Amazon Set to Lay Off Thousands of Corporate Workers

Amazon Set to Lay Off Thousands of Corporate Workers

Alibaba and JD.com Stocks Are Rising. Don’t Thank Singles Day Sales Results.

Alibaba and JD.com stocks were rising on Monday, but the price action didn’t seem to be driven by sales results from the closely-watched annual Singles Day event. Alibaba (ticker: BABA) was up 2.5% in U.S. premarket trading, with shares in e-commerce peer JD.com (JD) gaining 3.5%, beating out futures tracking both the S&P 500 index … Read more

Stocks Poised to Fall Monday

U.S. stocks are poised for a slightly lower open on Monday ahead of another busy week of earnings and the Federal Reserve’s latest decision on interest rates on Wednesday. At 6:22 p.m. Eastern time Sunday night, Dow Jones Industrial Average futures were down 39 points, or 0.1%, while the S&P 500 futures were down 0.2%, … Read more

Meesho expects to do 40% of third party logistics volumes this festival season

A week ahead of the festive sale, Utkrishta Kumar, CXO of Meesho, told BusinessLine that the value consumers-focused e-commerce platform is expected to contribute 40 per cent of the third party logistics (3PL) volumes this festive season. “We work with all the big 3PL partners today and for the first time have also added Elasticrun … Read more

Bezos Loses Title of World’s Second Richest Man to Indian Billionaire

It was to be expected.  Jeff Bezos has lost the title of second richest man in the world behind Elon Musk, electric-vehicle leader Tesla’s  (TSLA)  chief executive.  The founder and executive chairman of tech and online-retail giant Amazon  (AMZN)   dropped to No. 3, on Sept. 16 at around 10:38 a.m in New York, according … Read more

The Meta meltdown: This chart shows Facebook’s fall from grace among the most valuable U.S. companies

Dogged by competitive and macroeconomic threats, Meta Platforms Inc. is sinking down the ranks of the largest U.S. companies. After a 9.4% daily slide in its stock, Meta META, -9.37% ranked 10th by market value as of Tuesday’s close, falling below Visa Inc. V, -3.37% for the first time since the start of August. Meta, … Read more

GeM to focus on increasing States’ participation

The Government eMarketplace (GeM) is going a whole hog on increasing the participation of state governments in the public procurement platform by roping in more and more state government departments and state PSUs. Started in 2016,  GeM is the government’s e-commerce portal dedicated for procurement of goods and services by central and state governments, various … Read more

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?

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.

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