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U.S. online sales during Amazon.com Inc's Prime Day shopping event jumped 8.5% from last year to nearly $12 billion, as inflation-hit Americans pounced on discounted essentials and electronics, showed data from Adobe's Digital Economy Index...

U.S. online sales during Amazon.com Inc's Prime Day shopping event jumped 8.5% from last year to nearly $12 billion, as inflation-hit Americans pounced on discounted essentials and electronics, showed data from Adobe's Digital Economy Index. Amazon said on Thursday the two-day shopping event, on July 12 and 13, was its biggest ever globally, with members of its Prime loyalty program purchasing more than 300 million items, or 100,000 products a minute. Shoppers have been hit hard by decades high-inflation in recent months, which retailers including Walmart Inc and Target Corp said has led to restrained purchases of discretionary products...

A current example is the global cloud market, which is predicted to become a $1.5 trillion opportunity, growing at a compound annual rate of nearly 16% through 2030. Amazon has launched 16 "local zones" or what it says is a type of infrastructure deployment that puts storage, database, and other AWS services closer to large population, industry, or information technology centers...

Amazon sold more than 300 million items this year, up from more than 250 million a year earlier. Shares are in the red in a down market Thursday...

Amazon says its Prime Day 2022 was its largest event to-date...

(Bloomberg) -- After winning a historic victory at an Amazon.com Inc. warehouse in New York earlier this year, the fledgling Amazon Labor Union vowed to take the battle to three more company facilities nearby. Things haven’t gone according to plan. The group lost an election at a warehouse across the street from the first and has paused efforts to organize the other two. Most Read from BloombergChinese Homebuyers Across 22 Cities Refuse to Pay MortgagesUS Inflation Quickens to 9.1%, Amping Up Fe...

A recently enacted delivery fee in Colorado, which was promoted as a fee on Amazon and DoorDash to improve transportation infrastructure, is impacting a much broader swath of companies that deliver any sold products to customers — and is being taxed by some cities. Businesses in recent weeks have voiced increasing concerns about the retail delivery fee, a 27-cent-per-trip that launched on July 1 after being passed as a provision in the $5.3 billion infrastructure funding bill that Gov. Jared Polis signed into law last year. The fee, as imagined by bill sponsors, was meant to make retail companies whose trucks and vans have an increasing presence on Colorado roads during a time of significant e-commerce growth pay for highway maintenance, transportation electrification and other improvements...

Amazon.com Inc. says premium beauty products like those from Laneige, Lego sets, and Levi Strauss & Co. apparel were big sellers in the U.S. during this year's Prime Day event. Globally, Amazon devices, consumer electronics and home items were tops. Around the world, Amazon said it sold more than 100,000 items per minute during the two-day event. As in years past, the e-commerce giant did not provide sales numbers, but says more than $3 billion was spent with more than 100 million small business...

Amazon's streaming business and Prime Video are nearly unrecognizable from just a few years ago...