Amazon overtakes Walmart to lead world in sales
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The shuffle underscores the rivalry between the two retailers, particularly as Walmart expands its advertising and third-party marketplace businesses.
Amazon is shutting down all 72 of its Amazon-branded grocery stores, including Amazon Fresh and Amazon Go. According to the company, it will convert some of those locations into Whole Foods Market-branded stores.
Amazon.com, Inc. beat Q4/FY2025 estimates as margins rose on AWS and ads. Click here for this updated look at AMZN stock following the latest earnings news.
Amazon’s massive cloud computing and AI business were the main drivers of the retail giant’s 11.04% revenue growth in Q3, but the Seattle, Wash.-based tech titan said Thursday that it remains focused on its grocery and pharmacy businesses. While only ...
Amazon is spending $200 billion on AI data centers this year, and this company could receive a good chunk of it.
Amazon's success in Brazil highlights its ability to replicate this growth in other emerging countries, benefiting from favorable economic conditions. The welcome interest rate cut in America should create conditions for other central banks in the world ...
Amazon reported earnings on Thursday that beat Wall Street's estimates on the top and bottom line. The company reported net sales of $155.7 billion and earnings per share of $1.59. CEO Andy Jassy says he's optimistic that the company can weather the coming ...
Amazon is pushing deeper into the grocery aisle with the launch of Amazon Grocery, a food brand that keeps most prices under $5. The idea of buying much of anything for $5 seems like a distant memory for most shoppers these days, as President Trump’s ...
In a slow-motion race of two retail behemoths, Amazon's trump card was its lucrative cloud-computing business.