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Dogs Win the Super Bowl Ad Lineup, Surveys Show
  + stars: | 2023-02-13 | by ( Patrick Coffee | ) www.wsj.com   time to read: +5 min
The winner of USA Today’s annual Super Bowl Ad Meter was a commercial for dog-food delivery company Farmer’s Dog Inc. that tracked one chocolate Lab’s relationship with its owner from puppyhood to old age. The USA Today rankings had some overlap with other results. Research by Ace Metrix, a unit of TV ad measurement firm iSpot.tv Inc., crowned Jeep’s Super Bowl commercial as the most likable of the night. Jeep had the game’s most likable ad, according to Ace Metrix. “In past years, we’ve seen the majority of Super Bowl conversation generated in the weeks leading up to the Big Game,” a Mars spokeswoman said.
Shopify Bulks Up Online Fulfillment Logistics Services
  + stars: | 2023-02-09 | by ( Liz Young | ) www.wsj.com   time to read: +3 min
Shopify Inc. is stepping up its logistics and fulfillment services as it expands efforts to help merchants compete with Amazon.com Inc. The challenges for small retailers in competing for sales are “almost always logistics and fulfillment,” said Aaron Brown, chief executive of Shopify Logistics. Shopify faces challenges, he said, in pushing into logistics services. Other companies, including retailers, have been seeking to market logistics services to other retailers, echoing Amazon’s warehousing and delivery operations through its Fulfillment by Amazon division. Apparel retailers American Eagle Outfitters Inc. and Gap Inc. offer fulfillment services to other merchants through their networks while Target Corp. and Walmart Inc. allow businesses to use their local same-day delivery services.
London CNN —Companies around the world are racing to provide help to the victims of the devastating earthquake straddling Turkey and Syria, by donating food, medicines, services and cash. Hamdi Ulukaya has donated $1 million to an earthquake relief fund set up by Turkish Philanthropy Funds, the US-based donor organization has said. please donate to @tphilanthropy earthquake relief and recovery efforts. The aid organization is working to help people in Turkey and Syria affected by the quake. Aid agencies are particularly worried about victims in northwestern Syria, where more than 4 million people were already relying on humanitarian assistance.
London CNN —Amazon (AMZN) has announced that it will help victims of the Turkey earthquake by donating food, medicine and equipment from its Istanbul warehouse. Amazon, which has almost 2,000 employees in Turkey, said it was preparing to donate relief items, including blankets, tents, food, baby food and medicines. “This immediate delivery is just the beginning of Amazon’s response,” Abe Diaz, head of Amazon’s disaster relief program, said in the statement. Another company that could help Turkey is Elon Musk’s SpaceX. On Monday, Musk responded to a tweet about SpaceX’s Starlink internet service, which said: “Hey @elonmusk a massive earthquake hit Turkey and neighboring countries.
Tech Giants’ Cloud Pains Aren’t Shared Equally
  + stars: | 2023-02-06 | by ( Dan Gallagher | ) www.wsj.com   time to read: 1 min
Amazon’s CEO has cited reduced mortgage volume and cryptocurrency trading as factors affecting usage of the company’s AWS cloud service in the recent quarter. The tech slowdown is finally hitting the cloud. Amazon .com, Microsoft Corp. and Google all reported disappointing news for their respective cloud services businesses in their December quarter reports. For Amazon and Google-parent Alphabet Inc., revenue growth for those segments came in below Wall Street’s forecasts. Amazon and Microsoft—the largest players in the category—also flagged deceleration during their respective conference calls while warning of further slowdowns in the current quarter.
Generative AI aims to make human-like creations through computer code that has processed vast amounts of data. FOCUS ON NLPFocusing on training natural language processing (NLP) models, Cohere competes with a group of foundation model providers such as OpenAI and Anthropic. Gomez said the company differentiates itself by focusing on serving enterprise users, and Cohere has been talking to companies from marketing, consulting and tech to help them incorporate generative AI. Cohere is powering some consumer applications including Hyperwrite, which helps people write faster and generate articles using AI. Other foundation model providers such as Anthropic is also in talks to raise funding at multi-billion valuations, investor sources said.
New York CNN —Thursday afternoon will round out what has so far been a sobering earnings season for the Big Tech giants. Alphabet’s revenue will likely remain flat from last year and Amazon’s sales are expected to grow just shy of 6% year-over-year. All three companies’ profits are expected to fall from the year-ago quarter, with Amazon set to suffer the steepest drop with a decline of 40.6%. Then came the press conference, which led to a steep divergence between what the Fed thinks and what the Wall Street thinks. A cautionary tale: In mid-November, Ticketmaster’s site overloaded when fans tried to purchase pre-sale tickets for Taylor Swift’s upcoming tour.
Newsletter Sign-up The Logistics Report Top news and in-depth analysis on the world of logistics, from supply chain to transport and technology. “What we wanted to do was to make the invisible visible, to look at the supply chain as a key part of how AI works,” Dr. Crawford said. “The best artists are all geometry and symmetrical work coupled with creativity, and that’s what supply chain is. Some of the artists on display in the MoMA gallery have gone on to create more work centered on supply chains. “When you start to do this research, you see everything differently and the precarity of the supply chain was made so clear to me,” she said.
