Amazon Com Stock Price, News & Analysis

Amazon Books Editors have named Amor Towles’ The Lincoln Highway as the Best Book of 2021, marking a highlight in literary recognition. This annual selection, curated from thousands of books, features 100 top titles across various genres, including memoirs and cookbooks. Sarah Gelman, Editorial Director, emphasized the book's universal appeal and its themes of hope. Towles expressed gratitude for the recognition, hoping readers enjoy the journey of his characters. A live author series celebrating these selections is scheduled for November 16, 2021, at 9 a.m. PST.

Amazon is set to launch a remarkable Black Friday event with thousands of deals on November 25. Discounts will feature electronics from Samsung and LG, popular toys from brands like Barbie and Disney, and a variety of household items. The company highlights its investment in logistics, ensuring swift delivery options for Prime members, including One-Day and Same-Day Delivery. The event aims to support small businesses, showcasing products from diverse sellers. Additionally, Amazon is hiring 125,000 full-time employees, emphasizing its commitment to customer service and operational excellence.

IBM and Amazon Web Services announced a collaboration aimed at enhancing the energy sector by integrating IBM Open Data for Industries with AWS Cloud. This solution, leveraging Red Hat OpenShift, will enable energy companies to utilize both cloud and on-premises data platforms, facilitating the reduction of data barriers in operational processes.

The partnership focuses on empowering energy firms to transition towards sustainable practices and improve data accessibility, addressing the industry's challenge of underutilized data due to proprietary formats.

Amazon has launched Amazon Music in Colombia and Chile, offering two streaming tiers: Amazon Music Unlimited and a free ad-supported option. The Unlimited tier provides access to over 75 million songs in high-quality audio with ad-free, on-demand streaming. A three-month free trial is available for new customers. Users can enjoy local and international artist playlists, podcasts, and spatial audio across devices. Pricing in Colombia starts from $7,105 COP for the Echo Plan, while in Chile, it begins at CLP$2,200.

Amazon (AMZN) has announced the creation of three new operations facilities in Alabama, including a fulfillment center in Huntsville and a delivery station in Birmingham. This expansion will create over 500 full-time jobs and 1,800 seasonal positions ahead of the holiday season. The company has invested more than $1 billion in the state, providing a minimum wage of $15 per hour and comprehensive benefits. The new sites aim to enhance service capacity and leverage innovative technologies for efficiency.

Amazon has opened a new sortation center in Maple Grove, Minnesota, enhancing delivery services for the Northern Twin Cities Metro Area. The facility will employ over 1,000 workers, promoting local job growth and community engagement. Initially operational since October 27, it aims to increase the speed of package delivery. New hires can earn over $18 per hour, with signing bonuses of $3,000 and extensive benefits. Amazon's investment in Minnesota exceeded $3 billion between 2010 and 2020, creating an additional $3 billion in GDP and supporting thousands of indirect jobs.

Amazon (NASDAQ: AMZN) and Weber Inc. (NYSE: WEBR) have filed a lawsuit against 12 defendants for selling counterfeit Weber products on Amazon's platform. The lawsuit, filed in the United States District Court for the Western District of Washington, claims defendants misled customers about product authenticity. Amazon has closed the defendants' accounts and refunded affected customers. Amazon has invested over $700 million in anti-counterfeiting measures, employing more than 10,000 staff to protect its marketplace.

Amazon Music announces its largest holiday programming season with original songs from popular artists like Camila Cabello and Norah Jones. Listeners can enjoy exclusive tracks, including holiday classics and new releases. Additionally, customers can access three months of Amazon Music Unlimited for free, featuring over 75 million songs and countless podcast episodes. Amazon highlights a surge in holiday music streaming, surpassing 750 million streams over the last three years. The platform also introduces themed playlists and exclusive merchandise collections, enhancing the holiday experience.