Tag AMZN

Although Amazon initiated Prime Day, other retailers like Target introduced Cycle Week to take on Prime Day promotions...

As Prime Day arrives, Amazon is under a variety of legal threats to its Prime membership policies. It's Prime Day, and millions of Amazon Prime members are eagerly checking out product deals. Beneath that picture of satisfied online shoppers, there may lie an unfortunate truth. Amazon is facing a variety of lawsuits from government and private plaintiffs alleging that the e-commerce behemoth tricked consumers into signing up for Prime and related services, and then made it nearly impossible to c...

The indicator of shopping patterns arrives this year after a period of slow sales for the company and concerns about the economy...

Shares of Verizon (NYSE: VZ) were lagging the market once again in the first half of the year as a combination of underwhelming quarterly results, rising interest rates that make short-term bond yields more competitive, and a surge in tech stocks from interest in artificial intelligence all left the telecom stock in the dust. According to data from S&P Global Market Intelligence, the stock fell 6% in the first six months of the year, significantly underperforming the S&P 500, which gained 15.9%. Verizon started off the year with gains in January, benefiting from the broad market's recovery and giving positive commentary about fourth-quarter subscriber additions early in the month...

In the latest trading session, Amazon (AMZN) closed at $128.78, marking a +1.3% move from the previous day...

A bipartisan group of U.S. lawmakers asked the Milwaukee Tool unit of Hong Kong-based Techtronic Industries to examine whether its products had links to forced labor, citing a recent media report that some were made by Chinese prisoners. In a letter sent Tuesday and signed by Republican Representative Chris Smith and Democratic Senator Jeff Merkley, the lawmakers questioned Milwaukee Tool's oversight of its supply chain and whether it had independently investigated the claims, according to a copy of the letter seen by Reuters...

CNBC's Michael Sheetz joins 'Last Call' to discuss why Blue Origins' rocket engine exploding may have widespread consequences...

A federal judge said Microsoft can proceed with its purchase of Activision Blizzard, while Amazon.com was added to Wells Fargo's "signature picks" list. Stocks closed higher Tuesday as investors prepared for the latest inflation update and the start of second-quarter earnings season. But while price action across the major indexes was relatively muted, Activision Blizzard (ATVI) climbed the charts after Microsoft's (MSFT) proposed acquisition of the video game maker cleared a major regulatory hu...

Amazon.com hopes to tempt U.S. shoppers on Tuesday to open inflation-thinned wallets by offering deeper discounts on a wide range of goods and services during this year's "Prime Day" 48-hour shopping event, including its first-ever travel discounts. A year of inflation has lifted mortgage rates, rents and food prices for consumers ahead of Prime Day, which falls on July 11-12 this year. CFRA Research analyst Arun Sundaram said Amazon's U.S. Prime Day discounts this year are mostly deeper than in previous years...

Dozens of Amazon.com Inc warehouse workers in New York City have sued their union, the first in the company's history, alleging that top union officials are refusing to hold democratic elections to fill leadership posts. The lawsuit filed in Brooklyn federal court on Monday represents an escalation of internal disputes within the Amazon Labor Union (ALU) formed last year after it won an election at the Staten Island warehouse but lost two others in New York. The union's April 2022 victory at the warehouse, known as JFK8, was a historic victory for the labor movement driven by concerns over worker safety including an alleged lack of protections for warehouse workers during the COVID-19 pandemic...