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☆ Big Tech’s next key market is India. Here’s how four Club portfolio names are playing it
▼ + stars: | 2024-02-16 | by ( Morgan Chittum | ) www.cnbc.com time to read: +8 min

Just days after delivering a stellar quarter, Microsoft CEO Satya Nadella was on a whirlwind speaking tour throughout India. The Indian market also represents a largely untapped market that will diversify revenue streams. Over the summer, India became Amazon's first market in Asia to launch its dedicated virtual cargo airline , dubbed Amazon Air. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Satya Nadella, Morgan Stanley, Chetan Ahya, Ahya, Bernstein, Nadella, Zev Fima, Fima, Tim Cook, Amazon, Sundar Pichai, Jim Cramer's, Jim Cramer, Jim Organizations: Microsoft, Apple, country's Ministry, Skill Development, Entrepreneurship, Club, Foxconn Technology, Media, Amazon, Walmart, Web Services, Google, CNBC Locations: India, Mumbai, Bengaluru, New Delhi, China, Asia, United States, Chennai, Puna, Hyderabad, Tamil Nadu, India's, Gujarat

☆ You'll start seeing ads on Amazon Prime Video today — unless you pay an extra $3 a month to remove them
▼ + stars: | 2024-01-29 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Read previewIf you use Amazon Prime Video, expect to start seeing some ads today unless you're willing to shell out a few more bucks a month. The streaming service began to roll out ads on Monday unless subscribers pay an additional $2.99 per month to avoid them. Prime Video is included with an Amazon Prime membership, which costs $14.99 per month, or $139 if bought for the year. While Amazon increases the price of Amazon Prime Video, the company is also paring back its labor costs. Amazon earlier this month announced layoffs affecting "several hundred" people in its Prime Video and Amazon MGM Studios divisions.

Persons: — Organizations: Service, Business, Amazon, Netflix, Hulu, Max, Disney, Paramount, Showtime, Amazon Prime, Amazon MGM Studios Locations: UK, Germany, Canada, France, Italy, Spain, Mexico, Australia

☆ Should a company rate its staff? A former Amazon exec says 'stack ranking' is useful when done right
▼ + stars: | 2023-12-05 | by ( Lucy Handley | ) www.cnbc.com time to read: +6 min

What is 'stack ranking?' "Stack ranking" is an employee rating system popularized by executive Jack Welch in the 1980s during his time as CEO of GE. Does stack ranking work? And in many cases, having a stack ranking system is actually helpful, because there's an objective, collaborative process to evaluating employees," he said. Why is stack ranking controversial?

Persons: —, Alykhan Sunderji, Sunder, Jack Welch, Sunderji, Banks, Goldman Sachs, McDonald's, Chris Kempczinski Organizations: Amazon, CNBC, GE, Amazon Pay, Google, Microsoft, Origin, New York Times

☆ 126 Best Amazon Black Friday Deals 2023
▼ + stars: | 2023-11-24 | by ( Bellamy Richardson | ) www.wsj.com time to read: +2 min

Now through Cyber Monday (Nov. 27), Amazon has deals on items from ice makers and air fryers to cameras and watches. Headphone and audio dealsDuring Black Friday sales, we’ve spotted discounts on high quality headphones, earbuds and speakers for easy listening. For more great deals on vacuums, check out our list of the best Black Friday vacuum deals. For more great deals, check out our list of the best Black Friday tech and Apple deals. See our list of the best Black Friday fitness deals for discounts on everything you need for your home gym.

