Amazon CEO denies full in-office mandate is ‘backdoor layoff’
By Reuters Published November 5, 2024 Amazon CEO Andy Jassy said at an all-hands meeting on Tuesday that the plan to require employees to be in-office five days per week …
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Amazon’s plan to tackle Temu, Shein? Sell more everyday essentials
Published November 1, 2024 Amazon’s push to offer more everyday essentials like toothpaste is hurting its average selling prices, but it is also a guard against rivals such as Temu …
Amazon’s improving retail sales boost Q3 profit, revenue beats estimates
By Reuters Published November 1, 2024 Amazon.com on Thursday posted third-quarter profit and sales above Wall Street estimates, helped by favorable retail sales, sending its shares up 5.7% after the …
Amazon says consumers cautious, forecasts revenue below Wall Street targets
By Reuters Published Aug 2, 2024 Amazon.com reported slowing online sales growth in the second quarter and said cautious consumers were seeking out cheaper options for purchases, sending shares down …
Amazon results beat estimates; revenue forecast misses
By Reuters API Published May 1, 2024 Amazon.com reported quarterly results above Wall Street’s expectations on Tuesday, as interest in artificial intelligence helped drive cloud-computing growth. Reuters Shares of the …
Amazon posts AI-fueled cloud, ecommerce growth, shares jump
By Reuters Published Feb 2, 2024 Amazon.com beat fourth-quarter revenue expectations on Thursday as new generative AI features in its cloud and ecommerce businesses spurred robust growth during the critical …
Amazon’s playbook for happy holidays: discounts, same-day delivery
By Reuters Published Oct 29, 2023 Generative AI will be Amazon’s secret weapon this holiday season, leveraging data from its more than 160 million Prime subscribers to improve ad targeting …
Amazon: Amazon’s cost-cutting measures lead to big jump in profits: All the details
Amazon reported strong third-quarter results on Thursday, with revenue growth and operating income both tripling year-over-year.Net sales increased 13% to $143.1 billion in the third quarter, compared with $127.1 billion …
Amazon’s cloud stabilizing, shoppers cautious heading into holiday season
By Reuters Published Oct 27, 2023 Amazon.com on Thursday said growth in its cloud business is stabilizing as it signed new deals, but warned that consumers remained wary about spending …
Amazon invests in one of the ‘most-valued’ AI startups, and why it may be good news for tech industry
Internet giant Amazon has announced that it will invest up to $4 billion in cash in artificial intelligence (AI) startup Anthropic. The announcement comes as the world’s biggest technology companies …