Monness Crespi analyst Brian White notes Amazon.com Inc. shares have trailed this year’s “healthy market rally” after a strong stock performance in 2020, but after having attended AWS re: Invent earlier December 2021, he views that Amazon is “uniquely positioned to exit this crisis as one of the biggest beneficiaries of accelerated digital transformation.” White notes that…
Amazon Workers Walk Off Job, Say the Company Cut Break Times Because the Pandemic Is ‘Supposedly’ Over
By Amanda Breen Dozens of Amazon employees at two Chicago-area facilities walked off the job during the final stretch of holiday deliveries on Wednesday, citing the company’s shortened break times and unwillingness to increase wages, Business Insider reports. The walkouts took place at Amazon’s delivery centers in Gage Park and Cicero, according to the Chicago…
Woman Brought to Tears by Amazon Driver’s Reaction to Surprise ‘Thank You’ Gift at Doorstep
A Tennessee woman who leaves gift cards for delivery drivers on her porch to express her gratitude was moved to tears by one driver’s reaction. She shared the touching doorbell camera footage online, in hopes of inspiring others to say thank you to those who work hard to make our lives easier. Christine Long, who lives…
Amazon Among Key Tech Firms to Drop CES Plans on COVID-19 Concern
Amazon Inc., Facebook parent Meta Platforms Inc., Twitter Inc. and Pinterest Inc. will not send teams to the Consumer Electronics Show (CES) in Las Vegas as concerns grow about Omicron, the firms said on Tuesday. CES, which serves as an annual showcase of new trends and gadgets in the technology industry has attracted more than…
Sens. Rubio and Brown Issue Bipartisan Call for Probe Into Amazon Labor Practices
Sens. Marco Rubio (R-Fla.) and Sherrod Brown (D-Ohio) have asked the Labor Department for a full federal probe into Amazon’s labor practices, with the two lawmakers citing recent reports that suggest potential employment law violations, “troubling working conditions,” and “improper treatment” of Amazon employees. Rubio and Brown said in a Dec. 20 letter to U.S….
Amazon Holding Off on Plans to Ban Cell Phones From Warehouses
Amazon.com Inc. is holding off on plans to ban cell phones from the company’s warehouses after six workers died when a facility in Edwardsville, Illinois collapsed after being struck by a tornado on Dec. 10. What Happened The e-commerce giant had previously planned to prohibit employees from bringing mobile phones into Amazon warehouses, then on Friday workers received a…
India Spooks Amazon by Suspending 2019 Future Group Deal, Cites Suppression of Information
NEW DELHI—India’s antitrust agency suspended Amazon.com‘s 2019 deal with Future Group on Friday, potentially denting the U.S. e-commerce giant’s attempts to block the sale of Future’s retail assets to an Indian market leader. The regulator ruled that the U.S. company had suppressed information while seeking regulatory approval on an investment into Indian retailer Future Group…
Bad Omen for Tesla? Here’s What Happened to Amazon Stock After Jeff Bezos Was Time’s ‘Person of the Year’
Controversial and influential Tesla Inc. CEO Elon Musk was recently named Time Magazine’s “Person of the Year” for 2021. The award is a tremendous honor for Musk, but some long-time Amazon.com, Inc. investors may still have nightmares about the time Amazon founder and former CEO Jeff Bezos was also named Time’s “Person of the Year.”…
This Day in Market History: Henry Blodget’s Spectacular Amazon Call
Each day, Benzinga will take a look back at a notable market-related moment that happened on this date. What Happened? On Dec. 16, 1998, CIBC Oppenheimer analyst Henry Blodget raised his price target for Amazon.com Inc. from $150 to $400. Where Was the Market? The S&P 500 closed at 1,161.94, and the Dow closed at…
US, Australia Police to Access Each Other’s Residents’ Messaging Data
December 16, 2021
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The United States and Australia are tightening their crime fighting alliance, with a new landmark agreement that could see law enforcement agencies in both countries have easier access to the communications data of each other’s residents. It comes under the Clarifying Lawful Overseas Use of Data (CLOUD) Act passed in 2018 requiring all U.S.-based cloud…
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