Amazon.com Inc

Amazon plans to lay off about 10,000 employees starting this week

Amazon plans to lay off about 10,000 employees starting this week

Andy Jassy, ​​CEO of Amazon.Com Inc., at the GeekWire Summit in Seattle, Washington, USA on Tuesday, October 5, 2021. david ryder | Bloomberg | Getty Images Amazon plans to lay off about 10,000 employees in business and technology roles starting this week, according to a New York Times report. Separately, the Wall Street Journal also …

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Jeff Bezos says for the first time he will donate most of his money to charity

Jeff Bezos says for the first time he will donate most of his money to charity

Washington CNN Business — Amazon founder Jeff Bezos plans to donate the majority of his $124 billion net worth over his lifetime, telling CNN in an exclusive interview that he will dedicate most of his wealth to the fight against climate change and supporting people who can unite humanity in the face of deep social …

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The week in review, the week ahead for November 11: Inflation, rally

The week in review, the week ahead for November 11: Inflation, rally

Markets closed higher for the week after a stellar rally on Thursday that saw big tech stocks soar amid weaker-than-expected consumer price index (CPI) data for October. The S&P 500 closed more than 5% higher for the week, its best week since June. Bond yields and the U.S. dollar fell as investors hoped CPI news …

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ByteDance and Pinduoduo launch overseas e-commerce sites to challenge Amazon

ByteDance and Pinduoduo launch overseas e-commerce sites to challenge Amazon

TikTok owner ByteDance launched a women’s fashion website called If Yooou. Pinduoduo launched an e-commerce site in the United States called Temu. The two companies are the latest Chinese tech giants looking to break into the international e-commerce market dominated by Amazon. Mike Kemp | In pictures | Getty Images Pinduo-duo and TikTok owner ByteDance …

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Dow closes 800 points higher on Friday, posts fourth straight week of gains

Dow closes 800 points higher on Friday, posts fourth straight week of gains

Shares rose on Friday despite a tumble in Amazon shares after economic data pointed to slowing inflation and stable consumption. The Dow Jones Industrial Average closed at 828.52 points, or around 2.6%, up at 32,861.80. The S&P 500 added almost 2.5%, to close at 3,901.06. The Nasdaq Composite ended up around 2.9%, closing at 11,102.45. …

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The Fed could lay the groundwork for a year-end rally in the coming week

The Fed could lay the groundwork for a year-end rally in the coming week

Stocks are expected to emerge from October with a tailwind, but will immediately face a Federal Reserve meeting in the early days of November that could help decide the course of trade for the rest of the year. The Fed is widely expected to raise its target federal funds rate by three-quarters of a point …

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Amazon shares slump after holiday forecast and cloud growth, earnings disappoint;  $150 billion in market capitalization at risk

Amazon shares slump after holiday forecast and cloud growth, earnings disappoint; $150 billion in market capitalization at risk

Amazon.com Inc. on Thursday predicted holiday sales and earnings to be well below analysts’ expectations as cloud growth slowed and Amazon Web Services earnings missed expectations by nearly $1 billion, sending stocks south in after-hours trading. AmazonAMZN, -4.06% executives guided fourth-quarter operating profit from break-even to $4 billion and vacation sales from $140 billion to …

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Stocks May Continue to Rise as Apple and Big Tech Earnings Report Week Ahead

Stocks May Continue to Rise as Apple and Big Tech Earnings Report Week Ahead

Stocks are expected to take inspiration from the bond market over the coming week as investors assess earnings from leaders Apple, Microsoft and Alphabet. Strategists continue to watch market trading patterns for signs that a bottom is forming after the Oct. 13 washout, when the market first fell and then surged following a report on …

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