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Equities in 'Tailspin' as Stocks Hit the 'Trump Slump'

Not since the Great Depression have US stocks seen such a bad April slide, Bloomberg reports

(Newser) - US stocks haven't seen a second-quarter start like this in 90 years—90 years ago being the kickoff to the Great Depression. Bloomberg looked at the numbers and reports on the April slide: 2.2% for the S&P 500, a drop that hasn't been surpassed since 1929'...

Amazon Might Move Into Toys R Us Locations

It's considering buying some of the stores to showcase its own products

(Newser) - Amazon might buy some Toys R Us stores—but if you've been waxing nostalgic and bemoaning the impending death of the iconic toy chain , don't get excited. Amazon isn't looking to continue the Toys R Us brand, it's just interested in the vacant retail space, sources...

Amazon Announces Rare Round of Layoffs

Company still hiring 'aggressively' in some areas

(Newser) - After a ramp-up in hiring last year, Amazon says it will cut a "small" number of positions at its Seattle headquarters. The company did not give an exact number, but the Seattle Times , citing a person familiar with the cuts, says they affect a few hundred people. That would...

Seattle Has a New Landmark
Seattle Has a New Landmark
Jan 29, 2018 4:37 PM CST

Seattle Has a New Landmark

Jeff Bezos opens 'Spheres' conservatory for Amazon.com

(Newser) - Amazon.com boss Jeff Bezos has inaugurated his striking rainforest conservatory built of glass and white steel in downtown Seattle. "The Spheres" domed structure that opened Monday is the newest headquarters building for the online retail behemoth, per the AP . Bezos and his wife, MacKenzie, were on hand to...

Amazon Jacks Up Price of Monthly Prime Membership

But those who pay the annual fee of $99 will see no increase

(Newser) - Amazon is raising the price of its Prime membership monthly plan by nearly 20%, although the fee of $99 for an annual membership will not change. The online retailer had added the monthly payment option about two years ago as a way to hook shoppers—especially during the holiday season—...

Amazon Reveals 20 Finalists for 2nd HQ

Some 'shoo-ins,' but also some surprises

(Newser) - North American cities and regions have been going to "unusual extremes" to vie to become Amazon's second headquarters, reports the New York Times , and the online giant announced a short list Thursday, with just one city—Los Angeles—out of the 20 hailing from the West Coast. The...

Amazon Pulls Product That May Promote 'Unnecessary Surgery'

British secular group complained about circumcision kits

(Newser) - British people hoping to order circumcision training kits from Amazon as bizarre last-minute Christmas gifts are out of luck. The retailer removed the kits from its British website after a complaint from the country's National Secular Society that it could "encourage unqualified practitioners to carry out unnecessary surgery...

Net Worth of Jeff Bezos Now Has 11 Zeroes

Bloomberg says he's cracked $100B

(Newser) - Jeff Bezos, of course, gained entry to the billionaires' club years ago. This week, however, Bloomberg reports that the founder and CEO of Amazon reached a far higher echelon: the club of those worth $100 billion. In fact, at the moment, the 53-year-old Bezos is in that club all by...

Are Amazon's 'Last Mile' Drivers 'Utterly Expendable'?

Gizmodo says contracted workers aren't exactly living the dream that job ads push

(Newser) - Amazon has an open secret that few pay heed to: a "nearly invisible workforce" that works to get consumers their packages on demand, per Gizmodo . Bryan Menegus dives into the company's Flex program, responsible for the firm's "last-mile" service, which involves getting ordered goods to a...

To Woo Amazon, One City Bought 1K of Its Products

Kansas City, Mo., isn't the only location that's trying hard

(Newser) - America's cities are so eager to land Amazon's second headquarters that they're going to some unusual extremes in the hopes of securing what is said to be a $5 billion investment and 50,000 new jobs. Moody's Analytics ranked what it sees as the likeliest candidates,...

