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☆ Amazon projected huge losses from its healthcare business in 2024, but strong sales growth, internal document reveals
▼ + stars: | 2024-07-30 | by ( Eugene Kim | ) www.businessinsider.com time to read: +7 min

Read previewLate last year, Amazon projected its healthcare businesses to lose more than $1 billion for 2024, according to an internal planning document obtained by Business Insider. Although the company doesn't breakout financials on the healthcare business, investors will be looking for signs of success when it reports results on Thursday. That was mostly thanks to Amazon Pharmacy, which was projected to generate $1.81 billion in 2024 sales, a 45% surge. Amazon healthcare is slowing investments in smaller initiatives by delaying hiring for certain projects and reducing contractor spend, it added. It's upgrading the signup process, such as insurance card capture technology, and simplifying the linking between One Medical and Amazon Pharmacy accounts.

Persons: —, Andy Jassy, Brand, Neil Lindsay, It's Organizations: Service, Business, Amazon, Pharmacy, Amazon Health Services, Tech, Amazon Pharmacy, Health Services, Health, Amazon Clinic, Google

☆ Amazon’s cashier-less technology was supposed to revolutionize grocery shopping. It’s been a flop
▼ + stars: | 2024-04-03 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

But now, Amazon is walking back its “Just Walk Out” technology at its grocery stores, reining in grand promises of an automated, friction-less checkout. Customers just haven’t bought into cashier-less technology, especially in grocery stores where they purchase larger quantities and face extra tasks such as weighing produce. Customers entered Fresh stores using Amazon One palm recognition, the app or a credit or debit card. Amazon Fresh strugglesThe tech giant opened its first Amazon Fresh store in 2020, and has more than 40 locations across the US. But Amazon Fresh has faced setbacks since it debuted, including challenges getting shoppers to buy groceries in its Amazon Fresh grocery stores, and it laid off workers.

Persons: Amazon, haven’t, ”, they’ve, Andy Jassy, “ We’ve, Nathaniel Meyersohn, Moira Ritter Organizations: New, New York CNN, Amazon, Fresh, CNN, Dollar, Walmart, Costco, Foods Locations: New York, India, Washington, Chicago, Southern California

☆ Amazon cuts hundreds of jobs in cloud computing unit
▼ + stars: | 2024-04-03 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

Attendees walk through an expo hall during Amazon Web Services' Reinvent conference at the Venetian in Las Vegas on Nov. 29, 2022. Amazon 's cloud computing division is laying off hundreds of employees in its physical stores technology and sales and marketing units, the company confirmed Wednesday. Amazon's lucrative AWS unit has seen its sales growth decelerate in recent quarters as companies trimmed their cloud spend amid rising interest rates. The cuts to AWS' store technology team come after Amazon said it would remove cashierless checkout systems in its U.S. Fresh stores. The store technology team was moved out of Amazon's retail group and folded into its cloud computing division in 2022.

Persons: We've, we're, GeekWire Organizations: Web Services, Amazon, MGM Studios, Employees Locations: Las Vegas, U.S

☆ Whole Foods is launching mini-stores for quicker shopping trips
▼ + stars: | 2024-03-04 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Called "Whole Foods Market Daily Shop," they'll be a fraction of the size of a normal Whole Foods. Called "Whole Foods Market Daily Shop," they'll take up between 7,000 and 14,000 square feet, Bloomberg reported on Monday. People want things fast," Christina Minardi, executive vice president of growth and development at Whole Foods Market and Amazon, told Bloomberg. A rendering of the produce section at a Whole Foods Market Daily Shop store. It also aimed to be more affordable than mainline Whole Foods stores by focusing on Whole Foods' own-brand products.

