Amazon Com Stock Price, News & Analysis

Amazon has announced the opening of two new delivery stations in Hanover and Baltimore, Maryland. The Hanover facility spans 194,000 square feet, while the Baltimore station covers 72,000 square feet. These stations will create hundreds of jobs and enhance delivery efficiency for customers. Notably, Amazon has generated over 29,000 jobs in Maryland since 2010 and invested more than $9.5 billion there. Furthermore, the company aims to upskill 100,000 employees with a $700 million investment by 2025.

Amazon is set to hire over 40,000 corporate and tech roles across 220 locations in the U.S. and tens of thousands of hourly positions. On September 15, the company will host its largest-ever Career Day to offer personalized coaching sessions for job seekers and current employees, with over 1,200 recruiters providing 20,000 sessions. A survey shows 40% of job seekers reconsidering their careers due to the COVID-19 pandemic. Amazon aims to support workers in navigating their career paths and learning new skills amidst changing labor market dynamics.

Apple has announced the acquisition of Primephonic, a classical music streaming service. This deal aims to enhance the classical music experience for Apple Music subscribers by introducing Primephonic playlists and exclusive content. A dedicated classical music app combining Primephonic's features is expected next year. Current Primephonic subscribers will receive six months of free access to Apple Music, including high-quality classical albums. The acquisition reflects Apple's commitment to expand its music offerings and attract classical music enthusiasts.

Amazon Web Services (AWS) has been chosen by Sun Life (TSX: SLF, NYSE: SLF) as its strategic cloud technology provider to enhance its digital capabilities. The partnership aims to develop innovative digital client experiences and improve operational efficiency. Sun Life introduced the 'Catalysts for Cloud' training program for employees, enhancing cloud skills with AWS support. Additionally, Sun Life has established innovation labs in North America and Asia to improve collaboration and client interactions. This cloud-first approach positions Sun Life as a leader in digital transformation in the insurance sector.

Apple has announced changes to the App Store aimed at resolving a class-action lawsuit from US developers, pending court approval. Key elements include allowing developers to share purchase options outside iOS apps, expanding subscription price points from under 100 to over 500, and establishing a fund to assist qualifying developers earning less than $1 million. The App Store Small Business Program will continue for three years, and developers can appeal app rejection decisions. These updates intend to enhance the App Store as a profitable platform for developers while maintaining user trust.

Mi India, India’s leading smart TV brand, has partnered with IMDb to integrate fan ratings and entertainment data from IMDb across more than 30 streaming services on its PatchWall interface. This collaboration aims to enhance content discovery for Indian viewers, offering access to detailed information on movies and shows directly from the PatchWall platform. IMDb, known for its extensive database and user-generated ratings, will provide features such as episode listings and genre categorization, improving the viewing experience for Mi and Redmi TV users.

Amazon (NASDAQ: AMZN) announced new security initiatives aimed at combating cybersecurity threats. Starting October, the company will provide free cybersecurity training materials, developed for its employees, to individuals and organizations. Additionally, qualified AWS customers can receive a complimentary Multi-Factor Authentication (MFA) device, enhancing security for sensitive information. These initiatives aim to educate users and improve online security, helping organizations mitigate risks associated with cyberattacks.

Amazon Web Services has launched Amazon MemoryDB for Redis, a fully managed, Redis-compatible in-memory database designed for ultra-fast performance and durability. It allows customers to manage databases without separate caching systems, supporting high-performance applications with sub-millisecond response times. MemoryDB offers scalability and encryption, and is currently available in several global regions. This innovation addresses increasing demands for efficient microservices and real-time user experiences, with notable interest from companies like Netflix and Twilio.

Amazon (NASDAQ: AMZN) plans to spend over $120 billion on U.S. supplies in 2021, up 20% year over year, benefiting over 200,000 American businesses. This spending is estimated to support an additional 840,000 jobs across various industries. CEO Dave Clark emphasizes the importance of partnerships with U.S. businesses, while the U.S. Chamber of Commerce highlights Amazon's role in aiding small businesses during uncertain times. Amazon continues as a significant job creator, with over 400,000 hires in 2020 and 950,000 employees currently.