Amazon warehouse workers walk out in first UK strike
  + stars: | 2023-01-25 | by ( Julia Horowitz | ) edition.cnn.com   time to read: +3 min
London CNN —Amazon workers at a warehouse in central England went on strike Wednesday, the first time employees of the US tech giant have walked out in the country. Workers are asking for £15 ($18.49) an hour, which the GMB union said would be in line with pay at Amazon in the United States. Starting pay for warehouse workers in the United States averages over $19 an hour after the company’s latest raise in September. The strike comes as employees in the United States continue to organize and push for collective bargaining rights. Amazon has refused to formally recognize or bargain with the Amazon Labor Union, which was recently certified by regulators.
Amazon.com Inc. is launching a new benefit for Prime members that offers unlimited access to commonly prescribed generic medications for $5 a month, in the e-commerce giant’s latest move into healthcare. The subscription service, called RxPass, became available on Tuesday in most U.S. states through Amazon’s online pharmacy service.
Amazon .com Inc. is launching a new benefit for Prime members that offers unlimited access to commonly prescribed generic medications for $5 a month. The subscription service, called RxPass, became available on Tuesday in most U.S. states through Amazon’s online pharmacy service.
New York CNN —Amazon is expanding its push into healthcare with a $5 monthly unlimited delivery pass on 60 common generic prescription drugs treating allergies, inflammation, high blood pressure and other conditions. Amazon announced the new delivery service, RXPass, on Tuesday and it will launch immediately in most states except California, Texas, Minnesota and others with specific prescription delivery requirements. The $5-a-month delivery pass is an add-on to Amazon Prime, Amazon’s $139 annual program, and is available exclusively to Prime subscribers regardless of their insurance status. Amazon has long offered a Prime prescription savings benefit to get discounts on generic and brand-name medications. Amazon’s new plan will mean consumers may see lower costs for some generic drugs, Nicholson said.
Amazon creates bazaar for U.S. banking wannabes
  + stars: | 2023-01-24 | by ( Jeffrey Goldfarb | ) www.reuters.com   time to read: +3 min
The e-commerce goliath recently added to its growing pile of debt with an $8 billion loan. After first tapping the market’s biggest bookrunners, Amazon enlisted Canada’s TD Securities to shop the lesser-traveled byways around Wall Street for the follow-up deal. It’s easy to understand why the wannabes would jump at the chance to work with Amazon. Others such as BBVA, which offloaded its American subsidiary but kept its broker-dealer business, are keen to expand in U.S. investment banking. For Amazon, spreading the wealth is a chance to trial new banking relationships before potentially hiring them for more complicated matters.
The office has deployed the 1989 law at the same time the Labor Department presses a workplace safety investigation of Amazon that has already led to several citations. The office also wants video surveillance footage of Amazon facilities and has served subpoenas to take testimony from Amazon employees, including high-level executives, according to Ms. Ahmad. Amazon in court papers in the case in Seattle said the information demands are “unrealistic” and the U.S. Attorney’s Office stretched to assert jurisdiction under Firrea. Any fraud case against Amazon would turn on whether the company had made misrepresentations to lenders and whether those misrepresentations impacted their decision-making, he said. A spokesman for the U.S. Attorney’s Office in Manhattan didn’t respond to a request for information on the identities of the financial institutions whose dealings with Amazon are under scrutiny.
Amazon axes its charity donation program
  + stars: | 2023-01-19 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +2 min
New York CNN —Amazon is shutting down its “Smile” charity donation program as the company cuts costs and rethinks its strategy. In total, $500 million has been donated since its 2013 launch, with an average donation of less than $230 per charity, the company said. Charities enrolled in the program will get a one-time donation “equivalent to three months of what they earned in 2022,” Amazon (AMZN) said, noting that charities will still be able to accrue donations until the program closes. Amazon recently announced it would lay off roughly 18,000 employees. Amazon and other tech firms significantly ramped up hiring over the past couple of years as the pandemic shifted consumers’ habits toward e-commerce.
CNN —Amazon has been accused by federal safety regulators of failing to keep warehouse workers safe from workplace hazards at three US facilities, in the latest example of government officials scrutinizing the e-commerce giant’s labor practices. The Department of Labor said Wednesday that its Occupational Safety and Health Administration (OSHA) has cited Amazon and issued hazard letters related to injury risks from workers lifting packages after inspecting three warehouse facilities in Deltona, Florida; Waukegan, Illinois; and New Windsor, New York. An Amazon spokesperson said the company “strongly” disagrees with OSHA’s claims and intends to appeal. “We’ve cooperated fully, and the government’s allegations don’t reflect the reality of safety at our sites,” Kelly Nantel, an Amazon spokesperson, told CNN in a statement Wednesday. But Amazon is also known for carefully tracking worker productivity and for working conditions that have been called “grueling.”“We have to keep up with the pace,” Jennifer Bates, an Amazon warehouse employee who helped organize a union push at an Alabama facility, said in testimony before the Senate Budget Committee in 2021.