Persons: It's, —, they'll, Christina Minardi, Andy Jassy Organizations: Amazon, Service, Bloomberg, Foods, Shop, Daily Locations: New York City

☆ Top Wall Street analysts pick these stocks for solid returns
▼ + stars: | 2024-01-21 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

Nonetheless, analysts remain focused on the bigger picture and are bullish on stocks that offer attractive long-term growth prospects. Investors can weigh the recommendations of Wall Street's top analysts as they pick out the best names to add to their portfolios. With that in mind, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. The stock generated stellar returns last year due to the robust demand for the company's graphics processing units in generative AI. He thinks that the health-care business features among the top three verticals of the company's data center segment.

Persons: Wall, Brad Erickson, Erickson, TipRanks, Brian Pitz, Pitz, Harlan Sur, Kimberly Powell Organizations: RBC Capital, Web Services, BMO Capital, TAM, Nvidia, JPMorgan, Pharmaceuticals Locations: U.S, Europe, DoorDash's U.S, Sur

☆ Amazon entertainment layoffs stir 4 big questions for insiders about the tech giant's Hollywood ambitions
▼ + stars: | 2024-01-18 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

The layoffs hit Prime Video and the Amazon MGM Studios division, with many of the cuts related to Amazon's $8.5 billion acquisition of MGM in 2022, the second biggest deal in the tech giant's history. The layoffs, combined with other factors straining the entertainment business — from strikes to content spending pullbacks — have heightened concerns about the future of the company's entertainment ambitions. These are the questions that came up the most about that future, according to conversations with six people close to Prime Video and Amazon MGM Studios. As part of the layoffs, two MGM teams were integrated under Chris Brearton, a business-side exec who joined Amazon with the MGM acquisition in 2022. How will sports impact original content spending?

Persons: what's, Jen Salke, Freevee, didn't, Who's, Chris Brearton, Salke, Mike Hopkins, What'll, there's Organizations: Amazon, Amazon MGM Studios, MGM, Amazon's, Hollywood Reporter, Hollywood, Diamond Sports, MLB, NHL, NBA Locations: Salke, Africa, MENA, Northern, Central

☆ Amazon wants businesses to use its palm-scanning tech to let employees into the office
▼ + stars: | 2023-11-28 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

Amazon is expanding its palm-scanning technology beyond grocery stores and is rolling out a version that's designed for the business world. Companies already signed up for the biometric technology include IHG Hotels and Resorts, turnstile manufacturer Boon Edam, and Kone, an escalator and elevator provider. Amazon didn't disclose pricing for the service, which is available in preview in the U.S. starting Monday. Advocacy groups have criticized the service over privacy and security concerns, arguing it leads to increased surveillance. Earlier this month, Amazon debuted Astro for Business, a version of its household robot that it's framing as a roving security guard for businesses.

Persons: Edam, Kone, Dilip Kumar, It's Organizations: Companies, Resorts, Amazon, Foods, Sports, Business Locations: U.S

☆ I tried paying with my palm at Whole Foods using Amazon's futuristic scanners. It was scarily convenient.
▼ + stars: | 2023-11-02 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +2 min

In July, Amazon announced all US Whole Foods stores would have palm payment tech by the end of 2023. The system, called Amazon One, links a user's payment information and account with their palm print. I decided to try it out, and while I was initially skeptical of scanning a body part, I can't deny it's convenient. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . If you're an Amazon Prime member, you can also link it with your Prime account — no need to fumble in the Amazon app looking for your in-store code any longer.

Persons: — Organizations: Amazon, Foods, Service, New, Coors Field Locations: Seattle, New York, Colorado

But as it turns out, I was just not using my imagination, because this year’s Burning Man was an absolute nightmare. casey newtonA bit more of a Drowning Man than a Burning Man, I have to say. kevin rooseYeah, so as someone who’s been to Burning Man, I was fascinated by just the logistics of it all, because it is already a mess to get in and out of Burning Man. kevin rooseSo you are, in addition to a Burning Man escapee this year, you’ve been actually going to Burning Man for a long time. When I say I don’t know what happened, I don’t know what happened to prompt the things that were being directed at us.

