Company
Amazon.com Inc
NASDAQ:AMZN
Amazon.com Inc provides a range of products and services to customers. The products offered through its stores include merchandise and content that it purchased for resale and products offered by third-party sellers. The company manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo and Ring, and it develops and produces media content.
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Amazon UK workers back six further months of strikes
Amazon workers in Coventry voted overwhelmingly for six further months of strikes
Amazon mobile market entry ‘cannot’ be ruled out – analysts
Amazon may be hoping to draw out a deal with one of the big three US telco companies, according to JP Morgan
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Fuller Treacy Comment of the Day - Sea's Path to Profit Paved With Layoffs, Single-Ply Toilet Paper, and more...
Comment of the Day15th May 2023Eoin TreacyMay 16Video commentary for May 15th 2023A link to today's video commentary is posted in the Subscriber's Area.Some of the topics discussed include: Japan firm, Thailand weak, China rebounds, India b
Amazon workers dub pay offer ‘an insult,’ eye further strikes
Amazon workers look set to carry out further strike action in the UK, after calling a pay offer from the company "an insult"
Amazon told to improve working conditions in three US warehouses
Amazon is facing renewed pressure over working conditions at its warehouses, as the costs of strike action in the UK start to bite the retail giant
Amazon cleared to buy One Medical, reviving healthcare offering plans
Amazon has effectively been cleared to close its acquisition of One Medical after the US FTC chose not to block the deal
Amazon to cut 18,000 jobs as tech sector purges continue
Amazon will cut thousands of jobs from mid-January as it aims to reduce costs amid economic uncertainty
Amazon touts ‘tremendous success’ of Rings of Power, yet still won’t disclose viewership numbers
Tech giant giant also reaches deal with EU antitrust regulators
Hardware & electrical equipment
Amazon ‘refusing’ to meet investors over ESG issues
Activist investor Tulipshare has accused Amazon of ignoring it over workers' rights
Worst offenders for ‘dubious’ Black Friday deals named by Which?
Some 98% of discounts in 2021 were not the cheapest price the product had been sold for that year
Penguin Random House scraps $2.2bn deal to merge with Simon & Schuster after regulatory block
Bertelsmann, the German media group which owns Penguin, had initially said it would appeal a US judge's decision at the start of this month that said its purchase of Simon & Schuster would be illegal because it would hit authors' pay
Jeff Bezos promises to give away his fortune despite thousands of job cuts at Amazon
In an interview with CNN, Bezos said he plans to donate much of his wealth of around US$124bn to climate change causes as well as social and political movements
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FTSE 100 closes lower despite Wall Street optimism that inflation may have peaked
CMC's Michael Hewson felt that the pound held back any gains from the US PPI data
Amazon.com set to axe 10,000 jobs - New York Times
The layoffs come as the tech industry continues to struggle amid a slowing economy, rising interest rates, and stubborn inflation and follow similar moves by Meta and Twitter
Dolly Parton receives US$100mln from Amazon billionaire Jeff Bezos
The Queen of Country is this year's recipient of the Bezos Courage & Civility Award
FIVE at FIVE: UK government’s gas windfall; Amazon drops below one trillion; Rishi goes to COP27; GSK lifts guidance
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Amazon booted out of one-trillion-dollar club as big tech cops a beating
Revenue miss and macro headwinds cause shares to fall to 31-month lows
Is Amazon stock in lasting trouble or will investors pick up a pre-Christmas bargain?
The market pummelled Amazon as it reported only 15% revenue growth for the third quarter.
Amazon ramps up efforts towards satellite network, announcing new Project Kuiper factory
First unveiled in 2019, Project Kuiper will see 3,236 satellites placed in low Earth orbit, contesting with Elon Musk's SpaceX network, with Amazon set to invest over US$10bn in the plan
Amazon.com lowers fourth quarter guidance sending shares down 16%
The company said it expects to post fourth-quarter revenue between $140 billion and $148 billion, representing growth of 2% to 8%, well below current analyst forecasts of around $155.15 billion (according to Refinitiv).
