Amazon Com Stock Price, News & Analysis

Ipsos' new study reveals that a significant majority of Americans, 80%, believe the federal minimum wage of $7.25 is too low and should be increased to at least $15 per hour. The poll, which surveyed over 6,000 individuals, found that two-thirds support a $15 minimum wage. Many respondents indicated that those earning less than $15 struggle to afford basic necessities. Amazon, having raised its starting wage to $15 in 2018, is highlighted as a leader among large employers advocating for wage increases to enhance employee well-being.

Amazon.com plans to establish a new fulfillment center in Amarillo, Texas, creating over 500 full-time jobs with competitive pay and comprehensive benefits. The one million square-foot facility, expected to launch in early 2022, will focus on shipping larger items like furniture and outdoor equipment. Amazon has invested significantly in Texas, creating more than 70,000 jobs and contributing over $18.8 billion to the state's GDP. The new center is anticipated to benefit the local economy and enhance Amazon's operational capabilities in the Texas Panhandle.

(NASDAQ: AMZN) Amazon Music has announced a new integration of artist merchandise within its mobile app, enhancing the fan experience by allowing customers to shop for artist merch alongside music content. This feature showcases merchandise from artists like Billie Eilish, Jack Harlow, and Lady Gaga, available with Prime shipping. Additionally, exclusive collections, including items from Selena Gomez and Weezer, are now offered. The goal is to deepen artist-fan connections by uniting various entertainment forms in one platform.

Amazon Web Services (AWS) has launched new Amazon Elastic File System (EFS) One Zone storage classes, reducing storage costs by 47% compared to existing options. These classes are designed for workloads that do not require the high availability of regional EFS, offering lower costs without compromising on features. Customers only pay for the storage they use, which starts at $0.043/GB-month. One Zone storage classes provide 99.9% availability and are available in multiple regions worldwide. This innovation aims to help businesses optimize costs while maintaining necessary features.

Amazon Web Services (AWS) has been selected as the Official Cloud Provider for the PGA TOUR. This partnership aims to enhance golf content creation and distribution, providing fans with more personalized experiences. AWS will deliver machine learning and media services to transform tournament footage into engaging digital content, including Every Shot Live streaming for real-time shot access. Additionally, AWS will build a data lake to archive 100 years of multimedia content, enhancing access for fans. AWS will also support the First Tee youth organization, reaching over 3.7 million youngsters annually.

Amazon Web Services (AWS), a subsidiary of Amazon.com (NASDAQ:AMZN), has launched its new AWS Asia Pacific (Osaka) Region, expanding its existing Osaka Local Region. This new region features three Availability Zones, enhancing service availability and reducing latency for users in Japan. With 80 Availability Zones across 25 global regions, AWS aims to meet growing customer demands for cloud services. Key customers utilizing this new region include Mitsubishi UFJ Financial Group and Sony Bank, which have shifted significant workloads to AWS, underscoring the growing reliance on cloud computing in Japan.

IMDbPro has enhanced its platform by adding thousands of searchable cast and crew notices through partnerships with Staff Me Up, Casting Calls America, and Crew Calls America. This expansion provides access to over 30 job categories, including actor, writer, and director roles. IMDbPro's commitment to supporting entertainment professionals amid COVID-19 includes a feature for work-from-home job searches and free access to video conferencing via Amazon Chime. The updates also incorporate the IMDbPro Discover tool, allowing users to find talent based on their experience.

Amazon Web Services (AWS), a subsidiary of Amazon.com (NASDAQ: AMZN), has launched Amazon Lookout for Vision, a new service that employs machine learning to detect manufacturing defects. Utilizing few-shot learning, customers can train models with just 30 baseline images. This tool aims to streamline quality control in manufacturing, reducing costly errors by enabling real-time anomaly detection without requiring machine learning expertise. Available through the AWS console, Lookout for Vision charges customers based on actual usage, facilitating a cost-effective solution for various industrial applications.

Amazon (NASDAQ: AMZN) announced a $15 million donation to nonprofit Code.org through its Amazon Future Engineer program. This funding will support the creation of a new Advanced Placement computer science curriculum aimed at increasing diversity in tech education for underrepresented students, particularly Black, Latino, and Native American groups. The curriculum will incorporate cultural perspectives and aim to engage students through real-world projects, enhancing their preparation for college-level computer science courses.