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Amazon.com Inc

Wall Street tumbles as rising yields pressure growth stocks

Published 22 Feb, 2023 03:30am

NEW YORK: Wall Street’s main stock indexes fell on Tuesday, dragged down by megacap names, after data showing a...

Amazon launches air freight service in India

Published 24 Jan, 2023 07:11am

BENGALURU: Amazon.com Inc on Monday launched its own air cargo fleet in India, Amazon Air, as it seeks to expand and...

Amazon CEO says job cuts to exceed 18,000 roles

Published 06 Jan, 2023 05:58am

BENGALURU: Amazon.com Inc’s layoffs will now increase to more than 18,000 roles as part of a workforce reduction it...

Bloomberg eyes Dow Jones or Washington Post acquisition

Published 24 Dec, 2022 06:13am

NEW YORK: Michael Bloomberg has not reached out to Rupert Murdoch to discuss a possible acquisition of Dow Jones ...

Dow rises at start of big earnings week, Big Tech pulls Nasdaq lower

Published 26 Jul, 2022 04:31am

NEW YORK: The Dow rose on Monday as investors braced for a Federal Reserve meeting during the week and earnings from...

Growth stocks lift Wall St ahead of Fed’s big rate decision

Published 16 Jun, 2022 06:03am

NEW YORK: Wall Street’s main indexes rose on gains in beaten-down growth and financial stocks on Wednesday even as...

Reliance calls off $3.4bn retail deal with India’s Future Group

Updated 24 Apr, 2022 09:12am

MUMBAI: India’s top retailer Reliance on Saturday called off its $3.4 billion deal with Future Group, saying it...

Wall St falls as tech stocks weaken on hawkish Fed minutes

Published 07 Jan, 2022 06:22am

NEW YORK: Wall Street’s main indexes fell in choppy trading on Thursday after minutes from the Federal Reserve’s...

Wall Street Week Ahead: Tech giants' earnings may be another test for markets at new highs

Published 25 Oct, 2021 05:32am

NEW YORK: Investors are homing in on a flood of earnings reports from Wall Street's tech and Internet giants, as the...

Tech lifts S&P 500, Nasdaq amid inflation, China growth worries

Published 19 Oct, 2021 03:52am

NEW YORK: US stocks rose on Monday on gains in heavyweight technology companies, although sentiment remained ...

Tech mega-caps knock 1pc off Nasdaq; banks lift Dow

Published 28 Sep, 2021 05:12am

NEW YORK: The Nasdaq index slipped more than 1% on Monday as investors swapped technology heavyweights for stocks...

Back-to-school may lift US retail shares after recent lull

Published 06 Sep, 2021 06:14am

NEW YORK: Strong late-summer back-to-school sales could provide US retailers some needed momentum after many sector...

Amazon-backed Rivian files for IPO, gears up for blockbuster year-end flotation

Published 30 Aug, 2021 06:33am

NEW YORK: Electric vehicle maker Rivian said it has confidentially filed paperwork with regulators for an initial...

Amazon to grant new CEO Jassy over $200m in stock

Published 05 Jul, 2021 04:57am

WASHINGTON: Amazon.com Inc plans to award incoming Chief Executive Andy Jassy more than $200 million in extra stock,...

Monday’s early trade: Nasdaq jumps to all-time high

Published 29 Jun, 2021 03:24am

• Boeing falls on possible delay in 777X certification NEW YORK: The Nasdaq jumped to an all-time high on Monday,...

Nasdaq hits record high as Big Tech roars back

Published 22 Jun, 2021 11:39pm

Amazon saw over $5.6 billion in total online sales in the United States on the first day of its Prime promotional event, according to Adobe Digital Economy Index.

British watchdog plans investigation into Amazon's use of data: FT

Published 10 Jun, 2021 12:11pm

The timing and scope of the probe were still being worked on, it said.

Monday’s early trade: Wall Street dips

Published 08 Jun, 2021 04:09am

NEW YORK: The S&P 500 eased on Monday, although it remained 0.5% away from its all-time high, as a deal by the...

Pakistan officially added to Amazon’s sellers' list, says Dawood

Published 21 May, 2021 12:05pm

Amazon has confirmed that it has added Pakistan to its sellers' list, according to a recent tweet by Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood.

