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AMZN

UPDATE 1-Amazon offers US shoppers $10 to pick up purchases as it targets delivery costs

Amazon said the promotion is not a cost-cutting measure and that it applies to customers who have never used Amazon Pickup or have not used that service in the last 12 months. Amazon did not say for how long this or similar pickup promotions have been in use. Amazon over the last few days has emailed an undisclosed number of its shoppers offering them $10 to retrieve an order of $25 or more at company pickup points at locations such as Whole Foods, Amazon Fresh or Kohl's stores...

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AMZN GOOGL

Tracking Christopher Davis’ Davis Selected Advisers 13F Portfolio – Q1 2023 Update

Davis Selected Advisers 13F portfolio value increased from $14.71B to $15.13B this quarter. Click here to read more about holdings and trades for Q1 2023...

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AMZN

EU draft rules propose tougher cybersecurity labelling rules for Amazon, Google, Microsoft

Amazon, Alphabet's Google, Microsoft and other non-European Union cloud service providers looking to secure an EU cybersecurity label to handle sensitive data can only do so via a joint venture with an EU-based company, according to an EU draft document seen by Reuters...

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AMZN

5 Great Mother’s Day Gifts to Buy on Amazon

It's hardly a secret that Mother's Day falls out on the second Sunday in May. But if you've been procrastinating on your Mother's Day shopping, then you may be starting to panic. If you have an Amazon Prime membership, though, you're in luck. Amazon carries a wide range of gifts that could be perfect for Mother's Day...

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AMZN

Amazon Has a Whole New Way to Sell You Stuff

Americans spend plenty of time on smartphones, often playing video games or shopping. Amazon Inc. wants consumers to do both at the same time. The e-commerce giant launched Amazon Anywhere, which allows users to directly purchase physical goods they see on video games or other mobile apps...

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AMZN

Amazon acquisition target iRobot reports worse-than-feared results

Shares of iRobot Corp. fell in the extended session Tuesday after the robot-appliance maker’s results came in worse than feared. Shares of iRobot fell 8%.....

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AMZN

Whole Foods vs. Trader Joe’s — Which Store Is Better for Your Money?

Known for its expensive brand selection -- it earned the nickname "Whole Paycheck" for its outrageous prices -- Whole Foods hoped to shed that reputation following its acquisition by Amazon in 2017......

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AMZN

Amazon applies therapy to retail

(The author is a Reuters Breakingviews columnist. The opinions expressed are their own.)...

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AMZN

Amazon plans more warehouses and higher headcount in Europe

Amazon plans to open new warehouses and hire more people in Europe, an executive said on Tuesday, even as squeezed consumer spending forces the tech giant to cut costs globally and lay off some employees. Amazon has invested 142 billion euros ($156 billion)in Europe since 2010, and its growth in the region was boosted in recent years from COVID-19 lockdowns driving shopping online. Stefano Perego, vice president of global operations for North America and Europe, said Amazon's footprint in Europe would increase from more than 70 fulfilment centres currently, though he declined to say how many new warehouses are planned or where, saying only that the company is guided by customer demand...

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AMZN

Microsoft Is Determined To Win The AI Wars As It Threatens Google’s Online Search Dominance

On April 25th, Microsoft Corporation (NASDAQ: MSFT) topped both top and bottom-line expectations with its fiscal third quarter results, showing no concerns like Amazon.com (NASDAQ: AMZN) over cloud growth slowdown and giving Alphabet Inc (NASDAQ: GOOG)(NASDAQ: GOOGL) or more precisely, Google, a reason to fear for its leadership in the online search field. Layoffs Joining its parent Microsoft, as well as Amazon and Alphabet, social media network for professionals LinkedIn revealed today it will...

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