Shares of Amazon plunged on after-hours trading on Thursday after the company predicted less than spectacular sales for the important holiday shopping season. Amazon shares were down almost 20 percent in extended trading after the Seattle-based tech giant predicted revenue would be $140–148 billion in the three-month period ending the year, missing out on analysts’ average estimate of $156 billion….
Amazon Shares Plunge After Tech Giant Forecasts Disappointing Holiday Sales
Amazon Will Use Hawaiian Airlines to Operate Cargo Planes
HONOLULU—Hawaiian Airlines will operate 10 cargo planes for Amazon.com starting next fall under a deal that could eventually involve more planes and give Amazon a 15 percent stake in the airline. The airline’s parent company, Hawaiian Holdings Inc., said Friday that it will fly and maintain an “initial fleet” of 10 leased Airbus A330-300 jets…
Russia Fines Amazon Over Banned Content for First Time
MOSCOW—A Moscow court on Tuesday said it had fined Amazon.com Inc. 4 million roubles ($65,000) for failing to remove banned content relating to drug use and suicide, the first such penalty in Russia for the U.S. tech giant. Russia has fined other foreign tech firms for not removing content, part of what critics say is…
Amazon Workers Vote Overwhelmingly to Reject Union Bid in Upstate New York
Amazon warehouse workers near Albany, New York, voted overwhelmingly against forming a union by almost a 2–1 margin, delivering a blow to the fledgling labor movement trying to build momentum at one of America’s biggest employers. Workers at Amazon’s ALB1 warehouse in the town of Schodack cast 206 votes for and 406 votes against joining a…
Amazon’s 2nd Prime Day Sees Thrifty Shoppers as Inflation Woes Weigh
Amazon.com, Inc. shoppers largely skipped expensive purchases during its second Prime sale for 2022. The customers favored pantry items and affordable gifts over big-ticket items like televisions and laptops, Bloomberg reported. The average order size as of 1 p.m. in New York on October 12 was $46.44, down 23 percent from the “Prime Day” sale…
Amazon’s Answer to Elon Musk’s Starlink Gets New Space Ride for 2023 Launch
Amazon.com Inc. said Wednesday that satellites for its Project Kuiper internet program will be launched by the new Vulcan rocket in early 2023. The Jeff Bezos-founded company said in a statement that its first two satellites—Kuipersat-1 and Kuipersat-2—will be launched on the maiden flight of the United Launch Alliance’s (ULA) new Vulcan Centaur rocket early…
Amazon’s Prime Day-Like Event Kick-Starts Holiday Discount Frenzy Amid High Inflation
Amazon.com Inc. fired up the holiday shopping season with its second major sales event of the year as rivals from Walmart to Best Buy joined in with discounts to woo customers grappling with inflation-squeezed Christmas budgets. The two-day “Prime Early Access Sale” shopping event for Amazon members, which starts Tuesday, is much like the Prime…
Amazon.com to Invest Over 1 Billion Euros in European Electric Van, Truck Fleet
LONDON—Amazon.com Inc. said on Monday it will invest more than 1 billion euros ($974.8 million) over the next five years in electric vans, trucks, and low-emission package hubs across Europe, accelerating its drive to achieve net-zero carbon. The retailer said the investment was also aimed at spurring innovation across the transportation industry and encouraging more…
Amazon to Hire 150,000 Workers Ahead of Holiday Season
Amazon.com Inc. said on Thursday it would hire 150,000 employees in full-time, seasonal, and part-time roles across its operations in the United States ahead of the upcoming holiday season. The world’s largest online retailer, which hired the same number of workers last year September, said the new roles are for packing, picking, sorting, and shipping…
Amazon ‘Suspends 50 Workers’ Who Protested, Refused to Work After Fire Broke Out in Warehouse
Amazon suspended 50 workers who refused to work after a fire broke out at its Staten Island warehouse, union leaders confirmed on Tuesday. Amazon Labor Union noted in a statement on Twitter that the suspension was “clear retaliation against workers who refused to work in unsafe conditions.” The suspensions came after hundreds of workers participated in a…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`