E-commerce giant Amazon ($AMZN) is shutting down its seven warehouses in Quebec, Canada, over the next two months. As a result, 1,700 full-time

Amazon (NASDAQ: AMZN) has been a winning investment over time. There's a clear reason for this top performance: Amazon has built leadership in the two high-growth businesses of e-commerce and cloud computing,

The closures will eliminate about 1,700 permanent full-time jobs in the greater Montreal area, Amazon said. The warehouses also employ 250 temporary employees.

Amazon is one of the largest e-commerce platforms in the world, with over 200 million active users and 12 million products available. Every minute, more than 4,000 items are sold in the U.S. alone. For businesses,

Hundreds of Amazon employees in Quebec are left to pick up the pieces following the shutting of warehouses across the province.

The FTC also alleges that Amazon is charging its sellers exorbitant fees, in many cases close to 50 percent of their revenue: “These fees harm not only sellers but also shoppers, who pay increased prices for thousands of products sold on or off Amazon,” the FTC argued in its filing.

Amazon has agreed to acquire Indian buy-now, pay-later startup Axio, deepening its push into financial services in one of its fastest-growing markets. The Amazon has agreed to acquire Indian buy now pay later startup Axio.

Recently, the Indian government has rolled out draft guidelines for e-commerce platforms. These guidelines after approval will be mandating self-regulatory measures to protect consumers from fraudulent practices amid the fast-growing digital shopping landscape in India.

Amazon (NASDAQ: AMZN) ended 2024 on a high note, up 44% in 52 weeks. Let's see where Amazon might be five years from now. Amazon has been steadily gaining market share in e-commerce over the past few years,

Amazon (NASDAQ: AMZN) has certainly made early investors rich. An investor that put just $451 in the business back at the initial public offering would see that balance worth $1 million right now. This is a much better gain than what the Nasdaq Composite Index produced.

Amazon and Axio previously had a six-year equity partnership, but they did not reveal the specifics of the takeover. Axio specialises in providing credit to customers, with a focu

The rise of big international retailers has prompted company boss Rob Scott to wind down the loss-making marketplace, saying it’s the “right thing for shareholders”.