Amazon.com Inc. shifted staff working on its Paris-based drone research and development center to new projects, Bloomberg reports. The staff shift marks another setback in the company’s delivery project. The dozen-strong team, which previously focused on drone navigation, was reassigned to new Amazon roles from September 2020 onward. The team now mainly focuses on Covid-testing…
Amazon Reallocates Staff From Paris Drone R&D Center to Covid Testing Software
Analysts Bump Up Price Targets on Affirm Post Q1 Top-Line Beat, Amazon Deal
Analysts hailed Affirm Holdings Inc.’s quarterly results and the Amazon.com Inc. deal by raising their price targets. Barclays analyst Ramsey El-Assal notes Affirm reported a “strong” fiscal Q1 beat and raise. Still, the more critical headline is announcing an exclusive partnership with Amazon, where Affirm will now be the sole buy now pay later provider…
Elon Musk’s Net Worth Takes $50 Billion Hit in Two Days After CEO Contemplates Selling Off 10 Percent of Company Stock
Elon Musk’s net worth has plunged $50 billion in just two days after the Tesla CEO asked his Twitter followers whether he should sell 10 percent of his stake in the company, Bloomberg reports. Musk, the world’s richest person, took to the social media platform on Nov. 6 to pitch a poll with his 63.1…
Amazon Seeks US Approval to Deploy 4,500 Additional Satellites for Internet Project
WASHINGTON—Amazon.com is seeking approval from U.S. communications regulators to deploy more than 4,500 additional satellites as part of the company’s effort to deliver broadband internet to areas around the world that lack high-speed service. Amazon had said previously it planned to spend at least $10 billion to build 3,236 such satellites through its Project Kuiper…
Amazon Fires up Challenge With Tesla CEO’s SpaceX
Amazon.com Inc.’s (AMZN) Kuiper Systems LLC sought permission from U.S. regulators to launch another 4,538 satellites, Bloomberg reports. The additions would bring Kuiper’s constellation to 7,774 satellites. Amazon aims to bolster its constellation as it competes with Tesla Inc. CEO Elon Musk’s SpaceX for broadband-from-space customers. Kuiper and Musk’s Space Exploration Technologies Corp. each applied…
Amazon Stock Soars Through Resistance: What’s Next?
Amazon.com Inc fell 5 percent at one point in the trading session following its third-quarter earnings miss, where the company also printed disappointing guidance for the fourth quarter. Bulls immediately came in and bought the dip. However, and the stock has been working to erase its losses. One analyst, James Lee at Mizuho, said the…
Amazon Will No Longer Require Vaccinated US Warehouse Employees to Wear Masks at Work
November 4, 2021
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Amazon will no longer require vaccinated U.S. warehouse employees to wear masks at work starting on Tuesday unless they are mandated to do so by state or local laws, a spokesperson confirmed. “Throughout the COVID-19 pandemic, the health and safety of our employees has been our number one priority,” an Amazon spokesperson told The Epoch Times…
NTD Business Full Broadcast (Nov. 3)
The federal reserve announcing its plan to start pumping less money into the economy. What does it mean for the market and for you? Mixed messaging from Democrats. As they try to raise taxes on the rich, some are also considering a massive tax cut– by getting rid of the cap on state and local…
Amazon Drivers to Receive Nearly $60 Million in Withheld Tips After Tech Giant Reaches Settlement With FTC
More than 140,000 Amazon drivers will receive nearly $60 million in withheld tips after the company reached a settlement with the the Federal Trade Commission (FTC) on Tuesday. The funds will serve as reimbursement for tips that Amazon allegedly illegally withheld from drivers over a two-and-a-half year period between 2016 and 2019, the FTC said in a…
Ford-Backed Tesla Rival Rivian Looks to Raise $8.4 Billion in IPO: What You Need to Know
Rivian Automotive Inc, an electric vehicle manufacturer backed by Amazon.com Inc. and Ford Motor Co., is looking to raise about $8.4 billion in an initial public offering. What Happened Rivian plans to sell up to 135 million shares in the range of $57 to $62 per share, which would translate to funds raised around $8.4…
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