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News
Amazon adds cybersecurity veteran Kevin Mandia to board 2 years after he left Google
4+ day, 51+ min ago (276+ words) Amazon said Kevin Mandia, the founder and former CEO of cybersecurity company Mandiant, is joining its board of directors. In a blog post on Wednesday, Amazon referred to Mandia as a "widely recognized cybersecurity expert" with extensive experience "combating cyber…...
Crypto technicals are improving. Katie Stockton is keeping an eye on these levels
1+ week, 6+ day ago (14+ words) CNBC...
Shein faces existential threat as tariffs hit low-price model, putting new focus on services
1+ mon, 3+ day ago (775+ words) Discount retailer Shein had long argued trade law loopholes weren't the reason for its success. But now that those exemptions are gone, its once meteoric growth has stalled in the U.S. and Europe, posing a threat ahead of its Hong Kong…...
Etsy laying off 12% of staff in bid to streamline business, position for growth
1+ mon, 1+ week ago (416+ words) Etsy said Wednesday it's laying off about 220 employees, or roughly 12% of its workforce, as the online marketplace looks to simplify its organizational structure and innovate faster in an increasingly competitive e-commerce industry. Etsy CEO Kruti Patel Goyal, who took over…...
Amazon is designing its own AI chips for Echo, Fire TV and future devices, exec tells CNBC
2+ mon, 1+ week ago (554+ words) Amazon is focusing on building chips for its "critical" consumer devices, the company's top hardware executive told CNBC. In a wide-ranging interview on CNBC's "The Tech Download" podcast, Panos Panay, the head of devices and services at Amazon, discussed, for…...
Amazon trucking expansion sparks freight stock selloff
3+ mon, 3+ day ago (312+ words) Shares of several large freight carriers slumped on Wednesday after Amazon announced it's opening up its trucking services to companies beyond its own network. The e-retailer said it will offer less-than-truckload shipping to all businesses, not just those who ship…...
WTO talks near deal on reform roadmap amid U.S.-India e-commerce deadlock: Reuters
5+ mon, 2+ week ago (408+ words) Trade ministers are close to agreeing a reform plan for the World Trade Organization, as wrangling continues over extending a moratorium on customs duties for electronic transmissions such as digital downloads, two diplomats said. The talks at a WTO meeting…...
Amazon's top health exec is stepping down, will be replaced by Amwell co-founder
3+ mon, 2+ week ago (425+ words) Amazon's top health-care boss will step down from his role and be replaced by the cofounder of telemedicine company Amwell, the company announced Wednesday. Neil Lindsay, who joined Amazon more than 15 years ago, has served as the senior vice president…...
How Amazon became America's biggest clothing seller
9+ mon, 1+ week ago (511+ words) Amazon's grip on the apparel industry just keeps getting tighter. Amazon's market share for the apparel and footwear segment reached nearly 13% in 2024, with sales over $67 billion, more than double Walmart's about $32 billion business, according to a Wells Fargo industry note…...
FedEx CEO responds to Amazon Supply Chain Services announcement
4+ mon, 23+ hour ago (19+ words) CNBC FedEx CEO responds to Amazon Supply Chain Services announcement...