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3 mins read

Weekend wrap: Experts talk about Sensex reaching 100,000 mark, Amazon plans major managerial cuts

The Indian financial market is abuzz with speculation about the Sensex reaching 100,000 by early 20…

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1 min read

Amazon stock jumps most in 9 months as cost cuts, cloud spark earnings beat

Amazon shares jumped as much as 7.6% on Friday, putting them on pace to close near all-time highs.

Filip De Mott   


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2 mins read

US stocks rally as big jobs-report miss fuels rate-cut hopes, Amazon soars

The weak jobs data was driven by hurricanes and labor strikes. Investors were encouraged that the r…

Matthew Fox   


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2 mins read

Stock market today: Indexes jump as Amazon lifts tech and jobs data boosts rate-cut views

"The Fed will likely cut rates in the remaining two meetings as economic conditions weakened," LPL …

Matthew Fox   


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2 mins read

Amazon could cut 14,000 managers soon and save $3 billion a year, according to Morgan Stanley

Amazon CEO Andy Jassy wants to cut the ratio of managers to individual contributors. That's a stron…

Eugene Kim   


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3 mins read

I love being a middle manager. Amazon's decision to cut middle managers saddens me — this role is misunderstood.

Michelle Busch became a middle manager at a PR firm in 2023. She thinks companies like Amazon looki…

Elle Hardy   


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2 mins read

Weekend wrap: Swiggy IPO price band, BlinkIt gold coin customer's ordeal, India's GDP woes, and more

Swiggy will launch its IPO with a price band of ₹371-₹390 per share on November 6. A Blinkit custom…

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3 mins read

Weekend wrap: Amazon employee reveals tricks to avoid working from office, markets hit all-time highs

This week in finance, markets hit all-time highs, prompting mutual fund investors to strategize. Re…

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3 mins read

In leaked internal meeting, Amazon retail chief says sales of cheaper items are surging

Amazon's retail CEO told employees this week why the company is doing a better job selling cheaper …

Eugene Kim   


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2 mins read

Amazon is suing a group on Telegram it says orchestrated $1.2 million in fraudulent refunds while taking a cut

Amazon's lawsuit against the group named "Chin Chopa" also names seven US defendants who the compan…

Dominick Reuter   


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5 mins read

Netflix has won the streaming wars but Wall Street still has big questions about its future

Analysts break down the challenges and opportunities facing Netflix as it seeks its next growth ave…

Lucia Moses   


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3 mins read

Leaked: Amazon held talks with Instacart, Uber, Ticketmaster, and others for help on its new AI-powered Alexa

Amazon has been working for months on a major AI upgrade to its Alexa digital assistant.

Eugene Kim   


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2 mins read

Amazon is shuttering Freevee and some insiders fear layoffs could be coming in the tech giant's entertainment arm

Amazon is phasing out its free streamer Freevee, which struggled with identity and financial losses…

Lucia Moses   


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2 mins read

Young employees need mentorship: Amazon on calling employees back to office five days a week

Amazon's decision to revert to in-office work five days a week has sparked a lot of reactions. Amaz…

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2 mins read

Amazon said its shoppers keep choosing cheap items – and that's good for business

Cost-conscious consumers are turning to Amazon's Prime deals and events, the company's chiefs said.

Aditi Bharade   


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1 min read

Amazon Fresh is the latest retailer to cut prices to win over inflation-weary shoppers

Amazon Fresh's stores and website will offer discounts of up to 30% on 4,000 items as inflation kee…

Alex Bitter   


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4 mins read

Meta layoffs are the latest sign that constant job cuts are the new Big Tech normal

Recent layoffs at Meta point to a tech industry playbook of making recurring cutbacks. Yet these re…

Tim Paradis   


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2 mins read

Jeff Bezos' net worth hits all-time high fueled by Amazon shares getting Trump bump

Amazon founder Jeff Bezos' net worth soared to an all-time high of $228 billion on Wednesday, accor…

Sarah Jackson,Madeline Berg   


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1 min read

Alexa, where is my job? Amazon's job cuts hit India too

Amazon has announced to lay off "several hundred employees" from its Alexa division, including in I…

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3 mins read

Amazon's Great Indian Festival and Flipkart's Big Billion Days sale on September 27: Deals to look forward to

Amazon and Flipkart are gearing up for their biggest sales of the year, starting September 27. Prim…