Persons: casey newton, kevin roose, I’ve, KEVIN, casey newton It’s, you’ve, it’s, I’ll, casey newton What’s, kevin roose Bluetooth, Kevin Roose, ” casey newton, Casey Newton, Jonathan Greenblatt, Elon, Kevin, casey newton Oh, casey newton You, “ shay, denfreude, kevin roose Schadenfreude, shay, who’s, It’s — casey newton, casey newton That’s, Smart, casey newton Ugh, kevin roose —, casey newton Right, — casey newton, kevin roose What’s, casey newton Sure, ” casey newton Never, Adrian Aoun, He’s, ” adrian aoun, adrian aoun, Larry Page, Adrian, I’m, casey newton Amen, here’s, you’d, we’ve, you’re, Larry, roose, Max, Harry Potter, adrian aoun I’m, they’re, adrian aoun —, —, Rice Krispie, kevin roose Wow, let’s, adrian aoun Oh, adrian aoun She’s, She’s —, We’re, wrenches, hitchhike, I, Gerlach, kevin roose She’s, Y, It’s, They’re, — you’re, casey newton We’re, it’s Elon Musk, Elon Musk, Mark Zuckerberg, Donald Trump, West, kevin roose It’s, Casey, casey newton Well, Linda Yaccarino, Jonathan, kevin roose Jonathan, ” jonathan greenblatt, jonathan greenblatt, CHUCKLES, I’d, Linda, kevin roose You, Nick Fuentes, haven’t, Kevin —, that’s, what’s, we’re, casey newton I’ve, jonathan greenblatt I’m, We’ve, — what’s, Here’s, That’s, John, “, ”, CASEY, kevin roose Totally, Hank Green, Hank, ” Hank, hank, It’s Hank, Ben Shapiro, kevin roose Hank, Diana Dionisio, Diana, Snapchat, Jay Hepler, Jay, ” Casey, don’t, casey newton Really, casey newton I’m, Holly Godfrey, Holly, Kevin Scott, Kevin Scott’s, Bing, Rachel Cohn, Jen Poyant, Caitlin Love, Chris Wood, Dan Powell, Elisheba Ittoop, Marion Lozano, Paula Szuchman, Tam, Nell Gallogly, Kate LoPresti, Jeffrey Miranda, CASEY CHUCKLES Organizations: The New York Times, Defamation League, porta, Electric, Google, Labs, Black Rock, casey newton Fair, Burning, Reno, Defamation, Elon, Labor, Twitter, Center, ADL, Nazi, Anti, Twitter’s Trust, Safety, OG, YouTube, Cato Institute, US, Microsoft, Kevins, Davis Locations: Nevada, La Habra , California, Spanish, East, Iraq, Coachella, Bay, Solano County, Toronto, San Francisco, Silicon Valley, Hogwarts, playa, Haiti, Dunkirk, ”, Gerlach, LA, New York, Reno, it’s Reno, America, Florida, chemo, Tokyo, That’s, hardfork@nytimes.com

☆ Amazon will soon let you pay for groceries with your palm at any Whole Foods—but tech experts urge caution
▼ + stars: | 2023-08-26 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +4 min

Amazon One is a type of biometric-based form of payment which uses your unique physical features, such as your face or palm print, to authorize payments. This means customers who sign up for the Amazon One program won't need their wallets or phones to pay for groceries. To its credit, Amazon says its palm scanners use liveness-detection technology and are able to tell the difference between a live palm and a fake one. Consumers should also be aware that the database where their biometric data is stored could potentially be hacked. It's important to understand that your biometric information is some of the most sensitive data you create, says Greer.

