Tag AMZN

Amazon is determined to be well prepared to weather the sharp economic downturn on the horizon without a big scratch. The monetary policy of the Federal Reserve (Fed) to crush inflation, which is at its highest in 40 years, is likely to cause a so-called hard landing of the economy aka recession. Many top economists, such as Harvard's Larry Summers, say the economy is likely to enter a recession this year or next, thanks to the large interest-rate increases from the Federal Reserve...

In 1994, Jeff Bezos left his job at a quantitative hedge fund after coming across a staggering statistic: Internet usage was growing at 2,300% per year. Amazon eventually expanded beyond books, earning a reputation as the "everything store," and Bezos took the company public on May 15, 1997. Put another way, if you had invested $1,000 in Amazon stock at its IPO, it would be worth more than $1.1 million today...

The gift is in addition to $1 million Amazon gave the school system last year to launch the bachelor's program in computer science at North Seattle College...

Costs are going to continue cutting into e-commerce during a recession, but cloud computing is poised to weather the storm...