Tag Archives: Amazon

Amazon (AMZN) reported third-quarter sales and earnings results that missed Wall Street’s estimates, reflecting a growth deceleration after the pandemic stoked a surge in online shopping last year and earlier in 2021.  The company also flagged that it would see additional costs as a result of supply chain challenges in the fourth quarter. Shares dropped by more than 4% in late trading.  Here were the main metrics from Amazon’s report, compared to consensus estimates compiled by Bloomberg:

The Chromecast with Google TV remote.  David Katzmaier/CNET … Source link

Jeff Bezos, Amazon’s founder. Alex Wong/Getty Images An Amazon worker on leave emailed Jeff Bezos to say she’d been underpaid, The New York Times said. A subsequent investigation found that Amazon was systematically underpaying some workers on leave. A spokesperson told The Times that Amazon was still identifying underpaid workers. An email sent to Jeff Bezos from an Amazon worker who was on leave triggered an internal investigation that exposed flaws with the company’s payroll system, The New… Source link

Amazon (AMZN) aims to hire 150,000 seasonal employees ahead of the busiest time of year for retailers. The e-commerce giant is offering lucrative incentives to lure talent amid a supply chain crunch and tight labor market. The average salary for seasonal jobs start at $18 per hour along with sign-on bonuses up to $3,000. Despite lucrative incentives, the question is whether Amazon and other giant retailers can convince enough people to work for them amid a red hot labor market.  Competition… Source link

WASHINGTON, Oct 5 (Reuters) – Amazon.com Inc (AMZN.O), Google (GOOGL.O) and Microsoft Corp (MSFT.O) are expected to join a Biden administration conference on Tuesday focused on quantum technologies as the U.S. government works to head off hacking threats and corner a burgeoning growth industry. The White House’s Office of Science and Technology Policy (OSTP) is hosting the event that will discuss critical applications of quantum computing, which is expected to operate millions of times faster… Source link

(Bloomberg) — Amazon.com Inc. shares fell sharply on Monday, taking the e-commerce giant into negative territory for the year, as a sustained rise in Treasury yields is hurting the earnings outlook for companies with high valuations. Most Read from Bloomberg Amazon shares fell as much as 2.5% on Monday and were on track for a sixth straight negative session, the longest such streak for Amazon since an eight-day drop that ended in August 2019. With the decline, the stock is now down 1.4% for… Source link

Google, an unlikely underdog, is struggling to keep pace with Amazon . com Inc. in the battle for billions in e-commerce ad dollars. In its latest strategy shift, the Alphabet Inc. unit said Wednesday that it is updating the look and format of product search pages to feature images of apparel, accessories and other items to better resemble a digital store rather than a long list of links and text. Source link

Credit: Microsoft In June this year, Microsoft officials announced their plans to redo the Microsoft Store and make it available to both Windows 11 and Windows 10 users starting this fall. Today, September 28, Microsoft execs added a few new details to the new Store rollout plan, including… Source link

(Bloomberg) — Amazon.com’s price target was cut at Morgan Stanley, which wrote that the online retailer’s profits could come under pressure as a result of a rising headcount and higher wages. Most Read from Bloomberg The firm lowered its target from $4,300 to $4,100, putting it below the average analyst target of $4,157. The new view still points to upside of almost 20% from Amazon’s last close. Morgan Stanley, along with every other firm tracked by Bloomberg, recommends buying the… Source link

For example, when Amazon began building its cloud-computing business, it went on an acquisition spree, buying at least 13 cloud tech companies from 2012 to 2020, according to the Post’s analysis. That included firms like Thinkbox Software, a maker of cloud-based design tools, and security company Sqrrl Data; in neither case did Amazon disclose the purchase price. Source link