Tag AMZN
The labor market flashed some warning signs at the end of last year. Open positions also dropped at the end of 2023 compared with the beginning of the year, while employees are quitting at a lower rate than before the pandemic began. The unemployment rate of 3.7% is near a 50-year low, and it is looking more likely that the U.S. will avoid a recession that many economists predicted last year...
Continue Reading
Amazon and Alphabet both have significant AI exposure through cloud computing...
Continue ReadingAmazon (AMZN) partners with Salesforce to integrate Buy with Prime into the latter's Commerce Cloud platform...
Continue ReadingMicrosoft (MSFT) and OpenAI are making significant advancements in the AI space with the launch of the GPT store by creating a marketplace for specialized chatbot agents...
Continue Reading
Amazon.com did not file remedies to the European Commission over its proposed $1.7 billion acquisition of iRobot by the deadline. According to The Wall Street Journal, the deadline for companies to submit remedies to the European Commission when a merger proposal is being looked into typically falls on the 65th working day of Phase 2 of the investigation. As of Thursday morning, the European Commission website had not been updated with any concession from Amazon...
Continue ReadingSkydance Media is said to be pursuing a bid for Paramount, Amazon and Google are cutting jobs, and other news to start your day...
Continue ReadingGoogle is cutting hundreds of jobs and the departures include the co-founders of wearables company Fitbit. The news comes in the wake of a similar move at Amazon com and is a sign that big technology companies still think there’s scope to trim spending after last year’s mass layoffs. Google-parent Alphabet cut employees in multiple teams including those working on Google’s Assistant program, hardware, and internal software tools, the company said Wednesday...
Continue ReadingStock splits themselves don't lift stocks -- but they could help us find that next great investment...
Continue ReadingAlphabet's Google, Amazon and Airbnb need not comply with an Italian rule requiring them to provide information on the companies as they are already subject to laws in Ireland and Luxembourg where they are located, an adviser to Europe's top court said on Thursday. The spat between the companies and the Italian government concerned a regulation obliging online service providers operating in Italy to join a register and submit various information as well as pay a financial contribution. Google, Amazon and Airbnb subsequently challenged the rule in an Italian court, saying it was contrary to EU legislation which says online service providers are only subject to the rules of the country where they are established, while countries where they provide a service must refrain from applying their laws...
Continue ReadingCummins to pay record $1.675B civil penalty in vehicle test cheating settlement. iRobot plunges to session lows amid report Amazon won't offer remedies in Europe. SEC approves bitcoin ETFs...
Continue Reading