Amazon Com Stock Price, News & Analysis

Amazon.com announced plans to open its first fulfillment center in Waco, Texas, expected to launch in 2021. This facility will create over 1,000 new full-time jobs with competitive pay and comprehensive benefits from day one. The 700,000 square-foot center will handle small item shipments including electronics and toys. Since 2010, Amazon has generated over 43,000 jobs in Texas and invested $16.9 billion, impacting the state's GDP significantly.

Amazon (AMZN) and J.L. Childress have filed a lawsuit against 11 individuals for counterfeiting Childress’ products, including travel bags for car seats and strollers. Filed in the U.S. District Court for the Western District of Washington on August 10, the lawsuit claims that the defendants conspired to sell counterfeit products on Amazon's platform. Amazon has invested over $500 million in anti-counterfeit measures, resulting in 99.9% of products viewed by customers being free of valid counterfeit complaints.

Amazon (AMZN) has announced support for over a thousand charities globally through product and monetary donations, aimed at providing essential items to communities in need. This initiative will commence immediately across multiple countries, including the U.S., U.K., and India. Celebrity partnerships, like with Gabrielle Union, will help promote the campaign. AmazonSmile will facilitate donations, contributing over $215 million to charities to date. Key organizations like Covenant House and Second Harvest Food Bank will receive specific aid, enhancing Amazon's commitment to community support during the ongoing challenges of the pandemic.

Amazon.com (NASDAQ: AMZN) announced plans to open two new fulfillment centers in Kansas, expected to create over 1,000 full-time jobs with competitive pay and benefits starting immediately. These centers will focus on shipping large items like patio furniture. Amazon also plans to establish a delivery station in Wichita. The company has invested over $700 million in employee training and generated more than $2.9 billion in Kansas, contributing significantly to the local economy with job creation and GDP growth.

Amazon (NASDAQ:AMZN) has launched its Holiday Dash deals event, offering early Black Friday deals with significant discounts across various categories including toys, fashion, electronics, and home products. Customers can access daily deals at amazon.com/holidaydash and through the Amazon App, promoting early shopping and a wide selection of products. Amazon is also providing over a million deals worldwide, along with extended return policies for items purchased during the holiday season. Prime members have access to exclusive savings and fast delivery options, enhancing the overall shopping experience.

Amazon.com, Inc. (NASDAQ: AMZN) is set to hold a conference call on October 29, 2020, at 2:30 p.m. PT to discuss its third quarter 2020 financial results. The call will be available via live webcast, and the audio along with associated presentation slides will remain accessible for at least three months on the company's investor relations page at www.amazon.com/ir.

Amazon's recent Prime Day event marked record-breaking sales, generating over $3.5 billion for small and medium-sized businesses, a nearly 60% increase from last year. The event spanned 19 countries and resulted in Prime members saving more than $1.4 billion. Amazon is investing $18 billion in support of small businesses, with significant promotions leading to over $900 million in sales prior to Prime Day. Popular categories included Home and Electronics, with top-selling products like Echo Dot and iRobot Roomba. Prime membership continues to grow, enhancing customer savings and shopping experiences.

Amazon is set to launch its highly anticipated Prime Day on October 13 at 12am PT, offering exclusive access to over one million deals across 19 countries. Members can shop early via Alexa starting October 11, with a focus on supporting small businesses. The promotion includes curated collections featuring small businesses and a $10 credit for spending $10 on select items. Prime Day will showcase unprecedented deals on Amazon devices, electronics, home goods, toys, and more, with significant discounts available on top brands and products.

Amazon Web Services (AWS) and Carrier Global Corporation have entered a multi-year agreement to co-develop Carrier's Lynx digital platform, enhancing visibility and intelligence in cold chain operations. This collaboration aims to improve temperature-sensitive cargo management, optimizing resource utilization and reducing loss. The Lynx platform will integrate Carrier's refrigeration solutions with AWS's IoT and analytics capabilities, offering end-to-end tracking and predictive analytics. This partnership signifies a strategic move for both companies in the rapidly evolving digital transformation landscape.