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Amazon News
Guardian
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Image Credit: Guardian
Jeff Bezos to sell up to $4.75bn in Amazon stock over next year
- Jeff Bezos is planning to sell up to $4.75bn worth of Amazon stock over the next year, as per a regulatory filing.
- This will involve offloading up to 25m shares, worth about $4.75bn based on Thursday's closing price.
- Bezos, the world’s second richest person, had sold $13.4bn of Amazon stock last year.
- Amazon reported a rise in revenue but concerns over Trump's trade tariffs led to a fall in after-hours trading of Amazon shares.
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Mensjournal
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Amazon Is Selling ‘Clean’ and ‘Crisp’ Earbuds for 50% Off, and Shoppers Say They’re Better Than Their Old AirPods
- Amazon is offering a 50% discount on Soundcore P20i True Wireless Earbuds, which are highly rated by shoppers and priced at $20 instead of $40.
- These earbuds come with 10 hours of battery life on a single charge and an additional 30 hours with the case, featuring oversized 10mm drivers for powerful sound with boosted bass.
- Shoppers have praised the crisp sound quality, clean bass, and solid connectivity of the earbuds, with some saying they are better than AirPods in terms of audio performance.
- The Soundcore P20i True Wireless Earbuds are popular on Amazon and are expected to sell quickly due to the 50% discount, available for a limited time.
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Mensjournal
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Oral-B's 'Best' Electric Toothbrush That 'Provides a Dentist-Like Cleaning' Is Now 46% Off—Its Lowest Price Ever
- The Oral-B Pro Smart Limited Electric Toothbrush is now available for just $70 on Amazon, which is 47% off the normal price of $130.
- This electric toothbrush has received over 1,000 purchases in the past month and garnered around 1,250 five-star ratings for its stellar performance.
- Features of the Oral-B Pro Smart Limited Electric Toothbrush include a pressure sensor, position detection system, vibrating timer, and five cleaning modes.
- Customers have praised the toothbrush for providing a dentist-like cleaning experience and better oral hygiene compared to other brands.
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HRKatha
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528
Image Credit: HRKatha
Amazon to triple delivery network, push deep into rural India by 2026
- Amazon plans to triple its delivery network in India by 2026, reaching over 13,000 zip codes and 200 delivery stations in rural areas.
- The expansion aims to reduce delivery times and increase accessibility in less urbanised regions, generating over one lakh new job opportunities.
- Amazon seeks to decrease reliance on third-party carriers by controlling more of its logistics chain to manage delivery costs efficiently.
- The move aligns with the upcoming Prime Day sale, indicating preparations for increased demand and enhancing last-mile logistics for small-town customers.
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Mensjournal
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Amazon Is Selling This $60 Power Tool Organizer for Just $20 That Makes Garages 'Much More Tidy and Efficient'
- Amazon is offering a $60 Power Tool Organizer for just $20, making garages more tidy and efficient.
- The Amoowis Power Tool Organizer is currently on sale for $20, down 67% from its regular price.
- Made of high-carbon steel, this organizer features a hook area, flat shelf, drawer, and a power strip for charging tools.
- Amazon shoppers have praised its sturdy construction and the convenience of the built-in power strip.
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Guardian
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163
Image Credit: Guardian
Amazon reports better-than-expected earnings despite tumult of Trump tariffs
- Amazon reported strong first-quarter earnings, surpassing analyst expectations with $1.59 EPS and $155.67bn revenue.
- Despite the growth, Amazon's stock dropped in after-hours trading amidst fears of consumer cutbacks due to Trump's tariffs.
- Amazon is navigating the impact of Trump's tariffs, with over 50% of its products subject to the tariffs, potentially leading to higher prices for consumers.
- CEO Andy Jassy emphasized the importance of a wide selection and low prices, reassuring efforts to maintain customer demand despite the tariff uncertainties.
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TechCrunch
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Image Credit: TechCrunch
Amazon CEO says 100,000 users now have Alexa+
- Amazon's CEO, Andy Jassy, announced that over 100,000 users now have access to Alexa+, the upgraded digital assistant powered by generative AI.
- The rollout of Alexa+ is ongoing, with the aim of enabling users to interact more naturally and eventually have agentic abilities to use third-party apps on their behalf.
- Although Alexa+ promises original responses on the fly, some key features demonstrated at launch are still missing, including the ability to use third-party apps and generate bedtime stories or gift ideas.
- Amazon plans to add more functionality to Alexa+ in the following months, with a goal to achieve 90% accuracy for the web-browsing agent powering Alexa+, Nova Act.
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Pymnts
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122
Image Credit: Pymnts
Customer First, Agentic AI Next. Amazon Lays Out Its 2025 Road Map
- Amazon focused on customer trust and experience during its first-quarter earnings call, reporting a 10% revenue increase to $155.7 billion with a rise in worldwide paid units.
- Executives highlighted cautious optimism due to uncertain consumer spending patterns, with a significant growth in Everyday Essentials sales indicating a value-focused customer base.
- Amazon forecasts net sales of $159 billion to $164 billion for the current quarter, with operations aimed at cushioning potential impacts of tariffs.
- Amazon is investing in logistics and artificial intelligence infrastructure, emphasizing efficiency projects and AI services, including the advancement of Alexa as a personalized assistant.
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Siliconangle
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Image Credit: Siliconangle
Amazon’s stock falls on light guidance and third successive cloud revenue miss
- Amazon.com Inc. posted better-than-expected results in its first-quarter earnings but gave mixed guidance due to uncertainty from U.S. tariffs.
- The company's cloud business, Amazon Web Services (AWS), fell short of revenue expectations for the third consecutive quarter, causing a more than 3% drop in stock price after hours.
