Tag: Amazon

Enterprise, Industries

Amazon posts strong profits but warnings over slowdown sparks dip in share gains

April 28, 2023

Via: Sky News

The company reported a nine per cent hike in revenue compared to last year. But an early uplift in the tech giant’s stocks took a dip after chief financial officer Brian Olsavsky said cloud customers were seeking to cut their […]

Finance Tech, Industries, Mobile Banking & Payments, Others

Apple and Amazon beat expectations but still see profits slip as inflation bites

July 29, 2022

Via: Sky News

Tech giants Apple and Amazon saw dips in profits but still defied expectations as the US economy teeters on the edge of a recession. The results came after the iPhone maker warned that its revenue would be depressed amid supply […]

Industries, Retail & Wholesale

Amazon shares plunge as it frets over rising costs and lower demand as COVID eases

April 28, 2022

Via: Sky News

The company’s first quarter results included its first quarterly loss since 2015 though the $3.8bn sum was blamed on a $7.6bn writedown in the value of its investment in electric vehicle start-up Rivian. However, the red ink was overshadowed by […]

Industries, News, Retail & Wholesale

Amazon will soon stop accepting UK Visa credit cards

November 17, 2021

Via: TechRadar

UK shoppers will soon no longer be able to use their Visa-issued credit cards to pay for purchases on Amazon. The ecommerce giant has said it will stop accepting Visa credit cards within the next few months as it looks […]

Industries, Retail & Wholesale

Amazon is offering up to $3,000 in signing bonuses as it tries to hire 150,000 seasonal workers. Here’s where the jobs are concentrated.

October 19, 2021

Via: Markets Insider

Amazon is making a big push for hiring to prepare for a particularly chaotic holiday shopping season. The e-commerce giant announced on Monday that it is hiring for 150,000 seasonal roles across the US. “Our seasonal hiring helps us deliver […]

Financial Services, Industries, Retail & Wholesale

Walmart, With Eyes on Amazon, Tries to Build a Fintech Startup

October 15, 2021

Via: The Wall Street Journal

Walmart Inc. is building a new weapon in its war with Inc. : a fintech startup. The retail giant is helping launch a new company, helmed by two former Goldman Sachs Group Inc. executives, that aims to provide financial […]


Nearly 400 Google and Amazon employees called for the companies to end a $1.2 billion contract with the Israeli military

October 13, 2021

Via: Markets Insider

Hundreds of Google and Amazon employees signed an open letter published in The Guardian on Tuesday condemning Project Nimbus, a $1.2 billion contract signed by the two companies to sell cloud services to the Israeli military and government. “This technology […]

Education, Industries, Retail & Wholesale

Amazon offers to pay college fees for 750,000 workers in battle for staff

September 10, 2021

Via: Sky News

The internet shopping giant plans to spend in the region of $1.2bn (£870m) over the next four years on the education and skills initiative for its US employees, including those who pack and ship online orders at its warehouses. The […]

Industries, Retail & Wholesale

Why Is Everything More Expensive Right Now? Let This Stuffed Giraffe Explain

August 17, 2021

Via: Time

Jani, a 4-foot plush giraffe, arrived on my doorstep in mid-July, her neck bent backwards so that she could fit in the FedEx box, her brown eyes glassy, as if still finding her bearings after a long journey at sea. […]

Industries, Retail & Wholesale

EBay drops more than 10% after giving light earnings guidance

April 29, 2021


Shares of eBay slumped more than 10% on Thursday after the company reported an earnings outlook for the current quarter that fell short of Wall Street’s estimates. EBay said Wednesday afternoon that it expects 91 cents to 96 cents in […]

Finance Tech, Trading

Stocks are off to a mixed start on Wall Street; yields rise

February 24, 2021

Via: ABC News

BANGKOK — Major indexes are off to a mixed start on Wall Street as gains for banks and industrial companies are offset by losses in Big Tech stocks like Apple and Amazon. The S&P 500 was down 0.2% in the […]

Industries, Retail & Wholesale

Amazon Sellers Cash In With $4.8 Billion Holiday Sales Worldwide

December 1, 2020


Amazon merchants rang up over $4.8 billion in global sales Black Friday through Cyber Monday, a 60 percent increase over 2019 sales for the same period. More than 71,000 independent small- and medium-sized businesses worldwide have surpassed $100,000 in sales […]

Capital, Finance Tech

Jeff Bezos is now personally worth more than the market valuation of Exxon, Nike, and McDonald’s

July 21, 2020

Via: Fortune

Jeff Bezos added $13 billion to his net worth on Monday, the largest single-day jump for an individual since the Bloomberg Billionaires Index was created in 2012. Inc. shares surged 7.9%, the most since December 2018 on rising optimism […]

Industries, Retail & Wholesale

Amazon drops online retailer Boohoo’s products amid allegations of poor working conditions and no COVID-19 protection

July 8, 2020

Via: Market Watch

Shares in Boohoo slumped by more than 16% on Wednesday amid continued backlash against the fashion company over allegations of poor conditions for workers and little protection from COVID-19, and as became the latest online retailer to remove the […]

Capital, Finance Tech

Jeff Bezos’s net worth hits a new high after recovering losses from divorce

July 2, 2020

Via: Fortune

Jeff Bezos’s net worth has smashed through its previous peak, even after he relinquished a quarter of his stake in Inc. as part of a divorce settlement last year. Shares of the Seattle-based retailer surged 4.4% to a record […]

Industries, Retail & Wholesale

Amazon dominates e-commerce during the pandemic—but Walmart is catching up

June 26, 2020

Via: Fortune

The pandemic, and Americans’ turn to e-commerce during it, have hastened the death of brick-and-mortar. J. Crew, Neiman Marcus, JCPenney, and Pier 1 Imports have all announced their file for bankruptcy since the onset of the virus. E-commerce isn’t just […]


Companies are rolling back ‘hazard pay’ for essential workers—even as risks remain

May 14, 2020

Via: Fortune

The hazard pay is disappearing. The hazard is not. Some essential employees across the U.S. have received bonuses or pay bumps to compensate for the risk that comes with clocking in at supermarkets, hospitals and other crowded workplaces during a […]

Industries, Retail & Wholesale

Amazon ‘out-of-stocks’ rise and deliveries taking longer due to coronavirus-related demand

March 17, 2020

Via: Market Watch Inc. says shoppers should expect more “out-of-stocks” on household staples and longer delivery times due to heightened demand during the coronavirus outbreak. The company warns that some deliveries will exceed the usual Prime member promise of one-day delivery. For […]

Industries, News, Retail & Wholesale

Coronavirus price gouging: Face mask prices increased 166% on Amazon, report finds

March 11, 2020


The fast-spreading coronavirus has pushed up prices on hand sanitizer and surgical face masks by at least 50% on Amazon. Consumers are paying the price. According to a report by the U.S. Public Interest Research Group released Wednesday, the sky-high […]

Industries, Retail & Wholesale

Medical mask prices surge on Amazon after CDC comments on coronavirus in the U.S.

February 26, 2020


Hygienic masks designed to stop the spread of illnesses like coronavirus are swelling in price online after the Centers for Disease Control and Prevention warned that the respiratory illness could create severe disruptions in the U.S. The U.S. government said […]