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Amazon Gains Amid Talk of Digital Currency Foray, Cryptos Jump

Amazon (NASDAQ:AMZN) is trading up 0.51% at 3656.64 Amazon (NASDAQ:AMZN) stock was trading higher in Monday’s premarket amid speculation that the Cloud and retail giant is exploring venturing into digital currencies. It emerged last week that the U.S.’s biggest e-commerce company had advertised a vacancy for a digital currency...

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Amazon restores services after multiple users face outage

Multiple users experienced a brief outage at Amazon.com Inc’s platforms including Alexa and Prime Video late Wednesday before services were restored, according to outage monitoring website Downdetector. More than 6,200 user reports had indicated issues with Amazon’s online store site, as of 0148 GMT, while about 1,700 users reported...

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German union calls for Amazon workers to strike on ‘Prime Day’

Amazon (NASDAQ:AMZN) is trading down 0.07% at 3486.90 A German trade union called on workers at seven Amazon (NASDAQ:AMZN)warehouses to go on strike on Monday for several days to coincide with the global Prime Day promotion. Verdi said it was organising the three-day strike as part of a long-running...

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Amazon to ask staff to return to office for three days a week

Amazon.com Inc said on Thursday some corporate employees will be offered the option to return to office for three days a week and work remotely for the other two days. Employees in frontline roles such as hardware engineers will continue to work onsite, Amazon said. Amazon will also give...

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Amazon Ring’s neighbourhood watch app is making police requests public

Amazon.com Inc (NASDAQ:AMZN) is trading up 0.48% at 3233.90 Amazon.com Inc (NASDAQ:AMZN)’s camera unit, Ring, is planning to make police requests for users’ video footage through its neighborhood watch app more transparent, the company said on Thursday, a move that follows criticism that its products facilitate surveillance and profiling....

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Amazon extends moratorium on police use of facial recognition software

Amazon.com Inc DOWN 1.17% AT 3232.28 Amazon.com Incsaid on Tuesday it is extending until further notice a moratorium it imposed last year on police use of its facial recognition software. The company had halted the practice for one year starting in June 2020. Its announcement came at the height...

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Top 5 Stock To Trade Today 18 May 2021 | Capital Street Fx

TOP 5 STOCKS TO WATCHOUT: – 1. TESLA: – The family office run by “Big Short” investor Michael Burry has disclosed a short position against Tesla (NASDAQ:TSLA) Inc worth more than half a billion. Scion Asset Management said in a regulatory filing on Monday that it had bearish put...

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Pentagon Weighs Ending JEDI Cloud Project Amid Amazon Court Fight

AMAZON DOWN 0.45% AT 3291.61 Pentagon officials are considering pulling the plug on the star-crossed JEDI cloud-computing project, which has been mired in litigation from Amazon.com Inc. and faces continuing criticism from lawmakers. The Joint Enterprise Defence Infrastructure contract was awarded to Microsoft Corp. in 2019 over Amazon, which...

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Amazon to let Whole Foods shoppers pay with a swipe of their palm

Amazon.com Inc (NASDAQ:AMZN) DOWN 1.11% AT 3334.69 Amazon.com Inc (NASDAQ:AMZN) said it is rolling out biometric technology at its Whole Foods stores around Seattle starting on Wednesday, letting shoppers pay for items with a scan of their palm. The move shows how Amazon is bringing some of the technology...

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How the pandemic helped Walmart battle Amazon Marketplace for sellers

Amazon (NASDAQ:AMZN) Inc UP 0.61% AT 3400.00 & Walmart (NYSE:WMT) DOWN 0.31% AT 139.37 Between 2009 and 2014, Walmart’s Marketplace business, where outside merchants hawk everything from baby blankets to power tools, counted no more than six sellers, and was described by one expert as “in limbo.” But what...

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