Matt Day

Business, Technology, Autonomous

Amazon Plans to Open Cashierless Supermarkets Next Year

Amazon David Ryder/Bloomberg News

Amazon.com is preparing to open Amazon Go supermarkets and pop-up stores, an expansion of the company’s cashierless ambitions that includes the possibility of licensing the technology to other retailers.

Matt Day | Bloomberg News
November 20, 2019
Business, Logistics

Amazon Falls After Report That the Company Prioritized Profit in Its Search Listings

Amazon boxes Jim Young/Bloomberg News

Amazon.com shares fell following a report that the e-commerce giant adjusted its product search results to emphasize items that are more profitable to the company.

Matt Day | Bloomberg News
September 16, 2019
Business, Logistics

Amazon Spends $15 Billion to Help Merchants in Charm Offensive

Amazon box TT File Photo

Amazon.com, criticized for wielding too much power over third-party merchants on its marketplace, said it will spend some $15 billion this year to help them boost sales.

Matt Day | Bloomberg News
August 22, 2019
Business, Logistics

Amazon Tests ‘Top Brand’ Label for Some Big-Name Fashion Sellers

Amazon box on conveyor belt A "top brand" label could help ease tensions between Amazon and big-name companies. Amazon accounts for about 40% of online sales in the U.S. (Bess Adler/Bloomberg News)

Amazon.com Inc. is designating products sold by certain companies as “top brands,” a test that if widely implemented could ease tension between the online retail giant and big-name companies used to favorable positioning at brick-and-mortar retailers.

Matt Day | Bloomberg News
August 16, 2019
Business, Logistics

Amazon Loses ‘Last Bear’ Among Stock Analysts

Amazon Melissa Lyttle/Bloomberg News

Amazon.com’s last bear has given up. Allen Gillespie came into this week the only one of 55 financial analysts tracked by Bloomberg with a “sell” rating on the company’s shares. In a note to clients July 30, he upgraded the retail and technology giant to “hold.”

Matt Day | Bloomberg News
August 2, 2019
Government, Business, Technology, Logistics

Amazon’s Profit Surges on Cloud Computing, Advertising Gains

Amazon flag The Amazon.com logo is displayed outside the company's fulfillment center in Kenosha, Wis. (Jim Young/Bloomberg News)

Amazon.com reported quarterly profit that exceeded analysts’ estimates, demonstrating the company’s focus on cloud computing, advertising and other high-margin businesses continues to pay off.

Matt Day | Bloomberg News
April 25, 2019
Business, Logistics, TCA

Amazon Offers Free Holiday Shipping to Compete With Target

Amazon Warehouse Rich Pedroncelli/Associated Press

Amazon says it will offer customers free shipping on orders delivered through Christmas regardless of whether they are members of the Prime membership program, a move that comes two weeks after rival Target undercut the company with its own free-shipping offer.

Matt Day | Bloomberg News
November 5, 2018
TCA

Paccar, Nvidia Build Concept Self-Driving Truck

Nvidia

Paccar and chipmaker Nvidia have built a concept self-driving truck capable of piloting itself through most driving conditions, the companies said March 16.

Matt Day | Bloomberg News
March 17, 2017