Amazon.com Inc
Amazon slaps U.S. sellers with 5% fuel and inflation surcharge
Peter Endig | AFP | Getty Images Amazon said Wednesday it plans to add a fuel and inflation surcharge of roughly 5% to existing fees it collects from U.S. third-party sellers who use the company’s fulfillment services. The fee will go into effect in about two weeks, and is “subject to change,” the company said […]
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Peloton activist Blackwells Capital takes aim at new CEO, again pushes for sale
A person walks past a Peloton store on January 20, 2022 in Coral Gables, Florida. Joe Raedle | Getty Images Activist Blackwells Capital is reiterating its push for Peloton to consider a sale, arguing that the connected fitness company has made little to no progress under new Chief Executive Barry McCarthy, according to a new […]
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Amazon has a new name for its free streaming TV service
Smith Collection/Gado | Archive Photos | Getty Images Amazon jumped into the ad-supported video streaming market three years ago with IMDb TV. Later this month, that product will have a new name. On April 27, IMDb TV will become Amazon Freevee, a name the company said better reflects the free nature of the service. The […]
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Amazon warehouse workers suffer serious injuries at twice the rate of rivals, study finds
An Amazon warehouse Getty Images Amazon warehouse workers in the U.S. suffered serious injuries at twice the rate of rival companies in 2021, according to a new study. There were 6.8 serious injuries for every 100 Amazon warehouse workers. That’s more than twice the rate of all other employers in the warehouse industry, which had […]
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Beyond Meat expands meatless chicken distribution to 8,000 new retail locations
Beyond Meat’s meatless chicken tenders Source: Beyond Meat Beyond Meat is expanding distribution of its meatless chicken tenders to 8,000 new grocery, pharmacy and big-box retail locations. Customers will now be able to buy Beyond Chicken Tenders at select Albertsons, Sprouts, Whole Foods Market and CVS locations nationwide. All Kroger locations also will carry the […]
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CNBC Pro Talks: Tesla vs. Nio? Amazon vs. Alibaba? Investor Sid Choraria picks his favorites and more
Join the next Pro Talks as CNBC’s Will Koulouris speaks to Sid Choraria, senior portfolio manager of Gordian Capital to discuss his market outlook. Source
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‘Forget FAANG’ and focus on value stocks in the current inflationary environment, Jim Cramer says
CNBC’s Jim Cramer on Monday advised investors to turn away Big Tech and other growth stocks that are likely to be hard hit as the Federal Reserve raises interest rates. “For the moment, I do think we have to forget most of FAANG and focus on the money centers. The oils. Retailers with tremendous scale. […]
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Elon Musk deletes tweets critical of Twitter after weekend barrage
Maja Hitij | Getty Images News | Getty Images Elon Musk went on a tweetstorm over the weekend, lobbing numerous critiques of Twitter. But the Tesla and SpaceX CEO appears to have deleted several of his spiciest takes, as he’s dropped his plan to join the social media company’s board. Musk’s tweets included suggestions on […]
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Shopify plans a 10-for-1 stock split, eyes ‘founder share’ to protect CEO’s voting power
The logo of Shopify is seen outside its headquarters in Ottawa, Ontario, Canada, September 28, 2018. Chris Wattie | Reuters Ecommerce start-up Shopify said Monday it is planning a 10-for-1 stock split, while seeking shareholder approval for a “founder share” for its CEO Tobi Lutke to increase his voting power. Upon shareholders’ approval, Shopify will […]
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How Amazon plans to fix its massive returns problem
Amazon is handling a rapidly growing number of returns that are causing a massive problem for the e-commerce giant and the planet. A National Retail Federation survey found a record $761 billion of merchandise was returned to retailers in 2021. That amount surpasses what the U.S. spent on national defense in 2021, which was $741 […]
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