Tag: Amazon

January 24, 2024 BY Elizabeth Anderson

French privacy watchdog fines Amazon €32m for excessive monitoring of warehouse staff

Reportedly, managers at Amazon France Logistique keep such close tabs on employees that it infringes several rules in the European Union’s (EU) General Data Protection Regulation. CNIL’s investigation tagged using barcode scanners at various checkpoints along the chain as intrusive. Amazon strongly contested any irregularity in the use of these devices and said: We strongly…

Read more
September 26, 2023 BY Elizabeth Anderson

Amazon shows AI interest with possible $4bn startup investment

The agreement reached between the two companies stipulates that Amazon employees and Amazon Web Services (AWS) users will get early access to the latest Anthropic technologies. Anthropic, on the other hand, will primarily use Amazon’s cloud services.  Additionally, the company will train future AI models on proprietary chips supplied by the global retailer. The chief…

Read more
SEC
September 29, 2020 BY Steffy Bogdanova

Former Amazon finance manager charged with insider trading

Erin Schneider, Director of the SEC's San Francisco Regional Office commented: We allege that the Bohras repeatedly and systematically used Amazon's confidential information for their own gain. Employees with access to confidential, potentially market-moving corporate information may not use that information to enrich themselves, their friends, or their families. The US regulator’s complaint charges all…

Read more
forex and crypto market analysis
September 25, 2020 BY Valentina Kirilova

Daily Market News: Amazon steps into the gaming market

Democrats aim for pared back stimulus bill All three major US stock indices eked out a positive day after a volatile session yesterday. The next round of Covid-19 economic stimulus once again hit headlines, after reports that Democrats are putting together a new $2.4trn bill that cuts roughly a trillion dollars from the cost of…

Read more
forex and crypto market analysis
July 31, 2020 BY Valentina Kirilova

Daily Market News: FAANGs thrive as US economy drowns

FTSE 100 back below 6,000 on struggling banks and US economic woes Financial firms led the FTSE 100 2.3% lower on Thursday amid profit warnings from Lloyds Bank, the UK’s largest retail bank, and jitters caused by dire GDP data from Germany and the US. The FTSE 250 meanwhile was down a more modest 1.3%.…

Read more
forex and crypto market analysis
July 30, 2020 BY Valentina Kirilova

Daily Market News: Earnings weigh heavily on European open

PayPal CEO says ‘no going back’ from pandemic induced e-commerce surge Boeing’s earnings report appeared to take airline stocks down with it yesterday, as American Airlines and United Airlines both sank by around 3% on a day where the broader market soared. The Nasdaq Composite was up 1.4%, helped higher by names including AMD, PayPal…

Read more
forex and crypto market analysis
July 07, 2020 BY Valentina Kirilova

Daily Market News: Stocks pull back after Monday surge, Uber shells out $2.7bn for rival food delivery service

What to watch Paychex: Human resource and payroll outsourcing firm Paychex reports its latest quarterly earnings today. The $28bn market cap firm’s share price is down 8.6% year-to-date, after a 30% surge over the past three months. Analysts are expecting an earnings-per-share figure of $0.60, and overwhelmingly favour a hold rating on the stock. How…

Read more
forex market crypto news and updates
May 01, 2020 BY Valentina Kirilova

Daily Market News: US stocks post best month since 1987

Financial stocks suffered a negative day too, with Royal Bank of Scotland, Standard Life Aberdeen and Lloyds Banking Group all closing more than 7% lower. The FTSE 250 also sank on Thursday, closing 2.3% lower, with Virgin Money UK and Crest Nicholson both posting double digit losses. FTSE 100: -3.5% Thursday, -21.8% YTD FTSE 250:…

Read more