Welcome!
Amazon Inc
Tech
Why the sentiment has changed for once hot fintechs
The US stock market surges and Nasdaq shines, but fintech struggles amidst rising interest rates and regulatory shifts.
July 11, 2024
Markets
Bezos to sell US$5 bil of Amazon as shares hit record high
Bezos would still hold nearly 912 million shares, or about 8.8% of Amazon, following the latest sale.
July 04, 2024
Global Economy
Briefs: Yen poised for big swings; London Metal Exchange looks to set up warehouse in HK; Amazon hits US$2 tril in value
In other news this week, companies accused of "climate-washing" are increasingly finding themselves the target of litigants.
June 27, 2024
US stocks
Amazon hits US$2 trillion in value as AI frenzy fuels rally
Shares rose 3.9% on Wednesday to close at US$193.61, pushing the market value to more than US$2 trillion.
June 27, 2024
Digital Economy
Amazon commits US$9 bil to double Singapore cloud investment
The outlay, to be done over the next four years, doubles Amazon Web Services’ investment in Singapore.
May 07, 2024
Digital Economy
TikTok eyes US$17.5 bil shopping business on Amazon’s turf
ByteDance’s video app is fast expanding beyond advertising, as TikTok Shop seeks to significantly grow size of US business.
January 04, 2024
Tech
Amazon to invest US$12.7 bil in India cloud services by 2030
The US company’s cloud business already invested US$3.7 billion in the country from 2016 to 2022.
May 18, 2023
Tech
Amazon is closing its cashierless stores in NYC, San Francisco and Seattle
The affected stores will remain open until April 1, the company said Friday.
March 05, 2023
US Economy
Biden calls for antitrust measures to rein in power of Big Tech
Biden's comments marks the first time the word “antitrust” has been used in the State of the Union since 1979
February 08, 2023
US Economy
Amazon plans to cut 10,000 jobs in largest-ever layoffs for e-commerce giant
Amazon employed 1.54 million people at the end of September
November 15, 2022