In a first, Netflix will stream the SAG awards
  + stars: | 2023-01-11 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +2 min
New York CNN —Netflix will air a live awards show for the first time, marking the streamer’s latest expansion into live programming and further cementing its influence in Hollywood. Beginning in 2024, the Screen Actors Guild Awards will be live-streamed globally on Netflix as part of a new, multi-year partnership. This year’s 29th Annual SAG Awards will stream live for the first time on Netflix’s YouTube channel on Sunday, February 26 at 8 pm ET. The Academy of Country Music Awards switched from CBS to Amazon’s Prime Video in 2022 and will once again stream live on the service this year. Adding live events could help Netflix (NFLX) stand out against rivals as it fights to keep adding subscribers in an increasingly crowded market.
Amazon's Fire TV Omni QLED is the company's latest 4K smart TV. The latest is the Fire TV Omni QLED, which is designed to compete with displays from popular value brands like TCL and Hisense. Amazon 65-inch Omni QLED Fire TV Amazon’s latest TV has advanced features like local dimming, quantum dots, and hands-free Alexa. Ryan Waniata/InsiderThe Fire TV Omni QLED is something of a mixed bag when it comes to image quality. That said, those looking to delve deeper into the Amazon ecosystem will find an ally in the Fire TV Omni QLED.
Amazon.com Inc. ‘s Audible said Tuesday some preordered audiobooks of Prince Harry ‘s “Spare” were delayed for customers eager to listen to the highly anticipated memoir. “We’re aware of an issue impacting a limited amount of pre-orders and the team is working on it now,” Audible said in a tweet addressing users experiencing delays with their preordered audiobooks, narrated by Prince Harry and released Tuesday.
The employees say the aid is a way for Amazon to take greater responsibility for its role in producing the greenhouse emissions that cause climate change. Scientists have said the flooding that killed more than 1,700 people and displaced millions in Pakistan was much more likely to occur because of climate change. And it is attracting some Amazon workers not previously involved in workplace activism. One letter received 8,700 signatures from Amazon employees. “It definitely had an effect on people,” said Eliza Pan, a former program manager at the company who left in 2019 to go work on climate change issues, but is still involved with Amazon Employees for Climate Justice.
However, the Club holding's stock is still expensive, a high multiple compared to the broader stock market. The service allows Amazon Prime members the ability to shop directly on other retailers' websites , in turn helping those outlets to tap into Prime's roughly 200 million members. The company said it expects Buy with Prime to increase shopper conversion from browsing to buying by around 25%. Buy with Prime "allows merchants to build customer relationships and brand loyalty while offering conversion-driving benefits," Amazon said in a statement. While this is a move in the right direction, it's not enough to make Amazon stock look cheaper.
watch nowAmazon and Salesforce are among the latest tech companies to announce job cuts, after rapid hiring over the last several years. For every company announcing layoffs, senior leaders and managers must keep the remaining employees motivated and productive. related investing news Amazon’s 18,000 job cuts don't go far enough. Additionally, 66% report they feel overworked since the job cuts, and a third of those who survived a layoff believe that things will worsen for their company in the future. To counter those negative sentiments, experts say leaders need to communicate the organization's near-term goals and plans very clearly with front-line managers.
Amazon Needs to Become a Slower-Growth Wonder
  + stars: | 2023-01-05 | by ( Dan Gallagher | ) www.wsj.com   time to read: 1 min
Amazon’s share price peaked during CEO Andy Jassy’s first week on the job in July of 2021 and fell 50% in 2022. Andy Jassy ‘s first full year running Amazon has been one for the books—and not in a good way. A macroeconomic slowdown coming just as Amazon has been trying to absorb a major expansion of its fulfillment capacity has proved especially unfortunate for the e-commerce company. When it reports full results for 2022 later this month, Amazon is expected to show its first-ever year of percentage revenue growth in the single digits, while operating margins have fallen by more than half from the previous year.
Separately, Apple may allow other companies to set up app marketplaces on its iPhone, Bloomberg reported. But that won’t trouble Amazon much: private-label sales were 1% of its total, founder Jeff Bezos told the Congress in 2020. Any offer from Apple to allow competing app stores carries a similar risk. Chief Executive Tim Cook could conceivably try the same trick with third-party iPhone app stores, for example by making users plug their device into a computer. These include allowing app stores operated by third parties on its iPhone, according to the report.
Amazon 's (AMZN) plans to cut 18,000 workers is a drop in the bucket relative to its workforce of roughly 1.5 million. "They hired a huge number of people ... firing 18,000 people frankly is nothing," Jim Cramer said Thursday on CNBC. If there are more cuts ahead, the market will likely reward the stock and push it higher. Meta announced in November it was letting go of roughly 13% of its workforce , but those cuts are insufficient, too. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
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