Amazon disappoints market as sales growth slows
New boss Andy Jassy had a tough start to his new job, having replaced Jeff Bezos a month ago
Company
Amazon.com Inc
NASDAQ:AMZN
Amazon.com Inc provides a range of products and services to customers. The products offered through its stores include merchandise and content that it purchased for resale and products offered by third-party sellers. The company manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo and Ring, and it develops and produces media content.
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Bitcoin slips as Amazon denies plans to accept crypto payments
A spokesman for the ecommerce giant said reports that the firm was planning to accept Bitcoin payments by the end of the year were "not true"
Amazon mulls alliance with Slack, Dropbox to challenge Microsoft in office apps market
The ecommerce giant is reportedly in talks with multiple firms to create a bundle of apps in direct competition with Microsoft’s 365 product suite, as well as bolster its Amazon Web Services against its rival's Azure cloud computing arm
Amazon and Google face UK probe into fake review policing
Investigation will assess if pair have broken competition law by being too lax
Amazon destroying millions of unsold items each year, investigation finds
Undercover footage filmed at one of the ecommerce giant’s UK fulfilment centres revealed multiple products including TVs, laptops, headphones, books and even facemasks were sorted into boxes marked for destruction
Amazon’s Indian competition probe to be fast-tracked
The Competition Commission of India is reportedly expediting its investigation into the e-commerce giant after restarting the probe last week following a court battle
Amazon’s India woes ensnare Sunak’s in-laws
The ecommerce giant is facing scrutiny over a joint venture it owns in partnership with a firm controlled by the billionaire family of Sunak's wife Akshata Murthy
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S&P 500 climbs to a new record while the Dow nearly falls flat
Coloring the day's session, the US consumer price index was showing a gain of 5% in May, up from the 4.7% forecast and the 4.2% seen in April
Amazon’s data use to be probed by CMA
The investigation will reportedly focus on how the e-commerce giant uses the data it collects on its platform and how it decides which merchants to display in its “buy box” panel
Amazon Web Services in crosshairs as global corporate tax rules are agreed
Finance ministers for the G7 met over the weekend to shake up global tax rules.
Amazon, Reddit, Twitch and other major sites briefly knocked offline by major internet outage
Other pages caught up in the shutdown included the website of the UK government as well as craft shopping site Etsy
Amazon drops cannabis drug testing for some employees, supports Federal legalisation
Amazon doesn't currently sell cannabis products, but, it is supporting a bid for full Federal legalisation in America.
Amazon.com agrees US$8.45bn deal to buy MGM
The Bond film series has earned almost US$7bn to date, according to MGM’s website.
Amazon set to shake-up and stir streaming rivals if it lands MGM deal
"No Time to Die" is set for cinema release in October though by then it might stream exclusively on Amazon Prime too.
Amazon in talks to buy MGM to take fight to Disney and Netflix
Buying MGM would give the ecommerce giant access to MGM’s extensive library, which includes the James Bond franchise
Amazon unveils plans to hire 10,000 UK workers as part of expansion strategy
The new roles will increase the ecommerce giant's UK workforce to 55,000 by the end fo the year
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Wall Street mood turns from bad to worse as Dow swoons to 700 down in final minutes
Sentiment took a hit after the US consumer price index rose 4.2% year-over-year in April, up from 2.6% in March and much higher than the forecast of 3.6%
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Dow adds more than 300 points to record close, Nasdaq turns positive in afternoon jump
Traders reacted to jobless claims falling to 498,000 last week, well below the 538,000 expected
Amazon paid zero European taxes last year, filings show
The ecommerce giant's European business, Amazon EU Sarl, avoided paying any tax in 2020 due to reporting a €1.2bn loss in the year, despite sales rising to a record €44bn
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Wall Street ends Friday in the red after GDP Data disappoints
Even though it lost ground Friday, the S&P 500 managed to grow 5% in April