U.S. futures are negative, but off their lows. Read More
Tag: Amazon
How Amazon is tackling the A.I. talent crunch
Amazon, like other tech giants including Google and Facebook, is hunting for workers who are experts in artificial intelligence. Read More
After 75,000 Echo arbitration demands, Amazon now lets you sue it
Enlarge / An Amazon Echo smart speaker. (credit: Smith Collection/Gado/Getty Images) Amazon quietly changed its terms of use last month, dropping a clause that forced customers into arbitration. Now, people can sue the company individually or in a class action. The change apparently was brought about by a surge in arbitration demands over revelations that […]
The numbers are in—May was a really bad month for crypto bulls
These were the big stocks, commodities and financial assets that gained ground in May. Read More
Are you watching Amazon Prime Video?
Amazon suggests that its $8.45 billion movie studio purchase could make its Prime memberships more attractive. Will it work? Read More
Amazon to buy MGM for $8 billion in major boost to Prime Video library
Enlarge (credit: Aurich Lawson | Steve Jurvetson) Amazon today announced a definitive agreement to buy MGM (Metro-Goldwyn-Mayer) for $8.45 billion. Amazon said that MGM’s filmmaking prowess “complements the work of Amazon Studios, which has primarily focused on producing TV show programming.” Buying MGM would let Amazon add plenty of movies to its Prime Video streaming […]
Amazon sued over policies that forbid lower prices on other websites
Enlarge / Amazon boxes. (credit: Getty Images | Julie Clopper) The District of Columbia sued Amazon today, alleging that the online retail giant violated antitrust law with policies that prevent sellers from offering products at lower prices on other websites. “Amazon fixed online retail prices through contract provisions and policies” that “prevent third-party sellers that […]
Crypto climbs, stocks gain as markets cheer a weak dollar
The dollar is down 12% off its March 2020 high, and expected to fall further—a tail-wind for a big group of stocks. Read More
Bernie Sanders wants to stop NASA funding for Blue Origin
Enlarge / Sen. Bernie Sanders (I-VA) speaks outside the Retail, Wholesale and Department Store Union headquarters in Birmingham, Alabama, on Friday, March 26, 2021. (credit: Andi Rice / Bloomberg / Getty Images) Vermont Sen. Bernie Sanders inserted himself into the debate about NASA’s Artemis Program on Monday. The independent and two-time presidential candidate did so […]
Copper, crude and crypto rise, as do global stocks
U.S. futures are gaining on Tuesday, following Europe and Asia higher. Read More