Amazon to cut 16,000 corporate jobs
Digest more
Amazon.com Inc. today announced a round of layoffs that will affect about 16,000 employees.
Amazon.com Inc. has reached a settlement, which plaintiffs counsel estimates to total $1 billion, in consumer fraud class action litigation targeting its return policy.
Amazon.com Inc. is shuttering its Amazon-branded grocery stores and automated grab-and-go markets, eliminating two centerpieces of its push into physical retail.
Amazon.com, Inc. (NASDAQ:AMZN) is one of the AI Stocks in Focus on Wall Street. On January 27, Stifel analyst Mark Kelley raised the price target on the stock to $300.00 from $295.00 on Tuesday, while maintaining a Buy rating.
A U.S. bankruptcy judge has dismissed Amazon.com Inc.‘s (NASDAQ:AMZN) attempt to block a proposed financing deal to aid Saks Global Enterprises during its Chapter 11 bankruptcy. On Thursday, Judge Alfredo Perez approved a preliminary $400 million financing package for Saks following a courtroom battle between the retailer and several creditors,
Amazon ranked well in a new American Customer Satisfaction Survey. It is by far the largest among its rivals in terms of revenue.
Amazon.com, Inc. (NASDAQ:AMZN) is one of the best stocks to buy, according to billionaire Bill Ackman. On January 13, TD Cowen reiterated a Buy rating on Amazon.com, Inc. (NASDAQ:AMZN) and raised the price target to $315 from $300.
At is current pace of growth, Amazon will have over $1 trillion in revenue by 2028. Its growth is likely to be supercharged by artificial intelligence.