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Zara Founder Buys $245 Million Amazon Logistic Center

Spanish retail company Zara founder Amancio Ortega has purchased an Amazon Logistics Center in Dublin, Ireland for 225 million euros ($245 million), his investment firm Pontegadea confirmed. This is Ortega's first logistics real estate investment in Ireland. The investment house did, however, buy a...

iRobot Stock Plunges Amid EU Commission Expresses Concerns About Amazon Takeover

After significant gains last week, the stocks of iRobot Corporation dropped almost 17% on Monday. This is a result of concerns that the European Commission expressed about a $1.4 billion deal that will see Amazon taking over the robot vacuum cleaner manufacturer. EU antitrust regulators...

Nasdaq Futures Plunge 1% Following Disappointing Earnings

Futures listed on the tech-heavy Nasdaq Composite index fell by about 1% during early trading on Thursday following a wave of weaker-than-expected company earnings. Meta Inc. stocks fell by 4% during pre-market trading after the company admitted that it's facing an uncertain economic environment,...

Amazon, Exxon Hydrogen to Receive Piece of $7 Billion U.S. Funds

Amazon and Exxon Mobil are among the countries set to receive a portion of $7 billion in U.S. government funding as the nation looks to become a world leader in hydrogen energy. President Joe Biden and Energy Secretary Jennifer Granholm announced this initiative at...

Amazon Offers Free Grocery Delivery for Orders Exceeding $100

Online retail giant Amazon.com has lowered its threshold for free grocery deliveries in an effort to boost its food business. The company is now offering free deliveries to customers who spend $100 or more on groceries, lowering its threshold from a previous level of...

Amazon Stock Jumps Amid Strong Q2 Earnings

Shares in Amazon surged by 7% during after-hours trading on Thursday night after the eCommerce and cloud computing giant outperformed analysts' expectations in its second-quarter financial results. Net sales for the three months ending June was $134.38 billion, exceeding analysts' expectations of $131.63 billion with...