Want to take a trip to space? Billionaire Jeff Bezos' private spaceflight company, Blue Origin, released new images March 29 of the interior of its New Shepard passenger capsule, which the company says will be used to send paying customers on brief trips into space.
Excerpted from "Mindless: Why Smarter Machines Are Making Dumber Humans" When I first did research on Walmart's workplace practices in the early 2000s, I came away convinced that Walmart was the most egregiously ruthless corporation in America. However, ten years later, there is a strong challenger for this dubious distinction-Amazon Corporation.
SIGN UP FOR OUR NEWSLETTER The founder of Amazon gained another $1.5 billion after Amazon stock rose by $18.32 on Wednesday following the news that it plans to acquire Souq.com, an online retailer based in Dubai. Since the election of Donald Trump as President and the rally in global equities that followed that, Bezos added $7 billion to his fortune.
Although Walmart has long beat Amazon in overall U.S. apparel and accessories revenue, the mass retailer's lack of an online fashion presence has made it less of a competitor in that space. But that's bound to change with Walmart subsidiary Jet.com's recent acquisition of the womenswear retailer Modcloth, the company's largest push yet to connect with a younger, more fashion-savvy clientele.
Amazon.com Inc. is pushing deeper into the grocery business with plans to introduce convenience stores as well as curbside pickup locations, say people familiar with the matter. The Seattle company aims to build small brick-and-mortar stores that would sell produce, milk, meats and other perishable items that customers can take home, these people say.
Michael Kovac | Getty Images Amazon's explanation last week that it was closing Quidsi because the unit was unprofitable didn't sound much like Jeff Bezos. The Amazon founder is famous for operating retail businesses at such slim margins that rivals can't compete. Quidsi employees had another reason to be surprised.
Amazon could see more upside ahead, some strategists say, following a first quarter in which Amazon shares gained 18 percent and logged eight all-time highs, including on Friday. Amazon's potential for expansion in the consumer and grocery delivery services will drive the e-commerce giant's growth in years to come, said David Seaburg, head of sales trading at Cowen & Co.
David Paul Morris | Bloomberg | Getty Images E-commerce giant Amazon.com's shares hit a fresh record high Friday after Loop Capital initiated a buy rating on the stock, giving it a price target of $1,100 per share. Shares climbed more than 1 percent on the day to briefly reach $890.35 a share, the highest since the stock's initial public offering in 1997.