Persons: you'll, that's, Hafiz Malik, Malik, Evan Greer, Cynthia Rudin, Rudin, Greer, That's, Warren Buffett Organizations: Foods, University of Michigan, Corporations, CNBC, Duke University Locations: U.S

☆ I bought nearly identical hauls from Shein, Temu, and Amazon and was shocked to see which store had the best quality
▼ + stars: | 2023-08-16 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +9 min

I shopped on Amazon, Shein, and Temu to compare the experience and quality. Jennifer Ortakales Dawkins/InsiderWhen I unwrapped the Amazon shoes, I was really disappointed in the quality. The Shein pants (left) fit more loosely, while the Amazon pants (middle) and Temu pants (right) were an awkward tight fit. The Shein and Temu hair clips were identical and smaller than they appeared in the listing photos. But when I attempted the return, Shein didn't give me a shipping label and processed an immediate refund instead.

Persons: Temu, Jennifer Ortakales Dawkins, Shein, I'd, Aldo, Shein didn't, I'm Organizations: Service, Amazon, Fastest Shipping, Temu Locations: Wall, Silicon, Amazon's

☆ I bought heels, pants, and a hair clip from Amazon, Shein, and Temu. One outfit was a big disappointment, the other was just OK — and the third was surprisingly well-made and stylish.
▼ + stars: | 2023-08-15 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +9 min

I shopped on Amazon, Shein, and Temu to compare the experience and quality. The Shein pants (left) fit more loosely, while the Amazon pants (middle) and Temu pants (right) were an awkward tight fit. The Shein and Temu hair clips were identical and smaller than they appeared in the listing photos. But when I attempted the return, Shein didn't give me a shipping label and processed an immediate refund instead. I decided to return the shoes, pants, and hair clip from Temu.

Persons: Temu, Jennifer Ortakales Dawkins, Shein, I'd, Aldo, Shein didn't, I'm Organizations: Service, Amazon, Fastest Shipping, Temu Locations: Wall, Silicon, Amazon's

☆ Amazon will let you pay with a wave of your hand at all Whole Foods stores
▼ + stars: | 2023-07-20 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +1 min

New York CNN —Amazon will let customers at all of its Whole Foods stores pay with a simple wave of their hand. The company announced Thursday that it is bringing its Amazon One palm recognition system to all of its more than 500 Whole Foods stores by the end of the year. Amazon rolled out the technology in 2020, and it’s currently available at more than 200 Whole Foods stores. Whole Foods customers who choose to use Amazon One will no longer need their wallet or a phone to pay — they can simply hover their palm over an Amazon One device. Amazon says customer palm data is safeguarded in its Amazon Web Services cloud and it does not share palm data with third parties.

Organizations: New, New York CNN, Foods, Coors, Amazon, Services Locations: New York, Hudson, Colorado

☆ Amazon to launch pay-by-palm technology at all Whole Foods stores by year-end
▼ + stars: | 2023-07-20 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +1 min

Amazon is bringing its palm-scanning payment system to a Whole Foods store in Seattle, the first of many planned future locations to roll out the technology. Amazon will let shoppers pay with their palms at all Whole Foods stores by the end of the year, the company announced Thursday. Amazon One is a biometric technology that lets users enter and pay for items at stores by placing a palm over a scanning device. The company first introduced the technology in its Go cashierless stores, but later began adding it to Whole Foods supermarkets. Amazon said Thursday it's seeing "growing demand" for the technology, with it recording 3 million uses of Amazon One.

Persons: Amazon Organizations: Foods, Amazon, Services, Coors Field Locations: Seattle, Denver

☆ Amazon's palm payment tech is coming to every Whole Foods in the US
▼ + stars: | 2023-07-20 | by ( Alex Bitter | ) www.businessinsider.com time to read: +2 min

Amazon is rolling out its palm payment technology to every Whole Foods store in the US. Privacy advocates say the way that Amazon collects and keeps palm data raises concerns. The tech giant will roll out Amazon One across over 500 Whole Foods stores by the end of 2023, it said in a blog post. Amazon's technology links a user's credit card or other payment information to their unique palm print. Besides Whole Foods, Amazon has also used the technology at its Amazon Go convenience stores.

