This October, we’re bringing an exclusive shopping event to Prime members—Prime Big Deal Days!
, Doug Herrington, CEO of Worldwide Amazon Stores, via LinkedIn.
I’m really excited for Prime members to discover some of Amazon’s best deals of the season across 19 countries including Australia, Austria, Belgium, Brazil, Canada, China, France, Germany, Italy, Japan, Luxembourg, Netherlands, Poland, Portugal, Singapore, Spain, Sweden, the U.S. and the U.K. , Doug Herrington, CEO of Worldwide Amazon Stores, via LinkedIn.
We’ll share more details
soon as we get closer to the event.
I can’t wait to give our Prime members access to exclusive
early savings this season, Doug Herrington, CEO of Worldwide Amazon Stores, via LinkedIn.
Exact dates have yet to be announced.
Prime Day was first launched
in 2015, CNBC reports.
The most recent 48-hour
event was held in July.
It increased online sales in the U.S.
by 6.1%, Adobe Analytics reports.
.
Last year, Amazon held two other shopping events in addition to Prime Day.
This year's sequel to Prime Day comes as retailers brace for a lackluster holiday season.
According to a CNBC Supply Chain Survey,
two-thirds of retailers expect that consumers will be looking for discounts, while 71% think shoppers won't spend as much because of inflation
Red Lobster Announces, Nearly 100 Locations , Will Be Shut Down.
NBC reports that approximately 99 Red Lobster locations
will be auctioned off as the seafood chain faces
questions regarding the company's long-term future.
Founder and CEO of the liquidation firm TAGeX Brands,
Neal Sherman, said he would lead the closure of over
50 locations in a May 13 LinkedIn post.
Sherman said equipment from the
locations will be auctioned off.
Locations will reportedly be closed across
the United States, including Denver,
Indianapolis, California and New York.
On May 14, Restaurant Business Magazine reported
a total of 99 locations would close, representing
about 15% of the company's 700 locations. .
NBC reports that the largest seafood
restaurant in the U.S. has struggled with debt,
unfavorable leases and executive turnover.
The chain's troubles also stem from ill-advised
strategies like an all-you-can-eat-shrimp promotion
in 2023 that resulted in a significant loss.
Earlier in 2024, the chain's largest investor,
Thai Union, announced that it would
seek to exit its position. .
The combination of Covid-19 pandemic,
sustained industry headwinds, higher
interest rates and rising material and
labor costs have impacted Red Lobster,
resulting in prolonged negative
financial contributions to
Thai Union and its shareholders, Thiraphong Chansiri, Thai Union Group’s CEO, via NBC.
After detailed analysis, we have
determined that Red Lobster’s
ongoing financial requirements
no longer align with our capital
allocation priorities and
therefore are pursuing an exit
of our minority investment, Thiraphong Chansiri, Thai Union Group’s CEO, via NBC
Credit: Wibbitz Top Stories Duration: 01:31Published
An Amazon worker tried to shoot his coworker this week in Ohio ... but, somehow he missed at point-blank range -- which all ended in tragedy when he was gunned.. TMZ.com
Reba McEntire is set to host the 59th ACM Awards this week on Amazon's Prime Video. The iconic singer spoke to THR all about her big return to Country Music's Party of the Year, new music, her new TV show, 'Reba' hitting Netflix and much more ahead of the ceremony that streams live on Thursday, May 16.
Credit: The Hollywood Reporter Duration: 03:09Published
The 'Legally Blonde' prequel series is officially a go at Amazon! Original 'Legally Blonde' star Reese Witherspoon was on deck to announce a series order for the show during Amazon's first-ever upfront presentation. The actress is set to executive produce the show from creator Laura Kittrell. The show, titled 'Elle,' will tell the origin story of Elle Woods as a 1990s high schooler.
Credit: The Hollywood Reporter Duration: 01:14Published
We're getting a first look at season 2 of 'The Lord of The Rings: The Rings of Power.' Prime Video dropped a teaser trailer, premiere date and story description for the sophomore season of its 'Lord of the Rings' drama series during Amazon's inaugural upfront presentation in New York City. The season will return fans to J.R.R. Tolkien's Second Age, and promises to show "the ascending evil presence of Sauron as he continues his vengeful quest for complete power."
Credit: The Hollywood Reporter Duration: 01:20Published
Indian Army colonel Waibhav Anil Kale killed in Gaza. Survived by wife and children in Pune. Attacked in Khan Younis en route to European Hospital in Rafah... IndiaTimes
Hims and Hers , to Offer Weight Loss Injections.
