Amazon laying off hundreds of workers at Fresh grocery stores: report
Hundreds of Amazon Fresh store workers were told that their jobs were being eliminated. It comes at a time when the company continues to evaluate its grocery business.
Amazon lowers price for Roomba maker iRobot after deal faces antitrust scrutiny
Amazon has dropped its price per share for robot vacuum maker iRobot after the companies faced pushback from regulators in the U.S. and in Europe.
Amazon, FedEx, US Postal Service prep as potential UPS strike looms
Shipping companies like Amazon, FedEx and the U.S. Postal Service are monitoring the evolving negotiations between UPS and the Teamsters union as a potential strike looms.
Spotify hikes prices for its 200 million premium subscribers
Music streaming service Spotify announced Monday that it is raising the prices on its Premium plans by one to two dollars “so that we can keep innovating."
Amazon to build $120M satellite facility at Florida's Kennedy Space Center
Amazon’s Project Kuiper is building a $120 million satellite processing facility at the Kennedy Space Center in Florida, creating 50 new jobs in the area.
Businesses look to self-regulate the use of AI in hiring
Over a dozen large, global companies and BBB National Programs developed a self-regulatory framework for companies using AI in hiring to protect privacy and prevent bias.
Amazon rolling out palm recognition technology as checkout option at Whole Foods
Amazon said Thursday that its checkouts at all Whole Foods Market locations in the U.S. will soon offer its palm recognition technology as a payment method.
Amazon agrees to $25M settlement over Alexa unlawfully storing children's voice recordings, location data
Amazon agreed to pay $25 million in civil penalties after the government alleged Alexa stored children's voice recordings and location data -- and flouted parents' deletion requests.
Anti-woke marketplace PublicSq. to begin trading on NYSE
PublicSq., an online marketplace aiming to be the conservative alternative to Amazon, is going public on the New York Stock Exchange this week under ticker symbol PSQH.
Jeff Bezos donates $12M research grant to Smithsonian museum
Amazon founder Jeff Bezos donated $12 million to the Smithsonian Tropical Research Institute this month, funding the GEO-TREES database project at their Panama facility.
Amazon's 2023 Prime Day sets new sales record
Amazon's Prime Day 2023, spanning July 11-12, was its biggest two-day sale event in company history. Independent sellers also had the biggest Prime Day in history.
Amazon Prime Day scams: Here's what to look out for
The Better Business Bureau is warning shoppers about Amazon Prime Day scams during the popular two-day event and sharing advice on how to avoid the bad actors.
Amazon's 'targeted marketing' is stroke of genius: Jessica Inskip
Strategic Resource Group managing director Burt Flickinger and OptionsPlay Director of Education and Product Jessica Inskip discuss whether Amazon will break Prime Day sales on 'The Claman Countdown.'
Rivian shares drive toward 9th straight win
The winning streak continues for Rivian shares, adding to the 80+% gains over the last eight trading days as investors pile into the electric vehicle maker after a string of announcements.
Amazon CEO says not to count e-commerce giant out of AI race: Generative AI part of 'hype cycle'
Amazon chief executive Andy Jassy asserted last week that the e-commerce giant should not be counted out of the artificial intelligence race, with its future lying in chips.
Former Amazon employee sentenced to 16 years in prison in $9.4 million fraud case
A federal district court on Wednesday sentenced a former Amazon employee to 16 years in jail for millions in fraud against the tech giant, according to officials.
Rivian shares ride eighth straight day of gains
Rivian may have finally arrived. Shares of the electric vehicle maker are on pace to post the best eight-day stretch on record after a week of positive Wall Street calls.
Company recalls 190,000 portable chargers following fire on plane
About 190,000 portable chargers were recalled as of Thursday due to a risk of catching fire, according to the CPSC, which suggested immediately halting use.
Amazon CEO Andy Jassy scrutinizes Hollywood studio spending: report
Amazon's companywide cost-cutting push is reaching its entertainment divisions, as CEO Andy Jassy is reportedly scrutinizing the budgets of Amazon Studios' expensive productions.
Amazon-Rivian deal sends shares to new high
Rivian shares hit a new high after Amazon announced it was taking the auto company’s technology to Europe with first rollouts in Munich, Berlin and Düsseldorf, Germany.