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☆ Amazon CEO Andy Jassy says he's committed to cost cutting while investing in AI in shareholder letter
▼ + stars: | 2024-04-11 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +41 min

This work diminished short-term revenue, but was best for customers, much appreciated, and should bode well for customers and AWS longer-term. We're also making progress on many of our newer business investments that have the potential to be important to customers and Amazon long-term. Being intentional about building primitives requires patience. Customers building their own FM must tackle several challenges in getting a model into production. Customers' AI models contain some of their most sensitive data.

Persons: Andy Jassy, Jassy, Jeff Bezos, he's, we've, Martha Stewart, Clinique, we're, We've, bode, We're, I've, iterating, We'd, we'd, Fox, affordably, you've, They're, Anthropic, that's, Claude, Dana, debugs, Slack Organizations: Amazon, Services, AWS, Deal, Prime, MGM, Savings, Regions, Citadel, Target, Storage Service, Netflix, Disney, Max, Paramount, CIA, . Intelligence, Amazon Freight, Carrier, Amazon Shipping, Foods, Drones, Amazon Pharmacy, Amazon Clinic, Robotics, Nvidia, Ricoh, NatWest, FMs, Meta, Bridgewater Associates, Farber Cancer Institute, Delta Air Lines, Intuit, KT, Lonely, LexisNexis, Netsmart, Pfizer, PGA, Rocket Companies, Siemens, Media, Inc Locations: North America, U.S, Europe, India, Brazil, Australia, Mexico, Middle East, Africa, Malaysia, New Zealand, Kingdom of Saudi Arabia, Thailand, Berlin, Hulu, Amdocs, Genomics England, GoDaddy, GenAI

☆ Amazon plans 'Big Spring Sale' that's not just for Prime members starting March 20
▼ + stars: | 2024-03-14 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

Amazon will host a spring sale next week with discounts on seasonal items, and this one is not restricted to Prime members. Amazon said Thursday that the event, which it's calling the "Big Spring Sale," will run for six days starting March 20, in North America. Unlike the Prime Day discount bonanza typically held in the summer, next week's event will be open to shoppers who don't pay for a Prime membership. The subscription program costs $139 per year, or $14.99 a month, in the U.S., and perks include free, speedy shipping; video streaming; and access to exclusive Prime Day deals. The company is launching its spring event as shoppers, grappling with high inflation, remain hungry for discounts.

Persons: Amazon Organizations: Amazon, U.S . Department of Labor Locations: Robbinsville , New Jersey, North America, U.S

☆ Amazon touts 'record-breaking' sales in kickoff to holiday shopping season
▼ + stars: | 2023-11-28 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

Amazon said Tuesday it rang up "record-breaking" sales in the run-up to Cyber Monday as consumers, still pinched by inflation, sought discounts. The company said the period from Nov. 17 to Cyber Monday marked its "biggest ever" holiday shopping event compared to the same 11-day stretch last year. Amazon, which did not disclose actual sales figures, added that shoppers worldwide bought more than 1 billion items during the period. Retailers and analysts were cautious heading into this year's holiday shopping season. While consumers have remained resilient, grocery prices remain high, and the resumption of student loan payments has eaten into some shoppers' holiday budgets.

Persons: Doug Herrington Organizations: Amazon, Deal, Worldwide Amazon Stores, U.S, Adobe Analytics, Adobe's Locations: Robbinsville , New Jersey, U.S

☆ Amazon's leading delivery service is a huge win for the company's growing retail business
▼ + stars: | 2023-11-27 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

It gives us another reason to be confident in the firm's retail business as the holiday online shopping season gets off to a strong start this year. Postal Service remains the largest parcel service by volume, handling packages for its customers as well as all three delivery companies. "People shop every day on Amazon," Jim added. The company's speedy, same-day delivery service is a huge value proposition of the Prime membership — made possible, in part, by Amazon's push to become the U.S. package delivery company in the U.S. The Amazon Prime logo is displayed on the side of an Amazon delivery truck in Richmond, California, June 21, 2023.

