Category: Amazon

Smaller states rejoice as Amazon finally collects sales tax

Many online shoppers in the United States have for years had to pay state sales taxes whenever they buy goods from Amazon. But the Seattle e-commerce giant has dragged its feet on collecting sales taxes in small and sparsely populated states where it doesn’t have any distribution centers or corporate offices.

Smaller states rejoice as Amazon finally collects sales tax

Many online shoppers in the United States have for years had to pay state sales taxes whenever they buy goods from Amazon. But the Seattle e-commerce giant has dragged its feet on collecting sales taxes in small and sparsely populated states where it doesn’t have any distribution centers or corporate offices.

Google Not Planning to Be Silenced by Amazon’s Echo

Amazon’s Echo may have the early edge, but Google CEO Sundar Pichai says the race to have the dominant voice assistant is at a ‘very early’ stage. The blowout success of the Amazon Echo has raised the stakes in the voice assistant space, but Google CEO Sundar Pichai doesn’t seem to be all that worried.

PayPal Has Been Talking With Amazon on Payments, CEO Says

Amazon.com Inc. and PayPal Holdings Inc. have discussed letting shoppers pay for Amazon purchases using their PayPal accounts, highlighting how PayPal can attract new partners since its 2015 split from Amazon rival EBay Inc. “We have been in conversations with Amazon,” PayPal Chief Executive Officer Dan Schulman said Thursday in an interview with Bloomberg. “We’re closing in on 200 million users on our platform right now.

PayPal Talking With Amazon on Payments, PayPal CEO Says

Amazon.com Inc. and PayPal Holdings Inc. have discussed letting shoppers pay for Amazon purchases using their PayPal accounts, highlighting how PayPal can attract new partners since its 2015 split from Amazon rival EBay Inc. “We have been in conversations with Amazon,” PayPal Chief Executive Officer Dan Schulman said Thursday in an interview with Bloomberg. “We’re closing in on 200 million users on our platform right now.

Amazon.com, Inc. Earnings: Will Big Investments Weigh on Profitability?

On the heels of a nice 37% gain in the company’s stock price in the past twelve months, the pressure is on for Amazon.com to deliver strongly when the e-commerce and cloud-computing giant reports fourth-quarter results on Thursday, Feb. 2. Ahead of the quarterly update, here’s a brief overview of what to watch when Amazon posts its earnings release. For Amazon’s fourth quarter, management expects the company to post strong revenue growth.

Nobody Safe’ If Republicans Undo Net Neutrality, FCC Chair Says

Online companies such as Amazon.com Inc. are vulnerable to unfair competition from internet service providers if the Federal Communications Commission’s open-internet rule is reversed, agency Chairman Tom Wheeler said Tuesday. “Nobody is safe,” Wheeler, a Democrat, said in an interview three days before he leaves office and a Republican administration led by President-elect Donald Trump takes office.

Amazon seeks permission to run wireless tests in Washington

PanARMENIAN.Net – Amazon is preparing to test experimental wireless communications technology, including mobile devices and fixed-base stations, in rural Washington and Seattle, the company disclosed in government filings this week, according to Business Insider. The filings do not specify what the tests would be for, but they hint at a new type of technology or wireless service, noting that the project would involve prototypes designed to support “innovative communications capabilities and functionalities.”

Photos: First Look at Amazon’s New Barnes & Noble Killer

Amazon plans to open its first New York City bookstore in Manhattan’s Time Warner Center, the online retailing giant said late Wednesday . The 4,000-square-foot location is scheduled to swing opens its doors in the spring inside a sprawling complex that also houses several upscale restaurants and a Coach store.

Walmart C-Suite Takes Another Hit as Uphill Battle with Amazon Rages On

Walmart Stores will reportedly promote several executives from its recently acquired Jet.com e-commerce business, as it continues a push to bolster its e-commerce offerings and compete with Amazon.com . According to an internal memo first obtained by Bloomberg, Walmart’s e-commerce CEO, Jet’s Marc Lore , announced that Jet’s chief revenue officer, Scott Hilton, will become the chief revenue officer for all of Walmart’s e-commerce operations.

Amazon’s Commitment to 100,000 New U.S. Jobs Highlights Its Relentless Growth Ambitions

While one big storyline out of this could be how the move puts the company in alignment with President-elect Donald Trump’s outspoken priority to create jobs in the U.S., there’s another narrative the announcement highlights — one that investors will appreciate: The big hiring spree reflects the aggressive growth the company believes it still has ahead of it. A quick overview of Amazon’s announcement about its expected job creation in the U.S. over the next 18 months highlights a fast-growing company without any plans to slow down.

Amazon to Create 100,000 New Jobs in U.S. in Next 18 Months

Amazon.com Inc. revealed plans to hire more than 100,000 people in the U.S. in the next 18 months, grabbing the spotlight as President-elect Donald Trump pushes companies to employ more Americans. The staffing up isn’t particularly surprising for a company moving into multiple categories from groceries, hardware and video to fashion and cloud services.