Blue Apron Is Laying Off Hundreds of Workers

Move follows rough few months for meal-kit company

(Newser) - Crushed by Amazon? Blue Apron is cutting about 320 jobs, less than four months after the meal-kit seller became a public company. New York-based Blue Apron, which had nearly 5,400 employees in June, says the layoffs represent about 6% of its workforce. The company says the cuts were...

Kohl's Will Take Your Amazon Returns Starting Next Month

In LA and Chicago, at least

(Newser) - Good news for Amazon shoppers who hate having to deal with returns: Kohl's is starting to accept certain Amazon returns in certain stores. Starting in October, select merchandise will be accepted at 82 stores in Los Angeles and Chicago, Reuters reports. There will be no charge for returning items...

7 Numbers That Explain Amazon's Big HQ News

HQ2 is coming ... somewhere

(Newser) - Amazon on Thursday announced plans for HQ2, a second headquarters to be built in North America as "a full equal to our Seattle headquarters," said Jeff Bezos in a statement . The company has invited interested host cities to submit a proposal , with the application saying the final site...

Prime Day Isn&#39;t a &#39;Day,&#39; and Other Amazon Tips
How to Dominate
Amazon's 30-Hour Prime Day
the rundown
Jul 10, 2017 11:46 AM CDT

How to Dominate Amazon's 30-Hour Prime Day

One tip: Bookmark CamelCamelCamel.com

(Newser) - Will the third time be the charm for Amazon? Its now-slightly-misnomered Prime Day (it's actually 30 hours long, not 24, this year) kicks off at 9pm EDT Monday. Its inaugural sale in 2015 didn't blow consumers over ; in 2016 there were early-morning website issues for some customers. This...

Amazon Could Owe Parents More Than $70M

Company reaches deal with FTC over in-app purchases

(Newser) - If your child racked up purchases in the Amazon Appstore without your permission between 2011 and 2016, the company might owe you some money. The Federal Trade Commission and Amazon settled on a deal Tuesday in which the company will refund parents whose children made in-app purchases without their consent,...

There's Now Only One Person Richer Than Jeff Bezos

He shut down rival's firm, gained $1.5B on same day

(Newser) - Amazon.com founder Jeff Bezos made a fortune on top of his existing fortune Wednesday and finished the day as the second-richest person on the planet. His company's share price surged $9 billion after its purchase of Middle Eastern e-commerce site Souq, adding $1.5 billion to Bezos' personal...

5 Best, 5 Worst Company Reputations

Congrats, Amazon

(Newser) - Congrats, Amazon. The company has the best reputation among American consumers, according to 24/7 Wall St. , which lists the companies with the best and worst reputations based on the 2017 Harris Poll and American Customer Satisfaction Index. The top five in each category, with a reputation score out of 100:...

Amazon Wants to Be Its Own Deliveryman

Latest investment is $1.5B air cargo hub

(Newser) - Amazon isn't content just being the "everything store." Increasingly, it looks like it wants to be its own deliveryman, too. The company's announcement this week of a new air cargo hub in Kentucky is merely its latest foray into building out its own shipping and logistics...

Here's What to Do With All Those Empty Gift Boxes

Give Back Box helps send your unwanted stuff to Goodwill for free

(Newser) - For the record number of Americans who will buy their holiday gifts online this year, here's an idea of how to dispose of all those cardboard boxes. Give Back Box has partnered up with companies to encourage you to refill them with clothes, housewares, or whatever else you'd...

Amazon Delivery by Drone Has Begun
Amazon Delivery
by Drone Has Begun
Dec 14, 2016 12:51 PM CST

Amazon Delivery by Drone Has Begun

First delivery took just 13 minutes from time of order

(Newser) - Amazon has made its first delivery by drone. The inaugural "Amazon Prime Air" delivery took place last week, but was just reported by the company Wednesday. The long-anticipated air delivery took just 13 minutes, CNET reports. Amazon's goal for Prime Air is for deliveries to take 30 minutes...

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