Jeff Bezos may have already told us Amazon's outlook ahead of its Q3 earnings
The 58 year old billionaire tweeted that consumers in this economy will 'batten down the hatches' with regards to consumer spending
Amazon might have to pay £900mln in UK compensation over favouring its own products
A collective action lawsuit, which is headed by consumer rights advocate Julie Hunter, is due to be filed to the Competition Appeal Tribunal this month and includes anyone who made a purchase online or on the Amazon app since October 2016
Amazon founder Jeff Bezos says consumers will 'batten down the hatches'
Amazon shares closed higher regardless of the comments from the company's founding CEO
Amazon.com delays prototype internet satellites to ULA rocket for early 2023 launch
The prototype satellites will be the first to launch as part of Amazon's Kuiper network, a planned constellation of 3,236 low-Earth orbiting satellites designed to beam broadband internet to remote parts of the world
TikTok wants to open warehouses in US to rival Amazon.com - report
The Chinese social-media company, whose parent company ByteDance is partially state-owned, currently offers a shopping option called TikTok Shop in select markets, including the UK and Indonesia
Amazon.com kicks off second early access sale in 2022
The sale takes place six weeks ahead of Black Friday and runs across 15 countries, including the UK
Amazon.com plans to invest over €1 billion in European electric van, truck fleet
The online retail giant noted that the investment would help its electric van fleet in Europe more than triple from 3,000 vehicles to more than 10,000 by 2025
Ofcom launches cloud market study on Amazon, Google and Microsoft to monitor competitiveness
The regulator will seek to prevent characteristics that could limit growth and innovation by making it hard for smaller companies to enter the market and broaden their market share
Amazon pauses hiring for corporate roles in retail business on economic downturn worries
In Q2 of this year, the retail giant slashed its workforce by roughly 99,000 people to 1.52mln employees after its Covid-related hiring spree
Amazon raises pay for warehouse staff
The world’s largest online retailer, which said the wage increases would cost roughly US$1bn over the next year, upped starting pay to US$19 per hour from US$18
Amazon, Microsoft and Google face UK probe into cloud services
Communications regulator Ofcom also said it would examine other digital markets over the next year, including messaging services such as WhatsApp, FaceTime and Zoom, and connected televisions and smart speakers
Amazon’s live streaming subsidiary Twitch announces gambling ban
Unlicensed casinos targeted for removal following community backlack
FTC seeks more data on Amazon's $1.7 billion deal for vacuum maker iRobot
A group of about 20 pro-privacy and worker organizations have urged US antitrust enforcers to stop the deal, citing concerns about privacy and Amazon's already powerful position in the smart home devices market
Amazon faces its first UK strike ballot over pay as Coventry workers initiate action
Voting in Coventry begins today and will run until October 19, 2022, and comes as Amazon workers have threatened strikes across the UK
Amazon.com sued by California state over alleged price competition antitrust violation
The lawsuit filed in San Francisco Superior Court alleges that Amazon's rules bar merchants from selling products at lower prices on their own websites or at the stores of Amazon's rivals
Amazon faces US union challenge from Teamsters
Teamsters allege Amazon employs one-third of all warehouse workers in the United States
Amazon puts the cork in fresh UK store openings
Shoppers go stale on Amazon Fresh amid cost of living crisis
Amazon.com, CVS Health, Option Care Health, and UnitedHealth all understood to be bidding for Signify Health - reports
Signify will hold a board meeting on Monday to discuss the bids, and final bids are expected on September 6, 2022, weekend press reports said
Amazon to buy maker of Roomba home-cleaning robots
Amazon will acquire iRobot for US$61 per share, including iRobot's net debt
Oppenheimer & Co raises Amazon price target after online retailer's 2Q results "exceeded expectations"
Oppenheimer & Co analysts raised their 12-to-18-month price target for the company to $165 from $160, maintaining their 'Outperform’ rating
Amazon soars more than 10% on sunny 3Q revenue forecast despite 2Q earnings miss
Total revenue over the three-month period came in at US$121.2 billion versus $119 billion estimates, and up from $113.1 billion during the same year-ago quarter
Amazon.com to increase cost of Prime membership for UK customers
The annual Prime membership price will increase from £79 to £95 - the first hike since 2014
Will Amazon stave off declines in digital advertising?
Amazon recently announced plans to generate more than 4000 new jobs in the UK
Amazon expands healthcare offering in US$3.9bn takeover
One Medical’s share price got a boost following news of the merger
Amazon gets €1bn in European tax breaks
Amazon EU Sarl won a package of tax breaks from European governments including the UK, despite posting a loss
Facebook group administrators to be sued by Amazon over fake reviews
With millions of sellers on Amazon's third-party marketplace, fake reviews have become an increasingly prevalent problem
Amazon faces federal probe into workplace conditions
Warehouses across three US states targeted by prosecutors
Amazon to create 4,000 UK jobs this year
The new jobs will bring the online giant's permanent workforce in the UK to 75,000