Persons: Bellamy Richardson, Read, Kitchen, fryer Organizations: Black, Amazon, Amazon’s, Foods, Tech, Apple

☆ Amazon says unapproved eye drops being removed from its platform
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Pascal Rossignol/File Photo Acquire Licensing RightsNov 15 (Reuters) - Amazon (AMZN.O) said on Wednesday it was in the process of removing seven unapproved eye drops from its e-commerce platform following a warning letter from the U.S. health regulator earlier this week. The U.S. Food and Drug Administration (FDA) on Monday sent a warning letter to Amazon for selling eye drops which have not been recognized as safe and effective in providing temporary relief from symptoms such as excessive watery discharge, redness, burning and pink eye. The eye drops flagged in the letter to Amazon include Similasan Pink Eye Relief, Can-C Eye Drops, Optique 1 Eye Drops and OcluMed Eye Drops, among others. The FDA has warned consumers against using 26 over-the-counter eye drops due to risk of infection and some cases of possible vision loss. The health agency also sent warning letters to eight other companies in September, including pharmacy giants CVS Health (CVS.N) and Walgreens Boots Alliance (WBA.O), against manufacturing or marketing of certain unapproved eye products.

Persons: Pascal, Bhanvi, Shounak Dasgupta Organizations: REUTERS, U.S . Food, Drug Administration, Monday, Eye, FDA, CVS Health, Walgreens Boots Alliance, Thomson Locations: U.S, Bengaluru

☆ US FDA warns Amazon against sale of unapproved eye drops
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNov 14 (Reuters) - The U.S. Food and Drug Administration said on Tuesday it had sent a warning letter to Amazon.com (AMZN.O) related to sale of seven unapproved eye drops on the company's e-commerce platform. In the letter dated Nov. 13, FDA said Amazon was selling eye drops which have not been recognized as safe and effective for providing temporary relief from eye symptoms such as excessive watery discharge, redness, burning, or pink eye. Eye products generally pose a greater risk of harm to consumers as they bypass some of the body's natural defenses, the agency said. The seven products flagged in the letter to Amazon include Similasan Pink Eye Relief, Can-C Eye Drops, Optique 1 Eye Drops, OcluMed Eye Drops, among others. In September, FDA warned eight companies, including pharmacy giants CVS Health (CVS.N) and Walgreens Boots Alliance (WBA.O), against manufacturing or marketing of certain unapproved eye products.

Persons: Brendan McDermid, Privately, Similasan, Bhanvi, Shounak Dasgupta Organizations: Amazon, REUTERS, U.S . Food, Drug Administration, FDA, Eye, CVS Health, Walgreens Boots Alliance, Thomson Locations: New York City, U.S, Bengaluru

☆ Dow closes up more than 510 points to kick off a busy week for the US economy
▼ + stars: | 2023-10-30 | by ( Krystal Hur | ) edition.cnn.com time to read: +3 min

Apple shares rose 1.2% on Monday ahead of its quarterly results due after Thursday’s close, which will be closely watched after the carnage in tech stocks last week. Other Big Tech stocks also rallied Monday. Alphabet shares rose 1.9%, Meta Platforms added 2%, Microsoft gained 2.3% and Amazon increased 3.9%. McDonald’s shares also rose 1.7% on Monday after the fast-food chain beat top- and bottom-line expectations. Traders largely expect that the Fed won’t hike rates for the rest of the year, according to the CME FedWatch Tool.

Persons: New York CNN — Stocks, Dow, Jerome Powell, Thursday’s, Eli Lilly, stoking, ”, Tom Graff Organizations: New, New York CNN —, Federal, Nasdaq, Big Tech, Traders, Treasury Department, Treasury, Apple, Microsoft, Anheuser, Busch, Stellantis, CVS, Kraft Heinz, Pfizer, Starbucks, Investors Locations: New York

☆ 8 entrepreneurs who left corporate America share the financial steps they took before quitting their jobs to work for themselves
▼ + stars: | 2023-10-10 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

Entrepreneurs who left the corporate world to start businesses told Insider how they made the leap. They shared the financial steps they took, such as paying down debt and building an emergency fund. Ludomir Wanot, who quit a six-figure job at Amazon to build a real-estate-wholesaling business, took stock of his personal finances as he was preparing to leave corporate America. Steph Gordon and Den Mathu, a couple in Toronto, also considered their personal finances before quitting their corporate jobs to create online content full-time. You want to allow yourself as long a runway as possible to survive as an entrepreneur because, inevitably, you're going to make mistakes (and maybe costly ones).