GLP-1 medications like Ozempic and Wegovy have become increasingly popular.
However, the market has faced some supply constraints recently because of that popularity.
On May 20, Hims & Hers Health announced that it will be providing access to compounded GLP-1 weight loss injections, CNBC reports. .
Company shares jumped over 30%
following the announcement.
Compounded versions of medications are created
by certain manufacturers who meet FDA requirements when there are medication shortages.
However, the products are not tested
for safety and efficacy by the FDA.
The new offering of compounded GLP-1 medications can be accessed by getting a prescription from a health care provider on the Hims & Hers site.
Branded GLP-1 injections will be made available
once the supply becomes more consistent.
The price for compounded injections will
start at $199 per month, CNBC reports. .
Prior to announcing its GLP-1 offerings,
Hims & Hers revealed in an earnings report...
... that it anticipates its weight loss
program to garner over $100 million
worth of revenue by December 2025.
Hims & Hers CEO Andrew Dudum said that he is "confident" that a steady supply of the compounded injections will be available for customers.
We have a certain degree of
exclusivity with that facility that
will guarantee our consumers
consistent volume and supply, Hims & Hers CEO Andrew Dudum, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
Key Federal Reserve Inflation Gauge , Rose 2.8% in March.
According to Commerce Department
data released on April 26.
the personal consumption expenditures
(PCE) price index, not including food or energy, rose 2.8% year-over-year in March. .
That exceeded Dow Jones
estimates of 2.7%, CNBC reports. .
When also accounting for food and energy, the all-items PCE measure rose 2.7%,
which was above the 2.6% estimate.
Inflation reports released this morning
were not as a hot as feared, , George Mateyo, chief investment officer at Key Wealth, via CNBC.
... but investors should not get
overly anchored to the idea that
inflation has been completely
cured and the Fed will be cutting
interest rates in the near-term, George Mateyo, chief investment officer at Key Wealth, via CNBC.
The prospects of rate cuts remain,
but they are not assured, and the
Fed will likely need weakness in
the labor market before they
have the confidence to cut, George Mateyo, chief investment officer at Key Wealth, via CNBC.
Consumers continue to spend despite
higher prices, CNBC reports.
Personal spending increased 0.8% in March, while personal income rose 0.5%.
The personal saving rate dropped to 3.2% as more people are having to dip into their savings to cover the cost of living.
The Fed continues to target 2% inflation, which the core PCE has exceeded for
the last three years, CNBC reports.
Credit: Wibbitz Top Stories Duration: 01:30Published
Netflix Exceeds Earnings Estimates , As Subscribers Increase.
Netflix Exceeds Earnings Estimates , As Subscribers Increase.
Netflix released a Q1 earnings report on April 18, indicating that its number of subscribers jumped 16% year-over-year to reach 269.6 million.
Analysts only expected the streamer to have about 264.2 million subscribers, CNBC reports. .
The company also brought in $9.37 billion in revenue versus analysts' expectations of $9.28 billion. .
However, Netflix said that its membership numbers are no longer the main factor contributing to the company's growth.
As a result, the company will stop providing "quarterly membership numbers or average revenue per user" beginning in 2025, CNBC reports. .
Instead, it will divulge "major subscriber milestones as we cross them.".
Price hikes, terminating password sharing
and offering an ad-supported tier are all tactics that have boosted revenue.
Netflix is also seeking to gain traction within the video game space and recently partnered with TKO Group Holdings to offer WWE on the platform.
We’re in the very early days of
developing our live programming and
I would look at this as an expansion of
the types of content we offer, the way
we expanded to film and unscripted and
animation and most recently games, Ted Sarandos, co-CEO of Netflix, via earnings call.
We believe that these kind of event cultural
moments like the Jake Paul and Mike Tyson
fight are just that kind of television, and we
want to be part of winning over those
moments with our members as well, so that
for me is the excitement part of this, Ted Sarandos, co-CEO of Netflix, via earnings call.
As of the morning of April 18,
Netflix's stock was up 27%
Credit: Wibbitz Top Stories Duration: 01:30Published
Google Fires Employees , for Protesting Israel Contract.
28 Google workers have been fired for protesting
a $1.2 billion contract that the company has with
the Israeli government and military to provide
cloud and AI services, NBC News reports. .
The firings follow an April 16 sit-in at
Google's offices in California, New York and Seattle in which nine workers were arrested.
The group that coordinated the demonstration
is known as No Tech for Apartheid. .
Google issued a statement about the recent firings.
