Analysts opined that this invitation-only event is an attempt to combat the rising competition from Chinese online shopping startups such as Temu and Shein. Both of these companies have gained traction among US consumers with their low prices on clothes, gadgets and other merchandise. Earlier this week, we reported on Shein’s IPO filing with the…
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Recent reports suggest that a monthly fee of between $5 and $10 will be charged in an attempt to finally turn Alexa into a profitable part of the AMZN empire. It’s been suggested that the new charge may be introduced at the same time the assistant is renamed Remarkable Alexa. This updated version of the…
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The claim they’re making is for damages reaching £1.1bn. The group is being represented in the court action by the British Independent Retailers Association (BIRA), which states that this is the biggest example in the history of collective legal action involving British retailers. The claim is to be filed on Friday at a tribunal in…
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This AWS Mexico Region will allow businesses, the government, education facilities and nonprofits more flexibility in app usage and data storage. This latest initiative from Amazon aims to offer updated and secure cloud computing. Mexico’s Secretary of Economy, Raquel Buenrostro, said: Cloud services are an essential part of everyday life, helping us to digitally and…
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The move follows a recent announcement that Bezos is set to sell between 50 million and 75 million shares over the next 12 months. Investors now buying Amazon shares are essentially betting against Bezos as he has become a ‘big seller’ of the stock. Jeff Bezos became executive chairman of Amazon in 2021 after stepping…
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Amazon’s Q4 revenue, which totalled $170bn, beat the expected $166.2bn by almost $4bn. Experts attributed the financial success of this company to the synergy between its diverse segments. The reported totals boosted investor confidence, and Amazon closed its Friday, 2 February 2024, trading up 7.87%. Apple followed suit with its Q1 earnings and defied analyst…
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CySEC, Belize and South Africa licensed Retail FX broker Forextime, which also goes by the shortened moniker FXTM, has announced that it has added stocks from the NYSE and NASDAQ exchanges to the MT5 Pro Accounts. FXTM has launched the Pro Accounts back in April, providing now MetaTrader 5 users with the ability to directly own and…
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