Amazon Stories
After Long Peace, Big Tech Faces US Antitrust Reckoning
After more than a decade of leaving Big Tech largely to itself, US antitrust enforcers have cranked up the heat, with several high-profile cases underway that could radically change the way the industry's giants do business.
From iRobot To Antitrust Battles: Amazon CEO Speaks Out On Regulatory Challenges
Amazon CEO criticizes regulatory obstacles, lamenting the fallout from the failed iRobot acquisition and calling for a more balanced approach.
Amazon's Financial Boom: Will Shareholders Reap The Benefits?
Amazon's surge in free cash flow prompts speculation on potential shifts in its capital-return strategy, as analysts anticipate enhanced shareholder rewards.
Amazon Announces Layoffs In AWS Division, Streamlining Operations Amid Strategic Shift
Amazon's layoffs within its AWS division prompt inquiries into the potential implications for the company's trajectory and competitiveness in the tech industry.
Unveiling Claude 3: Amazon's $2.75 Billion Investment Redefines The AI Landscape
Amazon announces a $2.75 billion investment in Anthropic, signaling its bold entry into the fiercely competitive AI race.
Target Is Getting Ready To Compete Against Walmart And Amazon — Too Late In The Game?
Over the years, Target has become a "one-stop-shop" retailer, allowing shoppers to buy everything, from groceries to medicine and apparel. In addition, it has combined online shopping with offline shopping.
Target To Launch Paid Membership Program, Following Amazon And Walmart's Lead
Target introduces paid membership program, Target Circle 360, to boost sales and compete with Amazon and Walmart.
Walmart Is Beginning To Look Like Amazon, Winning The War Of Unified Commerce
In recent years, Walmart seems to be doing everything right. The retailer paid big bucks to hire top software development talent. It acquired digital properties to expand its online sales scale and scope and developed its version of Amazon's Prime program.
Why Unified® Says Amazon Sellers Use Them Because Of 1 Reason
The ability to sell across multiple platforms, including Amazon, Walmart, and eBay, broadens the horizon for Why Unified® sellers.
Amazon Says Repays $1.9 Mn To Workers In Saudi Over Unlawful Fees
Online retailer Amazon said Friday it had paid $1.9 million to more than 700 contracted workers in Saudi Arabia as reimbursements for unlawful recruitment fees, among other alleged violations.
E-Commerce Giant Amazon Joins Dow Jones; Walgreens Bowing Out
Amazon's inclusion in the Dow Jones Industrial Average replaces Walgreens, signaling a shift towards tech dominance in the market.
Jeff Bezos To Sell Up To 50 Million Amazon Shares Over Next One Year
Amazon said a company filing Friday that its founder had adopted a trading plan to sell up to 50 million shares over a period ending Jan. 31, 2025.
Meta, Amazon Beat Expectations With Stellar Results
Meta and Amazon on Thursday blew through expectations in their latest quarterly results as Big Tech continued to impress Wall Street.
Walmart Unveils Plans To Open 150 Large-Format Stores In Next Five Years
The company, which already operates in more than 4,600 stores across the country and nearly 600 Sam's Club warehouses, aims to extend its footprint further.
App Lets Indigenous Brazilians Connect In Own Languages
For Indigenous communities in the Brazilian Amazon, getting online is a challenge.
Amazon French Warehouses Unit Fined 32 Million Euros
France's data protection agency said Tuesday it had fined Amazon's French warehouse management unit 32 million euros ($34.9 million) for an "excessively intrusive" surveillance system to monitor staff performance.
Deforestation In Brazilian Amazon Halved In 2023
Deforestation in the Brazilian Amazon fell by half last year, according to figures released Friday, as President Luiz Inacio Lula da Silva's government bolstered environmental policing to crack down on surging destruction.
Why The Magnificent Seven Rally Could Last For Many More Years
Though past performance isn't a guarantee for future performance, as the usual Wall Street disclaimer goes, there is a good reason to believe that the Magnificent Seven will continue to outperform the market for many more years.
Jeff Bezos Net Worth 2024: Amazon Founder's $172.3B Wealth Set To Soar Atop Blue Origin Rockets
Jeff Bezos is the third-richest man in the world today, behind Elon Musk and Bernard Arnault. Here's a look at his net worth and where it could be in 2024.
German Union Calls On Amazon Workers To Strike On 'Black Friday'
Union Verdi called on workers at online retail giant Amazon in Germany to go on strike on the annual "Black Friday" shopping extravaganza, in their battle for better working conditions.
Amazon To Sell New Cars Next Year In US, Starting With Hyundai
E-commerce giant Amazon said Thursday it would start selling new automobiles on its platform in the United States next year.
Deforestation In Brazilian Amazon Down 22% In A Year
Brazilian Amazon deforestation fell 22.3 percent in the year through July, hitting a five-year low, officials said Thursday, as President Luiz Inacio Lula da Silva's government fights to curb destruction of the world's biggest rainforest.
Amazon Training Large Language Model Codenamed 'Olympus' To Rival OpenAI, Microsoft: Report
The project is currently in the works with a staggering 2 trillion parameters, potentially positioning it as one of the most robust models in the making, sources familiar with the matter reportedly said.
Jeff Bezos To Move To Miami After Almost 30 Years In Seattle
The move comes after reports of a purchase of a $79 million property by the billionaire in the Miami area.
10% Of Dolphins Killed As Amazon Drought Hits Lake: Study
An estimated 10 percent of the dolphins in a picturesque lake in the Brazilian Amazon were killed in a week as a record drought and searing temperatures devastate the region, researchers said Tuesday.
Amazon Is Sued By US Government And 17 States For Illegal Monopoly
The company is accused of adopting practices that stop competitors from emerging or growing.
Amazon Empowers Alexa With Generative AI
Amazon's popular Alexa digital assistant is about to be supercharged with the powers of generative artificial intelligence, the company said on Wednesday, as the tech giant steps into the AI race dominated by ChatGPT, Google and Microsoft.
Why Nvidia Is A Better Investment Than Tesla And Amazon
Nvidia has better sales growth and a higher Economic Value Added (EVA) than Tesla and Amazon and trades at a lower Price-to-Earnings ratio (PE).
Amazon Partners With Indian Railways, Postal Department To Strengthen Cross-Border Logistics
The new collaboration makes Amazon the first such entity to partner with the Dedicated Freight Corridor Corporation of India (DFC) for faster deliveries.
Acai Berry Craze: Boon Or Threat For The Amazon?
Working in the sweltering heat of the Brazilian Amazon, Jose Diogo scales a tree and harvests a cluster of black berries: acai, the trendy "superfood" reshaping the world's biggest rainforest -- for better and worse.