Hackers are at it again. This time, it may be the biggest ransomware demand in history. Jeff Bezos is no longer the CEO of Amazon. Today, he officially hands over the reins to Andy Jassy, former head of Amazon Web Services. The Chinese regime has banned Ride-hailing app Didi from the app store in China,…
China Courts US Consumers Through a Familiar Storefront in Amazon
News Analysis “Made in China” is a phrase all U.S. consumers are intimately familiar with. In past decades, that term referred to a major branded product sold at U.S. stores manufactured by factories located in China. For example, a Matchbox car bought from Toys ‘R Us and made in China by Mattel. Today, U.S. consumers…
Amazon to Grant New CEO Jassy Over $200 Million in Stock
Amazon.com Inc plans to award incoming Chief Executive Andy Jassy more than $200 million in extra stock, which will pay out over 10 years, the company said in a regulatory filing on Friday. Amazon will record the grant of 61,000 shares on July 5, the filing said. That’s the date Jassy succeeds Jeff Bezos in…
Amazon, Google Face Formal Fake Review Inquiry in Britain
Britain’s competition regulator started a formal investigation on Friday into whether Amazon and Google may not have done enough to prevent or remove fake reviews. Along with regulators in the United States and the European Union, the Competition and Markets Authority (CMA) has stepped up its scrutiny of big tech firms in recent years. The…
Amazon Donated Hundreds of Copies of ‘Antiracist’ Book to Virginia Public School, Report Says
Amazon donated hundreds of copies of a book by critical race theorist Ibram X. Kendi to an Arlington, Virginia, high school, and paid the book’s co-author to address the students and teachers, according to recently uncovered emails between the company and school district officials. The emails, obtained by watchdog group Parents Defending Education (PDE) via…
NTD Business Full Broadcast (June 21)
Amazon Prime Day is here, a day of full of sales on Amazon.com. Usually great for both customers and businesses, but some are having problems coming out of the pandemic. American Airlines is cancelling hundreds of flights. It’s blaming high demand and not enough workers. Bitcoin took a dive today, after China expanded its crackdown on…
Amazon Opens Its Largest-Yet Cashierless Grocery
By Katherine Anne Long From The Seattle Times Amazon’s long-awaited Fresh grocery store in Bellevue, Wash., opened Thursday to crowds—and a twist. The company revealed in a surprise announcement earlier this week that the store is the company’s first full-size Fresh grocery equipped with cashierless technology, powered by a vast array of motion-aware ceiling cameras…
Cal State Fullerton Receives Historic $40 Million Donation
June 16, 2021
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In a surprise announcement, billionaire MacKenzie Scott and her husband, Dan Jewett, announced June 15 that they were donating more than $2.74 billion to 286 different organizations throughout the country including a $40 million donation to California State University–Fullerton (CSUF). Scott’s fortune has been estimated by Forbes to be approximately $60 billion, with a four…
Amazon Deliveryman Helps Evacuate Elderly Woman and Grandchild From a Burning House
An Amazon driver who helped an elderly woman and her granddaughter safely evacuate from a burning house in Woodbridge, New Jersey, was honored for his heroic act. On the afternoon of May 20, Wakie Medina was on his usual delivery trip in Crows Mill Road in the Fords section when he noticed smoke emitting from…
Bezos Bids Farewell as CEO and Addresses Criticism at Amazon Shareholder Meeting
Amazon founder Jeff Bezos on Wednesday led his last shareholder meeting as CEO, announcing the date on which he’ll pass the reins to his replacement while highlighting challenges going forward and pushing back against claims that Amazon has become too big and powerful. Bezos, the second-richest person in the world after French luxury fashion magnate Bernard Arnault,…
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