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 …
Amazon plans to lay off about 10,000 employees starting this week Read More »
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 …
Jeff Bezos says for the first time he will donate most of his money to charity Read More »
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 …
The week in review, the week ahead for November 11: Inflation, rally Read More »
Amazon CEO Andy Jassy speaks at the GeekWire Summit in Seattle on October 5, 2021. david ryder | Bloomberg | Getty Images Amazon is suspending hiring for positions within its corporate staff, the company said in a memo to staff Thursday. The company previously announced last month that it would freeze hiring for corporate positions …
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 …
ByteDance and Pinduoduo launch overseas e-commerce sites to challenge Amazon Read More »
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. …
Dow closes 800 points higher on Friday, posts fourth straight week of gains Read More »
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 …
The Fed could lay the groundwork for a year-end rally in the coming week Read More »
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 …
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 …
Stocks May Continue to Rise as Apple and Big Tech Earnings Report Week Ahead Read More »
The Amazon logo displayed on a smartphone and PC screen. Pavlo Gonchar | Light Rocket via Getty Images LONDON – Amazon will begin selling home insurance in the UK through partnerships with three local insurers, bolstering the e-commerce titan’s push into financial services. The company announced on Wednesday the opening of a new service called …
