Tag: Amazon

When all companies became tech companies – Axios

Data: FactSet; Chart: Axios Visuals. Tech companies dominated the 2010s, with the FANG stocks (Facebook, Amazon, Netflix, Google) helping the S&P 500 return more than 350% over the course of the decade. The index would have done even better had it included Domino’s Pizza, which is also a tech company. Why it matters: These companies don’t look like the tech firms of earlier decades. They don’t manufacture computer hardware; neither do they sell software. They don’t even make high-tech planes, like Boeing, or high-tech cars, like Tesla. All these companies are in very mature industries. In terms of where they ... Read more

Apple, Microsoft, Amazon, Alphabet now worth combined $4 trillion — Quartz

Last year, it was a big deal when Apple became the first listed company to reach a $1 trillion valuation. It only a lasted a few months, and the iPhone maker dropped out of the exclusive club in the broad market decline at the end of the year. In the last few months of this year, a rally as significant as the selloff in 2018 pushed Apple’s market capitalization comfortably back above the trillion mark. Long-time rival Microsoft got there first, in fact, and both now sit at around $1.3 trillion in valuation. Together, they added a whopping $970 billion ... Read more

Amazon’s year of turbulence – Axios

Amazon hit new highs. The company briefly crossed a trillion dollars in value, becoming the second company to do so after Apple. It broke ground on a new headquarters in D.C. And it crossed 100 million Prime members in the U.S. This Cyber Monday was Amazon’s highest volume day ever. But the tech giant made plenty of enemies along the way. Amazon is fighting with President Trump, who has turned the firm into a frequent Twitter target. It’s suing the Pentagon over a $10 billion dollar defense contract. It has been singled out more than any other company by 2020 ... Read more

Lawsuit accuses Ring, Amazon of failing to secure cameras

Dec. 27 (UPI) — An Alabama man has sued Ring and the home security camera-maker’s parent company, Amazon, accusing them of failing to protect their products from hacking. The lawsuit, filed Thursday in federal court in California, stems from an incident in which a hacker accessed John Baker Orange’s Ring camera and used it to interact with his three children playing basketball in the driveway. Orange said the hacker encouraged his children to move closer to the camera. The lawsuit says that though Ring promises customers “peace of mind,” the cameras “fail to deliver on its most basic promise.” “Lax ... Read more

Nasdaq hits 9,000 for first time as year-end market rally continues

Dec. 26 (UPI) — U.S. stocks surged higher Thursday as a year-end rally stoked by bullish economic news pushed the Nasdaq Composite index to 9,000 for the first time in its history. The Nasdaq closed at 9,022.39 after rising 69.51 points, or 0.78 percent, while the S&P 500 also posted a fresh all-time high at 3,239.91 at closing, while the Dow Jones Industrial Average rose about 105 points, reaching a peak of 28,621.39. The rally has been gathering momentum as the year draws to a close and was pushed along Thursday on news that retail sales for the just-concluded holiday ... Read more

UPS expects 1.9 million returns Jan. 2

Dec. 26 (UPI) — United Parcel Service said Thursday it is forecasting a record 1.9 million returns during National Returns Day on Jan. 2, up 26 percent from a year ago. A UPS statement said returns have changed dramatically over the years because now customers and businesses anticipate returns, while more returns are being made for gifts purchased online. E-commerce giant Amazon, for example, is trying to ease the pain of returns by offering one free return for the holiday season on millions of items — an expansion of an existing program. “For retailers, a seamless returns process is essential ... Read more

Electric vehicle startup Rivian hauls in a $1.3 billion fundraising round – Axios

Electric truck startup Rivian capped off a remarkable fundraising year by announcing its largest round yet on Monday — a $1.3 billion investment led by T. Rowe Price, Amazon, Ford and BlackRock. Why it matters: Rivian’s cool-looking pickup truck and SUV prototypes grab attention as potential rivals to Tesla, but it’s the automaker’s decision to share its underlying technology — a versatile electric “skateboard” chassis — that has investors excited about the company’s potential. Amazon has ordered 100,000 electric delivery vans based on Rivian’s platform and Ford is reportedly planning a future Lincoln SUV based on it. Rivian’s business-to-business play ... Read more

Despite MSM’s Shilling, Anti-Kavanaugh Book’s Sitting at #7,000 on Amazon

Remember the halcyon days when we were talking about impeaching Supreme Court Justice Brett Kavanaugh? We’ve all moved onto bigger game when it comes to impeachment targets, but whatever happened to that fleeting moment when the Democrats thought they could somehow extract a pound of flesh for Merrick Garland? That whole line of thinking, it’s probably worth remembering, was inspired by a piece in The New York Times by Robin Pogrebin and Kate Kelly, the authors of “The Education of Brett Kavanaugh: An Investigation.” In the book, the authors claimed they’d uncovered another incident of sexual misconduct by Kavanaugh — ... Read more

Walmart expands grocery delivery to 200 cities nationwide

Sept. 12 (UPI) — Walmart announced Thursday it will expand its unlimited grocery delivery to 1,400 stores nationwide this fall, after testing the concept in four markets this year. The retailer said the service will launch in 200 metropolitan areas by the end of the year. “With Delivery Unlimited, we’re providing incredible value for our customers and leveraging our unique assets to save them both time and money,” Walmart Chief Customer Officer Janey Whiteside said in a statement. Pilot testing was done in Houston, Miami, Salt Lake City and Tampa, Fla. The service costs $12.95 per month or $98 annually, ... Read more

Amazon Gears Up for Hiring Spree, Looks To Fill 30,000 Well-Paying Jobs in 6 Cities

Amazon wants to find 30,000 people to hire and is holding six job fairs Sept. 17 as a first step to filling its vacancies. The jobs, which vary by region, start at $15-an-hour positions in warehouses to ship orders and go all the way up the ladder to software positions that can pay more than $100,000 a year. The openings are the most Amazon has ever had at one time, The New York Times reported. The job fairs will be held in Arlington, Virginia; Boston; Chicago; Dallas; Nashville, Tennessee; and Seattle, CBS News reported. Amazon created a link for its ... Read more