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Amazon.com Inc

Wall Street tumbles as rising yields pressure growth stocks

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

Published 22 Feb, 2023 03:30am

Business & Finance

Amazon launches air freight service in India

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

Published 24 Jan, 2023 07:11am

Business & Finance

Amazon CEO says job cuts to exceed 18,000 roles

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

Published 06 Jan, 2023 05:58am

Business & Finance

Bloomberg eyes Dow Jones or Washington Post acquisition

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

Published 24 Dec, 2022 06:13am

Markets

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

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

Published 26 Jul, 2022 04:31am

Markets

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

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

Published 16 Jun, 2022 06:03am

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

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

Updated 24 Apr, 2022 09:12am

Markets

Wall St falls as tech stocks weaken on hawkish Fed minutes

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

Published 07 Jan, 2022 06:22am

Markets

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

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

Published 25 Oct, 2021 05:32am

Markets

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

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

Published 19 Oct, 2021 03:52am

Markets

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

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

Published 28 Sep, 2021 05:12am

Markets

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

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

Published 06 Sep, 2021 06:14am

Business & Finance

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

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

Published 30 Aug, 2021 06:33am

Business & Finance

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

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

Published 05 Jul, 2021 04:57am

Markets

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

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

Published 29 Jun, 2021 03:24am

Markets

Nasdaq hits record high as Big Tech roars back

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.

Published 22 Jun, 2021 11:39pm

Technology

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

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

Published 10 Jun, 2021 12:11pm

Markets

Monday’s early trade: Wall Street dips

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...

Published 08 Jun, 2021 04:09am

Technology

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

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.

Published 21 May, 2021 12:05pm

Markets

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

NEW YORK: The Dow Jones Industrial Average hit a record high on Monday on hopes that interest rates would remain...

Published 11 May, 2021 04:39am

Markets

Thursday’s early afternoon trade: S&P near record high; Facebook jumps, Apple slips

NEW YORK: The S&P 500 hovered near record highs on Thursday, helped by gains in Facebook and upbeat economic...

Published 30 Apr, 2021 05:06am

Technology

Amazon Revolutionizes Grocery Shopping with Automated Checkout Technology

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

Updated 22 Apr, 2021 07:51pm

Business & Finance

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

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.

Published 03 Apr, 2021 06:10pm

Markets

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

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

Published 24 Feb, 2021 05:24am

Business & Finance

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

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.

Updated 17 Feb, 2021 06:27pm

Business & Finance

Amazon to make TV streaming device in India

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.

Published 16 Feb, 2021 05:45pm

World

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

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.

Published 12 Feb, 2021 05:56pm

Business & Finance

Amazon, Ferragamo sue several firms, people over counterfeit products

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.

Updated 11 Feb, 2021 09:25pm

Business & Finance

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

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.

Updated 11 Feb, 2021 09:25pm

World

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

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.

Published 08 Feb, 2021 06:57pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 31	278.42
USD PKR Interbank Buying / May 31	278.22
USD to Japanese Yen / May 31	157.31
USD to Swiss Franc / May 31	0.90
Pound Sterling to USD / May 31	1.27
Euro to USD / May 31	1.08

Stock	Volume
S&P 500 / May 31	5277.51
India Sensex / May 31	73961.31
Tokyo Nikkei / May 31	38487.90
Nasdaq / May 31	16735.02
Hang Seng / May 31	18079.61
FTSE 100 / May 31	8275.38
Dow Jones / May 31	38686.32
Germany DAX 30 / May 31	18497.94

Item	Value
Crude Oil USD/Barrel / May 31	76.99
Karachi Cotton PKR/37.32 KG / May 31	19935
Gold 10 Grams PKR / May 31	207219
Gold Spot USD/Ounce / May 31	2327.33
Cotton US¢/pound / May 31	75.11
Petrol/Litre / Jun 2	268.36

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 2 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 2 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 2 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 2 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 2 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 2 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 2 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 2 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 2 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 2 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 2 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 2 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 2 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 2 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 2 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 2 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 2 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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