Amazon CEO Jeff Bezos sells $3 billion worth of stock

Jeff Bezos is cashing in on the coronavirus. The 56-year-old Amazon CEO on Wednesday sold $3.1 billion worth of stock in the e-commerce juggernaut, bringing his total stock sales for the year over $7 billion. The world’s richest man sold exactly 1 million shares of Amazon Wednesday — a week after the company shattered expectations […]

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Under Pressure, Brazil’s Bolsonaro Forced to Fight Deforestation

RIO DE JANEIRO — A year ago, as fires engulfed the Amazon, President Jair Bolsonaro of Brazil reacted to criticism from abroad with indignation: “The Amazon is ours,” he said, arguing that the fate of the rainforest was for his country to decide. Much has changed in a year. Under pressure from European governments, foreign […]

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Amazon given go ahead to launch thousands of satellites to boost internet access worldwide

© Reuters. Amazon given go ahead to launch thousands of satellites to boost internet access worldwide Amazon (NASDAQ:) was on Thursday granted regulatory approval to create a satellite constellation as part of a $10 billion (€8.4 billion) project to provide affordable internet to underserved communities around the world. Amazon’s Project Kuiper will compete with the […]

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Amazon’s sales and profits soar as lockdowns keep shoppers online

Amazon reported blowout sales and profits on Thursday as coronavirus lockdowns kept shoppers buying everything from diapers to groceries on the web. The Seattle-based e-tailing giant — whose billionaire boss Jeff Bezos weathered a grilling on Capitol Hill Thursday, with top lawmakers probing the company’s fierce competitive practices — shattered Wall Street’s expectations for the quarter, […]

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What You Need to Know From Congress’ Landmark Big Tech Antitrust Hearing

Facebook, Amazon, Apple, and Google are jointly worth nearly $5 trillion and, along with Microsoft, make up 22 percent of the entire S&P 500. In other words, they’re flat-out dominating their respective markets. And on Wednesday Facebook CEO Mark Zuckerberg, Amazon CEO Jeff Bezos, Apple CEO Tim Cook, and Google CEO Sundar Pichai appeared remotely […]

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Lawmakers, United in Their Ire, Lash Out at Big Tech’s Leaders

WASHINGTON — The chief executives of Amazon, Apple, Google and Facebook, four tech giants worth nearly $5 trillion combined, faced withering questions from Republican and Democratic lawmakers alike on Wednesday for the tactics and market dominance that had made their enterprises successful. For more than five hours, the 15 members of an antitrust panel in […]

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Tech CEOs testify to Congress at antitrust hearing: live updates

Tech CEOs from Apple, Amazon, Facebook and Google are testifying before Congress Wednesday as lawmakers examine the dominance of their online platforms and the antitrust laws that pertain to them. Follow below for Fox News’ live blog. Mobile users click here.

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Tech titans Bezos, Cook, Pichai and Zuckerberg testifying before Congress: What to know

Tech CEOs from Apple, Amazon, Facebook and Google will testify before Congress Wednesday as lawmakers examine the dominance of these online platforms and antitrust laws that pertain to them. Here’s what to know: When will it be?  Wednesday, July 29 at 12 p.m. ET with the House Judiciary Antitrust Subcommittee. The hearing will be livestreamed on the Judiciary […]

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Amazon’s Jeff Bezos net worth increases by $13B in one day

Amazon CEO Jeff Bezos added a record $13 billion to his fortune on Monday amid a coronavirus-fueled boom for his e-commerce empire. A 7.9 percent jump in Amazon’s stock price helped the world’s richest man notch the largest one-day increase to any individual’s net worth in the history of Bloomberg’s Billionaires Index, which tracks the […]

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Amazon unveils high-tech shopping cart that eliminates need for cashiers

Amazon is ramping up its mission to make shopping faster with a new high-tech shopping cart that eliminates the need for long lines at the cash register — and the cashiers who run them. The “Dash Cart” the e-commerce titan unveiled Tuesday automatically rings up items that shoppers drop in their bags and charges them […]

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Tesla rival Rivian snags $2.5 billion investment led by T. Rowe Price

Electric vehicle startup Rivian, which is backed by Amazon and Ford and aims to put an electric pickup and SUV in production in 2021, boosted its war chest further with a $2.5-billion investment round led by T. Rowe Price, Rivian said Friday. The deal comes on the heels of electric-car maker Tesla’s meteoric rise in […]

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Amazon Makes Employees Delete TikTok From Phones, Citing Security Risk

SAN FRANCISCO — Amazon has asked its employees to delete the Chinese-owned video app TikTok from their cellphones, citing “security risks,” according to a company email sent on Friday. In the email, which was obtained by The New York Times, Amazon officials said that employees must delete the app from any devices that “access Amazon […]

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Amazon tells employees to delete TikTok by end of day