EBay Gets Hands-On in Fighting Fake Handbags With New Service

EBay Inc. will begin authenticating luxury handbags, footwear and other commonly counterfeited fashion items this year, looking to gain an edge as shoppers become more wary of the abundance of fake goods posted to online marketplaces. The company will use a network of brand experts to verify that a Chanel handbag listed on the marketplace, for instance, is real.

Amazon.com to Create Over 100,000 Full-Time Jobs in the U.S.

Amazon announced on Thursday a plan to add more than 100,000 full-time, full-benefit positions in the U.S. over the next 18 months. “These new job opportunities are for people all across the country and with all types of experience, education and skill levels — from engineers and software developers to those seeking entry-level positions and on-the-job training.

Will Amazon’s Airborne Dreams Become Reality?

In December, it unveiled the first Amazon Go location, a convenience store without cashiers or checkout lines where cameras and artificial intelligence recognize what you take off the shelves and charge your account accordingly. Also last month, the company successfully made its first ever drone delivery, carrying popcorn and a Fire TV device to a customer in rural England, a trip from click to delivery that took just 13 minutes.

Chinese Chipmaker Plans Overseas Buying Spree to Get Mobile Tech

Goodix, a supplier of mobile chips to Amazon.com Inc. and major Chinese smartphone makers, plans to begin shopping abroad for semiconductor and software developers to gain an edge in an increasingly competitive market. The company wants to become the world’s biggest supplier of fingerprint sensors, Chief Executive Officer David Zhang said in an interview at the Consumer Electronics Show in Las Vegas.

Why Amazon.com, Inc. Shares Gained 11% in 2016

If you bought Amazon shares at the 52-week lows in early February and sold them at the October peak, you would have seen a staggering 79% return in just eight months. And if you’re that lucky, I would advise you to stock up on lottery tickets, stat .

Alexa Could Be Amazon’s “Fourth Pillar”

All three have been instrumental to Amazon’s success over the past decade-plus and Bezos wrote, “I assure you that we also remain hard at work on finding a fourth [pillar].” It’s been two years since Amazon unveiled the Echo, which can serve as a hub for other smart-home devices like thermostats and lightbulbs, and its functionality has been extended through third-party “skills,” which function like voice-controlled apps.

Alibaba Sues Sellers of Fake Swarovski Watches in Crackdown

Alibaba Group Holding Ltd. sued two vendors it said used the company’s Taobao website to sell counterfeit Swarovski watches, just weeks after the site was labeled a haven for knockoffs by U.S. regulators. The lawsuit is the first legal action taken by an e-commerce site in China against sellers of counterfeit goods and Alibaba seeks 1.4 million yuan in damages, the company said Wednesday in a statement.

7 Signs Amazon’s Best Days Are Ahead of It

The company has come to dominate the retail industry and is rapidly disrupting many other areas of the global economy. Yet with its stock up several hundred times in value since its 1997 IPO, you’d be excused for thinking Amazon’s days of turbocharged growth are long gone.

Automation Trepidation

Decades from now, when historians look back on 2016, they’ll of course take note of the momentous votes on both sides of the Atlantic. But if they’re interested in symbolism, they might find that an even more profound turning point occurred over the English countryside in early December, when a little flying robot buzzed  though the air, alighted on a lawn and gently deposited a package for a happy customer.

2016’s Best CEOs

The best chief executive officers are an often-underrated source of competitive advantage. A strong leader with the vision to steer a company safely through rapidly changing business conditions can many times be the difference between a business’ success and failure.

Amazon Voted Best Stock for 2017 by Evercore

Amazon is Evercore’s top stock pick for the upcoming year, mainly due to its position in the data science field. Shares of Amazon were slightly higher in late morning trading on Wednesday, after Evercore named the company its top stock pick for 2017, in a note released earlier today.

Growth Investing 2017: 3 Stocks to Put on Your Radar

With the market hovering near historic highs, many value-minded investors are avoiding stocks that trade at higher multiples than their industries or the overall market. But shunning “expensive” stocks altogether could cause you to miss some growth plays that could crush the market’s returns next year.

Amazon Reports Best Holiday Yet With Record Orders for Echo

Amazon.com Inc. said it had its best holiday season yet, having shipped more than 1 billion items through its Prime and Fulfillment services, and receiving a record number of orders for its own Alexa devices. Sales for Echo speakers based on Alexa’s voice-recognition software were nine times more than the 2015 holiday season, Amazon said in a statement Tuesday.

article

Investors are always looking for an edge — a new and better way to understand and analyze their current and future stocks. One of the best ways to improve in any endeavor is by learning from the wisdom of world-class performers, and this is true in investing, too.