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WASHINGTON—President Donald Trump has fired a warning shot at Amazon Inc. over the online retail giant’s practices that are driving thousands of retailers out of business as the company increases its competitive advantage through loopholes. Chief among those loopholes was Amazon’s failure in the past to collect state sales taxes. Amazon’s record on this issue […]
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Amazon didn’t pay any taxes on its $5.6 billion in earnings last year. According to the Institute on Taxation and Economic Policy (ITEP), Amazon won’t be paying taxes for 2017 because of tax credits, tax breaks, and executive stock options. The ITEP report says this follows a trend of Amazon paying almost no taxes over […]
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Its long been accepted that all six of the silky anteater populations throughout Central and South America are of the same species, but a recent study found that’s not the case. Researchers in Brazil say the various groupings represent at least seven distinct sorts. The effort leading to the new species discoveries began roughly a […]
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President Donald Trump fired a warning shot at Amazon on Friday, saying the online retail giant should pay much more to have its packages delivered. While Amazon has grown to become the dominant player in the online marketplace, reaching a market cap of nearly $600 billion, the United States Postal Service lost $5.6 billion last […]
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On June 15, a new supermarket opened in Virginia Beach, Virginia. Hundreds of shoppers were already waiting in a line that circled the parking lot—similar to a scene outside an Apple store before a new release. As soon as the doors opened, shoppers went into a frenzy, rushing inside to fill their carts with $0.83 cartons […]
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Everyone knows Amazon offers quick convenient shopping and delivery to your door. One couple got a benefit from the online retailer they’d rather have done without. An Orlando, Florida, woman and her fiancé had had good luck ordering off of Amazon, so when they needed some sealable storage bins the internet store seemed the place […]
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Amazon and its founder Jeff Bezos have been frequent targets of President Donald Trump, who calls the online retail giant a “no-tax monopoly.” On Aug. 16, Trump criticized Amazon again on Twitter, claiming the company is hurting retailers and killing jobs. “Amazon is doing great damage to tax paying retailers. Towns, cities and states throughout […]
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The golden age of traditional restaurants is coming to an end. Changes in consumer habits, the digital revolution, and the emergence of new delivery platforms have caused a seismic shift in the food service and restaurant industry in the last decade. Once popular casual-dining chains like Applebee’s, TGI Fridays, and Chili’s have been the hardest […]
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Apple and Amazon, two of the largest tech companies in the world have silently acquiesced to censorship demands of the Chinese regime’s new cybersecurity law. Amid falling sales in China—its second largest market—Apple has cut virtual private network (VPN) apps from its Chinese Apple store. The apps provided a rare window to free information for […]
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In almost every aisle of the grocery store, you can find products from the palm oil, soy, wood, and cattle industries. Together, these industries are responsible for more than a third of tropical deforestation annually, according to the non-profit organization Forest Trends. While strides have been made by all four industries toward establishing deforestation-free commodity […]
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Between the dominance of Amazon and department store chain Sears’ march towards possible bankruptcy, it’s easy to conclude that the suburban shopping malls’ days are numbered.
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An accidental typo by an Amazon employee took down a large swath of the internet on Feb. 28. Some websites reported extremely slow load times and others failed to load completely.
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Ever wonder how online retailer Amazon can compete with everybody on price? It’s not just about economies of scale. For many years, Amazon enjoyed a competitive advantage by avoiding the collection of sales tax in many U.S. states. The company became the world’s largest online retailer thanks partially to its sales tax strategy and to subsidies […]
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Amazon apparently removed hundreds of one-star ratings for Fox News host Megyn Kelly’s new book. The Los Angeles Times reported that more than 100 negative reviews of Kelly’s “Settle For More” appeared on the online retail giant’s site within hours of its release Tuesday. The newspaper reports many of the negative comments came from a […]
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LOS ANGELES—A pocket version of the U.S. Constitution has become a best-seller on Amazon.com. The 52-page pamphlet printed by the National Center for Constitutional Studies sells for $1 and was in the Top 10 best-selling books on Amazon on Saturday afternoon. The site produces an hourly list of its best sellers. The Constitution emerged as […]
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Amazon announced on July 25 that it has formed a partnership with the UK government to explore and test new drone delivery systems in the UK. The partnership is considered a breakthrough for Amazon, which has been struggling with regulatory hurdles in the United States. Amazon’s drone delivery service, known as Prime Air was first made […]
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A plethora of fintech (financial technology) startups are disrupting traditional finance by offering alternative, cheaper, and more convenient financial services. But what about established tech giants like Amazon? Can they have a significant role in disrupting the banking system? The most powerful American tech companies, GAFA (an acronym for Google, Apple, Facebook, and Amazon), also entered […]
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LOS ANGELES—Amazon founder Jeff Bezos got to live out every Trekkie’s fantasy by playing an alien in the new “Star Trek” movie. Bezos is listed in the credits for “Star Trek Beyond,” the third installment of the rebooted sci-fi franchise. In interviews Friday, producer J.J. Abrams and director Justin Lin confirmed his appearance in the […]
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The "Made in China" lithium-ion battery packs in the hoverboards may overheat and can cause the products to produce smoke, catch fire and/or explode.
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Amazon Chief Executive Jeff Bezos announced on June 7 he’ll invest another $3 billion in Amazon’s business in India. That’s on top of the $2 billion investment he already committed, Reuters reported. India is the world’s ninth largest economy, with gross domestic product lower than Italy, but higher than Russia, according to 2014 World Bank numbers. […]
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French authorities raided Google’s Paris offices looking for tax fraud or money laundering evidence, officials said on May 24.
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Amazon.com is extending their restaurant delivery service to Dallas and certain parts of New York. Starting May 17, Dallas residents can order from of over 50 restaurants. Manhattanites can choose from over 350 restaurants spanning across the borough, from Harlem to the Financial District. Additionally, Le Pain Quotidien has opted for Amazon Restaurants to be its “premier delivery […]
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"Amazon is getting away with murder, tax-wise," Trump told Fox News on May 12. "He's using The Washington Post for power so that the politicians in Washington don't tax Amazon like they should be taxed."
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Amazon launches Amazon Video Direct (AVD), a self-publishing platform for video creators on May 10, going head-to-head with YouTube and Vimeo.
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Amazon is clearly entering its Prime. Meaning, of course, its $100 annual membership program, now a decade old, which has accomplished the remarkable feat of convincing millions of people to pay an annual fee for the privilege of, well, shopping.
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The millennial generation, born between 1980 and 2000 are college educated and want to put their degrees to good use. So where do these young people most want to work? According to a survey by YouGov, an online market research firm, millennials would be proudest to work for the technology firm Google. Other tech companies […]
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American tech companies like Google, Facebook, and Amazon would be forced to disclose activities in tax havens through a new legislation that the European Commission will introduce on April 12.