Months after President Donald Trump tweeted criticisms of the U.S. Postal Service (USPS), news has surfaced that the president had personally asked U.S. Postmaster General Megan Brennan to double its shipping rates for Amazon and other firms. If that were to occur, Amazon and other...
The healthcare venture formed by Amazon, Berkshire Hathaway and JPMorgan Chase is having a hard time finding a CEO. According to CNBC, the search for a CEO started around the time the three companies announced that they were teaming up to create an independent healthcare...
Amazon is closer to choosing the location of its next headquarters after completing the process of visiting all 20 finalist cities. Last year, the eCommerce giant issued a request for proposals (RFP) from local and state government officials as it looks to open its second...
Seattle’s city council has approved a new tax for the city’s biggest companies, including Amazon, to combat a housing crisis impacting the city’s working class. According to Reuters, the crisis is caused partly by the local economic boom that has increased real estate costs. The...
Amazon.com is stepping up its battle for grocery store dominance, launching a new loyalty program with Whole Foods for Prime customers on Wednesday (May 16). According to a report in Reuters, the much-anticipated program gives Prime members 10 percent off hundreds of items and deals on...
Amazon and Fidelity Labs have teamed up to create a digital financial advisor that people can interact with using a virtual reality headset. According to Fortune, the demonstration on Tuesday (May 15) helped to showcase Amazon’s Sumerian VR and augmented reality developer tools available to...
Amazon could match Walmart in terms of U.S. sales in two to three years time if JPMorgan’s prediction proves true. According to a report in CNBC, citing JPMorgan, Amazon’s gross merchandise volume in the U.S. is on track to match Walmart’s net sales in the U.S....
The Amazon Go store is getting ready to expand into San Francisco and Chicago. The first cashierless Amazon Go store opened in January in Seattle after being in development for five years. It’s located on the ground floor of the eCommerce giant’s new headquarters. Customers...
Amazon is testing out a new display ad offering that will allow merchants selling on the site to buy spots that will follow shoppers around the web to get them back to Amazon to make a purchase. According to Bloomberg, this move can have a...