Persons: Andy Jassy, Jim Cramer, they've, Jim, Goldman Sachs, Goldman, we've, —, Amazon, Jim Cramer's, Justin Sullivan Organizations: Wall, Amazon, United Parcel Service, Journal, FedEx, U.S . Postal Service, Insider Intelligence, Adobe, Mastercard, National Retail Federation, CNBC Locations: U.S, Richmond , California

☆ 2 of our stocks stand to gain from the discount-driven start to holiday online shopping
▼ + stars: | 2023-11-22 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

Deep discounts are driving a strong start to holiday online spending, according to new data from Adobe Analytics. While measuring online holiday spending, the report's emphasis on bargain-driven sales signals that shoppers at brick-and-mortar locations would feel the same way. So far in November Online sales for apparel were up 22% this month compared to daily average sales in October, according to Adobe data. On Black Friday, the big shopping day after Thanksgiving, online spending alone is seen rising 5.7% to $9.6 billion. People carry shopping bags as they visit a department store during the holiday season in New York City.

Persons: Adobe's, Morgan Stanley, bode, TJX, Goldman Sachs, Andy Jassy, we're, Jassy, Jim Cramer's, Jim Cramer, Jim, Eduardo Munoz Organizations: Adobe Analytics, Club, Adobe, Bank of America, Apparel, TJX, Amazon, Amazon Web Services, CNBC Locations: Maxx, New York City

☆ A slower holiday sales season won't be a problem for these 4 consumer companies
▼ + stars: | 2023-11-02 | by ( Paulina Likos | ) www.cnbc.com time to read: +8 min

Holiday sales growth is expected to be sluggish this year as shoppers continue to get squeezed by sticky inflation. "Shoppers are setting strict budgets for their holiday shopping," BofA said in a recent note. And, on Wednesday evening, the company said October net sales rose 4.5% year-over-year to $18.53 billion, continuing a streak of monthly sales growth. TJX YTD mountain TJX Companies YTD TAG expects holiday sales at off-pricers to grow 6% year over year, which would be faster than last year's 4.3% increase. Black Friday and Cyber Monday will remain popular holiday shopping events, the analysts anticipate, as more shoppers spread out their holiday purchases.

Persons: BofA, discounters, Andy Jassy, Jim Cramer's, Jim Cramer, Jim, Eduardo Munoz Organizations: Club, Bank of America, Shoppers, Starbucks, Costco, TJX Companies, BofA, China comps, comps, TJX, Marshalls, TAG, Amazon, Deal, CNBC, People Locations: China, China comps ., Maxx, HomeGoods, U.S, Canada, New York City

☆ Goldman exec exits revealed
▼ + stars: | 2023-10-27 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're taking a deeper look at the number of partner departures at Goldman Sachs under CEO David Solomon. The big storyGoldman exits, by the numbersPaul Morigi/Getty Images; Jenny Chang-Rodriguez/InsiderAt least 210 Goldman Sachs partners have left on David Solomon's watch. It's also higher than Insider's analysis of yearly partner exits during the 14 years before Solomon took over as CEO, which came to 40.4. AdvertisementAdvertisementThe case for SolomonWhile partner departures under Solomon have increased, according to our analysis, it hasn't been a massive bump. Former Goldman partners become future Goldman clients, the bank likes to say.

Persons: —, Céline Dion, Goldman Sachs, David Solomon, What's, Goldman, Paul Morigi, Jenny Chang, Rodriguez, David Solomon's, Dakin Campbell, Emmalyse Brownstein, Walt Hickey, Kaja Whitehouse, It's, Solomon, Tony Fratto, Samantha Lee, hasn't, Lloyd Blankfein —, Solomon's, Solomon isn't beholden, it's, doesn't, Omer Ismail, CHANDAN KHANNA, Chelsea Jia Feng, Sam Bankman, Fried, SBF, Judge Lewis Kaplan, Israel, Duran Duran, Taylor Swift, Blake Shelton, Gwen Stefani, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Goldman, Walmart, Getty, View Press, Investors, Deal, Microsoft, MLB, The Arizona Diamondbacks, Texas Rangers, ExxonMobil, The Locations: Porirua , New Zealand, Chelsea, Israel, Arlington , Texas, Chevron, AutoNation, New York City, San Diego, London, New York

