Amazon.com Inc (AMZN)
Amazon suspends Minnesota data center as lawmakers plan to reduce Big Tech tax breaks
Amazon says it has suspended plans for a massive data center in Becker, Minnesota, an announcement that comes after state lawmakers and Minnesota Gov. Tim Walz said they will reduce tax breaks for these projects.
Amazon (NASDAQ: AMZN) Stock Price Prediction in 2030: Bull, Bear, & Baseline Forecasts (May 23)
Amazon.com Inc. (NASDAQ: AMZN) has been one of the stock market's biggest success stories ever.
Amazon shareholder revolt loses steam
Amazon's latest shareholder results, released Thursday afternoon, show a continued decline in support for some high-profile environmental and social proposals.
Bill Ackman's Pershing Square bought Amazon stake at ‘extremely attractive' price
Shares in Amazon had peaked in February at $242.06, but have plummeted more than 30% over the past few months.
Nike to Resume Selling on Amazon for First Time Since 2019. The Stock Rises.
Amazon said it was ‘working directly with Nike to source their products' after a five-year absence.
Nike to Sell Products on Amazon Following Five-Year Absence
A spokesperson for Amazon said the move will expand its selection for U.S. consumers beyond Nike inventory offered by independent sellers in the last several years.
Nike to resume selling directly on Amazon for first time since 2019
Nike confirmed on Wednesday that its shoes are returning to Amazon. The company stopped selling its goods wholesale on Amazon six years ago as part of a push to distribute more directly to customers and maintain greater control over the experience.
Amazon CEO Andy Jassy Says Tariffs Have Not Affected Sales
Amazon CEO Andy Jassy told shareholders during a virtual meeting Wednesday (May 21) that the tariffs the President Donald Trump administration imposed on imported goods have not affected sales. “We also haven't yet seen any meaningful average selling price increases,” Jassy said, according to a Wednesday Reuters report.
Amazon investors again reject all shareholder proposals on climate change
Amazon.com investors at its annual meeting again rejected all outside shareholder resolutions, including three meant to address the online retail giant's impact on climate change. Voters approved the reelection of 12 directors and proposed executive compensation.
Amazon's Quiet Repricing
Amazon reported Q1 FY25 revenue of $165.7 billion, up 10% YoY excluding forex, led by strong retail and AWS growth. Operating income rose 20% YoY to $18.4 billion, supported by improved cost controls despite heavy AI and logistics investments. AWS revenue hit $29.3 billion (+17% YoY) with 40% margins, reaching a $117 billion annualized run rate and expanding AI offerings.
Meta Says ‘Just Trust Us' With AI Ads, Will Amazon Follow Suit?
When Mark Zuckerberg recently described a future where advertisers would need "no creative, no targeting demographic, no measurement," it signaled an unapologetic shift toward fully autonomous advertising.
Armenian organized crime rings charged with stealing $83 million in Amazon cargo
The Department of Justice charged members or associates of an Armenian organized crime ring with stealing more than $83 million worth of cargo from Amazon. The group allegedly posed as legitimate truck drivers, then siphoned off goods destined for Amazon warehouses to sell for a profit or gift to other associates.
