A worker handles a package at the Amazon fulfillment center in Baltimore, Maryland, April 30, 2019. Clodagh Kilcoyne | Reuters Amazon is relaxing its attendance policy for warehouse workers and other employees due to the continued spread of the coronavirus. The company informed employees Sunday that it will not count any unpaid time (UPT) off […]
Tag: Amazon.com Inc
Amazon sellers scramble to keep products in stock amid coronavirus
A woman wears a masks in Chinatown following the outbreak of the novel coronavirus, in Chicago, Illinois, U.S. January 30, 2020. Kamil Krzaczynski | Reuters For Zev Bernard, who sells baseball and softball equipment on Amazon, February tends to be one of the busiest times of the year, with athletes, coaches and fans gearing up […]
Dow 2-day drop totals 1,910, Kudlow doesn’t help, Cramer stays away
This is a live blog. Check back for updates A trader works at the New York Stock Exchange in New York, the United States, on Feb. 24, 2020. Photo by Wang Ying | Xinhua | Getty 4:01 pm: Dow drops 3%, bringing 2-day point loss to 1,910 Major averages slid on Tuesday, accelerating Monday’s sharp […]
Dow futures down 770, airlines slide, Apple drops
Traders work on the floor of the New York Stock Exchange. Brendan McDermid | Reuters This is a live blog. Please check back for updates. 8:32 am: Chipmaker stock ETFs fall sharply The VanEck Vectors Semiconductor ETF (SMH) and the iShares PHLX Semiconductor ETF (SOXX) were both down more than 3% in the premarket, putting […]
Microsoft senior leadership team under Satya Nadella
Microsoft President and Chief Legal Officer Brad Smith, CEO Satya Nadella, Executive Vice President and Chief Financial Officer Amy Hood and Chairman John Thompson pictured at the Microsoft annual meeting of shareholders in Bellevue, Washington, on November 30, 2016. Jason Redmond | AFP | Getty Images) Satya Nadella has almost completely changed the group of […]
Atomico raises $820 million fund to back European start-ups
The partners of European venture capital firm Atomico. Atomico Atomico, the venture capital firm founded by Skype co-founder Niklas Zennstrom, has raised $820 million for a new fund — the biggest since it was set up by the billionaire in 2006. The firm plans to cash in on the ongoing “renaissance” in Europe’s tech sector, […]
Amazon’s Jeff Bezos pledges $10 billion to launch Earth Fund for combating climate change
Amazon founder and CEO Jeff Bezos speaks at the new Amazon Spheres opening event at Amazon’s Seattle headquarters in Seattle, Washington, U.S., January 29, 2018. Lindsey Wasson | Reuters Amazon founder and CEO Jeff Bezos on Monday announced the launch of a new Earth Fund that the e-commerce chief plans to use to combat the […]
As Walmart ramps up e-commerce, analysts wait to see OR watch to see if losses will rise or shrink
As Walmart’s online sales grow, the retailer has seen another number grow, too: Its e-commerce losses. Analysts are waiting to see whether those losses have peaked or if they’ll continue to rise. The Bentonville, Arkansas-based retailer is spending heavily to compete against Amazon. It’s seen that pay off with significant sales growth, especially in its […]
Why EBITDA earnings are used by so tech companies like Uber and Yelp
Warren Buffett (L), CEO of Berkshire Hathaway, and Vice Chairman Charlie Munger attend the 2019 annual shareholders meeting in Omaha, Nebraska, May 3, 2019. Johannes Eisele | AFP | Getty Images In Uber’s earnings report last week, the acronym EBITDA showed up 42 times. Pinterest used it 25 times the same day. The term showed […]
US to evacuate Americans from cruise ship, first death in Europe
This is a live blog. Please check back for updates. All times below are in Beijing time. 8:12 pm: China announces policies to support businesses hit by virus The China Banking and Insurance Regulatory Commission (CBIRC) issued a notice on Saturday urging banks to strengthen loans to the manufacturing sector at better rates, and to […]