Tag AMZN

Amazon is facing a one billion-pound ($1.3 billion) collective lawsuit from British retailers who allege that the online marketplace misused their data to boost its own market share and profits. The British Independent Retailers Association (BIRA), an umbrella body grouping numerous small traders, was due to file the lawsuit on behalf of around 35,000 retailers at the Competition Appeal Tribunal (CAT) in London on Thursday, its lawyers said. The suit alleges that Amazon made use of non-public data provided by retailers selling goods on Amazon's Marketplace to offer cheaper rival products for sale directly to consumers...

Teamsters update: The union has recently aligned with Amazon workers, won three elections and signed a new deal with a Ryder unit. The post Teamsters tie up with Staten Island Amazon union, win other elections appeared first on FreightWaves...

These companies have come back strong after the bear market, proving their worth as long-term investments...

Amazon joined the Dow Jones Industrial Average in February, and Nvidia could be the next company selected after its stock split in June...

Amazon plans to increase capital expenditures in 2024 to support the growth of AWS and generative AI. Read why I continue to rate AMZN stock as a buy...

The retail technology giant previously limited its grocery operations to members of its Prime subscription service...