Amazon CEO acknowledges loss of Black leaders in internal memo

Amazon CEO acknowledges loss of Black leaders in internal memo

Amazon CEO Andy Jassy speaks during the GeekWire Summit in Seattle on Oct. 5, 2021. david ryder | Bloomberg | Getty Images Amazon CEO Andy Jassy acknowledged losing two top Black executives, who led warehouses and transportation, in a company email Tuesday night. Jassy’s email sang the executives’ praises, adding that he’s “truly sorry to … Read more

Here are the best deals

Here are the best deals

Amazon Prime Day is one of the most anticipated shopping events of the year. But in 2022, shoppers may be less interested in backyard entertaining or Black Friday-type deals and more eager to score discounts on consumer staples to counteract runaway inflation. “People who want to participate in Prime Day are going to be focusing … Read more

Maryland Apple workers face hurdles after vote to unionize

Maryland Apple workers face hurdles after vote to unionize

TOWSON, Md. (AP) — The historic vote by employees of a Maryland Apple store to unionize — a first for the technology giant — is a significant step in a lengthy process that labor experts say is heavily stacked against workers in favor of their employers . Apple store employees in a Baltimore suburb voted … Read more

Coinbase lays off 18% as execs prepare for recession, ‘crypto winter’

Coinbase lays off 18% as execs prepare for recession, 'crypto winter'

Coinbase Founder and CEO Brian Armstrong attend Consensus 2019 at the Hilton Midtown on May 15, 2019 in New York City. Steven Ferdman | Getty Images Coinbase is laying off almost a fifth of its workforce amid a collapse in its stock and crypto prices. The cryptocurrency exchange will cut 18% of full-time jobs, according … Read more

Why Franchise Group wants to buy Kohl’s and what could happen next

Why Franchise Group wants to buy Kohl's and what could happen next

Shoppers enter a Kohl’s store in Peoria, Illinois. Daniel Acker | Bloomberg | Getty Images A little-known conglomerate of companies including The Vitamin Shoppe, Pet Supplies Plus and a home furnishing chain called Buddy’s is suddenly the talk of the retail industry. Franchise Group, a publicly traded business with a market capitalization of about $1.6 … Read more

Amazon consumer chief Dave Clark to join Flexport as its new CEO

Amazon consumer chief Dave Clark to join Flexport as its new CEO

Dave Clark, Amazon’s senior vice president of worldwide operations. Lindsey Wasson | Reuters Supply chain software start-up Flexport has tapped Dave Clark, Amazon’s worldwide consumer chief, to serve as its new CEO. Clark will take the helm at Flexport on Sept. 1, Flexport announced Wednesday. Flexport founder and CEO Ryan Petersen will transition into the … Read more

Target and Microsoft may be just the beginning of a worrisome earnings trend

Target and Microsoft may be just the beginning of a worrisome earnings trend

Target is unlikely to be the only company with a bullseye on it during the upcoming earnings season. The retailer Tuesday warned for the second time in less than a month that its profits would take a hit from an inventory glut. The new guidance comes just days after Microsoft , in another high profile … Read more

New York crypto mining bill: Senator Anna Kelles interview

New York crypto mining bill: Senator Anna Kelles interview

Bitcoin offices in Istanbul, Turkey, on May 11, 2022. Umit Turhan Coskun/NurPhoto via Getty Images New York State Assemblymember Anna Kelles is tired of all the fear-mongering about the bill she wrote — and sponsored — to place a two-year moratorium on certain types of new cryptocurrency mines in the state. The fate of the … Read more

Amazon CEO of Worldwide Consumer Dave Clark resigns

Amazon CEO of Worldwide Consumer Dave Clark resigns

Dave Clark, Amazon’s senior vice president of worldwide operations. Lindsey Wasson | Reuters Dave Clark, CEO of Amazon’s worldwide consumer business and a top lieutenant of CEO Andy Jassy, ​​will resign July 1 after 23 years at the company, Amazon announced in a regulatory filing Friday. Amazon did not name a replacement for Clark. In … Read more

Walmart to open high-tech fulfillment centers to ship online orders faster

Walmart to open high-tech fulfillment centers to ship online orders faster

Walmart is building four high-tech fulfillment centers that will simplify and speed up the picking and packing of online orders. The first one will open this summer in Joliet, Illinois. walmart Walmart is building warehouses with a high-tech spin in hopes of delivering items to customers more quickly and growing its online business. The retailer … Read more