Monday’s early trade: Dow hits above 35,000 mark; Nasdaq drops

Committed to revolutionizing grocery shopping, Amazon is going to introduce automated checkout technology to full-size supermarkets soon.

Amazon acknowledges issue of drivers urinating in bottles in apology to Rep. Pocan

Published 03 Apr, 2021 06:10pm

We know that drivers can and do have trouble finding restrooms because of traffic or sometimes rural routes, and this has been especially the case during Covid when many public restrooms have been closed.
"This was an own goal, we're unhappy about it, and we owe an apology to Representative Pocan," Amazon said in its blog post, adding that its previous response only referred to staff at its warehouses or fulfillment centers.

Tuesday’s early trade: Slide in growth stocks pummel Nasdaq

Published 24 Feb, 2021 05:24am

NEW YORK: The Nasdaq index fell more than 2% on Tuesday as investors sold off mega-cap growth stocks on valuation...

Amazon documents reveal company's secret strategy to dodge India's regulators

Updated 17 Feb, 2021 06:27pm

Other company documents reveal equally touchy information: Two more sellers on the e-commerce giant's India platform - merchants in which Amazon had indirect equity stakes - accounted for around 35% of the platform's sales revenue in early 2019.
What Carney wound up telling the ambassador is unclear. A meeting did take place in April 2019, but neither side would comment on the specifics of the gathering.

Amazon to make TV streaming device in India

Published 16 Feb, 2021 05:45pm

Amazon said hundreds of thousands of Fire TV Sticks would be produced annually, helping it to meet demand from Indian customers.
"Amazon will continuously evaluate scaling capacity to additional marketplaces/cities depending on the domestic demand," the company said.

Amazon sues New York attorney general to preempt a state COVID lawsuit

Published 12 Feb, 2021 05:56pm

The retailer drew scrutiny 10 months ago when workers protested conditions at a Staten Island warehouse and it fired Smalls for violating a paid quarantine.
The atypical lawsuit shows how Amazon believes it was unfairly maligned despite the many COVID-19 precautions it implemented.

Amazon, Ferragamo sue several firms, people over counterfeit products

Updated 11 Feb, 2021 09:25pm

The companies filed two lawsuits against four individuals and three entities, according to court documents.
Out of seven defendants, the lawsuit says five are based in China and the other two could be in China or North Carolina or California.

Amazon takes battle with Future Group to India's top court, fearing ‘irreparable harm’

Updated 11 Feb, 2021 09:25pm

Amazon, India's Future locked in protracted legal battle.
Amazon says previous court order on asset sale is illegal.
US firm alleges Future is in breach of contract.
Future has said it could face liquidation if deal fails.

Indian court lifts hold on Future's $3.4bn retail deal in setback for Amazon

Published 08 Feb, 2021 06:57pm

A two-judge bench hearing Future's appeal on Monday put on hold the previous ruling, which had effectively stalled the mega retail deal, two sources familiar with the proceedings said.
Future is India's second-largest retailer with over 1,700 stores and agreed to sell its retail businesses to market leader Reliance last year.

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 30	277.31
USD PKR Interbank Buying / Sep 30	277.11
USD to Japanese Yen / Sep 30	157.03
USD to Swiss Franc / Sep 30	0.83
Pound Sterling to USD / Sep 30	1.32
Euro to USD / Sep 30	1.13
SOFR % / Sep 29	3.88

Stock	Volume
S&P 500 / Sep 29	7,670.84
Nasdaq / Sep 29	26,797.54
Dow Jones / Sep 29	51,349.92
India Sensex / Sep 30	72,729.39
Tokyo Nikkei / Sep 30	66,728.56
Hang Seng / Sep 30	24,534.37
FTSE 100 / Sep 30	10,714.17
Germany DAX 30 / Sep 30	25,546.29
France CAC40 / Sep 30	8,055.71

Item	Value
Crude Oil USD/Barrel / Sep 30	89.69
Karachi Cotton PKR/37.32 KG / Sep 30	18,680
Gold 10 Grams PKR / Sep 30	378,631
Gold Spot USD/Ounce / Sep 30	4,309.98
Cotton US¢/pound / Sep 30	79.18
Petrol/Litre / Oct 1	387.40
Diesel/Litre / Oct 1	400.35

