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.
BMO Financial Group has selected AWS as its preferred cloud provider to modernize its banking platforms and enhance digital financial services. This partnership will leverage AWS's cloud capabilities, including analytics and machine learning, to streamline operations and strengthen security compliance. BMO aims to migrate strategic workloads, develop a data lake, and improve customer experience through Amazon Connect. With over 12 million customers and $950 billion in assets, BMO expects this collaboration to accelerate its digital transformation and innovation in financial services.
Amazon Web Services (AWS) has launched AWS Proton, a service designed to simplify the management of microservices for container and serverless applications. AWS Proton allows infrastructure teams to create standardized application stacks, streamlining the deployment and monitoring process. The service is available at no upfront cost, with customers only paying for the AWS resources they utilize. This launch aims to address challenges in managing numerous microservices, enhancing developer productivity while ensuring adherence to best practices and security standards.
Amazon.com (NASDAQ: AMZN) announced its selection for 2021’s Best Books of the Year So Far, with Great Circle by Maggie Shipstead taking the top spot. The Amazon Books Editors reviewed numerous new releases, highlighting a diverse range of genres suitable for summer reading. Editor Sarah Gelman emphasized the importance of escapism in their selections. The list features works that explore various cultures and experiences, aiming to connect readers with meaningful narratives. A live discussion with featured authors will occur on June 9, 2021, at 1:30 PM PT.
Amazon (AMZN) announces its upcoming Prime Day on June 21-22, marking the event's seventh year with over 2 million deals globally, the highest ever. Prior to Prime Day, members can access hundreds of thousands of early deals across various categories, including electronics, fashion, and home essentials. Notably, starting June 13, discounts of up to 70% on Echo devices will be available. Additionally, a new promotion offers $10 credits for members who shop small businesses, part of a $100 million investment to support them. Prime membership benefits continue to enhance customer experience.
The Amazon Literary Partnership announced over $1 million in grant funding to 80 nonprofit literary organizations across the U.S. This initiative aims to empower diverse and marginalized voices within the literary community. Key grants of $140,000 each were awarded to the Academy of American Poets and the Community of Literary Presses and Magazines to support various poetry organizations and literary magazines. Since 2009, the partnership has provided $14 million in funding to over 150 organizations, impacting tens of thousands of writers.
(NASDAQ:AMZN)—Amazon has announced the Prime Day Show, a three-part musical event featuring artists Billie Eilish, H.E.R., and Kid Cudi, premiering on June 17 on Prime Video. The shows, available for 30 days, blend music and storytelling in unique settings, such as Paris and outer space. Eilish will release exclusive merchandise on the same day. The announcement coincides with Prime Day on June 21-22, during which members will enjoy over 2 million deals. Subscribers can access the official Prime Day Show playlist now on Amazon Music.
Amazon (NASDAQ: AMZN) has launched the Amazon Returnship program, aimed at helping professionals, particularly women, re-enter the workforce after job loss or underemployment, especially due to COVID-19. The initiative plans to hire 1,000 professionals, offering a 16-week paid opportunity in various roles. Participants receive tailored support and coaching, with the potential for full-time positions afterward. The program reflects Amazon's commitment to upskilling the workforce, aligning with its goal to provide free cloud computing training to 29 million people globally.
Amazon was ranked the No. 1 U.S. company for investment by the Progressive Policy Institute (PPI) for the second consecutive year. In 2020, Amazon invested $34 billion in American infrastructure, resulting in over 400,000 new jobs. The investments included logistics, green initiatives, and tech expansions, bolstering economic recovery during the pandemic. Amazon's infrastructure projects aim to enhance delivery, promote sustainability, and support community health.
(NASDAQ: AMZN)—Amazon has announced its annual Prime Day event scheduled for June 21 and 22, featuring over 2 million deals across various categories. The event is available to Prime members in multiple countries and includes exclusive offers on fashion, electronics, and more. Amazon is dedicating over $100 million to support small businesses during this period. Additionally, Amazon is hiring 75,000 new employees and increasing pay for its fulfillment network. However, Prime Day plans are postponed in Canada and India due to COVID-19 concerns.
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