Tag AMZN

The Reserve Bank of India said on Friday it had imposed a penalty of 30.7 million rupees ($374,770) on Amazon Pay Private Ltd for non-compliance with directions on prepaid payment instruments and Know Your Customer (KYC) rules...

The Reserve Bank of India said on Friday it had imposed a penalty of 30.7 million rupees ($374,770) on Amazon Pay Private Ltd for non-compliance with directions on prepaid payment instruments and Know Your Customer (KYC) rules. "This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the entity with its customers," the RBI said in a statement. Amazon Pay is an online payment processing service owned by Amazon.com Inc...

Two of the more famous companies declaring hikes were beverage and snack giant PepsiCo (NASDAQ: PEP) and logistics mainstay United Parcel Service (NYSE: UPS). PepsiCo is one of the market's most recently crowned Dividend Kings, the tiny group of stocks that have increased their dividends at least once annually for a minimum of 50 years in a row. The company's new quarterly dividend of $1.15 per share represents a 7% increase over the prior one...

Growth stocks have outperformed the broader market so far this year, lifted by a dip in interest rates. Growth stocks had charged higher this year, outpacing the broader market. They will need to take a pause before continuing their outperformance. The Russell 1000 Growth Index has gained about 3% this year, beating the S&P 500’s roughly 2.5%...

It's not easy to find a company putting up strong growth in both revenue and profits, especially in today's challenging business climate, but MercadoLibre (NASDAQ: MELI) seems to be the exception to that rule. The online marketplace, which focuses on Latin America, just delivered a stellar fourth-quarter report. The company posted a record operating margin of 11.6% as operating income jumped from $24 million to $349 million...

Hawaiian Airlines has a strong business proposition, but growth and recovery drivers are materializing slower than hoped for. Read why this airline is falling behind US peers...

When people discuss Amazon's (NASDAQ: AMZN) growth opportunities, they often talk about its cloud-operation Amazon Web Services (AWS) or the North American e-commerce operation. Considering that the international segment's fourth-quarter 2022 revenue shrunk by 7.5% year over year, producing $2.2 billion in operating losses, you might think Amazon's international piece is not worth considering. Management blamed most of its international segment operating loss in 2022 on increased fulfillment and shipping costs...