Amazon’s collusion drove up consumer prices, California says, citing new evidence
- 21-Apr-2026
Amazon.com worked behind the scenes with merchants such as Levi Strauss to prod online rivals such as Home Depot, Walmart and Chewy to raise prices for consumers so it would not be undercut, California’s attorney general said on Monday. Evidence detailing alleged efforts to fix prices was unsealed on Monday, as part of Attorney General […]
Amazon to stock Foundayo, offer same-day delivery
- 09-Apr-2026
Amazon.com said on Thursday its pharmacy unit will stock Eli Lilly’s new weight-loss pill at kiosks located at some of the company’s primary care clinics and offer same-day delivery of the drug. Amazon Pharmacy began delivering GLP-1 medications in 2021, but does not stock injectable versions of the drugs in kiosks because they need to […]
Amazon phone making a comeback over a decade after failure
- 03-Apr-2026
Amazon is launching a new phone for the first time in over a decade. This information comes from a Reuters report citing four sources familiar with the matter. The new device, internally known as “Transformer,” aims to be a “mobile personalization device” that syncs with Amazon’s smart assistant, Alexa. According to the report, the goal […]
Amazon launches 1-hour shipping to challenge Walmart
- 18-Mar-2026
Amazon is ramping up its speedy delivery service by offering 1-hour and 3-hour shipping in markets across the U.S., including Los Angeles and Chicago, in its latest efforts to stave off e-commerce competition from its biggest rival Walmart. Fast delivery has been a significant part of Amazon’s push to increase basket sizes and shopping frequency. […]
Amazon’s Zoox to launch command hub in Arizona, expand testing to Dallas and Phoenix
- 10-Mar-2026
Amazon’s robotaxi unit Zoox is expanding testing to Dallas and Phoenix and launching a command hub for fleet operations in Arizona, as it looks to widen its footprint in the U.S.’s increasingly competitive autonomous taxi market. The move will expand testing operations to 10 markets across the country, Zoox said on Monday, adding the two […]
Amazon in talks to invest $50 billion in OpenAI
- 30-Jan-2026
OpenAI, already valued at $500 billion, has announced that it is seeking another $100 billion in funding. This new round could boost the company’s valuation to an impressive $830 billion. The Wall Street Journal now reports that Amazon might contribute at least $50 billion of that record-breaking investment. Details about the potential deal are scarce, […]
Amazon axes 16,000 jobs as it pushes AI
- 28-Jan-2026
Amazon confirmed 16,000 corporate job cuts on Wednesday, completing a plan for around 30,000 since October, while leaving open the possibility of further reductions. Reuters first reported last week that Amazon was planning a second round of job cuts as part of its broader goal under CEO Andy Jassy, who has been trying to reduce […]
Amazon plans thousands more corporate job cuts next week, sources say
- 23-Jan-2026
Amazon is planning a second round of job cuts next week as part of its broader goal of trimming some 30,000 corporate workers, according to two people familiar with the matter. The company in October cut some 14,000 white-collar jobs, about half of the 30,000 target first reported by Reuters. The total this time is […]
Amazon in talks to invest in OpenAI, source says
- 17-Dec-2025
Amazon is in talks to invest in OpenAI, which could value the ChatGPT maker over $500 billion, a source familiar with the matter told Reuters on Tuesday. The talks between Amazon and the ChatGPT maker are fluid and details are subject to change, the source said, adding that Amazon could invest $10 billion or more, […]
Amazon to pay more than $580 million to settle tax probe in Italy
- 10-Dec-2025
Amazon has agreed with Italy’s tax collection agency to pay 510 million euros ($582 million) to settle a tax dispute, two sources close to the matter said on Wednesday, in one of a number of cases involving the company in Italy. However, in an unusual development, Milan’s prosecutors are in disagreement with the accord between […]