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This is what could happen next to Amazon shares...

A U.S. appeals court revived a lawsuit accusing Whole Foods of illegally firing a worker who refused to remove her "Black Lives Matter" facemask and complained about racism at the upscale grocery chain. In a 3-0 decision released on Wednesday, the 1st U.S. Circuit Court of Appeals said the firing of Savannah Kinzer, an outspoken critic who worked in a Cambridge, Massachusetts, store, "arguably deviated" from Whole Foods' disciplinary process. The Boston-based panel also upheld the dismissal of similar claims by two other workers, Haley Evans and Christopher Michno, finding no proof that Whole Foods' discipline of them was unusual...

That level is one of the highest among pundits following the company...

With rising inflation, American consumers are increasingly turning to the Chinese e-commerce platform Temu for their shopping needs. With its enticing tagline “Shop like a billionaire,” Temu has captured 17% of the U.S. market share, posing a challenge to traditional American retailers such as Amazon.com Inc., Dollar Tree Inc. and Five Below Inc. The rise highlights the lucrative and disruptive nature of startups. Owned and operated by PDD Holdings Inc. (NASDAQ:PDD), Temu offers a wide range of...

JioCinema, the streaming platform run by India's Reliance Industries, on Thursday cut prices of its premium offering to as low as 29 rupees ($0.3480) a month, heating up competition for Netflix and Amazon Prime. Reliance runs multiple TV channels and JioCinema streaming app through its media unit Viacom18 and has a sizeable hold over India's $28-billion media and entertainment market. An advertisement-free version would start at an introductory price of 29 rupees per month for streaming on a single device and go up to 89 rupees for a "Family" plan to stream on four simultaneous devices, JioCinema said in a statement...

Hawaiian Airlines won’t fly as many cargo jets for Amazon as expected this year because of supply issues and Amazon’s timing preference for integrating aircraft into the fleet. The post Hawaiian Airlines slowly adds freighters for Amazon business appeared first on FreightWaves...

Amazon.com Fined by Italian Antitrust Regulator for 'Unfair' Commercial Practices...

Tesla Inc (NASDAQ:TSLA) may install 85,000 Nvidia Corp (NASDAQ:NVDA) H100 chips by year-end to train its artificial intelligence (AI) models. If CEO Elon Musk proceeds with this plan, Tesla will surpass tech giants like Amazon.Com Inc (NASDAQ:AMZN) and Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google as a significant Nvidia customer. During Tesla’s first quarterly earnings report for 2024, Musk disclosed that the company currently possesses 35,000 H100 chips, the most advanced and expensive grap...

Amazon.Com, Inc. (NASDAQ:AMZN) is establishing cloud regions in Southeast Asia in response to customer demands for secure local data storage. “The reason for this is that many of our customers have been asking for that. They really wanted something local such that they can meet, for example, local data storage requirements, or protection of personal identifiable information,” CNBC cites from Amazon’s Chief Technology Officer Werner Vogels’ interview. Amazon Web Services (AWS), Amazon’s cloud com...