FOX Business Briefs 4/29
GM net income slid in the first quarter on weaker sales of trucks, SUVs; Trump to soften blow of automotive tariffs; UPS to cut 20,000 jobs; Coca-Cola says market is ‘manageable’ despite loss of net revenue; Royal Caribbean is raising its forecast.
Amazon takes first step toward satellite internet service with successful launch
Amazon's Project Kuiper launched 27 satellites into space in what is the company’s first step toward rivaling Elon Musk's Starlink satellite constellation.
Amazon denies tariff pricing plan that White House called 'hostile and political'
Amazon denied report that it would how the cost of tariffs next to items being sold after the White House called the would-be move a "hostile political action."
UPS cutting 20K jobs due to fewer Amazon shipments
UPS announced it's cutting 20,000 jobs and shuttering 73 of its facilities as it cuts costs as part of a reduction in Amazon shipments, while also facing economic uncertainty.
Wall Street legend unveils 3 undervalued blue-chip stocks
B. Riley Wealth Management chief market strategist Art Hogan discusses the keys to selecting stocks in a volatile market on 'Making Money.'
Fox Business Briefs 4/18
Amazon is better prepared for the trade war than investors think; Survey: Gen Z most likely to lie on resume; Best places to celebrate Easter; Reese's Peanut Butter Egg named No. 1 Easter candy
Chinese-based Amazon sellers weigh price hikes or exiting US: report
The head of the Shenzhen Cross Border E-commerce Association, which represents 3,000 Amazon sellers, said some Chinese sellers are planning to hike their prices or leave the U.S. market.
New study accuses Amazon of skirting state law by allowing minors to purchase these dangerous items
A study from a children's advocacy institute claims that Amazon is not adhering to California law by allowing minors to purchase dangerous and illegal items.
Amazon to send fleet of satellites to space in step to provide internet service for customers
Amazon announced it will launch more than two dozen satellites into space this month as part of its mission to provide internet service to customers.
Amazon planning to extend Prime Day 2025
Amazon is reportedly planning on extending its Prime Day sale to four days. That's more in line with rivals who have launched comparable sales lasting upward of a week.
Amazon introduces beta AI shopping tool, 'Interests'
A new artificial intelligence tool that surfaces products based on interests has been introduced by Amazon to some shoppers in the U.S. It is called "Interests."
Amazon's AI-powered Alexa is another reason to like the stock, strategist says
Evercore ISI senior market strategist Mark Mahaney analyzes Booking Holdings and Amazon on 'Varney & Co.'
Amazon vice president details company's Alexa+ technology
Amazon Vice President Daniel Rausch breaks down the details of the company’s new Alexa+ technology.
Amazon rolling out AI-driven Alexa+ service
E-commerce giant Amazon revealed Wednesday it will be rolling out an Alexa+ service infused with artificial intelligence that's free for Prime customers.
NAACP urges Black Americans to avoid companies that ditched DEI
'The Big Money Show' panel discusses the rollback of diversity, equity, and inclusion policies at big companies like Amazon, Target, and Walmart.
Amazon workers in North Carolina vote against unionizing
Amazon workers in North Carolina voted against a proposal to unionize, a win for the retail giant in its fight against organized labor at its facilities.
Amazon CEO 'relieved' after Hamas releases employee taken hostage on Oct. 7
Amazon CEO Andy Jassy writes in a message to employees that he is "incredibly relieved" that Alexander (Sasha) Troufanov was released from Hamas captivity.
Amazon to pay $4M to settle suit accusing company of stealing tips from drivers
Amazon will pay $3.95 million to settle a lawsuit claiming that it diverted the tips its Flex drivers received to pay for the employees' base wages.
Amazon increases ad spending on X in major reversal: report
Amazon has increased its ad spending on Elon Musk's X platform in a reversal from its previous decision to remove ads over hate speech concerns, according to a report.
Workers at Philadelphia Whole Foods become 1st to unionize at Amazon-owned grocer
Whole Foods workers in Philadelphia became the first group to unionize under the grocery store chain. The vote came months after it filed to hold a union election in November.