Persons: —, Phil Thompson, Ludomir Wanot, Ludomir, Wanot, Steph Gordon, Den Mathu, Gordon, Mathu, Mike Gardon, Katie McCarron, Maggie, McCarron, It's, Katie Lauffenburger, Thompson, Tyler Wright, she'd, Wright Organizations: Entrepreneurs, Service, Amazon, Evergreen Housing, Portland Pet Food, Academic, Wonder Locations: Toronto, Portland, America, Chicago

☆ How knockoffs took over America
▼ + stars: | 2023-09-14 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +10 min

But these fake products have major financial and societal impacts that can lead to lost sales, jobs, and livelihoods. US Customs and Border Protection officers inspect boxes of counterfeit products at the Los Angeles/Long Beach Seaport complex. Edward Berthelot/GettyWhy sales of counterfeit goods have soaredE-commerce has been a breeding ground for knockoffs. AdvertisementAdvertisementAccording to the US Sentencing Commission , the maximum sentence for selling counterfeit goods is 10 years in prison. In 2020, Amazon established its Counterfeit Crimes Unit, which works with brands to identify and remove counterfeit products.

Persons: Daniel Shapiro's, Hugo Boss, counterfeiters, Spencer Platt, Getty, Shapiro, Jason Armond, Gabrielle Chanel, Michael Kors, Gucci, Chanel, Zers, Edward Berthelot, Superfakes, They've, Wang Zhao, I'm, counterfeits, It's Organizations: Service, Red, Puma, Fila, eBay, US Department of Homeland Security, International Chamber of Commerce, Frontier Economics, Customs, Border Protection, Los, United States Intellectual, United Nations Office, Drugs, UN, Seaport, Economic Cooperation, Development, US Chamber of Commerce, US Customs, Protection, US, Commission, Nike, Amazon Locations: Wall, Silicon, Manhattan, Los Angeles, Long, Beijing, Europe, China

Brazilian President Luiz Inacio Lula da Silva has been advocating for a common regional policy to end deforestation by 2030, promising his country will reach zero deforestation. However, the failure to agree on a common policy to end deforestation in the Amazon is concerning, as the fate of the rainforest is critical to the health of the planet. It is home to a unique array of animal and plant life, and is crucial to maintaining a global climate balance because it stores a huge amount of carbon and strongly influences global weather patterns. According to CNN affiliate CNN Brasil, Guyana, Suriname and Bolivia left the meeting refusing to agree on a goal. On Monday, Colombia backed an indigenous-led global pact to protect 80% of the Amazon by 2025.

Persons: Luiz Inacio Lula da Silva, Lula da Silva’s, Jair Bolsonaro, haven’t, ” Lula da Silva, Evaristo Sa, Susana Muhamad Organizations: CNN, Amazon Cooperation Treaty Organization, Brazilian Amazon, Peoples of, Getty, Amazon Alliance, CNN Brasil, Brazil’s National Institute for Space Research, Colombian Locations: Brazil, Brazilian, Belém, Para State, AFP, Colombia, Peru, Bolivia, Ecuador, Venezuela, Guyana, Suriname, Amazonia

The KraneShares CSI China Internet ETF is up 5.4% since Friday, while back home the CSI Overseas China Internet Index (.CSIH11136) is up nearly 3%. Yet China tech valuations have been gutted in the nearly 3 years since Ant was forced to shelve its initial share offering, and fund managers see plenty of headwinds, apart from just policy scrutiny. "The government has learned that the private sector - particularly the tech sector - is a critical partner in jump-starting growth. The government will continue to exert pressure on key tech companies even as they allow growth to resume," he said. For some sell-side analysts, though, China tech has turned a corner.

