Amazon Wants You to Pay With Your Palm. It’s a Sneak Attack on Apple and Google.
It’s also a potentially massive play to make Amazon the central ID system for your whole life—from banking and loyalty...
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WSJ News Exclusive | Amazon Cuts Dozens of House Brands as It Battles Costs, Regulators
The company has decided to eliminate 27 of its 30 clothing labels, such as Lark & Ro and Goodthreads, as...
WSJ News Exclusive | Inside Lyft CEO David Risher’s Efforts to Bolster the Company
The new boss is considering options for Lyft’s bike fleet, with the company looking to sell the division or form...
Amazon Is Asking Some Employees to Relocate, Return to ‘Main Hub’ Offices
The tech giant has told staff across the company that they may have to move to locations in bigger cities....
Meta, Microsoft Team Up to Offer New AI Software for Businesses
The Meta AI model, dubbed Llama 2, will be free and available to developers building software on Microsoft’s Azure cloud-computing...
Lina Khan Is Taking on the World’s Biggest Tech Companies—and Losing
The FTC chair’s court loss against Microsoft, which the agency is appealing, marks another setback in her fight to block...
The Next Challengers Joining Nvidia in the AI Chip Revolution
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Shein Takes on Amazon in the Business of Selling Everything
Updated July 8, 2023 12:02 am ETListen to article(2 minutes)In just a few years, Shein has rapidly expanded from a...
WSJ News Exclusive | Scammers Target Stores With Bomb Threats, Seeking Bitcoin and Gift Cards
Kroger, Walmart and other retailers report anonymous threats, prompting law-enforcement investigations. Source link
FTC Sues Amazon Over ‘Manipulative’ Tactics Used to Enroll Millions in Prime
Amazon duped millions of customers into Prime subscriptions, the federal agency said. Source link
Retailers Are Shrinking Logistics Operations in a Changing Consumer Market
Some companies are dropping distribution centers as warehouse employment reaches a 17-month low. Source link
Big Tech Earnings Spark Hope That Worst Is Over
Shares rise on better-than-expected results, but growth lags behind what Microsoft, Amazon and Google did in the past. Source link
Microsoft Revenue Growth Stays Low as Economic Concerns Hurt Demand
The software giant’s cloud-computing business has decelerated as companies become more cautious. Source link
Lyft Hires New CEO as Founders Step Back Amid Struggles With Competition
David Risher, board member since 2021, will succeed co-founder Logan Green, as Lyft faces tough competition from Uber and a...
Amazon to Cut 9,000 More Jobs After Earlier Layoffs
CEO Andy Jassy cited an ‘uncertain economy’ and more uncertainty in the near future. Source link
WSJ News Exclusive | Amazon, Rivian in Talks to End Exclusivity Part of Delivery-Van Pact
The online retailer has notified the EV maker that it wants to buy about 10,000 vans this year, which is...
Bars, Hotels and Restaurants Become the Economy’s Fastest-Growing Employers
Operators of hotels, bars and restaurants—hit hard as the Covid-19 pandemic took hold—are now among the country’s fastest-growing employers, offsetting...
This Department-Store Stock Has Trounced Apple, Amazon and Tesla
Family-controlled Dillard’s has combined share buybacks with keeping costs down, inventory tight and staff engaged with “nearly fanatical” customers. Source...
Amazon HQ2 Delay Isn’t a Concern, Northern Virginia Officials Say
The company said it is holding off on moving forward with the second phase of its corporate campus in Northern...
Amazon Pausing Construction of Washington, D.C.-Area Second Headquarters
A first phase of the project with two office towers is nearly complete. Source link
