Bezos to Divest $4.75B in Amazon Shares Amid Trade Tariff Concerns
Amazon founder Jeff Bezos plans to sell 25 million shares worth $4.75 billion by 2026, following his $13.4B stock sale in 2024. The announcement comes as Amazon faces uncertainty over potential Trump trade tariffs on Chinese imports despite strong Q1 earnings.
Alphabet Stock Plunges 6% as Cloud Revenue and AI Costs Worry Investors
Google parent company Alphabet saw its shares tumble after disappointing quarterly results, particularly in its cloud division, amid increased AI investments. The revenue miss and growing expenses raised concerns about the company's competitive position against rivals Microsoft and Amazon.
Amazon's Entry into Auto Sales Threatens Carvana's Future
Amazon's new partnership with Hyundai for direct vehicle sales marks a significant shift in online car retail, potentially spelling trouble for Carvana. The Amazon Autos platform offers seamless car buying in 54 U.S. markets, working within dealer networks while bringing Amazon's trusted infrastructure to automotive sales.
The $890 Billion Return Crisis: How Online Shopping is Reshaping Retail
Retailers face mounting challenges as returned merchandise is projected to hit $890 billion in 2024, driven by evolving online shopping behaviors like 'bracketing' and 'wardrobing.' Companies are responding with stricter policies and innovative solutions while balancing customer satisfaction with sustainability.