Amazon.Com Inc - AMZN STOCK NEWS

Amazon (NASDAQ: AMZN) unveiled a $2 billion Housing Equity Fund aimed at creating and preserving over 20,000 affordable housing units in key regions, including Washington State's Puget Sound, Arlington, Virginia, and Nashville, Tennessee. This initiative targets moderate- to low-income families with incomes between 30% and 80% of the area's median income. Initial investments include $381.9 million for 1,300 homes in Arlington and $185.5 million for 1,000 homes in Washington. The Fund also allocates $125 million in grants to minority-led organizations and public agencies to address the affordable housing crisis.

Amazon (NASDAQ:AMZN) has announced the acquisition of eleven Boeing 767-300 aircraft, enhancing its air cargo capacity. This includes seven planes from Delta and four from WestJet, expected to join its fleet by 2022. Amazon Air's expansion aims to meet growing customer demand for fast shipping, with the new purchases allowing for better operational management. Significant investments have been made in sustainable aviation fuel and electric ground services, underlining Amazon's commitment to long-term growth and customer service.

Amazon (AMZN) is set to open its first fulfillment center in Louisiana, located in Carencro, expected to launch in 2021. The facility will create over 500 full-time jobs with competitive pay and comprehensive benefits from day one. Covering one million square feet, it will handle larger items such as patio furniture and outdoor equipment. Amazon's commitment to employee development includes funding up to 95% of tuition for in-demand courses. The company has invested over $250 million in Louisiana over the last decade, contributing to the creation of over 750 indirect jobs.

Amazon.com plans to open two fulfillment centers and a delivery station in San Antonio, Texas, creating over 1,500 new full-time jobs with competitive pay and benefits starting on day one. The new facilities, including a 1 million square-foot center for bulky items and a 750,000 square-foot robotics center for smaller items, will enhance Amazon's logistics capabilities. The delivery station will support last-mile delivery and create additional jobs. Texas Governor Greg Abbott and local leaders express optimism about the investment, which reflects Amazon's significant economic impact in the region.

Amazon (AMZN) announced its week-long NFL Holiday Blitz, featuring exclusive broadcasts of NFL games on Prime Video. The event includes key matchups, such as the Vikings vs. Saints on Christmas Day and the 49ers vs. Cardinals on December 26. Both games will be accessible to over 150 million Prime members without additional charges. The announcement highlights various programming and alternate audio options for fans, enhancing the viewing experience. The Vikings-Saints game will air on Christmas Day at 4:30 PM ET, while the 49ers-Cardinals game will follow on December 26 at the same time.

Amazon.com plans to open its first fulfillment center in Sioux Falls, South Dakota, projected to launch in 2022. This facility will create 1,000 full-time jobs offering competitive wages and benefits from day one, including medical, dental, vision insurance, and a 401(k) match. The center, covering 640,000 square feet, will use robotics to manage operations efficiently. Amazon's investment in South Dakota since 2010 has exceeded $1 million and is expected to contribute significantly to the local economy.

Amazon.com (NASDAQ: AMZN) has announced plans to open a new fulfillment center in North Little Rock, Arkansas, creating over 500 full-time jobs with competitive pay and comprehensive benefits. The center, set to launch in 2021, will cover one million square feet and focus on shipping larger customer items. This expansion reflects Amazon's commitment to investing in local communities and enhancing its operational capacity. The company prioritizes employee welfare, offering a minimum wage of $15 per hour and extensive benefits like medical coverage and parental leave.

Amazon (NASDAQ: AMZN) has introduced extended return policies for the 2020 holiday season, allowing items purchased between October 1 and December 31, 2020, to be returned until January 31, 2021. Customers can enjoy easy returns with no box or label needed at over 500 Whole Foods Market locations, as well as various Amazon physical stores. This initiative is aimed at providing convenience and support during an unpredictable holiday season, enhancing customer confidence with a seamless return experience.

Amazon Web Services (AWS) announced that Star Alliance is migrating its entire IT infrastructure to AWS, aiming to reduce costs and enhance operational flexibility. By moving to the cloud, Star Alliance expects a 25% reduction in total cost of ownership and a 30% decrease in infrastructure expenses during the COVID-19 pandemic. The transition enables faster application development and improved customer services, including real-time baggage tracking. AWS's extensive cloud services will allow Star Alliance to innovate and adapt to changing travel demands, enhancing customer experience and operational resilience.