Amazon has ordered employees to delete the wildly popular TikTok app from their phones, citing “security risks” associated with the app’s Chinese-owned parent company in a Friday memo. “If you have TikTok on your device, you must remove it by 10-Jul to retain mobile access to Amazon email,” the Seattle-based e-tailing giant said in an […]

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Max Kellerman wants Dan Snyder to change the Redskins’ name & apologize | First Take

Stephen A. Smith and Max Kellerman react to Amazon pulling their Washington Redskins merchandise from their website and discuss if Redskins owner Daniel Snyder will change the team name. #FirstTake #NFL ✔️Subscribe to ESPN+ https://plus.espn.com/ ✔️ Get the ESPN App: http://www.espn.com/espn/apps/espn ✔️Subscribe to ESPN on YouTube: http://es.pn/SUBSCRIBEtoYOUTUBE ✔️ Subscribe to NBA on ESPN on YouTube: […]

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Amazon, Apple, Facebook and Google CEOs to testify in historic antitrust hearing

The CEOs of Amazon, Apple, Facebook and Google have committed to testifying before the House Judiciary Committee as part of its ongoing antitrust inquiry, which will mark the first time the four tech bigwigs have appeared together before Congress, Fox News has confirmed. Twitter was notably absent from the list of witnesses who will appear before the Democratic-controlled […]

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Amazon to spend $500 million in one-time employee bonuses

Amazon said it’s shelling out $500 million in one-time worker bonuses this month as pressure continues to mount on the online shopping giant to do more to protect and pay workers during the coronavirus pandemic. The bonuses will pay between $150 for part-time employees at its warehouses and Whole Foods stores and up to $3,000 […]

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Amazon to buy self-driving technology startup Zoox

Amazon has agreed to buy California-based self-driving startup Zoox in a deal reported to be worth more than $1 billion that gives it options to use autonomous technology in either ride-hailing or its delivery network. The world’s largest online retailer has stepped up its investment in the car sector, participating in self-driving car startup Aurora […]

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Sebastian Zurita Believes Girls & Guys ‘Don’t Know What They Want’ After Making ‘Cómo Sobrevivir Soltero’

Real-life events inspired Amazon Prime Video’s first Spanish-language series, ‘Cómo Sobrevivir Soltero.’ Creator & star Sebastian Zurita spoke to HL about what he learned in the process! You know the saying ‘Men are from Mars and Women are from Venus?’ It still stands true today as men and women continue to face to difficulty in […]

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E-tailers in India to consider listing of ‘country of origin’ label on products

© Reuters. FILE PHOTO: Amazon logistics center in Lauwin-Planque By Sankalp Phartiyal and Nivedita Bhattacharjee NEW DELHI (Reuters) – E-commerce players in India such as Amazon’s (O:) local unit and Walmart’s (N:) Flipkart will consider asking sellers on their platforms to list the country of origin on products, three sources familiar with the matter said […]

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80% of community has Covid-19, including the nurse in charge

Reporting from journalist Guillermo Galdos Deep in the heart of Peru’s central Amazon, the indigenous Shipibo people have for thousands of years lived off the land, thrived as healers, and defended their territory against loggers and other foreign invaders that threatened their very existence. But they have a powerful new foe that shows little mercy: […]

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Amazon signs lease for NYC’s biggest-ever warehouse: report

Amazon has signed a lease for a 1-million-square-foot warehouse in Queens, its biggest-ever in New York City, according to a report. The deal will see Amazon knock down a former paper-making factory at 55-15 Grand Avenue in the borough’s Maspeth neighborhood, according to Business Insider (paywall), and replace it with the multi-story warehouse. The massive […]

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‘Workaholics’ episode featuring Chris D’Elia as a pedophile taken down

Amazon Prime, Hulu and Comedy Central have all removed an episode of “Workaholics” which featured comedian Chris D’Elia playing the role of a child molester. Last week, multiple women accused D’Elia, 40, of trying to sexually engage with them and solicit nude photos while they were underage. Now, former fans are starting to recall the […]

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Amazon slammed for offering workers chicken and waffles on Juneteenth

Amazon is once again in hot water after its Chicago warehouse offered workers chicken and waffles to celebrate Juneteenth – the day the slaves were freed. “We stand in solidarity honoring the black community by supporting local black businesses. We are happy to share an authentic meal crafted by Chicago’s Chicken + Waffles June 19th,” […]

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Exclusive: Amazon signals entry into alcohol delivery in India with nod in key state – document

© Reuters. FILE PHOTO: Amazon logistics center in Lauwin-Planque By Aditya Kalra NEW DELHI (Reuters) – Amazon.com Inc (NASDAQ:) has secured clearance to deliver alcohol in India’s eastern state of West Bengal, according to a document seen by Reuters, signalling the U.S. e-commerce giant’s first foray into the country’s multi-billion-dollar sector. In a notice on Friday, West Bengal […]

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