Retailers Double Down On Costly Last-Mile Arms Race getty How soon do you really need that box of instant stuffing or a new head for your electric toothbrush? How about an hour from now, or maybe even...
Tag: Jeff Bezos
Relativity first 3D-printed Terran 1 rocket launch
[The company’s livestream is slated to begin at noon ET. Please refresh the page if you do not see the video player above.] 3D-printing specialist Relativity Space is attempting its first rocket...
Space Force rocket launch acquisitions takes ‘mutual fund approach’
The headquarters of Space Systems Command in Los Angeles, California. U.S. Space Force / Jose Lou Hernandez The U.S. military is preparing to buy another round of rocket launches from companies next y...
Why Amazon China fell behind Alibaba, JD.com and Taobao
China’s e-commerce market was valued at $2 trillion in 2022, according to GlobalData, and the country also has a rapidly growing middle class, making it an attractive market for American compani...
Amazon Has Tough Choices – Closing Charity Programs, Cutting Staff, And Facing CEO Pay Pressure
Andy Jassy, chief executive officer of Amazon.Com Inc., Photographer: David Ryder/Bloomberg © 2021 Bloomberg Finance LP Amazon’s board may follow the example of many other tech companies moving to cut...
We Have a Too-Much-Federal-Revenue Problem, Not a Looming ‘Debt Crisis’
“American public debt is at economically damaging levels and growing at an unsustainable rate. Congress should stabilize federal debt to reduce the possibility of a fiscal crisis.” Those are the words...
Warren Buffett’s Fortune Gains as Elon Musk Fumbles
Warren Buffett’s net worth increased in 2022, and he rose to rank as the fifth richest man in the world. Buffett’s fortune fell by only $1.48 billion, a performance that outpaces four tech...
Amazon Nightmare Is Reminiscent of the Dotcom Collapse
It’s a dark year for Amazon. A year to forget. The e-commerce giant undoubtedly wants to put 2022 behind it and get out of what appears to be a real stock market nightmare. The numbers speak f...
MacKenzie Scott Outlines Criteria For Doling Out Her Billions
Topline MacKenzie Scott, one of the wealthiest women in the world following her divorce from Amazon’s founder Jeff Bezos, launched a website revealing the process behind how she chooses which groups t...
Elon Musk Loses More Money Than Gates and Bezos
The net worth of billionaire Elon Musk continues to plummet, exceeding the amount of money that both Bill Gates and Jeff Bezos have lost in 2022. As shares of Tesla (TSLA) – Get Free Report, th...
Jeff Bezos Backed Food Tech Unicorn, NotCo, Raises Another $70 Million In Series D Extension Ahead Of 2025 IPO
Matias Muchnick, founder and chief executive officer of Not Company, in New York, US, on Monday, … [+] Oct. 24, 2022. Eight months after announcing their joint venture, Kraft Heinz Co. and NotCo...
Electric school buses give kids a cleaner, but costlier, ride
BEVERLY, Mass. — It’s a gray November morning, and we’re on board a long, yellow school bus. The bus bounces over this Boston suburb’s patched streets in a way that would be familiar...
Amazon Device Chief David Limp: The C-Suite Interview
“It’s a long journey. It’s going to take us decades to solve it all but the world is going to be a very different place in a decade or two.” David Limp is not a man who lives for today. As Senior Vice...
Elon Musk says the Fed must cut rates ‘immediately’ to stop a severe recession
Tesla Motors CEO Elon Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California October 9, 2014. Lucy Nicholson | Reuters Elon Musk thinks a recession is coming and worrie...
Amazon Is Next In The Onslaught Of Tech Layoffs
Getty Images Key takeaways Amazon plans to lay off around 10,000 employees beginning as soon as this week The online retail giant represents another in a growing chain of tech firms slashing head coun...
Amazon Begins Mass Job Cuts
Amazon (AMZN) – Get Free Report, the e-commerce giant, began Tuesday to carry out massive job cuts to respond to the economic slowdown likely to turn into a recession in the coming months. The...
Real Estate Mogul Repositions Desert Estate As A Pinnacle For Philanthropy
SAINT-TROPEZ, FRANCE – JULY 26: Leonardo DiCaprio speaks on stage the Leonardo DiCaprio Foundation … [+] 4th Annual Saint-Tropez Gala at Domaine Bertaud Belieu on July 26, 2017 in Saint-Tr...
Billionaire Jeff Bezos Is in Trouble
Billionaire Jeff Bezos has been keeping a low profile in recent months. He briefly broke his silence last month to issue a dire warning about the economy at a time when economic concerns are running ...
Jeff Bezos Considering Bid For Washington Commanders, Possibly With Jay-Z
Topline Amazon founder Jeff Bezos is interested in buying the Washington Commanders NFL franchise, according to multiple reports, citing a source close to him, after embattled owner Dan Snyder said We...
Jeff Bezos Denies Ex-Housekeeper’s Allegations Of Racial Bias And Unsafe Working Conditions
Topline Billionaire Amazon founder Jeff Bezos has denied allegations that his ex-housekeeper faced racial discrimination and unsafe working conditions while employed at his Seattle mansion as outlined...
Energy sector needs firms with mentality of Tesla to move forward: CEO
The energy sector requires new companies with the mentality of a Tesla or Amazon to push forward in the years ahead, according to the ex-CEO of energy infrastructure powerhouse Snam. “It took a ...
Disappointing Festive Forecast Delivers Fall In Shares For Amazon
Whilst Amazon saw a significant business benefit from the pandemic and the rise in online shopping … [+] and services, there has been a significant shift as consumers faced with a cost of living...
Amazon.com Third-Quarter Earnings Live Blog
Though Amazon.com’s stock soared after the company reported earnings in July, shares have more than given back their gains since, hurt by a market selloff and recent selling pressure in the shares of ...
Jeff Bezos Has An Airline Called Amazon Air
Key Takeaways Amazon has agreed to purchase up to 15% of Hawaiian Airlines in exchange for the operation of 10 Airbus A330-300’s. It’s the latest addition to Amazon Air, which now has 97 planes at its...
Elon Musk says a global recession could last until the spring of 2024
Tesla Inc CEO Elon Musk attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China August 29, 2019. Aly Song | Reuters Tesla founder and CEO Elon Musk thinks the global economic de...
The Culture War Surrounding ‘Rings Of Power’ Was More Interesting Than The Series Itself
Galadriel played by Morfydd Clark Amazon Before it even aired, The Rings of Power was engulfed in controversy; Tolkien fans were alarmed to hear that Jeff Bezos now held the rights to the beloved IP i...
An often-overlooked economic measure is signaling serious trouble ahead
Employees work at the BMW manufacturing plant in Greer, South Carolina, October 19, 2022. Bob Strong | Reuters The economy sent a low-key signal Thursday that a recession is looming — and that the Fed...
Jeff Bezos Says It’s Time To “Batten Down The Hatches” In Latest Recession Warning
Jeff Bezos has said it could be time to “batten down the hatches.” (Photo by David Ryder/Getty … [+] Images) Getty Images Key takeaways Jeff Bezos is the latest high profile CEO to s...
Amazon Sends New Warnings About the Economy
Amazon (AMZN) is determined to be well prepared to weather the sharp economic downturn on the horizon without a big scratch. The e-commerce giant, which is one of the barometers of the health of th...
Amazon changes Kuiper prototype satellites launch from ABL to ULA
From left: Artist renderings of the launches of an RS1 rocket and a Vulcan rocket. ABL Space; United Launch Alliance Amazon is swapping rides for the first prototype satellites for its Project Kuiper ...