Tag AMZN

Here's why Forum Mobility's investor-backed move to electrify trucking 'drayage' is a vital part of the road to net-zero greenhouse-gas emissions...

After one of the worst years for tech stocks in recent memory, tech companies are about to detail exactly how good -- or, more likely, how bad -- their holiday seasons were...

More than 25,000 global technology sector employees have been laid off in the first few weeks of 2023, according to data compiled by the Layoffs.fyi website. The data suggest 2023 is on pace to surpass 2022 for global tech redundancies, with 101 tech companies laying off 25,436 employees in the first few weeks of the year. Last year, 1,024 tech companies laid off 154,336 employees, according to Layoffs.fyi...

The e-commerce giant is receiving cash grants for committing to hiring up to 25,000 employees at its second headquarters in Arlington...

There was a period of time during which Amazon was the retail darling. Yes, Amazon was once a real boon for our bank accounts. Plus, Amazon has become infamous for not shipping within its advertised timeframe...

Miller Value Partners, an investment management firm, published its “Miller Opportunity Equity” fourth quarter 2022 investor letter – a copy of which can be seen here. A quarterly net increase of 1.85% has been recorded by the fund for the fourth quarter of 2022, below the S&P 500 Index’s 7.56% gain for the same period. […]...

Amazon does not plan to cut any jobs in Italy despite a drop in volumes last year, trade unions said on Tuesday after a video meeting with a company representative. Amazon.com Inc said earlier this month it planned to cut over 18,000 jobs globally and later disclosed it would shut three warehouses in Britain, sparking concerns there could be workforce reductions in other European countries. Italian trade unions FIT-CISL, Filt-CGIL and UIL Trasporti said in separate statements that during the meeting, called in response to news reports, an Amazon Italy manager said there was no reason for Italian workers to worry...

Morgan Stanley analyst Joshua Pokrzywinski downgraded Cognex Corp (NASDAQ: CGNX) from Equal-Weight to Underweight and lowered the price target from $41 to $40. The analyst believes logistics could be much worse than is implied in 50% of 2023. Amazon.com Inc (NASDAQ: AMZN), CGNX's most significant customer, has been vocal about cutting its fulfillment and warehouse Capex in 2022 and 2023, and the analyst saw Amazon having excess fulfillment capacity until 4Q24 or even 2025. The analyst saw organi...