(RTTNews) - Amazon.com Inc is reviewing unprofitable business units as part of a sweeping effort to cut costs at the company, the Wall Street Journal reported citing people familiar with the matter.
(RTTNews) - Amazon.com Inc is reviewing unprofitable business units as part of a sweeping effort to cut costs at the company, the Wall Street Journal reported citing people familiar with the matter.
Companies led by Asia's richest man, Gautam Adani, and billionaire Mukesh Ambani, the owner of Reliance Industries have entered the fray to acquire India's debt-laden Future Retail Ltd, a document seen by Reuters shows.
The Wall Street Journal on Thursday reported that Amazon.com (US:AMZN) Chief Executive Andy Jassy is leading a cost-cutting review at the company and is paring back nonprofitable businesses, including its Alexa operations.
The report cited people familiar with the matter.
The Wall Street Journal on Thursday reported that Amazon.com (US:AMZN) Chief Executive Andy Jassy is leading a cost-cutting review at the company and is paring back nonprofitable businesses, including its Alexa operations.
The report cited people familiar with the matter.
What happened
Shares of Amazon (NASDAQ: AMZN) surged 12% on Thursday, following an encouraging inflation report and news of more cost cuts designed to bolster the online retail giant's profitability.
The S&P 500 and Nasdaq jumped on Thursday, racking up their biggest daily percentage gains in over 2-1/2 years as a sign of slowing inflation in October sparked speculation the Federal Reserve might become less aggressive with interest rate hikes.
The S&P 500 and Nasdaq jumped on Thursday, racking up their biggest daily percentage gains in about 2-1/2 years, as a sign of slowing inflation in October sparked speculation the Federal Reserve might get less aggressive with interest rate hikes.
Wall Street surged on Thursday, with the Nasdaq up over 6%
as a sign of slowing inflation in October sparked speculation
that the Federal Reserve might scale back its aggressive
interest rate hikes.
Amazon AMZN continues to dominate the global cloud computing space on the back of an increasing number of availability zones and regions served by Amazon Web Services (AWS).This is evident from AMZN’s latest launch of an infrastructure region in Switzerland, namely AWS Eu
Oracle ORCL recently launched the new Oracle MICROS Simphony mobile order and pay solution, which helps restaurants serve customers anytime and from anywhere.A customer, whether dining in, picking up curbside or lounging poolside, just has to use the handheld restaurant p
Amazon.com Inc. AMZN is the world’s first public company to shed a trillion dollars in market value (per Bloomberg) as high inflation, tightening monetary policies globally including the Fed and unsatisfactory earnings updates instigated a historic selloff in the stock th
Amazon.com Inc. AMZN is the world’s first public company to shed a trillion dollars in market value (per Bloomberg) as high inflation, tightening monetary policies globally including the Fed and unsatisfactory earnings updates instigated a historic selloff in the stock th
The tech-heavy Nasdaq led a rally on Wall Street's main indexes on Thursday as signs of cooling consumer prices in October raised hopes that the Federal Reserve would soon start scaling down the size of interest-rate hikes.
South African pay TV company Multichoice Group banks on the upcoming soccer World Cup that starts later in November to register a sharp jump in subscriber base, a senior official said, after the company posted a loss in the first half.
Companies led by Asia's richest man, Gautam Adani, and billionaire Mukesh Ambani, the owner of Reliance Industries have entered the fray to acquire India's debt-laden Future Retail Ltd, a document seen by Reuters shows.
Wall Street's main indexes rallied on Thursday, with the tech-heavy Nasdaq leading gains, after data showed consumer prices rose less than expected in October, spurring hopes that the Fed might scale down the size of its future rate hikes.
Checked
24 minutes 53 seconds ago
This feed is responsible for generating the rss feed related to the topic AMZN