With the latest Amazon novelties fintech experts discuss whether the giant can become a new key player on the market.
Meanwhile, Oxfam revealed that across 52 countries, the average real wages of nearly 800 million workers have fallen, resulting in a combined loss of $1.5 trillion over the last two years.
For the fourth quarter that involves the key holiday season, Amazon has given its sales forecast to be between $160 billion and $167 billion.
Shortly after a trip to China, Elon Musk has become the richest person in the world as he prepares to step down from his position as Twitter CEO.
This deal will help Amazon expand its footprint in the healthcare market. Amazon CEO Andy Jassy said that the healthcare industry is set for a disruption amid the complexities of primary care and longer appointment times.
Even after losing his position as the world’s richest man in the world among other billionaires, Elon Musk is still the richest in America.
Musk has been the world’s wealthiest man since September 2021, when he knocked off Amazon CEO Jeff Bezos.
In the past ten years, Jeff Bezos has spent about 8% of his current net worth on charity. His charity expenditure includes his $10 billion Earth Fund and a $200 million gift to Smithsonian National Air and Space Museum.
E-commerce giant Amazon becomes the first publicly-traded company to lose $1 trillion in stock value amid economic recession.
Amazon seeks to boost additional sales by floating two Prime shopping events in 2022, the second of which will take place in Q4.
Earlier, Jeff Bezos also accused Biden of spreading disinformation. It followed the president’s proposal to reduce inflation by ensuring “the wealthiest corporations pay their fair share” that he shared on Twitter.