Amazon to hire 75,000 workers and will pay $100 bonus if they have Covid vaccine

Amazon is hiring 75,000 workers across its warehouse and delivery network in the U.S. and Canada, the company said Thursday. The company will also offer a $100 bonus to new warehouse and transportation hires who show proof of their COVID-19 vaccination. Amazon said the jobs will offer an average starting pay of $17 per hour,… Continue reading Amazon to hire 75,000 workers and will pay $100 bonus if they have Covid vaccine

Published
Categorized as News Tagged

EU court rejects an order for Amazon to pay back $300 million in taxes

Amazon won its appeal against the European Commission on Wednesday, who had ordered the tech giant to pay back 250 million euros ($303 million) in taxes to Luxembourg. The EU’s general court said that the commission, the EU’s executive arm, failed to prove that there was an illegal tax advantage given to Amazon by Luxembourg.… Continue reading EU court rejects an order for Amazon to pay back $300 million in taxes

Amazon says its ad-supported video reaches more than 120 million viewers a month

Amazon said Monday its ad-supported streaming video content now reaches more than 120 monthly users every month. The company said this is up from 20 million monthly viewers of that content in January 2020. Twitch is one main driver of the growth — although Amazon acquired the company in 2014, it only recently added ad… Continue reading Amazon says its ad-supported video reaches more than 120 million viewers a month

Amazon is spending big to take on UPS and FedEx

Amazon has long set its sights on being the fastest in the online delivery race. Its first-quarter earnings report on Thursday revealed just how much it’s willing to spend to get there. On an earnings call with investors, Amazon CFO Brian Olsavsky said the company’s capital expenditures, which include things like logistics expansion and the… Continue reading Amazon is spending big to take on UPS and FedEx

Published
Categorized as News Tagged

Tech giants’ earnings showed their absolute dominance

The tech industry is really two industries. There are the five giants, which operate at an almost unimaginable scale, and then there’s everybody else. Alphabet, Amazon, Apple, Facebook and Microsoft all reported March quarter earnings this week, and some of the numbers that came out showed how dominant they are. In many cases, relatively small… Continue reading Tech giants’ earnings showed their absolute dominance

Amazon’s cloud division reports 32% revenue growth

Amazon said Thursday that its market-leading cloud business grew revenue 32% in the first quarter, a faster pace than analysts had expected and accelerating from 28% growth in the fourth quarter. The Amazon Web Services division is critical to Amazon’s expansion plans thanks to its profitability. It appeared in 2006, before rivals such as Microsoft… Continue reading Amazon’s cloud division reports 32% revenue growth

Amazon will report first-quarter earnings after the bell

Amazon is set to report first quarter earnings after the bell Thursday. Here’s what analysts are expecting: Earnings: $9.54 per share, according to RefinitivRevenue: $104.47 billion, according to Refinitiv Few companies have benefited from the pandemic-fueled surge of online shopping as much as Amazon. The company notched record profits and revenue last year, while CEO… Continue reading Amazon will report first-quarter earnings after the bell

Amazon is raising eyebrows in Ireland with reports of a new e-commerce hub

Amazon has been firmly bedded down in Ireland for years but looks primed to expand its presence even further. The e-commerce giant is reportedly opening its first fully fledged fulfilment center in Dublin to service the Irish market. Ireland has been served from the U.K. for years but this allows Amazon to avoid Brexit-related headaches… Continue reading Amazon is raising eyebrows in Ireland with reports of a new e-commerce hub

Labor board will hold hearing on objections to Amazon union election on May 7

The National Labor Relations Board will hold a hearing on May 7 to review objections to a recent union election at one of Amazon’s Alabama warehouses, according to the union that led the campaign. In an April 16 complaint, the Retail, Wholesale and Department Store Union accused Amazon of interfering in the closely watched union… Continue reading Labor board will hold hearing on objections to Amazon union election on May 7

Needham sees Uber rallying 30%, predicts creation of an Amazon Prime-like service for local delivery

Uber’s expansion outside of ridesharing is poised to make the company’s offerings an attractive subscription bundle that will drive the stock higher, according to investment firm Needham. Needham analyst Bernie McTernan initiated coverage of the company on Monday night with a buy rating, saying that the company’s push further into the delivery space during the… Continue reading Needham sees Uber rallying 30%, predicts creation of an Amazon Prime-like service for local delivery

Published
Categorized as News Tagged