Hundreds of Amazon delivery drivers at a facility in Queens, New York, have moved to join the Teamsters union. Drivers at the facility, known as DBK4, have called for consistent schedules, properly maintained delivery trucks and reasonable workloads, the union said.
Amazon is the largest company measured by market cap to not offer a payout. With huge free cash flows, Amazon could easily afford to pay a dividend.
Amazon's e-commerce and cloud business generate repeat revenue from customers. Amazon's cloud computing business is a highly profitable revenue source with a long runway of growth.
It's releasing many new generative AI features and solutions to fit all needs and budgets. It has huge opportunities in advertising, and it continues to upgrade the e-commerce platform.
Indian antitrust investigations have found that Amazon and Walmart's Flipkart violated local competition laws by giving preference to some sellers, prioritising certain listings, and steeply discounting products, hurting other companies.
Under pressure from Chinese competitors, Amazon, Walmart and other U.S. retailers have been exploring ways to avoid tariffs. Could a new Biden administration rule change that?
For many of us, the back to school days invites thoughts of the upcoming holiday season, and what that means for our families and loved ones.
Amazon is investing $2.1 billion to boost delivery drivers' pay. The investment will raise drivers' pay to nearly $22 per hour, a 7% increase on average from last year.
Although the price of Amazon (NASDAQ: AMZN) stock has dropped since its all-time high (ATH) of $200, recording a particularly massive dip in early August due to a broad stock market bloodbath at the time, it has since been on a fast road to recovery, and analysts have retained optimistic sentiment.
Asthe January deadline approaches for TikTok to be sold to an American firm or face a nationwide ban, the Chinese-owned social media giant is quietly deepening its ties to a major company that is central to Americans' daily life, and one of its biggest rivals: Amazon. It's a strategic move that will make it harder to shut down TikTok here, industry insiders told Forbes.
A lawmaker of India's ruling party and a key retailers' group urged the government on Friday to suspend the operations of Amazon and Walmart's Flipkart in light of antitrust breaches.
This company pioneered new industries in the consumer and tech spaces. Considering its massive size, it continues to grow at a rapid pace.