Lovisa also closed 43 underperforming locations and relocated a further 12, continuing a strategy of pruning weaker sites alongside its broader international rollout.

Early trading in the new fiscal year has offered further encouragement. In the first eight weeks of fiscal 2027, Lovisa reported total sales growth of 16.4% on a constant-currency basis, with comparable-store sales up 3.0%, suggesting the momentum from the FY26 result has carried into the current period.

Even so, the stock’s performance has diverged sharply from those underlying numbers at times over the past year. Shares have posted double-digit single-session moves on multiple occasions, including double-digit percentage jumps around results announcements as well as sudden slides tied to broker downgrades and shifting sentiment on the durability of the company’s store rollout strategy. Some analysts have flagged concerns about the quality of newer store locations and questioned whether the pace of global expansion has come at the expense of site selection and per-store economics, while others have pointed to Lovisa’s high gross margins and self-funded growth model as reasons for optimism.

Institutional positioning around the stock has also shifted over the year, with at least one major shareholder trimming its stake earlier in 2026 even as some company insiders added to their holdings during periods of share-price weakness, a split that has left investors divided on how to read the stock’s near-term trajectory.

Monday’s advance places Lovisa among the better performers on the ASX 200 for the session, though traders cautioned that a single day’s bounce, particularly one tied more to broad market positioning than fresh company news, does not necessarily signal a durable change in trend for a stock that has proven prone to sharp reversals. The shares will need to sustain buying interest in the sessions ahead if the current move is to develop into a more meaningful recovery rather than another short-lived swing in a volatile trading range.

For now, attention turns to how the stock performs heading into its ex-dividend date this week, and whether the operational momentum reported at the August results, particularly the strong start to fiscal 2027, continues to be reflected in comparable sales growth as the retailer heads deeper into its next reporting period. With reporting season now largely behind the broader market, Lovisa’s next scheduled update is expected to come with its half-year results, when investors will get a fuller picture of whether the early FY27 sales trends noted by management have held up across a longer stretch of trading.

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Microsoft CEO Satya Nadella said Sunday that the pursuit of superintelligence — AI technology that could surpass humans across virtually every cognitive task — should focus on “helping humanity” and remain under “human control.”

In a post on X, Nadella called for broader AI adoption through what he described as a “frontier ecosystem” where both closed- and open-source AI models can “thrive” across countries, communities and businesses.

“Any pursuit of superintelligence has to be grounded in the core principle that if the AI we build is not helping humanity and under human control, it’s not worth pursuing,” Nadella wrote. “We also need to accelerate and spread the benefits of AI, such that they are diffused broadly across countries, communities, and companies. This requires a frontier ecosystem in which both closed and open-source models can thrive.”

BILL GATES OUTLINES THE STAKES OF THE AI ERA: ‘GREATEST EQUALIZER… OR WORST SOURCE OF INJUSTICE’

Microsoft CEO Satya Nadella said Sunday that the pursuit of superintelligence must remain focused on “helping humanity” while staying under “human control.” (Fabrice COFFRINI / AFP via Getty Images)

He added that organizations should be able to build AI systems using their own data rather than becoming dependent on a single model provider.

“For firms, it’s imperative that they retain full control over their unique and tacit knowledge,” Nadella wrote. “Every organization should be able to build its own continuous learning loop/hill climbing machine, without becoming dependent on any one model provider, and have the ability to embed its own knowledge into models and weights they control.”

Nadella called for a deliberate approach to AI development, saying Microsoft supports concepts such as “embedded evaluators.”

“So, in this context, we welcome the research, focus, and deliberate pacing needed to get alignment right as the design goal,” he said. “We also welcome ideas like ‘embedded evaluators’ and the broader efforts to develop the mechanisms to make this more than just talk.”

NVIDIA, MICROSOFT URGE US TO AVOID BROAD RESTRICTIONS ON OPEN AI MODELS

Nadella also said advanced AI development should not be controlled by a handful of companies. (Craig T Fruchtman/Getty Images)

Nadella also said advanced AI development should not be controlled by a handful of companies.

“The key is that this cannot be controlled by a handful of entities, but must have broad representation across the ecosystem, countries, and fields, including academia,” he said. 

“This is the approach we are taking: broad access and choice at every layer of the AI stack; enterprise control of learning loops and models; and the ‘Code of Conduct’ that underlies our own first party MAI models that we’ll publish tomorrow for public consultation.”

His comments come as debate intensifies over the rapid pace of AI development and the risks posed by increasingly capable systems.

MICROSOFT CEO HAS A WARNING ABOUT THE AI RACE

Anthropic CEO Dario Amodei said that there are “real dangers” associated with AI development. (Anna Moneymaker/Getty Images)

“I won’t lie to you – there are real dangers,” Anthropic CEO Dario Amodei said in an interview with CBS News. “And I think for too long the industry lied to people about the fact that this technology had risks.”

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Last week, former Anthropic researcher Jacob Coxon warned on social media that Anthropic and OpenAI are “gambling with our lives” by pursuing self-improving superintelligence, adding that AI has a greater than 10% chance of “kill[ing] all humans” within “the next decade.”

FOX Business’ Robert McGreevy contributed to this report.