Persons: Jack Ma, Jon Withaar, Ant, Wong Kok Hoi, Wong, Kai Kong Chay, Derrick Irwin, Xi Jinping's, Alibaba's ADRs, Morgan Stanley, Min Lan Tan, Vidya Ranganathan, Kim Coghill Organizations: Group, Alibaba, HK, Pictet Asset Management, CSI China, CSI Overseas, CSI Overseas China Internet, Amazon Inc, APS Asset Management, Greater, Manulife Investment Management, UBS Global Wealth Management, Thomson Locations: HONG KONG, China, Asia, Hong Kong, Alibaba, CSI Overseas China, Singapore, Greater China, Boston

For instance, you can now buy the Amazon Kindle Paperwhite Kids edition for just $104.99. Like all Prime Day deals, this offer is exclusive to Amazon Prime subscribers. Kindle Paperwhite Kids Prime Day dealA great Kindle for kids (and maybe even adults)If you're considering the Kindle Kids for its more enticing price tag, consider the distinct benefits of the Kindle Paperwhite Kids instead. (We don't have a review for the Kids version specifically, but software differences aside, you can learn more about the latest model in our Kindle Paperwhite review)The standout feature of the Kindle Paperwhite Kids is its durability and practicality. The Kindle Paperwhite Kids doesn't just stop at hardware upgrades.

Persons: Harry Potter Organizations: Amazon

☆ Amazon charts its own course on A.I., leaning on its strengths in cloud and e-commerce
▼ + stars: | 2023-07-11 | by ( Paulina Likos | ) www.cnbc.com time to read: +10 min

AI in advertising Amazon is not only differentiating its gen AI strategy by leveraging the cloud, but it's also incorporating AI in e-commerce to support its ad business. Amazon Prime Day Amazon Prime Day, the global shopping event that attracts consumers seeking huge cost-saving deals, on a variety of products will be held July 11 and 12 in 24 countries. Coupled with the cloud, e-commerce is the other big piece of what Amazon is all about. The 48-hour event is expected to bring in $8 billion in U.S. e-commerce sales, according to data by Insider Intelligence. Still, Insider Intelligence data shows Amazon Prime Day e-commerce sales will surpass that of competing retailers.

Persons: Andy Jassy, Scott Devitt, Devitt, Andrew Lipsman, it's, Lipsman, Sellers, Gene Munster, Jim Cramer's, Jim Cramer, Jim Organizations: Amazon Web Services, CNBC, Amazon, Microsoft, Nvidia, AWS, Insider Intelligence, Google, Deepwater Asset Management, Intelligence, Amazon CNBC Locations: U.S

The best Prime Day TV dealsDeal icon An icon in the shape of a lightning bolt. $79.99 from Amazon Originally $149.99 Save 47%Deal icon An icon in the shape of a lightning bolt. Deal Samsung 75-inch QN90B 4K QLED TV This 75-inch Samsung Neo QLED is an excellent high-end alternative for buyers who don't want an OLED TV. $719.99 from Amazon Originally $1,049.99 Save 31%Insignia 43-inch Class F30 Series 4K TV This Insignia Fire TV offers 4K quality and Amazon Fire Smart TV functionality in an affordable package. $99.00 from Amazon Originally $129.00 Save 23%Deal icon An icon in the shape of a lightning bolt.

Persons: we'll, Price, It's, we've, Apple AirPods Organizations: Prime Day, Amazon, Price LG, LG, PlayStation, Samsung, Dolby, Fire, Apple, Price Apple

But as local economic development officials worked with Ford and other prospective investors, it became clear they needed a much bigger footprint. The rest has been earmarked by economic development officials for suppliers and other developments. In Marshall, residents petitioned to hold a referendum on the project, gathering over 800 signatures in a city of 6,800. She believes factory workers will move to Marshall to work for Ford. He notes that the factory he works at, in nearby Battle Creek, has struggled to find skilled workers.

