Tech companies are slashing spending on the future as they focus on profitability...
Continue ReadingLucky for us, Amazon has us first movers covered. The world's largest online retailer will be running a second Prime Day just in time for holiday shopping. In 2022, Amazon saw an 18% increase in weekly sales during its Prime Early Access Sale...
Continue ReadingIndia plans to roll out welfare measures for "gig" workers employed through platforms like Amazon, Uber and India's Zomato as Prime Minister Narendra Modi's government prepares for elections, government and trade union officials said. The plan, part of the Social Security Code enacted in 2020, could include accident, health insurance and retirement benefits, said a senior government official with direct knowledge of the plan. Ahead of the elections early next year, Modi's party is eager to announce steps after the northern state of Rajasthan, ruled by opposition Congress party, approved setting up a fund through a surcharge on sales at platforms...
Continue ReadingAlibaba's better-than-expected results were also supported by the company's restructuring efforts. Find out why we maintain our buy rating on BABA stock...
Continue ReadingThe retail delivery behemoth says it will ramp up efforts to increasingly shed those ubiquitous brown box packages and prod its sellers to ramp up the use of so-called "ship in container" boxes, The Wall Street Journal reported. "The recognition by a number of senior leaders was just that this is becoming more and more important," Amazon packaging czar Pat Lindner told The Journal. "There's a significant need for our company to take the next step in innovation around packaging."...
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Continue ReadingAmazon's partnership with telehealth provider Maven Clinic will expand fertility care access to over 1 million employees...
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