Organizations: Foods, Service, Amazon, Coors Field Locations: Wall, Silicon, Denver

☆ Americans spend an average of $91.75 on Amazon each month—these are the 10 highest-spending states
▼ + stars: | 2023-07-10 | by ( Nicolas Vega | ) www.cnbc.com time to read: +1 min

With Prime Day right around the corner, a new survey has shown just how much money Amazon is able to squeeze out of its customers. The average American spends $91.75 on the ecommerce site each month, according to data gathered by Upgraded Points, which quizzed 3,200 shoppers across 44 states about their Amazon consumption habits. While customers who aren't Amazon Prime members spend an average of $38 per month, members of the subscription shopping service spend an average of $110 per month, or $1,320 a year, the survey found. During Amazon's Prime Day shopping holiday, customers reported spending an average of $117 on discounted products. I know I'm very guilty of it," Bre Lewis, a research assistant at Upgraded Points, says of spending money on Amazon.

Persons: Bre Lewis, they've, Lewis Organizations: Amazon, Foods, CNBC

☆ 10 Things in Tech: Amazon Prime versus Walmart Plus, BMW adds gaming to its luxury sedan, and Nvidia enters the trillion-dollar club
▼ + stars: | 2023-06-01 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +3 min

Tesla Inc CEO Elon Musk dances onstage during a delivery event for Tesla China-made Model 3 cars in Shanghai Aly Song/Reuters1. Amazon Prime vs. Walmart Plus. Meanwhile, Amazon Prime has more streaming content and access to its infamous Prime Day. Carnival Cruise Lines ships in Marseille. Man who went overboard on a Carnival cruise ship is still missing.

Persons: I'm, Siu, Z, Elana Klein, Elon Musk, Shanghai Aly Song, Elon, —, Nicole Miranda, Gerard Bottino, Ronnie Lee Peale Jr, Caleb Hammer, Diamond Naga Siu, Alistair Barr, Nathan Rennolds Organizations: Tesla, Nvidia, Google, Amazon, Walmart Plus, Walmart, BMW, Cruise Locations: Tesla China, Shanghai, China, Beijing, Marseille, Jacksonville , Florida, San Diego, San Francisco, London

☆ Amazon introduces palm-scanning technology that would let customers buy a beer without reaching for their wallet at the bar
▼ + stars: | 2023-05-31 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Amazon has announced that its Amazon One feature will soon be used to purchase alcohol. The technology allows customers to have their age and payment information accessed by their palm. Irish Haven was a cash-only bar for decades before introducing digital payments in 2020, so Hogan is hesitant to implement palm payments and age verification. Amazon One, Hogan said, could eliminate an important conversation between a bartender and patrons to determine if a person has been drinking prior to visiting his bar. In 2022, Amazon's falter with brick-and-mortar stores led the retail giant to shift its focus to licensing its cashierless technology to third-party retailers.

Persons: —, John McKay, isn't, Matt Hogan, Hogan, hasn't Organizations: Amazon, Coors, Service, Foods, Coors Field, Colorado Rockies Major League Baseball, Colorado Rockies Locations: Denver, Haven

☆ Amazon lets users buy alcohol with its palm-scanning payment system
▼ + stars: | 2023-05-22 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +1 min

Amazon is adding a feature to its palm-based payment system that will allow users to buy alcohol by swiping their hand. The system, called Amazon One, lets people pay for items by placing their palm over a scanning device. To purchase alcohol, users have to upload a government-issued ID on the Amazon One website, the company wrote in a blog post on Monday. To start, the Coors Field baseball stadium in Denver, Colorado, will let attendees use Amazon One to purchase alcohol, Amazon said. Amazon One and other payment systems that use biometric data have faced some pushback from privacy advocates.