☆ Analysts are bullish on Amazon's growth story ahead of its earnings
▼ + stars: | 2023-10-26 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

Investors are staying bullish ahead of Amazon's quarterly report Thursday as the company's cloud and consumer-focused businesses show signs of strength. Heading into Amazon's earnings announcement, some of the biggest firms were optimistic on the company's growth potential. Anmuth has an overweight rating and price target of $180 on shares, suggesting the stock could jump more than 48%. The firm kept its buy rating and $167 price target on shares, which implies 37.5% upside potential from Wednesday's close. Bank of America says more room for growth ahead Bank of America analyst Justin Post reiterated his buy rating while raising his price target to $154.

Persons: Doug Harrington, Doug Anmuth, Anmuth, Ronald Josey, Mark Mahaney, Morgan Stanley, Amazon Morgan Stanley, Justin Post, Michael Bloom Organizations: Deal, Amazon, Amazon Web Services, JPMorgan, Citi, " Bank of America, Bank of America Locations: Echo, India

☆ Walmart beefs up its third-party marketplace as it challenges bigger online rival Amazon
▼ + stars: | 2023-10-18 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +8 min

In this article WMTAMZN Follow your favorite stocks CREATE FREE ACCOUNTWalmart hosted its first seller summit for its third-party marketplace this summer. Walmart leaders gave third-party marketplace sellers an early gift, too: Waiving extra fees for storing merchandise during the peak season. Already, the company is using the third-party marketplace to try to drum up early business. About 70% of items included in Walmart Plus Week, which coincided with Amazon Prime Day in July, were marketplace items. There are signs Walmart's growing third-party marketplace could help the company defy slower spending patterns and capitalize on inflation-wary shoppers.

Persons: Doug McMillon, Santa Claus, Sam Walton, Walmart's, Tom Ward, Rick Watson, Watson, Melissa LaCognata, Jaré Buckley, Cox Organizations: Walmart, Amazon's, Amazon, Walmart U.S, eBay, RMW Commerce Consulting, Federal Trade Commission, Disney, Reebok, Lucky Locations: Las Vegas, Amazon

☆ Amazon has room to go higher even after this year's 58% rally, Stifel says
▼ + stars: | 2023-10-17 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Amazon 's sheer scale and potential for margin improvements should give it a leg up, according to Stifel. Shares of Amazon have rallied nearly 58% this year. AMZN YTD mountain AMZN ytd chart Kelley pointed out that, since its inception, Amazon has overtaken other e-commerce platforms in terms of sheer scale. "We also note that Amazon offers broader ad tech tools and is now a Pinterest advertising partner, offering Amazon advertisers as an incremental demand source." Kelley's comments comes after Amazon held its Prime Big Deal Days event earlier this month.

Persons: Mark Kelley, Kelley, Kelley's, — CNBC's Michael Bloom Organizations: Amazon, Deal

U.S. retail sales for last month came in much stronger than expected on Tuesday, signaling shoppers were not deterred by sticky inflation. Before the opening bell, the government reported September retail sales rose 0.7% from the prior month — more than double the estimates. Measuring year over year, the 3.8% increase in retail sales was still slightly higher than the CPI's advance of 3.7%. The retail sales data pointed to a resilient economy despite inflation still running way above the Federal Reserve's 2% target. TJX YTD mountain TJX Companies YTD Clothing and clothing accessories stores were down 0.8% month-over-month but increased 0.1% year-over-year.

