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At a press conference in Brussels on Wednesday, Margrethe Vestager, the EU's competition commissioner, answered a question from a journalist about whether the EU suspected Amazon of committing antitrust violations.
Amazon unveiled its new online store, "Amazon Storefronts," for customers looking to buy exclusively from US-based businesses.
Such astronomical growth from a small, Seattle book seller to one of the world’s biggest companies has made its founder and chief executive, Jeff Bezos, easily the richest man in the world. The 54-year-old is now worth $166 billion, according to Bloomberg’s billionaires index.
Amazon's stock is now more heavily bet against than Tesla's, according to data from S3 Partners. The e-commerce giant dethroned Elon Musk's car company Thursday as the most heavily shorted stock as shares climbed above $2,000 for the first time.
An overlooked line in Amazon’s earnings release could mean it wants re-enter the phone market after its $170 million Fire Phone disaster
Amazon's first attempt with Fire Phone famously went up in smoke in 2015 after disappointing sales caused the e-commerce giant to take a $170 million write down and cease production of the products altogether.
‘Web Services was the star of the show yet again’: Here’s what Wall Street is saying about Amazon’s record earnings
Amazon Web Services helped fuel Amazon's largest ever quarterly profit in its more than two decades as a public company.
Young investors on the stock-trading app Robinhood are loading up on Amazon ahead of the e-commerce giant's second-quarter results.
Prime Day is expected to bring in $3.6 billion in sales, one analyst estimates, up from $2.4 billion the previous year as Amazon's subscription service continues to be the bedrock of its growth.
Daniel Ives of GBH Insights estimates Amazon Prime Day will rake in $3.6 billion in sales over the course of the 36-hour promotion. "It's just another ingredient in Amazon's recipe for success," he said in an interview Monday.
Nike has a big advantage over its competition, according to Nomura Instinet analyst Simeon Siegel. The sneaker giant can simply outspend other sports-apparel retailers, Siegel wrote in a note out to clients. In that sense, Nike reminds Siegel of Amazon.