- Despite exceeding earnings per share estimates at $1.59, revenue of $155.67 billion, and net income of $17.73 billion, Amazon is cautious about future performance.
- AWS generated sales of $29.27 billion, missing analyst forecasts, but operating income of $11.55 billion exceeded expectations, benefiting from increased margins.
- The company faces challenges from Trump's tariffs affecting consumer demand, leading to uncertain future projections.
- Amazon's advertising revenue grew 19% to $13.92 billion, surpassing expectations, providing some relief amid the uncertain market conditions.
- CEO Andy Jassy mentioned the company's diverse seller base and ability to offer competitive prices could offset the impact of tariffs on customers.
- Despite lower guidance for the next quarter, Amazon is optimistic about its ability to navigate the challenges and capitalize on opportunities in the market.
- Investors are closely monitoring Amazon's performance, especially in light of the evolving trade policies and their potential impact on the company's operations.
- AWS is focusing on new initiatives like a video game streaming service and AI business to drive future growth amid intensifying competition in the cloud market.
- Overall, Amazon's stock has experienced a downswing of over 13% year-to-date, reflecting market concerns over the company's outlook and potential risks.
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The Verge
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420
Image Credit: The Verge
Here are the best streaming service deals available right now
- Streaming service deals are abundant currently, offering discounts to new and returning subscribers.
- Free trials are available for most services, and student discounts are offered by platforms like Hulu and Amazon Prime Video.
- Disney Plus provides various subscription options including bundles with Hulu and ESPN Plus, carrier promos, and student deals.
- Hulu offers ad-supported and ad-free plans along with bundles, live TV options, and various discounts for students and wireless carrier customers.
- Peacock presents two plans - ad-supported and ad-free, with deals available through partnering services like Instacart and Xfinity.
- Sling TV offers multiple plans and add-ons, with discounts for new customers and freebies like unlimited DVR during the first month.
- Apple TV Plus provides original shows and movies in 4K HDR, promotions include free trials and offers within the Apple One bundle.
- Max (HBO Max) offers various subscription tiers with ad-supported and ad-free options, discounts for annual subscribers, and carrier promos.
- Netflix's plans include a standard option with ads, standard without ads, and premium tier, without current discounts but offered free through some wireless carriers.
- YouTube TV offers live sports, news channels, and unlimited recording, with promotional pricing for new subscribers available till July 31st.
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Pymnts
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385
Image Credit: Pymnts
‘Saks on Amazon’ Storefront Combines Curated Shopping and Fast Delivery
- Saks and Amazon collaborated to launch 'Saks on Amazon' storefront offering curated shopping and luxury fashion with fast delivery.
- The new storefront provides a mix of Saks Fifth Avenue's curated shopping experience and Amazon's convenience and quick shipping.
- Amazon and Saks introduced the luxury storefront to enhance access to luxury fashion and beauty items with regularly refreshed product arrays.
- The collaboration aims to reinvent luxury shopping and provide an elevated experience tailored to customers' unique tastes.
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23 Likes
The Verge
3w
276
Image Credit: The Verge
Amazon’s CEO says the company can weather challenges from tariffs because of how big it is
- Amazon's CEO Andy Jassy believes the company can withstand challenges from tariffs citing its vast product selection and consumer trust.
- Jassy stated that the company hasn't observed a decrease in demand and has seen increased buying in certain categories potentially due to stocking up before tariff impacts.
- Amazon's large selections, including everyday essentials that represent a significant portion of its sales, provide resilience during challenging conditions compared to other retailers.
- The company's broad product range and trusted brand position Amazon well to navigate uncertain environments and garner market segment share, according to Jassy.
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16 Likes
Mensjournal
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293
Dozens of U.S. Companies Announce Layoffs in May Amid Economic Pressures
- Nearly 130 U.S. companies have announced layoffs in May, affecting various sectors such as tech, healthcare, education, and retail.
- Companies like Amazon, Starbucks, FedEx, JP Morgan Chase, and Wells Fargo are among those cutting jobs due to reasons like cost-cutting and profit protection.
- The layoffs range from a handful to hundreds per employer, with no region untouched, as companies navigate post-pandemic restructuring and react to inflation and rising labor costs.
- The job cuts coincide with declining job openings, slowing wage growth, and uncertainty over interest rate policy, leading to increased job insecurity among workers.
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17 Likes
Insider
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219
Image Credit: Insider
Amazon earnings updates: Wall Street watching for cloud demand, advertising strength
- Amazon will release its first-quarter earnings after the closing bell on Thursday, and Wall Street is watching for the impact of President Donald Trump's tariffs on the company's e-commerce business.
- Amid concerns around tariffs, analysts are largely bullish on Amazon's stock over the next 12 months, and the focus will also be on the continued growth in Amazon Web Services.
- JPMorgan remains bullish on AWS and expects AWS growth to pick up in the second half of the year, despite the key threat of tariffs in the near term.
- Amazon's consensus first-quarter net sales estimate is $155.16 billion, with expectations for growth in various segments including Online Stores, AWS, and Subscription Services.
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Massivelyop
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306
Throne and Liberty’s latest update brings trait resonance, gear illusions, and the Mystic Portal event
- Throne and Liberty's latest update introduces trait resonance and gear illusions through the Illusion Workshop feature.
- Players can enhance their gear by adding a fourth trait to items with three fully unlocked traits, making them more powerful.
- The update also includes the Mystic Portal event where players can participate in a treasure-hunting minigame using Mystic Keys.
- For more details on the update, players can refer to the full patch notes for version 2.8.0 on the official site.
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