Persons: Jim Cramer, We're, TJX, Jim Cramer's, Jim, Jamie Kelter Davis Organizations: Atlanta, Deal, Web Services, Food, Companies, CNBC, Shoppers, Bloomberg, Getty Locations: Maxx, Chicago

☆ Amazon's latest sales event demonstrates 'the power of the Prime subscription'
▼ + stars: | 2023-10-13 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Amazon's two-day Prime Big Deal Days on Tuesday and Wednesday "outpaced" last year's inaugural "holiday kickoff" event , the company said Thursday. The event is a follow-up to Amazon's main Prime Day sale held in July. In the last two years, however, its market share has flatlined," Lipsman said. Still, Amazon's latest Prime event is "a strong indicator of consumer demand heading into the holiday season," he said. An Amazon worker moves boxes on Amazon Prime Day in the East Village of New York City, July 11, 2023.

Persons: Amazon's, Jeff Marks, Andrew Lipsman, Lipsman, That's, Goldman Sachs, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Investing, Amazon, U.S . Federal Trade, Intelligence, CNBC, Getty Locations: East, New York City

☆ Prime Deals Still On Sale: Shop Our Vetted Favorites on Sale for 2023
▼ + stars: | 2023-10-12 | by ( Bellamy Richardson | ) www.wsj.com time to read: +2 min

By Bellamy RichardsonAmazon’s Prime Big Deal Days may technically be over, but dozens of quality products are still on sale. Don’t miss big sales on products we love, including some of our favorite wireless earbuds and portable bluetooth speakers. Travel dealsIf you’re getting ready for an upcoming trip, Big Deal Days can help you save big when upgrading your travel gear. Home dealsWhether you’re shopping for the bedroom, bathroom or home office, Big Deal Days has plenty of home products on sale, including some of our favorite vacuums, mattresses and pillows. Beauty, health and wellness dealsWe all need a self-care day every once in a while, and Big Deal Days is a great reason to upgrade your everyday products.

Persons: Bellamy Richardson, you’ll, you’re, fryer Organizations: Big, Big Deal, Tech

That's why I'm spending Prime Day looking out for the gaming deals that are actually worth your money. I've been scouring Amazon Prime Big Deal Day's kitchen section to find Prime Day deals on kitchen items. Displays can vary a lot in performance, so figuring out which Prime Day deals on TVs are worth your money can be tricky. Some of the best Prime Day deals on printers include the Brother MFC-J1010DW, a budget multi-function unit that's less than $80. I'm also loving the Prime Day deals on Rivet furniture (read our Rivet review), including 15% off a leather sectional.

Persons: we've, I've, Zelda, I'm, — William Antonelli, that's, — Gabrielle Chase, Lily Alig, — Steven Cohen, Apple, There's, — John Lynch, Amazon Steven Cohen, James, — James Brains, Sam Crozier, — Sally Kaplan, Lash, haircare, — Kevin Webb, Les Shu, — Lauren Savoie, Anker, soundbar, wimpy, — Lisa Sabatini, Amazon Emma Kershaw, Sarah Saril, Rick Stella Organizations: Amazon Amazon, Hispanic Heritage, Amazon Antonio, Boas, Buyers, Sony WH, Amazon Apple, Apple Watches, Amazon, Samsung, Amazon The, Casper, Samsung's, Facebook, Amazon Dyson, Deal, Nvidia, Gaming, MFC, HP, Samsung Watch, Garmin, Apple, Amazon Amazon Prime, Kindle Locations: Western

☆ Amazon says October Prime Day outpaced last year's event
▼ + stars: | 2023-10-12 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

Amazon 's fall Prime deals bonanza "outpaced" last year's event, the company said Thursday, as discount-hungry consumers got an early jump on holiday shopping. It marks the second year Amazon has held the shopping event, which is a fall follow-up to the company's main Prime Day sale held in July. "Prime Big Deal Days was a strong start to the holiday shopping season, offering Prime members an exclusive early opportunity to save and surpassing our expectations," Doug Herrington, CEO of Worldwide Amazon Stores, said in a statement. "This event outpaced last year's holiday kick-off event, with more Prime members shopping this year." Amazon typically uses its discount events for Prime members to run promotions on its devices.

