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☆ Earnings playbook: How to trade a busy week of reports from companies including Microsoft and Meta
  + stars: | 2023-10-22 | by ( Fred Imbert | ) www.cnbc.com   time to read: +12 min
Tuesday General Motors is set to report earnings before the bell, followed by a call at 8:30 a.m. Coca-Cola is set to report earnings in the premarket, with a call slated for 8:30 .am. Wednesday Boeing is set to report earnings in the premarket, with leadership scheduled to hold a call at 10:30 a.m. Ford Motor is set to report earnings after the bell, followed by a conference call at 5 p.m. This quarter: The e-commerce giant is expected to report earnings per share growth of more than 100%, according to LSEG.
Persons: Michael Wayland, they'll, Andrea Teixeira, MSFT, Jordan Novet, GOOGL, Justin Post, MRK, Goldman Sachs, Chris Shibutani, Keytruda, Ford, AMZN, Doug Anmuth, — CNBC's Michael Bloom Organizations: Big Tech, Microsoft, Meta, Wall, CNBC, GM, LSEG, United Auto Workers, Investment Group, Coca, U.S, Activision, Wednesday Boeing, Boeing, Management, Bank of America, IBM, Merck, Ford, UAW, Detroit, JPMorgan Locations: Missouri, EVs, China, Apptio
☆ Amazon is shutting some Fresh and Go stores as the company cuts costs
  + stars: | 2023-02-02 | by ( Annie Palmer | ) www.cnbc.com   time to read: +3 min
Amazon will also temporarily halt expansion of its line of Fresh grocery stores until it can find a format that differentiates the company's offering from others in the industry. Amazon currently operates several dozen Fresh grocery stores and 28 Amazon Go convenience stores, according to its website. The Information reported in December that a handful of built-out U.S. Amazon Fresh stores sat vacant, signaling a pullback in the company's grocery strategy. Amazon has been determined to crack the grocery segment since the launch of its Fresh grocery delivery service in 2007. Last March, Amazon announced it would slim down its physical stores portfolio by shutting all its Amazon Books, 4-star and Pop Up shops.
☆ Amazon beats on revenue, AWS revenue down slightly
  + stars: | 2023-02-02 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon beats on revenue, AWS revenue down slightlyCNBC's Deidra Bosa joins 'Closing Bell: Overtime' to report on Amazon's earnings report for Q4. Also, CIC Wealth's Malcolm Ethridge reacts to the numbers.
☆ Amazon beats claim that warehouse quotas biased against older workers
  + stars: | 2023-01-27 | by ( Daniel Wiessner | Thomson Reuters | Dan Wiessner | ) www.reuters.com   time to read: +2 min
Companies Amazon.com Inc FollowJan 27 (Reuters) - Amazon.com Inc (AMZN.O) on Friday won its bid to dismiss a proposed class action claiming its strict production quotas for warehouse workers discriminate against older employees. "Simply because physical strength declines with age does not automatically mean that older workers are more likely to get injured or fail to keep up with the quotas," Westmore wrote. Westmore in granting Amazon's motion to dismiss the case said it would be improper to infer that older workers are more likely to be injured merely because of their age. Amazon has been criticized by employees, lawmakers and union organizers for putting profits over worker safety by enforcing strict production quotas. Amazon, which faces up to $60,000 in fines, has said it invests hundreds of millions of dollars annually to ensure worker safety.
☆ Amazon beats claim that warehouse quotas are biased against older workers
  + stars: | 2023-01-27 | by ( Daniel Wiessner | Thomson Reuters | Dan Wiessner | ) www.reuters.com   time to read: +2 min
Companies Amazon.com Inc FollowJan 27 (Reuters) - Amazon.com Inc (AMZN.O) on Friday won its bid to dismiss a proposed class action claiming its strict production quotas for warehouse workers discriminate against older employees. "Simply because physical strength declines with age does not automatically mean that older workers are more likely to get injured or fail to keep up with the quotas," Westmore wrote. The lawsuit says Amazon requires warehouse employees to move 150 to 300 items through their work posts each hour, depending on their job duties. Amazon has been criticized by employees, lawmakers and union organizers for putting profits over worker safety by enforcing the production quotas. Amazon, which faces up to $60,000 in fines, has said it invests hundreds of millions of dollars annually to ensure worker safety.
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