E-commerce

My boyfriend, 68, has almost no ‘mad money’ for fun activities and trips. He lives with his father, 95, and expects to inherit his house. Is it unreasonable to expect him to get a part-time job?

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I am a 65-year-old retired woman with modest Social Security and annuity payments. I also own my own home and have savings. I’ve been seeing a 68-year-old retiree since just before the pandemic. He lives with his 95-year-old dad, who is in poor health (he can’t get around much, doesn’t drive, and is showing signs … Read more

​Amazon sees stabilisation in workforce after reducing headcounts by 1 lakh; still employs over 15 lakh people

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Alibaba Stock Has Slumped This Week. Here’s Why.

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Text size Alibaba shares have slumped since the company said it would apply for a primary listing in Hong Kong. (Photo by GREG BAKER/AFP via Getty Images) Shares of Alibaba , the Chinese e-commerce giant, fell sharply Friday following a report that said billionaire Jack Ma plans to cede control of Ant Group. Alibaba (ticker: … Read more

Amazon and Grubhub Strike Deal to Bring Restaurant Delivery to Prime Members

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Amazon.com agreed to add Grubhub to its suite of Prime services in the U.S., in a deal aimed at expanding the food-ordering company’s reach by tapping Amazon’s membership program. Grubhub’s parent, Netherlands-based Just Eat Takeaway.com NV said Amazon has an initial option to take a 2% stake in U.S.-based Grubhub, and U.S. Prime members can … Read more

The Most Valuable Business on Earth Could Be Hiding Inside Amazon

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Text size Amazon has created what is arguably one of the world’s best growth businesses. Thomas Samson/AFP via Getty Images Amazon Web Services just might be the most valuable business on Earth. And the most undervalued. Clearly, the optimistic view of the long-term potential of AWS isn’t reflected in the current valuation for Amazon.com stock … Read more

Fanatics is in talks to buy sports betting company Tipico, sources say

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Michael Rubin arrives at the 2019 Fanatics Super Bowl Party on Saturday, Feb. 2, 2019, in Atlanta. Paul R. Giunta | Invision | AP Fanatics, the sports merchandising company, is in talks to acquire sports betting company Tipico, according to two people familiar with the matter. A deal hasn’t yet been reached, and the two … Read more

DiDi Stock Plunges. An SEC Probe Has Alibaba and JD.com Investors On Edge Too.

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Text size DiDi headquarters in Beijing AFP via Getty Images Shares in DiDi Global plunged Wednesday after the embattled Chinese ride-hailing company said it was facing a Securities and Exchange Commission investigation into its initial public offering last year. Other Chinese tech stocks were dropping. American depositary receipts of DiDi (ticker: DIDI) lost 5% in … Read more

Apple Is the Last FAANG Standing

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Apple is the last FAANG standing—and its earnings report this coming week could go a long way toward determining if the stock market bounces back or slides even further. As bad as this year has been for the stock market, it’s been even worse for the original FAANGs. While the S&P 500 has fallen 10.4% … Read more

Andy Jassy says he doesn’t own bitcoin, says Amazon could sell NFTs

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Amazon CEO Andy Jassy told CNBC on Thursday he doesn’t own any bitcoin or nonfungible tokens, but that he’s optimistic about the future of cryptocurrencies and NFTs. “I don’t have bitcoin myself,” Jassy told CNBC’s Andrew Ross Sorkin in a “Squawk Box” interview. “We’re not probably close to adding crypto as a payment mechanism in … Read more

Lossmaking Posta turns to SMEs for new lease of life

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Companies Lossmaking Posta turns to SMEs for new lease of life Wednesday April 13 2022 Postmaster-General Dan Kagwe. FILE PHOTO | NMG By BONFACE OTIENOMore by this Author Summary Postmaster-General Dan Kagwe told the Business Daily that Posta had struck a deal with the Small and Medium Enterprise [SME] Support Centre to offer logistic services … Read more