Persons: Doug Herrington, Temu Organizations: Deal, Worldwide Amazon Stores, Shoppers, Apple AirPods, Bissell, Walmart, Target, Adobe Locations: Alpharetta , Georgia

While we've been sharing the very best Prime Day deals throughout the sale, there are some great finds our editors recommend snagging right now. William Antonelli, tech reporterAmazonI'm taking this Prime Day to upgrade some of the old gadgets I've got in my house. I go through many shoes when training for marathons, and Prime Day is when I pick up a new pair or two. Last Prime Day, I purchased the Asics Men's Gel-Nimbus 24 Running Shoes. These Prime Day deals most certainly took a bite out of my wallet, but at a fraction of the price you'd normally pay for these items.

Persons: we've, they've, Lauren Savoie, Sephora, I'm, I've, William Antonelli, James Brains, Jaclyn Turner, who's, Keepa, it's, Lisa Sabatini, It's, I'd, Sarah Saril, Amazon Organizations: Amazon, Logitech, Philips, Machine, Prime

☆ October Prime Day Deals: Shop Lightening Deals and Our Vetted Favorites on Sale for 2023
▼ + stars: | 2023-10-11 | by ( Bellamy Richardson | ) www.wsj.com time to read: +3 min

Amazon is hosting its second two-day sales event of the year, Prime Big Deal Days, on Oct. 10 and 11. We’ll be updating this section throughout Prime Big Deal Days with our favorites as they’re available. You can also click the “Watch this deal” button for a notification when a specific product’s lightning deal begins. Don’t miss big sales on products we love, including some of our favorite wireless earbuds and portable bluetooth speakers. Travel dealsIf you’re getting ready for an upcoming trip, Big Deal Days can help you save big when upgrading your travel gear.

Persons: Bellamy Richardson, you’ll, you’re, fryer Organizations: July’s, Deal, ”, Prime Big, Big, Big Deal, Tech

Learn moreI've covered Amazon Prime Day events for five years, and each year, friends and family contact me for the inside scoop on all the top deals. Based on data provided by Amazon, I've rounded up some of the most popular, best-selling Prime Day deals so far. So far, Prime Day shoppers have been snatching up Apple products, like the 10.2-inch iPad (2021) with AppleCare+ for $303, which is an all-time low price. For more discounts, check out our liveblog to stay on top of the latest and best Prime Day deals. 5 of the most popular Prime Day dealsMost popular Prime Day tech dealsMost popular Prime Day home dealsMost popular Prime Day kitchen dealsMost popular Prime Day beauty dealsMost popular Prime Day luggage dealsMost popular Prime Day style deals

Persons: Bissell Organizations: Amazon, Deal, Prime

And after sifting through tons of discounts, we're here with all of the best Prime Day deals on products we love. I've been scouring Amazon Prime Big Deal Day's kitchen section to find Prime Day deals on kitchen items. Displays can vary a lot in performance, so figuring out which Prime Day deals on TVs are worth your money can be tricky. I'm also loving the Prime Day deals on Rivet furniture (read our Rivet review), including 15% off a leather sectional. Be sure to check out our best Prime Day pets deals guide for all our top picks.

Persons: I'm, Lily Alig, I've, — Steven Cohen, Pei, — Samantha Crozier, we've, James, — James Brains, — William Antonelli, Sam Crozier, — Sally Kaplan, Rick Stella, — Lauren Savoie, Zelda, Anker, wimpy Organizations: Amazon Apple, Buyers, Sony WH, Amazon Amazon, Manhattan, Samsung, Amazon The, Casper, Amazon, Amazon Dyson, Amazon Amazon Prime, Garmin, Kindle, Apple Locations: Amazon's

Learn moreIt's rounding 8pm on Prime Day, which means our team is battle worn and loopy from 48 straight hours of covering the best Prime Day deals. Which is why when I saw this whopping 1% Prime Day discount on an Hermes Birkin, I near about blew a gasket. And today, Amazon has graciously offered us the chance to buy a used Birkin for the low low starting price of $17,300, once you clip the "coupon" for $200 off. But, yep, there it was: a little "Prime Big Deal" badge atop a picture of a teal Birkin. Suffice to say, I think it's time for me to call it quits for this Prime Day.

