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02/10/2023
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By Belle Carter
Amazon, DHL reduce cargo flights as consumer demand weakens
The Air Transport Services Group (ATSG) announced earlier this week that two of its major partners – technology and retail giant Amazon and logistics firm DHL Express – are reducing flight schedules for their contracted fleets in response to weaker e-commerce demand. ATSG provides aircraft leasing and outsourced transportation services for cargo customers. While it issued an outlook for […]
12/01/2022
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By Arsenio Toledo
Tech layoffs nearing levels not seen since the Great Recession
The number of people fired from Big Tech companies this year is nearing annual levels not seen since the Great Recession. The worsening economic situation in the United States has made Big Tech companies turn to mass layoffs as a way of making sure their profit margins remain stable. In November alone, more than 50,000 workers […]
11/23/2022
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By Belle Carter
Japan’s central bank won’t hike interest rates amid highest inflation in 40 years
The Bank of Japan (BOJ) said it would not raise interest rates amid the Land of the Rising Sun’s 40-year-high inflation, insisting on an easy monetary policy. Reuters reported that the nationwide core consumer price index in Japan went up by 3.6 percent compared to a year earlier. It also marked the highest surge since […]
09/22/2022
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By Mary Villareal
Amazon suspends construction of new warehouses in Spain as consumer demand continues to plummet
Amazon has suspended the construction of its new warehouses in Spain until 2024. The e-commerce giant told its providers and partners that it is going to wait and see as the pandemic-driven online shopping has slowed down. However, Amazon is adamant that its commitment to Spain remains. It promised to continue on the path to fulfill its […]
09/07/2022
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By Arsenio Toledo
IMPLOSION: Amazon scraps plans to build 42 new warehouses, shuts down 2 active facilities
Amazon is abandoning plans to build 42 new warehouses all over the United States and is closing down two active facilities. The company is determined to reduce the size of its sprawling business amid slowing sales growth. MWPVL International, which tracks Amazon’s massive real estate footprint, noted that the company has either shuttered ongoing plans or […]
10/19/2020
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By Zoey Sky
Report: Amazon is “gatekeeper for e-commerce” that exploits data to compete with rivals
On Oct. 6, Tuesday, a congressional panel challenged one of Amazon’s defenses against antitrust scrutiny of its retail dominance. The panel also discussed charges about how Amazon wrongfully uses its market power. Amazon dominates U.S. e-commerce In the report, the Democratic-led House Antitrust Subcommittee disputed Amazon’s assertions that its share of total U.S. retail shopping “is the most […]
09/21/2020
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By Divina Ramirez
Pandemic profiteering: Watchdog accuses Amazon of price gouging as Bezos’ wealth soars to $200 billion
In a recent report, Washington-based consumer watchdog group Public Citizen accused major e-commerce platform Amazon of price gouging – the practice of raising prices of basic necessities during disasters – amid the ongoing coronavirus pandemic, according to Mint Press News. The report itself featured a long list of essential products that were being sold at inflated […]
11/14/2019
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By JD Heyes
Amazon now harming Americans by allowing Chinese manufacturers to sell harmful and mislabeled products to US consumers
China’s success, which has been decades in the making, may have propelled it to the world’s second-largest economy, but increasingly it’s becoming clear Beijing’s on a roll in large part because American companies have appeased the Communist government. And generally always in a way that either harms Americans or the U.S. economy. An extensive investigation […]
09/17/2019
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By Ethan Huff
Whole Foods goes full mark of the beast with hand scan payment system
Amazon Foods, aka Whole Foods Market, is launching a new point-of-sale system that involves scanning the physical hands of customers in order to collect payment from them. Reminiscent of the mark of the beast spoken about in the Bible, this new flesh-and-blood identification technology will reportedly use vision and depth geometry biometrics to process transactions […]
04/12/2019
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By Ethan Huff
Amazon to exit collapsing liberal “sanctuary city” Seattle as drug addiction, homelessness and high business taxes make the Leftist stronghold increasingly uninhabitable
Seeing the clear writing on the wall, corporate monolith Amazon has decided to pack its bags and head for greener pastures, with recently leaked plans to completely flee its longtime hometown of Seattle by the year 2023. According to reports, the Seattle City Council’s recent attempt to impose a city-wide “head tax,” which would have […]
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