A small number of employee
protesters entered and disrupted
a few of our locations. , Google spokesperson, via statement.
Physically impeding other employees’
work and preventing them from
accessing our facilities is a clear
violation of our policies, and
completely unacceptable behavior. , Google spokesperson, via statement.
We have so far concluded
individual investigations that
resulted in the termination of
employment for 28 employees,
and will continue to investigate
and take action as needed, Google spokesperson, via statement.
No Tech for Apartheid claims that the
workers were fired "indiscriminately.".
This excuse to avoid confronting
us and our concerns directly,
and attempt to justify its illegal,
retaliatory firings, is a lie, No Tech for Apartheid, via statement.
Meanwhile, many of Google's workers have
reportedly quit after experiencing "mental health consequences of working at a company that is using their labor to enable a genocide," No Tech for Apartheid said.
On a personal level, I am opposed
to Google taking any military
contracts — no matter which
government they’re with or what
exactly the contract is about. , Cheyne Anderson, a Google Cloud software engineer based
in Washington who was arrested during a sit-in, to CNBC
Credit: Wibbitz Top Stories Duration: 01:31Published
Amazon Cuts Hundreds , of Cloud Computing Jobs.
An Amazon Web Services (AWS)
spokesperson issued a statement about
the job cuts on April 3, CNBC reports. .
We’ve identified a few targeted areas of
the organization we need to streamline
in order to continue focusing our efforts
on the key strategic areas that we
believe will deliver maximum impact, AWS spokesperson, via statement.
We didn’t make these decisions
lightly, and we’re committed
to supporting the employees
throughout their transition to new
roles in and outside of Amazon, AWS spokesperson, via statement.
Cuts are being made to the store technology division “as a result of a broader strategic shift in the use of some applications in Amazon’s owned as well as in third-party stores,” the spokesperson said.
The layoffs come after Amazon announced that it was ending its Just Walk Out technology in Fresh stores.
The cashierless technology is overseen
by teams within the AWS unit. .
Beginning in 2022, Amazon started
its largest layoffs in history by letting
go of 27,000 roles company-wide. .
So far in 2024, the retail behemoth has cut jobs at Audible, Buy with Prime, Prime Video, MGM Studios and Twitch, CNBC reports. .
This latest round of cuts will
allow U.S. employees to collect pay
and benefits for a minimum of 60 days.
They will also be offered a severance package.
Credit: Wibbitz Top Stories Duration: 01:30Published
Great Britain have ended their losing streak at the Ice Hockey World Championship by winning their final group A game 4-2 victory over Austria. BBC Sport
Austrian Chancellor Karl Nehammer has lauded the UK as a "pioneer" of migration policy, citing its plan to deport illegal migrants to Rwanda, as UK PM Rishi Sunak visits Vienna on Tuesday.
Credit: euronews (in English) Duration: 01:11Published
Rishi Sunak, prime minister, politics, government, Austria, Europe, foreign politics
Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Prime Minister Rishi Sunak arrives in Austria to hold talks with the country's leader about illegal migration. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Prime Minister Rishi Sunak and his Austrian counterpart Karl Nehammer have committed to tackling illegal migration, which he described as a 'defining issue of our time'. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
With the Iranian President Ebrahim Raisi’s tragic demise, a lot is expected to change especially given the current geopolitical situation. Oneindia News talks to Ambassador K. P. Fabian, who served in the Indian Foreign Service between 1964 and 2000, during which time he was posted to Madagascar, Austria, Iran, Sri Lanka, Canada, Finland, Qatar, and Italy. He talks about how Raisi’s death would change Iran and Moscow’s relation and more. Watch
#EbrahimRaisi #KPFabian #RaisiDeath #CrashSite #Visuals #RescueEfforts #HelicopterCrash #IranianTragedy #BreakingNews #IranianPresident #Investigation #Condolences #NationalMourning #NewsUpdate #EmergingDetails #VideoFootage
~HT.99~PR.152~ED.155~
About 1,000 demonstrators voiced concern about the rise of ultra conservative ideology in Europe, as right-wing leaders and politicians from countries including Argentina, France, Italy, and Hungary, took part in the Europa Viva 24 conference in Madrid, organised by Spain's conservative VOX party.
Credit: euronews (in English) Duration: 01:10Published
Italy's Filippo Ganna claims his first Giro d'Italia victory since 2021 in the individual time trial on stage 14, as Slovenian Tadej Pogacar extends his.. BBC Sport
Ireland beat the Netherlands by one-run in a T20 international in Voorburg as both sides continue their build-up for next month’s World Cup. BBC Sport
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