Persons: Fred, Joan Chapman, Ben Klayman MARSHALL, Fred Chapman, ”, That’s, Chapman, Joe Biden, Gabby Bruno, Glenn Kowalske, “, Ford's Bruno, Ford, Bruno, CATL's, James Durian, Durian, Sue Damron, Marshall, he’s, Timothy Aeppel, Ben Klayman, Dan Burns, Nick Zieminski Organizations: Ford Motor Co, Ford Motor, Census, Ford, Amperex Technology Co, Amazon, Marshall, Economic Development Alliance, Thomson Locations: Marshall Township , Michigan, U.S, Mich, Marshall, Kalamazoo, New York City, China, Calhoun County, Battle, Mexico, New York, Marshall , Michigan

☆ Stocks making the biggest moves midday: Virgin Galactic, iRobot, Cava, SoFi and more
▼ + stars: | 2023-06-16 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

iRobot — The stock surged 19% after U.K. regulators approved Amazon's $1.7 billion acquisition of the Roomba vacuum cleaner maker. Cava Group — Cava Group shares dropped 15% during trading Friday, giving back some of its gains from its massive debut Thursday on the New York Stock Exchange. SoFi Technologies — The financial technology stock dropped more than 8% after both Bank of America and Piper Sandler downgraded it to neutral from buy, citing SoFi's recent run higher. Micron Technology — Shares dipped 1.5% after Micron Technology said a China chip ban could hurt the company. Truist Financial — Shares fell 1.6% after Odeon Capital Group downgraded Truist Financial to hold from buy, according to FactSet.

Persons: Richard Branson, iRobot, Piper Sandler, Refinitiv, Morgan Stanley, Joseph Moore, — CNBC's Michelle Fox, Alex Harring, Yun Li Organizations: Virgin Galactic —, West Pharmaceutical Services, Bank of America, — Cava, New York Stock Exchange, Technologies, Adobe, Nvidia, Devices, Micron Technology, U.S . Securities, Exchange Commission, — Humana, Odeon Capital Locations: China

☆ Amazon is working on a secret AI home robot that can understand things and monitor whether kids had friends over after school
▼ + stars: | 2023-05-15 | by ( Eugene Kim | ) www.businessinsider.com time to read: +2 min

Amazon is working on a new home robot that comes with ChatGPT-like AI features. Potential uses include identifying an unattended burning stove, or which of your kids' friends came over after school. The upgrade would be another example of Amazon incorporating generative AI into its productsAmazon's Astro home robot is up for a major upgrade, with ChatGPT-like features that can help it observe and understand things like a human does, Insider has learned. It's also the latest example of Amazon adding generative AI and LLM technology into its existing products and services, following the explosive popularity of chatbot sensation ChatGPT. Burnham may not be limited to just the one robot product either.

☆ Codename Burnham: Amazon has a secret new home robot with ChatGPT-like features that understands a lot more of its surroundings.
▼ + stars: | 2023-05-09 | by ( Eugene Kim | ) www.businessinsider.com time to read: +7 min

Amazon is working on an upgraded version of its home robot Astro, powered by 'Burnham' technology. The robot has ChatGPT-like features, using large language models and other advanced AI. This is a new phase for Astro and the latest example of Amazon adding AI models to existing products. In one of these documents related to Burnham, Amazon describes an Astro product that costs $995. As LLMs were growing in scale, they started demonstrating "emergent skills in both inference and problem-solving," one of the Amazon documents stated.

☆ Amazon's drone business can't get off the ground as regulations, weak demand stymie progress
▼ + stars: | 2023-03-11 | by ( Annie Palmer | ) www.cnbc.com time to read: +11 min

He even had baseball caps made that said "D&R 2022" with the Prime Air logo on them. CEO Andy Jassy, who succeeded Bezos in mid-2021, hasn't talked a lot about Prime Air in public. Prime Air sites in Lockeford, College Station and Pendleton, Oregon, were all hit by the job cuts, further straining operations. An Amazon drone operator loads the single shoebox-size box that can fit inside its MK27-2 Prime Air drone AmazonIt was a surprising setback for Amazon. Meanwhile, Amazon is working on development of its next-generation Prime Air drone called the MK30, and known internally as CX-3.

