Amazon.com Inc.

Tech stocks just had their worst two-week stretch since the start of the pandemic

Pedestrians pass by the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images What started off as a third-quarter rebound has turned into a flop for tech investors. The Nasdaq tumbled 5.1% this week after losing 5.5% the prior week. That marks the worst two-week stretch for the tech-heavy index since it plunged …

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Amazon loses effort to exclude Jassy and Bezos from testing in FTC Prime probe

Amazon founder Jeff Bezos arrives for his meeting with British Prime Minister Boris Johnson at the UK diplomatic residence on September 20, 2021 in New York City. Michael M. Santiago | Getty Images News | Getty Images The Federal Trade Commission late Wednesday rejected Amazon’s bid to exclude CEO Andy Jassy and founder Jeff Bezos …

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Here are Friday’s biggest analyst calls of the day: Amazon, FedEx, Tesla, Apple, Snowflake & more

Here are Friday’s biggest calls on Wall Street: KeyBanc reiterates Apple as overweight KeyBanc said Apple shares remain attractive. “We recommend owning AAPL. Our KFLD (KeyBanc First Look Data) shows Indexed Spending was +2.0% m/m in August, vs. the three-year avg. of +1.0%. Positively, QTD data appears to be tracking +15 % where September should …

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FTC sends a warning to Uber, Lyft, DoorDash and other ‘gig-work’ companies

The Federal Trade Commission announced Thursday that it plans to crack down on the exploitation of gig workers, whom the agency said are entitled to protection regardless of their worker classification. The commission adopted a policy statement that details issues gig workers face — including deceptive claims about their wages and hours, unfair contract terms …

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These five stocks in the S&P 500 lost almost half a trillion dollars in value in one day amid widespread wipeout

A decline in gasoline prices couldn’t mask the problem that spooked investors on Sept. 13: Core consumer prices resumed their rapid increase during August. Fear of the Federal Reserve’s ongoing tightening of monetary policy to fight inflation sent the Dow Jones Industrial Average DJIA, -3.94% down 1,276 points (or 3.9%) to 31,104, with all 30 …

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Amazon’s workplace safety chief to leave next month, internal memo says

A worker sorts out parcels in the outbound dock at Amazon fulfillment center in Eastvale, California on Tuesday, Aug. 31, 2021. Watchara Phomicinda | Media News Group | The Riverside Press-Enterprise via Getty Images Amazon’s top executive overseeing workplace health and safety is leaving the company next month, CNBC has learned. Heather MacDougall, who joined …

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Oracle reports 18% revenue growth after Cerner deal closes

Oracle CEO Safra Catz speaks during the SelectUSA Investment Summit in Oxon Hill, Maryland, on June 19, 2017. The SelectUSA Investment Summit brings together companies from all over the world, economic development organizations from every corner of the nation and other parties working to facilitate foreign direct investment (FDI) in the United States. Eric Thayer …

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Peloton co-founders John Foley and Hisao Kushi are leaving the company in a broad executive shakeup

John Foley, co-founder and former chief executive officer of Peloton. Michael Nagle | Bloomberg | Getty Images Peloton on Monday announced the resignations of two of the company’s founders and another top executive, marking the end of an era for the struggling fitness-equipment company as CEO Barry McCarthy dramatically reshapes the business. Co-founder and former …

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Extreme California heat knocks key Twitter data center offline | CNN Business

CNN — Extreme heat in California has left Twitter without one of its key data centers, and a company executive warned in an internal memo obtained by CNN that another outage elsewhere could result in the service going dark for some of its users. Twitter (TWTR), like all major social media platforms, relies on data …

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Where Walmart, Amazon and Target are spending billions in a slowing economy

A Walmart employee loads up a robotic warehouse tool with an empty cart to be filled with a customer’s online order at a Walmart micro-fulfillment center in Salem, Mass. on Jan. 8, 2020. Boston Globe | Boston Globe | Getty Images When the economy slows down, the classic response for consumer businesses is to cut …

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Possible triple-homicide in Brossard apartment fire that killed mother and children Police discover stabbed man, 20, on St-Laurent Blvd. Boy reported missing in Springville located safe: N.S. RCMP Colder than average for Sask. winter: Old Farmer’s almanac predicts Power line causes fire to Bedford, N.S. home: Halifax Fire Calgary sport court opens in Bridgeland Vancouver fire crews extinguish flames at SRO in DTES