Amazon CEO boasts success of site’s pharmacy due to rampant crime in cities
Gerald Storch, CEO of Storch Advisors and former CEO of Toys R Us, responded to a new report that finds shoplifting has increased 24% across the US so far this year. The shopping platform’s CEO believes high crime rates in US cities are contributing to customers flocking to Amazon. Increasingly unpleasant experiences visiting urban pharmacies […]
Amazon shares plummet on weak revenue forecast
Amazon’s shares fell sharply in after-hours trading after the company forecast lower-than-expected sales for the current quarter and its second-quarter profit beat Wall Street expectations. Amazon’s focus on the success of its AWS cloud computing platform did not please investors, with the Seattle-based company’s shares falling more than 6% in after-hours trading. “We continue to […]
Amazon responsible for hazardous 3rd-party products and recall, federal agency says
See what’s clicking on FoxBusiness.com The US Consumer Product Safety Commission (CPSC) said on Tuesday that global e-commerce company Amazon is responsible for recalling hundreds of thousands of dangerous third-party products sold on its website. The 400,000 products under recall for being defective or not meeting federal consumer product safety standards include faulty carbon monoxide […]
Amazon liable for recalled, hazardous products sold online, US agency rules
Correction: The headline of this story has been updated. Reflecting that The CPSC is an independent federal agency.. The US Consumer Product Safety Commission (CPSC) ruled on Tuesday that Amazon is legally liable for the recall of more than 400,000 dangerous products that were sold by third-party sellers on its website and packaged and shipped […]
Biden administration rules Amazon liable for recalled, hazardous products sold online
The US Consumer Product Safety Commission (CPSC) ruled on Tuesday that Amazon is legally liable for the recall of more than 400,000 dangerous products that were sold by third-party sellers on its website and packaged and shipped by the company. The CPSC unanimously found Amazon to be a “seller” of defective products sold through its […]
Cookbook author was Amazon best-seller but may have been AI
It looks like a recipe for catfish. The author of an Amazon “bestselling” cookbook appears to be nothing more than an artificial intelligence hoax, news reports and readers say. At first glance, the authenticity of “The Complete Crockpot Cookbook for Beginners” looks like a real crock. The author is Luisa Florence, and according to her […]
Dow Jones Futures: Fed Meeting, Mag 7 Apple, Amazon, Meta, Microsoft Earnings Loom – Investor's Business Daily
Dow Jones futures fell ahead of the stock market open on Tuesday, along with S&P 500 futures and Nasdaq 100 futures. The Federal Reserve’s policy meeting gets underway on Tuesday, followed by big earnings reports from the Magnificent Seven companies. apple (AAPL), Amazon (Amazon), Meta Platform (Meta) and Microsoft (MSFT) is due to be released […]
Amazon driver caught speeding down Georgia sidewalk in TikTok video: ‘ETA: Right now’
An Amazon driver was caught on video speeding illegally on a Georgia sidewalk. Upload to TikTok. The driver may have been trying to respond to the company’s slogan “ETA: Now” emblazoned large on Prime delivery trucks, as seen in the video. An Amazon driver was caught speeding and ignoring the law on a Georgia sidewalk. […]
Amazon bleeding billions of dollars from Alexa speakers: report
Amazon’s Echo smart speaker, which features the virtual personal assistant Alexa, has reportedly cost the company billions of dollars in losses despite strong sales and popularity around the world. CEO Andy Jassy, who took over the helm of the Settle-based e-commerce giant in 2021 following the departure of billionaire founder Jeff Bezos, is looking to […]
TNT matches Amazon NBA rights deal as potential legal battle looms
TNT and the NBA may be on the brink of a legal battle. TNT, a subsidiary of Warner Bros. Discovery, announced its intentions Monday to continue broadcasting the league in a deal that will match the NBA’s broadcast rights deal. ESPN has retained the NBA Finals in the NBA’s next rights package, while NBC and […]