Amazon

Amazon To Invest $2 Billion In Affordable Housing

(CNN) - Two billion dollars. That's how much Amazon says it's planning to invest in three U.S. cities over the next five years. The money will go toward affordable housing in Seattle, Nashville and Arlington, Virginia. The company plans…

Amazon Buys 11 Jets For Faster Shipping

(CNN) - Have you shopped on Amazon lately? You're not the only one. And the folks at Amazon want to make sure they can keep up with our spending, by spending a pretty penny themselves on 11 new Boeing…

Record Amazon Sales For Black Friday and Cyber Monday

(CNN) - Amazon is reporting record-breaking sales over the holiday shopping season so far. On Tuesday, the company said this year's holiday shopping season has been its largest. Amazon said small and medium sized businesses that use the platform…

Amazon Promises Bonuses To Frontline Workers

(CNN) - Amazon just announced $500 million of holiday bonuses to its frontline workers on this Thanksgiving. A special one-time holiday bonus of $300.00 will go to each one of its full-time, front-line employees. Part-time workers will be getting…

Amazon Launches Online Pharmacy With Delivery

(CNN) - Amazon is now a drug store. On Tuesday, the company is launching 'Amazon Pharmacy' in the U.S. It works just like a traditional drugstore and even accepts most major insurance plans. And Prime members get free two…

Amazon Expands In-Garage Delivery

(CNN) - Amazon is making it easier for more Americans to shop from home. The Seattle-based multinational tech company is expanding in-garage delivery to more than 4,000 cities nationwide. Among them: Atlanta, Boston, Dallas, Houston, and Philadelphia. This service,…

Amazon Plans To Double Black Leadership In 2021

(CNN0 - Amazon says it plans to double the number of black leaders in the company this year and then again next year. Vice president and director level roles are being targeted within Amazon to increase black representation. The…

Jeff Bezos Dumped $3 Billion Worth Of Amazon Stock

(CNN) - Jeff Bezos sold more than $3 billion worth of his Amazon stock this week. The Amazon CEO didn't explain why he sold so many shares, but he does regularly sell off his stock. Bezos often uses it…

Amazon Reports Nearly 200%Increase In Profit

(CNN) - The pandemic is fueling Amazon's bottom line. The online giant announced that sales and profit soared in the latest quarter. During the last three months ending in September; Amazon says sales grew 37%, compared to the same…

Amazon Adding 100K Jobs For Holiday Season

(CNN) - The most wonderful time of the year is also the busiest for Amazon. So the company is adding 100,000 seasonal jobs and it promoted 35,000 current workers. It's the latest in a wave of new hires this…