Persons: I'm, Hermes Birkin, Birkin TikTok, Birkin, That's, Jeffery Bezos Organizations: Amazon

However, the fall Prime event might have better prices for home goods. In fact, the best prices happened on days that were not key shopping event days. Regardless, the July Prime event offered a deeper discount to shoppers when compared to last year's October Prime sale and Super Saturday. The product did go on sale during last October's Prime member event and this past July's Prime sale, but the discounts were not as deep. Downloads of Amazon's shopping app have declined steadily during each subsequent Prime member shopping event since Amazon's Prime Days in July 2021, according to data intelligence platform Apptopia, which tracks mobile app usage for brands like Amazon.

Persons: Tom Williams, Nick Handrinos, Julie Ramhold, it's, Ramhold, iRobot's, Keurig, AF101, fryer, The Bissell Organizations: Washington , D.C, Cq, Inc, Getty, Adobe, Amazon Prime, Gallup, Finance, Deloitte, CNBC, Electronics, Deal, CoreSight Research, NBC, Scout, Amazon, Sony, Black, Health, Revlon, Philips, July's Locations: Washington ,, Research's U.S

And while $250 off a MacBook Air is a hell of a deal, my favorite Apple discount for Prime Day so far is this $50 deal that you snag on the recently released Apple Watch Ultra 2. So, considering the Apple Watch Ultra 2 is less than a month old, being able to save any money on it, let alone $50, is a legit bargain. Snag the Apple Watch Ultra 2 for $50 off with this Prime Day dealThe Ultra 2 has the best battery life of any Apple WatchPerhaps the biggest drawback of wearing something like the Apple Watch Series 9 is that it requires a daily recharge. For more Apple Watch coverage, check out our breakdown of Apple Watch Ultra 2 features and our roundup of the best Apple Watch Ultra 2 bands. And check out our guides to the best smartwatch and best Apple Watch for more recommendations.

Organizations: Deal, Apple, Apple Watch Locations: MacBooks

Lucky for you, Amazon Prime Day is here, and there are excellent deals running now through tomorrow, October 11. We're loving all of the amazing bedding deals happening now, but they won't last forever. Prime Big Deals Days ends tomorrow, so the best time to pick up these great discounts is now. If you're looking for other bedroom or home deals, check out our Prime Day Deals live blog to find over 150 great discounts on Amazon right now. Top 3 bedding dealsThe best Prime Day sheets dealsThe best Prime Day pillows dealsThe best Prime Day mattress cover dealsLoading Something is loading.

Organizations: Amazon

Before the harsh winter winds come for our skin, we're stocking up on our favorite in-season beauty and wellness deals. As beauty editors, we've tested more than our fair share of trendy moisturizers, the best hair dryers, lip plumpers, you name it — but there are still products left to try. And while they're on sale, there's no better time for us beauty enthusiasts and skincare lovers to get in on the savings. Below, we've rounded up the best Prime Day beauty deals to help you save on the most revered formulas, beloved hair tools, and everything else it takes to get a full glam going on a budget. If you're like us and love an affordable alternative, we have a guide to the best Prime Day Dyson Airwrap and Supersonic dupes.

Persons: we've, Dyson

☆ The Best Tech Deals During Prime Big Deal Days
▼ + stars: | 2023-10-10 | by ( Nick Guy | ) www.wsj.com time to read: +6 min

By Nick GuyWhether you’re looking for a new pair of AirPods, a portable projector or smart home security products, Amazon’s Prime Big Deal Days has something for you. We sorted through the wide range of tech deals to bring you the best sales on top-rated gear that Buy Side recommends. While you’re shopping, make sure to check out our list of the best overall deals that includes more than 100 products. MagSafe battery packAn upgraded version of a portable power bank we love for the iPhone is matching its lowest price ever during Prime Big Deal Days. It’s our pick for the best lower-price Bluetooth speaker and during Prime Big Deal Days, it’s even more affordable at $20 off.

Persons: Nick Guy, you’re, They’ll, it’s, They’re, you’ve, we’ll, they’re, Anker Organizations: Apple, Apple Watch, Amazon, Deal, JBL

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