eCommerce Daily News
May 7, 2025
Amazon’s Zoox to scale up robotaxi production in 2026 for US growth- FT
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Amazon’s Zoox to scale up robotaxi production in 2026 for US growth- FT
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Amazon’s Zoox to scale up robotaxi production in 2026 for US growth- FT
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Amazon’s Zoox to scale up robotaxi production in 2026 for US growth- FT
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Amazon: Retail giant launches free same-day delivery in Perth
Amazon Australia has launched free same-day delivery for Prime members in Perth, the second city in the country to offer this service. This is due to increased customer expectations and the opening of a new distribution center. The company plans to expand its product categories and hire 600 seasonal workers for upcoming sales events. Last year, their local Prime subscription program saw a 40% increase in sales, contributing to a record revenue of $7.7 billion.
Amazon: Retail giant launches free same-day delivery in Perth - PerthNow
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From Amazon to Fidelity, how much will Deliveroo shareholders earn from $2.9bn DoorDash deal?
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The rise of the robotaxi - self-drive cabs headed to a street near you
Self-driving taxis, or "robotaxis," are expected to be on UK streets next year, with Uber and other companies planning to bring the technology to the country. However, concerns remain about its effectiveness on winding roads. The taxi industry is expected to change significantly, with traditional companies struggling to survive. A 37-year-old entrepreneur's company, Arrivy, offers a similar service to Uber with self-employed drivers and shared rides. The UK has passed a law allowing for self-driving cars, which is expected to create jobs and improve road safety. Companies like Uber and Waymo are already offering self-driving taxi services in the US and plan to expand to the UK. Other major players in the market include Zoox and Tesla. Waymo One, a taxi service, is currently operating in several cities and plans to expand. UK start-up Wayve has partnered with Nissan to implement its AI technology in cars by 2027, with recent investments from Bill Gates.
Amazon's Zoox to scale up robotaxi production for US expansion, FT reports
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Amazon's Zoox to scale up robotaxi production for US expansion, FT reports - Reuters
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UPS to cut 98 jobs in Ohio as part of nationwide restructuring amid Amazon pullback
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EdgeRunner AI Raises $12M Series A With Support From HP, Madrona, And Alumni Ventures To Advance Air-Gapped AI For Defense
Seattle-based startup EdgeRunner AI has raised $12 million in Series A funding, bringing their total funding to $17.5 million. They specialize in on-device AI agents for military use and have partnerships with major companies. They have also been designated as an "awardable" vendor for the Department of Defense and have received industry recognition. The company is expanding its team and product development and has showcased its technology at events such as Intel's Vision event and Nvidia's AI Summit.
Lululemon in talks to nearly double size of Rittenhouse Square store
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Best stocks to buy today, 7 May: Recommended by Raja Venkatraman
Raja Venkatraman of NeoTrader suggests three stocks for May 7th amidst a struggling market. Staying informed with business and market news is crucial. Subscribe to Mint Premium and download the Mint News App for daily updates.
May 6, 2025
Jeff Bezos Says He 'Won the Lottery' With His Teen Mom—She Had Him at 17, Took Him to Night School, Then Invested Her $245K Savings In Amazon
Jeff Bezos, founder of Amazon, credits his success to his mother's sacrifices and strength in raising him as a single parent. After losing contact with his biological father, a journalist found him in 2012. Bezos pursued his vision of an online bookstore with the support of his parents, and their early investment grew into billions. The article also mentions a new med-tech company and reminds readers to trade confidently with insights and alerts from analyst ratings, free reports, and breaking news.
Numerology Today, May 7, 2025: Financial Horoscope for Numbers 1 to 9 – What the Stars Say Today
Based on your numerology number, today's financial horoscope advises focusing on long-term planning and avoiding impulsive spending. Those born on the 3rd, 12th, 21st, or 30th should prioritize stability and explore investments, while those born on the 4th, 13th, 22nd, or 31st should be cautious with expenses. People born on 5, 6, 7, 16, 25, 8, 17, and 26 should all pay attention to their finances and make wise decisions for the future. It is important to stay grounded, review and adjust financial goals, and stay updated on financial news.
Why Fabrinet Stock Flopped Today
Fabrinet's stock (FN) dropped by 7.13% on Tuesday due to underwhelming quarterly earnings, with revenue increasing by 19% but net income only marginally improving and missing analyst projections. The company's CEO noted strong performance in the telecom sector but a decline in datacom revenue. However, Fabrinet's guidance for the current quarter meets or exceeds analyst estimates, with expected growth in both revenue and net income. The company is expected to see a 14% growth in revenue and an adjusted net income of $2.55 to $2.70, which is higher than the previous quarter's $2.41. The projected revenue of $885.8 million aligns with the company's guidance, but the average analyst estimate for profitability is slightly lower at $2.54.
Here's How Much $100 Invested In Mastercard 10 Years Ago Would Be Worth Today
Mastercard has had a strong performance in the market, with an average annual return of 19.72% over the past 10 years and a current market capitalization of $507.65 billion. Investing $100 in MA stock 10 years ago would now be worth $604.18, showcasing the benefits of compounded returns. This information is from Benzinga's automated content engine and is not investment advice.
Here's How Much $1000 Invested In Targa Resources 5 Years Ago Would Be Worth Today
Targa Resources (TRGP) has had a strong performance in the market, with an annualized return of 63.71% over the past 5 years and a market capitalization of $34.13 billion. A $1000 investment in TRGP 5 years ago would now be worth $11,400, showcasing the power of compounded returns. This information is from Benzinga and is not meant as investment advice.
Banks Slash Oil Price Forecasts as OPEC Resumes Fight for Market Share - Crude Oil Prices Today | OilPrice.com
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