Gainers
Losers
Leaders

Stock	Price
Colony Tex.Mills Ltd / Sep 30 Colony Textile Mills Limited(CTM)	7.26 ▲ 1 (15.97%)
Kohinoor Spinning / Sep 30 Kohinoor Spinning Mills Limited(KOSM)	5.73 ▲ 0.77 (15.52%)
Lse Spac-I Ltd. / Sep 30 Lse Spac-I Limited(SPAC1)	20.41 ▲ 1.86 (10.03%)
Tri-Star Mutual / Sep 30 Tri-Star Mutual Fund Limited(TSMF)	16.57 ▲ 1.51 (10.03%)
Sindh Modaraba / Sep 30 Sindh Modaraba(SINDM)	33.28 ▲ 3.03 (10.02%)
Ghazi Fabrics / Sep 30 Ghazi Fabrics International Limited(GFIL)	26.38 ▲ 2.4 (10.01%)
Asim Textile / Sep 30 Asim Textile Mills Limited(ASTM)	113.96 ▲ 10.36 (10%)
Dadex Eternit / Sep 30 Dadex Eternit Limited(DADX)	150.32 ▲ 13.67 (10%)
First Punjab Modaraba / Sep 30 First Punjab Modaraba(FPJM)	29.04 ▲ 2.64 (10%)
Oilboy Energy / Sep 30 Oilboy Energy Limited(OBOY)	18.59 ▲ 1.69 (10%)

Stock	Price
Ashfaq Textile / Sep 30 Ashfaq Textile Mills Limited(ASHT)	50.57 ▼ -5.62 (-10%)
Ghani Chemworld Limited(PRS) / Sep 30 Ghani Chemworld Limited(PRS)(GCWLPRS)	118.83 ▼ -13.16 (-9.97%)
Burj Clean Energy Modaraba / Sep 30 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	11.25 ▼ -1.15 (-9.27%)
The Thal Ind.Corp. / Sep 30 The Thal Industries Corporation Limited(TICL)	918.13 ▼ -92.07 (-9.11%)
Pakistan Services / Sep 30 Pakistan Services Limited(PSEL)	1,019.63 ▼ -99.15 (-8.86%)
Mandviwala / Sep 30 Mandviwala Mauser Plastic Industries(MWMP)	77.07 ▼ -7.14 (-8.48%)
S.G.Power / Sep 30 S.G. Power Limited(SGPL)	23.41 ▼ -1.84 (-7.29%)
D.M. Corporation / Sep 30 D.M. Corporation Limited(DMC)	165.33 ▼ -11.63 (-6.57%)
Cordoba Logistics / Sep 30 Cordoba Logistics & Ventures Limited(CLVL)	28.32 ▼ -1.94 (-6.41%)
EMCO Industries / Sep 30 Emco Industries Limited(EMCO)	32.10 ▼ -1.93 (-5.67%)

Stock	Volume
Pak Int.Bulk / Sep 30 Pakistan International Bulk Terminal(PIBTL)	73,446,994 ▲ 0.11
Kohinoor Spinning / Sep 30 Kohinoor Spinning Mills Limited(KOSM)	58,387,095 ▲ 0.77
Tasdeeq Info. Serv. / Sep 30 Tasdeeq Information Services Limited(TISL)	50,882,891 ▼ -0.09
Cnergyico PK / Sep 30 Cnergyico PK Limited(CNERGY)	28,308,841 ▲ 0.03
D.S. Ind. Ltd. / Sep 30 D.S. Industries Limited(DSIL)	21,823,804 ▲ 1.27
Arif Habib Corp / Sep 30 Arif Habib Corporation Limited(AHCL)	17,873,579 ▲ 0.1
Pak Refinery / Sep 30 Pakistan Refinery Limited(PRL)	17,817,038 ▲ 0.45
WorldCall Telecom / Sep 30 Worldcall Telecom Limited(WTL)	17,431,935 ▼ -0.01
S.G.Power / Sep 30 S.G. Power Limited(SGPL)	16,575,953 ▼ -1.84
F. Nat.Equities / Sep 30 First National Equities Limited(FNEL)	14,238,200 ▲ 0

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