Welcome to our dedicated page for Amazon.Com news (Ticker: AMZN), a resource for investors and traders seeking the latest updates and insights on Amazon.Com stock.
Amazon.com, Inc. (NASDAQ: AMZN) is a leading multinational technology company based in the United States, renowned for its expansive e-commerce platform, robust cloud computing services, advanced artificial intelligence capabilities, digital streaming services, and online advertising. Founded in 1994 by Jeff Bezos, Amazon has grown into the world’s largest online retailer and marketplace for third-party sellers, with retail-related revenue contributing approximately 75% of its total income. International sales, particularly from Germany, the United Kingdom, and Japan, make up 25% to 30% of non-AWS sales.
Amazon Web Services (AWS), a pivotal segment contributing around 15% to its revenue, provides cloud computing, storage, and database solutions, and is integral to numerous enterprise operations worldwide. AWS has recently announced several innovative capabilities, including the addition of new models and features to Amazon Bedrock, enhancing generative AI applications. Amazon also extends its focus on artificial intelligence with the launch of Amazon Q Developer and Business, aimed at improving coding accuracy and leveraging enterprise data, respectively.
In e-commerce, Amazon continuously innovates to improve customer experience, such as its recently introduced grocery delivery subscription for Prime members, which offers unlimited grocery deliveries from Amazon Fresh, Whole Foods Market, and other local stores. The company also recently announced a significant partnership extension with Whole Foods Market, ensuring a continued supply chain relationship through 2032. Additionally, Amazon has expanded its entertainment footprint, offering a broad range of original content through Amazon Studios and streaming exclusive sports events on Prime Video.
The company’s commitment to operational excellence is reflected in its latest financial results for Q1 2024, with net sales increasing by 13% year-over-year to $143.3 billion and operating income reaching $15.3 billion, significantly up from $4.8 billion in the previous year. Amazon’s strategic investments in infrastructure, such as new AWS regions and data centers, further underscore its dedication to growth and innovation. Guided by principles like customer obsession and long-term thinking, Amazon continuously seeks to enhance its diverse portfolio of products and services to meet evolving customer needs globally.
Tripadvisor has announced a collaboration with Audible to enhance travel experiences through audio entertainment. This partnership allows travelers to access Audible's vast library of audiobooks and podcasts along with personalized "Trip Playlists" created by Tripadvisor Plus. The promotion includes discounts for Audible members, 90-day free trials for Tripadvisor Plus members, and free trials for all Tripadvisor members. This initiative aims to enrich travel, making it more enjoyable and informative.
Amazon has announced a significant expansion of its education and skills training benefits for its U.S. employees, with a $1.2 billion investment through 2025. The initiative will cover full tuition for over 750,000 operations employees, as well as GEDs and ESL certifications. Three new training programs in data center technology, IT, and user experience design will also be introduced. This move aligns with findings from the Amazon-Gallup American Upskilling Study, which shows 70% of workers would change jobs for free training.
Amazon has launched its first-ever Fire TV smart TVs: the Omni Series and 4-Series, along with the Fire TV Stick 4K Max. The Omni Series TVs offer hands-free Alexa voice control and 4K Ultra HD, starting at $409.99. The 4-Series provides exceptional 4K quality at affordable prices, starting at $369.99. The Fire TV Stick 4K Max boasts 40% more power and Wi-Fi 6 support for improved streaming performance, retailing at $54.99. All devices will be available in the U.S. next month, with introductory discounts on select models.
Amazon and Best Buy have launched new smart TVs featuring Fire TV built-in from Pioneer and Toshiba. The Pioneer series includes 4K UHD options in 43” and 50” sizes, set to ship late September and early November, respectively. The Toshiba series features far-field voice capabilities via Alexa and will be available in larger sizes, launching in Spring 2022. This collaboration expands the existing range of over 80 Fire TV models since 2018, responding to increased consumer demand with millions sold and average ratings of 4.4 stars.
Amazon.com, Inc. (NASDAQ:AMZN) announced the redemption of $1 billion of its outstanding 3.300% Notes, maturing on December 5, 2021, effective October 5, 2021. The redemption price will equal 100% of the principal amount plus any accrued interest. Following the redemption date, these Notes will cease to accrue interest and will no longer be outstanding. This move reflects Amazon's strategic financial management and capital allocation efforts.
Amazon has deployed over 140,000 relief items from its Disaster Relief Hub in Atlanta to assist communities affected by Hurricane Ida, which struck Louisiana as a Category 4 storm on August 29. The company aims to support Save the Children in aid efforts by delivering essential supplies like water, hygiene products, and children's items within 72 hours of the disaster. Amazon's proactive strategy utilizes a vast logistics network and data analysis to enhance response times for future emergencies, having donated over 15 million products since 2017.
Amazon has launched the Agroforestry and Restoration Accelerator in the Brazilian Amazon, partnering with The Nature Conservancy. This initiative aims to restore 20,000 hectares of rainforest and support 3,000 farmers, while removing up to 10 million metric tons of carbon dioxide by 2050, equivalent to emissions from 2 million cars. The project is part of Amazon's commitment to The Climate Pledge, aiming for net-zero carbon by 2040, and also supports sustainable income for local communities through agroforestry practices.
Amazon has launched a new Career Center and two delivery stations in Hampton Roads, Virginia, contributing to the creation of more than 27,000 jobs in the state since 2010. The new facilities will operate as hubs for package delivery, enhancing efficiency in the company’s logistics network. With over
Amazon has announced the opening of two new delivery stations in Hanover and Baltimore, Maryland. The Hanover facility spans 194,000 square feet, while the Baltimore station covers 72,000 square feet. These stations will create hundreds of jobs and enhance delivery efficiency for customers. Notably, Amazon has generated over 29,000 jobs in Maryland since 2010 and invested more than $9.5 billion there. Furthermore, the company aims to upskill 100,000 employees with a $700 million investment by 2025.
Amazon is set to hire over 40,000 corporate and tech roles across 220 locations in the U.S. and tens of thousands of hourly positions. On September 15, the company will host its largest-ever Career Day to offer personalized coaching sessions for job seekers and current employees, with over 1,200 recruiters providing 20,000 sessions. A survey shows 40% of job seekers reconsidering their careers due to the COVID-19 pandemic. Amazon aims to support workers in navigating their career paths and learning new skills amidst changing labor market dynamics.
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