Tag: $Amazon

Walmart Inc., Amazon.com and fast-growing e-commerce sites Shein and PDD Holding’s Temu saw record-breaking sales on Black Friday and Cyber Monday, according to spending data, suggesting that they may finish the holiday season on a much stronger note than Target and Best Buy which struggled.

Apple is currently using Amazon Web Services’ custom artificial intelligence chips for services like search and will evaluate if the company’s latest AI chip can be used to pretrain its models like Apple Intelligence.

Amazon announced a new slate of artificial intelligence platforms, known as foundation models, at its annual AWS conference, allowing for text, image and video generation, among other things.

The nuclear-power renaissance hit a speed bump after a federal commission limited how much power Amazon could use from a nuclear reactor in Pennsylvania. 

Amazon stock popped almost 6% in premarket trading on Friday after the company reported stronger revenue and earnings per share for the third quarter than Wall Street expected.

Amazon Web Services (AWS), the U.S. e-commerce giant’s cloud division, announced plans to invest £8 billion ($10.45 billion) over the next five years to build and operate data centers in the U.K. as it ramps up its cloud computing efforts in the country.

Since June, Amazon has opened seven other stores in California, Illinois, Maryland, New Jersey and Virginia, with more locations expected this year and into next. The company said it’s also launching five redesigned stores in Illinois and California this week.

 Amazon shares fell almost 8% in early trading in Frankfurt on Friday after reporting slowing online sales growth in the second quarter and noting consumers were seeking out cheaper options for purchases.

Warner Bros. Discovery notified the NBA on Monday that it will pay roughly $1.8 billion per year to match an offer from Amazon to carry a package of the league’s games, setting up a last-second buzzer-beating attempt by TNT’s parent company to retain the broadcast rights to the games.

The European Commission said on Friday it had requesting Amazon provide more information on the measures the U.S. e-commerce giant has taken to comply with its Digital Services Act (DSA) obligations.

Amazon’s international arm is on track to swing to an annual profit as moves to streamline the retailer’s logistics operations bear fruit after years of losses. The $131bn unit, which serves Amazon’s customers outside North America, looks set to report an operating profit of $1.6bn this year, rising to more than $5bn next, according to analysts in a recent Refinitiv poll.

Italian payments group Nexi said it had signed a partnership with Amazon’s local arm allowing clients of the e-commerce giant to shop on its Italian website paying with a local debit card service dubbed BANCOMAT Pay.

Amazon plans to launch a new section on its site dedicated to low-priced fashion and lifestyle items that will allow Chinese sellers to ship directly to U.S. consumers, CNBC has learned.

Walmart Inc. and Amazon.com Inc. have announced their competing summer shopping events, offering discounts on a wide range of goods to inflation-weary consumers.

Europe’s biggest food delivery firm Just Eat Takeaway said on Wednesday it has struck a deal to offer Amazon Prime members in Germany, Austria and Spain free delivery of food orders above 15 euros ($16.13).

Tech giant Amazon’s cloud computing unit AWS will invest 15.7 billion euros ($17.02 billion) in data centres in Spain’s northeastern Aragon region, it said on Wednesday, significantly boosting its expansion plan in the country.

Amazon reported better-than-expected earnings and revenue for the first quarter, driven by growth in advertising and cloud computing. The stock ticked higher in extended trading.

The U.K.’s Competition and Markets Authority is opening invitations to comment for interested third parties to give their views on major partnerships Microsoft and Amazon struck with smaller AI firms.

Eli Lilly said Amazon Pharmacy will help deliver certain prescription drugs, including the popular weight loss treatment Zepbound, directly to patients’ homes through the drugmaker’s new direct-to-consumer website. 

Amazon is set to join the Dow Jones Industrial Average, replacing Walgreens Boots Alliance effective next week, S&P Dow Jones Indices said on Tuesday.