Category: Business

Amazon to spend $800 million this quarter to make free one-day shipping the default for Prime members – CNBC

Amazon Fresh grocery delivery truck from the Amazon Prime service parked on a suburban street in San Ramon, California, July 5, 2018.

Amazon is making one-day shipping the standard for Prime members. Chief Financial Officer Brian Olsavsky said on the company’s first-quarter earnings call on Thursday that it plans to shorten the current two-day default free shipping plan by one day for Prime members. “We’re currently working on evolving our prime free two-day shipping program to be […]

Amazon Prime two-day shipping will go down to one day – CNET

Amazon Prime two-day shipping will go down to one day - CNET

AP Images for Amazon Two-day unlimited shipping is likely Amazon’s most popular perk for its Prime members, and it’s about to get even better. Amazon finance chief Brian Olsavsky said on an earnings call Thursday that the company is working to change the two-day shipping program to just one-day shipping.  He said Amazon is already […]

Amazon says it’s working on free one-day Prime shipping – The Verge

Amazon says it’s working on free one-day Prime shipping - The Verge

Amazon revealed today that it’s working to offer free one-day shipping as the default for Amazon Prime customers, instead of the free two-day Prime shipping primarily offered today. “We’re currently working on evolving Prime two-day to Prime one-day,” says chief financial officer Brian Olsavsky during the company’s first quarter 2019 earnings call. The new free […]

Amazon smashes earnings expectations – CNBC

Amazon.com founder and CEO Jeff Bezos

Amazon reported first-quarter earnings on Thursday that reflected an ongoing change at the company: less growth but fatter profit margins. Despite the huge beat in earnings, Amazon stock is up just 1% in after hours trading, as second-quarter operating profit guidance came below street estimates. Here are the most important numbers: EPS: $7.09 vs. $4.72, […]

Elon Musk blasted by ‘The Office’ star Rainn Wilson for not giving credit for ‘quiet’ leaf blower idea – Fox Business

Elon Musk blasted by 'The Office' star Rainn Wilson for not giving credit for 'quiet' leaf blower idea - Fox Business

Tesla CEO Elon Musk touts robot cars amid sales slump FoxNews.com columnist Liz Peek, FBN’s Kristina Partsinevelos, Capitalist Pig hedge fund manager Jonathan Hoenig and Kaltbaum Capital Management President Gary Kaltbaum discuss the problems surrounding Tesla ahead of its earnings release. “The Office” star Rainn Wilson isn’t a big fan of Tesla CEO Elon Musk — […]

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