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.
Amazon Web Services (AWS) announced its partnership with Mercado Libre, selecting AWS as its primary cloud provider. This collaboration aims to enhance Mercado Libre's data-driven transformation, improving user experiences and accelerating service launches. Mercado Libre, the largest e-commerce provider in Latin America, will leverage AWS's scalable infrastructure and machine learning services to analyze over 25 terabytes of transaction data daily. This strategic move will support Mercado Libre's growth and operational efficiency, particularly during peak shopping periods.
Amazon Web Services (AWS) has been chosen by Zalando as its preferred cloud provider, fully adopting AWS for machine learning operations. This partnership aims to enhance Zalando's online shopping experience for over 35 million customers across 17 countries by utilizing AWS’s machine learning services for personalized recommendations and operational efficiency. Zalando will also leverage AWS technologies to optimize supply chain management and improve data insights, thereby reducing IT management time by over 30%.
Amazon Music has announced a new three-part holiday concert series titled “Amazon Music Holiday Plays,” hosted by Lil Nas X. The series premieres on December 1 and features performances from artists including Miley Cyrus, Kiana Ledé, and Foo Fighters. Each episode will showcase unique sets, Q&A sessions, and both new music and holiday classics. The concerts will be available through the Amazon Music app and on-demand via Prime Video until December 31.
Amazon.com (NASDAQ: AMZN) is enhancing holiday gift deliveries with 'spoiler-free' options, allowing customers to keep gifts secret during the festive season. Key features include real-time tracking via Amazon Map Tracking, Share Tracking for sharing updates, Photo-On-Delivery for visual confirmation, and estimated delivery windows. Prime members can consolidate deliveries to a single day and utilize in-garage delivery for added security. Additionally, customers can select alternative delivery locations and use Alexa to prevent gift information disclosure. These innovations aim to improve customer experience during the holidays.
Amazon has announced its Best Books of the Year list for 2020, naming Brittany K. Barnett's memoir A Knock at Midnight as the top selection. This memoir addresses the complexities of the criminal justice system and seeks to raise awareness about the injustices faced by many Americans. The Top 10 list includes various genres, showcasing titles such as Migrations by Charlotte McConaghy and The Vanishing Half by Brit Bennett. An Amazon Live Author Series event is planned to celebrate these selections.
Amazon (NASDAQ: AMZN) and Global Optimism announced that Henkel has joined The Climate Pledge, committing to reach net-zero carbon by 2040, well ahead of the Paris Agreement goal of 2050. Signify, which achieved carbon neutrality in 2020, also joins to share best practices. Signatories will measure emissions, adopt decarbonization strategies, and offset unreduced emissions to achieve net-zero. Henkel plans a 65% reduction in its carbon footprint by 2025, aiming for 75% by 2030, with 100% renewable energy usage by then.
Amazon Web Services (AWS) has launched the AWS Network Firewall, a managed security service designed for streamlined network protection across AWS workloads. Customers can quickly enable it within their Amazon Virtual Private Cloud (VPC), benefiting from automatic scaling and no extra charges. The service offers a customizable rules engine, supports integration with existing security setups, and includes advanced protections like intrusion detection and packet filtering. AWS Network Firewall is now available in US East, US West, and Europe, with plans for expansion.
Amazon.com, Inc. (NASDAQ: AMZN) has been recognized as the low price leader in Profitero's latest "Price Wars" study, which assessed prices across 18,400 products from various retailers including Walmart, Target, and Home Depot. The study revealed Amazon consistently offered the lowest prices in 21 product categories, with substantial savings in Home Furniture (35%), Vitamins and Supplements (34%), Health and Personal Care (26%), and Beauty (22%). This recognition underscores Amazon's commitment to delivering competitive pricing to customers.
Amazon is gearing up for Black Friday Deals Week from November 20-27, offering tens of thousands of deals across various categories, including electronics, home goods, toys, and fashion. Customers can shop through the Amazon app or at smile.amazon.com, supporting charities via AmazonSmile. Early holiday shopping is on the rise, with popular categories including home and Amazon devices. Amazon is also emphasizing support for small businesses with special collections. Customers can expect competitive pricing, extended return policies, and fast delivery options throughout the holiday season.
Amazon announced the launch of a new fulfillment center in Madison County, Mississippi, creating over 1,000 full-time jobs with competitive pay and benefits. This facility, featuring advanced robotics technology, is the first of its kind in the state and aims to enhance customer service in the region. Employees will receive a minimum wage of $15 per hour along with comprehensive benefits starting from day one, including medical, dental, and 401(k) plans. The project underscores Amazon's commitment to upskilling 100,000 U.S. employees with a $700 million investment.
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