☆ Panera Bread to start using handprints to greet you by name and suggest menu items
▼ + stars: | 2023-03-23 | by ( Aidan Pollard | ) www.businessinsider.com time to read: +3 min

Panera Bread will allow customers to link their handprints to loyalty accounts, the company announced. Panera will use handprints to greet customers by name and suggest menu items based on preferences. It allows Panera employees to greet customers by name and suggest menu items based on their preferences, a company press release said Wednesday. Go customers have the option of linking their palm print to their Amazon accounts, or using a credit card or app. The use of Amazon One technology will be optional at Panera Bread, the company stressed, and private data obtained through the new technology will be protected by security controls.

☆ Panera Bread tests Amazon's palm-scanning technology in St. Louis
▼ + stars: | 2023-03-22 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

A sign is posted on the exterior of a Panera Bread restaurant on November 09, 2021 in Novato, California. Panera Bread is piloting Amazon's palm-scanning technology in St. Louis to offer customers a faster way to connect to their loyalty program and pay. The bakery-cafe chain, which has long been considered a leader in restaurant technology, is the latest restaurant to use what the tech giant has dubbed Amazon One. Panera has more than 2,000 locations and its loyalty program has more than 52 million members, representing a big expansion opportunity for Amazon One. To use them, customers need to link their loyalty program accounts to Amazon One, which they can do at home or inside the restaurant.

☆ Amazon has rolled out contactless tech to 200 locations including Panera cafes
▼ + stars: | 2023-03-22 | by ( Jeffrey Dastin | ) www.reuters.com time to read: +2 min

The e-commerce and cloud-computing giant is widening deployment of its contactless technology with existing customers, Vice President Dilip Kumar said in an interview. Amazon declined to provide growth figures, but in June 2022 the company said more than 69 locations in the U.S. and UK had such technology. On Wednesday the U.S. cafe chain Panera Bread unveiled Amazon One devices, which let customers scan their palms to pay, for two locations in greater St. Louis. Nearly 150,000 employees at tech companies have faced cuts this year alone, according to industry tracker Layoffs.fyi. "It wasn't as bad" for tech companies in the 2008 financial crisis.

☆ Lawsuit argues Amazon illegally surveilled NYC customers including tracking their body size. Here's why Amazon Go stores are watching you.
▼ + stars: | 2023-03-18 | by ( Aidan Pollard | ) www.businessinsider.com time to read: +4 min

A new lawsuit alleges the company's stores in New York City illegally collect data on customers' size and shape without telling them. "From the moment a person walks through the door … Amazon uses computer vision to track people," Peter Roman-Friedman, lead attorney on the lawsuit, told Insider. The lawsuit pertains specifically to nine Amazon's Go stores in New York City, where city law says companies must disclose when customers' biometric data is being collected. The new signs say no biometric data is being collected outside use of the palm scanner, according to the lawsuit. "We think that Amazon's conduct has gone from bad to worse," Roman-Friedman told Insider.

☆ The tech meltdown comes for Gen Z
▼ + stars: | 2023-02-14 | by ( Aki Ito | ) www.businessinsider.com time to read: +7 min

The tech industry was teetering, and she wondered whether the future she had banked on would survive. On Handshake, a leading jobs board for college students, entry-level software positions in the tech industry slumped 14% last year. "I'm finding that students are pivoting to organizations that have IT functions but are not in the tech industry," says Laura Garcia, director of career education at Georgia Tech. Given the seismic downturn in tech, some students are rethinking their dreams of working for the Amazons and Googles and Metas of the world. Suddenly, in the eyes of Gen Z, tech seems to be just as ruthless and unreliable of an employer as banking did to millennials who came of age in the Great Recession.

One of Amazon 's key air cargo operators said Monday that the e-commerce giant is scaling back on flights this year, citing lower demand and slower economic growth. Air cargo rates, which surged in recent years due to port congestion and high demand for fast deliveries, have slumped. The International Air Transport Association said last month that air cargo demand in November was down nearly 14% from the year-ago period, while capacity fell 1.9%. Through Amazon Air, the company has built up a burgeoning air network to control more aspects of the delivery process and ensure faster delivery. WATCH: How the pandemic shifted how Boeing and airlines think about air cargo

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