Hoping to settle two European Union (EU) antitrust probes, Amazon offered concessions on Thursday (July 14), including fair treatment to third-party sellers and banning the use of nonpublic data to compete with the merchants on its eCommerce site. The European Commission (EC), the 27-nation bloc’s...
Today is Thursday, July 7 and the weekly jobless claims report and data on international trade come out this morning. Following scandal and criticism, U.K. Prime Minister Boris Johnson is set to resign today but will likely stay on in a transitional role until October....
Livestream shopping has taken off in China but has failed to launch in the U.S. market, something Amazon is looking to change by attracting the right influencers to promote goods on its platform. “Livestream shopping is the future of retail,” Amazon Vice President of Advertising...
Amazon may be deeply embedded in consumers’ daily routines in so many aspects of their life — from ordering household essentials to streaming content — but the behemoth has yet to make a dent in competitor Walmart’s lead in food and beverage categories. Now the...
Amazon could earn a 2% to 15% stake in food delivery firm Grubhub as part of a deal with parent company Just Eat Takeaway.com that offers Amazon Prime customers a free membership to the service and no-fee delivery from select restaurants. Just Eat Takeaway will...
With Independence Day now in the rearview mirror, Americans — and shoppers around the world — are gearing up for the next big summer holiday: Amazon Prime Day, set for July 12-13 in more than three dozen countries. At a time when cash-strapped shoppers are...
Turns out that not many people order burgers at a restaurant that sells pasta and pizza, even though they’re a menu option. But many did from MrBeast Burger, a delivery-only brand that debuted in December of 2020, made by chefs in an Italian restaurant. Named...
Amazon’s cloud storage unit Amazon Web Services (AWS) could be headed to a value of $3 trillion, nearly three times what the entire company is worth. That’s according to Alex Haissl, a Redburn Ltd. analyst quoted by Bloomberg News Wednesday (June 29). Haissl also said...
Seeing eventual limitations to simply giving Alexa commands — “Alexa, buy milk,” “Alexa, turn the AC down,” — Amazon’s engineers believe the voice recognition AI needs to think for itself. At Amazon’s re:MARS event that wraps up Friday (June 24) in Las Vegas after four days...
