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Amazon.com, Inc. (NASDAQ:AMZN) Closes Over 3,900 Seller Accounts In The US For Violating Fair Pricing Policies

Amazon.com, Inc. (NASDAQ:AMZN) has closed over 3,900 seller accounts in the US for violating its fair pricing policies. According to a blog post, the e-commerce giant said it has removed over a million items from the store because some sellers resorted to price gouging. Stringent action on sellers for price gouging Amazon said it is […]

Amazon.com, Inc. (NASDAQ:AMZN) Warehouses Now Accepts Groceries, Household Staples And Medical Supplies In The US Until April 5, 2020

Amazon.com, Inc. (NASDAQ:AMZN) is now committed to delivering essential supplies until April 5, 2020, to meet the growing demand from people who are confined to their homes due to coronavirus outbreak. The company gives priority to the delivery of essential items such as groceries, household staples, and medical supplies. Amazon will not accept items other […]

Amazon.com, Inc. (NASDAQ:AMZN) Increases Hourly Pay By $2 In The US; Amazon To Recruit 100,000 Workers To Cope Up With Surging Orders During Coronavirus Outbreak

Amazon.com, Inc. (NASDAQ:AMZN) has increased the hourly pay for its employees temporarily. The hourly pay increase is applicable for workers at whole food grocery centers, delivery centers, and warehouses in the US through April 2020. Each employee in this category earns a minimum hourly pay of $15. Amazon will pay a similar increase to the […]

Patricia Campbell-Smith Of The US Court Expects Amazon.com, Inc (NASDAQ:AMZN) To Succeed In The $10 Billion JEDI Contract

Patricia Campbell-Smith, a Federal Claims Judge at the US Court, said Amazon.com, Inc (NASDAQ:AMZN) is likely to win its case against the decision of the US Department of Defense (DOD) in awarding a prestigious $10 billion Cloud Computing JEDI contract to Microsoft Corporation (NASDAQ:MSFT). Issues an order to halt the work on the JEDI contract […]

Amazon.com, Inc (NASDAQ:AMZN) May Be Considering Buying WWE Fully

Amazon.com, Inc (NASDAQ:AMZN) has been seen to pay a great focus on winning streaming struggles over the recent years. It is currently targeting buying a huge percentage of rights in the World Wrestling Entertainment. The business guru reveals that it has a bigger plan as time progresses and that is to, later on, buy off […]

Amazon.com, Inc. (NASDAQ:AMZN) Signs A Warehouse Lease Agreement With Matrix Development Group In Staten Island

To increase its footprint in Staten Island, Amazon.com, Inc. (NASDAQ:AMZN) signed a pact with Matrix Development Group in Staten Island for 450,000 Sq. Ft. It is located adjacent to its 855,000 Sq. Ft. distribution center opened in 2017. The new warehouse will concentrate on its last-mile deliveries. The existing distribution center will focus on sorting […]

Amazon.com Inc. (NASDAQ:AMZN) Employees Could Lose Jobs For Criticizing The Company’s Practices

Several Amazon.com Inc. (NASDAQ:AMZN) workers risk losing their jobs if they go through with the plan to criticize the company’s business practices. The workers are openly criticizing the retail giant’s record on climate change. Over 330 workers could lose jobs for speaking up Over the weekend, around 330 employees of Amazon signed their names and […]

Amazon.com Inc. (NASDAQ:AMZN) Is Building A Hand-Scanning Payment Service

Amazon.com Inc. (NASDAQ:AMZN) is reportedly working on checkout terminals that will allow customers to pay using their palms through connection to their credit cards. According to people familiar with the issue, customers will be able to scan their palms to pay for purchases in physical stores. Amazon piloting payment using hand scan at its Amazon […]

Amazon.Com Inc. (NASDAQ:AMZN) And Spacex Leading The Race For Space Internet

The space race is intensifying, and companies such as Amazon.com Inc. (NASDAQ:AMZN) and SpaceX are leading the race to get into space. This is in a bid to provide internet to some of the remotest places on earth. This 21st-century space race involves thousands of satellites. Satellite internet for remote areas A couple of tech […]

Amazon.com, Inc. (NASDAQ:AMZN) Steps Up Efforts To Reduce Climate Impact And Places An Order On Rivian For 100,000 Electric Trucks

To reduce the impact on climate, Amazon.com, Inc. (NASDAQ:AMZN) is gearing up and announced plans to purchase 100,000 electric trucks from Rivian, a Michigan based firm. The ordered vehicles are of emission-free category. It plans to become carbon-neutral by the year 2040. This commitment is ten years earlier than United Nations Paris Agreement. Climate Pledge […]

Amazon.com, Inc. (NASDAQ:AMZN) Acquires Israeli Storage Startup E8 Storage

Retail giant Amazon.com, Inc. (NASDAQ:AMZN) has reportedly acquired E8 Storage, an Israeli firm which manufactures flash storage for cloud-based software and enterprise firms. Sources familiar with the matter revealed details of Amazon’s acquisition of the E8 Storage. They also noted that the e-commerce giant will merge the assets of the Israeli storage firm with its […]

Amazon.com, Inc. (NASDAQ:AMZN) Ramp Up Its Single Day Delivery Plans

Amazon.com, Inc. (NASDAQ:AMZN) has been gradually launching free one-day delivery for months. IN its recent earnings call, CFO Brian Olsavsky reported that the firm would substitute two-day delivery with one-day delivery, but indicated that one-day delivery would take a substantial amount of time to accomplish. He also stated that some zip codes can enjoy this […]

Amazon.com, Inc. (NASDAQ:AMZN) Abandons Plans To Distribute Drugs To Hospitals

Amazon.com, Inc. (NASDAQ:AMZN) is reportedly shelving its initial plans to sell and distribute pharmaceutical products to hospitals. The company had planned to distribute the products to its potential clients through its newest entity, Amazon Business that sells bulky items to the business enterprises. Several healthcare and pharmaceutical distribution giants including the Cardinal Health and McKesson […]

Amazon.com, Inc. (NASDAQ:AMZN) Betting On Pet Translators In 10 Years

Pet translators might not be a fantasy ten years from now, according to futurologist William Higham. Amazon.com, Inc. (NASDAQ:AMZN) has already backed the claims reiterating that Artificial Intelligence devices, capable of translating animal woofs and meows could be on the horizon. Pet Translators The e-commerce giant already sells a device that transfers human voice into […]

Amazon.com, Inc. (NASDAQ:AMZN) Investment In Plug Power Inc (NASDAQ:PLUG) demystified

Amazon.com, Inc. (NASDAQ:AMZN) struck a deal with Plug Power Inc (NASDAQ:PLUG) about a month ago and the investment was considered a major one for both firms. Plug Power was struggling prior to the investment but once the news about the deal broke, the struggling firm’s stock rallied by more than 70 percent. It obviously meant […]

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