☆ A top-100 Amazon seller with over $200 million in sales shares the top 6 things that set apart a successful seller from a failed one
▼ + stars: | 2023-02-18 | by ( Laila Maidan | ) www.businessinsider.com time to read: +9 min

He has since learned the key things that set apart those who succeed and fail on Amazon FBA. But by 2013, he had taken interest in Fulfillment by Amazon after his brother, a toy seller on the platform, surpassed $1 million in sales. One thing Needham has learned from being an Amazon seller for over a decade is that the business is far from passive. Below are six key things he says could set apart the successful Amazon seller from the ones who fail. Another successful seller Needham knows will launch a slightly different product at all three price points.

☆ Companies are using layoffs to cut new-hire salaries and win back the power they held before the pandemic, some recruiters say
▼ + stars: | 2023-02-12 | by ( Juliana Kaplan | Rebecca Knight | ) www.businessinsider.com time to read: +8 min

Speculation on the 'real reason' tech companies are shedding workersSome on TikTok and Reddit have posited that the "real reason" tech companies are cutting jobs is to tamp down fat salaries bloated by the Great Resignation. Tech companies scrambled to meet demand and went on a hiring binge during the pandemic. At a time when wages were climbing at the fastest pace in decades across the board, tech companies were especially generous to new hires — and even existing employees. A year and a half ago, compensation was a "completely different ball game," a former recruiter at Google told Insider. Will tech companies then try to hire back their workers at lower salaries?

☆ U.S. Treasury urges financial firms to examine cloud services
▼ + stars: | 2023-02-08 | by ( ) www.reuters.com time to read: +2 min

Deputy Secretary of the Treasury Wally Adeyemo said while "there is no question that providing consumers with secure and reliable financial services means greater demand for cloud-based technologies,” there needed to be "safe and effective migration" as banks and other financial companies adopt cloud services. "Treasury found that cloud services could help financial institutions become more resilient and secure, but that there were some significant challenges that could detract from these benefits," department officials wrote in their report assessing current cloud adoption in the financial industry. Those issues include financial firms' exposure to potential cyber incidents, an industry-wide reliance on a small number of cloud providers and a lack of technology workers able to help financial institutions deploy cloud services, among other challenges, department officials said. Treasury officials recommended steps that could help the sector adopt cloud computing, adding that it "neither endorses nor discourages cloud service adoption by the sector." Technology companies that provide cloud computing services include Amazon Inc's (AMZN.O) Amazon Web Services, Alphabet Inc's (GOOGL.O) Google, Microsoft Corp (MSFT.O) and Oracle Corp (ORCL.N).

☆ Futures fall as megacaps slide on downbeat earnings
▼ + stars: | 2023-02-03 | by ( ) www.reuters.com time to read: +2 min

Shares of Wall Street heavyweights Apple (AAPL.O), Amazon Inc (AMZN.O) and Alphabet Inc (GOOGL.O) declined between 3.5% and 6% in premarket trading. The economy is expected to have added 185,000 jobs, fewer than the 223,000 additions in December. The unemployment rate is expected to tick higher to 3.6% in January, from 3.5% in December. The unemployment rate is expected to tick higher to 3.6% in Janaury, from 3.5% in December. ET, Dow e-minis were down 81 points, or 0.24%, S&P 500 e-minis were down 29.25 points, or 0.7%, and Nasdaq 100 e-minis were down 181.5 points, or 1.41%.

☆ Amazon warehouse workers at Coventry walk out over pay in UK first
▼ + stars: | 2023-01-25 | by ( Muvija M | ) www.reuters.com time to read: +2 min

REUTERS/Brendan McDermid./File Photo/File PhotoLONDON, Jan 25 (Reuters) - Amazon (AMZN.O) workers at a warehouse in central England will walk out on Wednesday in a months-long wrangle over pay, marking the first time the U.S. tech giant's operations in Britain have faced strike action. About 300 employees in Coventry are expected to take part in the industrial action, according to the trade union GMB. Amazon increased starting pay by 50 pence to a minimum of between 10.50 and 11.45 pounds ($12.95 to $14.12) per hour last year. The country's minimum wage, which is currently 9.50 pounds an hour, is set to rise to 10.42 in April. Amazon, which employs thousands of workers across its 30 warehouses in the UK, had then responded to say its pay was competitive.

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