Amazon stocks drop as President Trump slams online retailer

Amazon stocks drop as President Trump slams online retailer:

AMAZON shares have fallen after US President Donald Trump again attacked the online retailer, while the Dow Jones has taken a tumble in response to the US-China trade war.

AMAZON shares fell 4 per cent on Monday after US President Donald Trump again attacked the online retailer over the pricing of its deliveries through the United States Postal Service and promised unspecified changes.

“Only fools, or worse, are saying that our money losing Post Office makes money with Amazon,” Trump tweeted.

“They lose a fortune, and this will be changed. Also, our fully tax paying retailers are closing stores all over the country … not a level playing field!”

H/t reader kevin a.

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UPS, FedEx Sink As Bezos Launches “Shipping With Amazon”

UPS, FedEx Sink As Bezos Launches “Shipping With Amazon”:

…the e-commerce behemoth announced today that it will launch a “Shipping with Amazon” service that will entail the shipping giant picking up packages from businesses and shipping them to consumers…

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Amazon patents bracelet to control its workers

Amazon patents bracelet to control its workers:

Amazon will use the bracelet to monitor workers’ movement in its storage facilities.

Amazon, bracelet and control are three words that when used in the same sentence can give goosbumps to any of its workers.

The company of Jeff Bezos has reaped a little grateful fame for its policy of personnel management and recent news about Amazon’s initiative to control its workers via a mandatory bracelet unleashed the alert to a possible hardening of that treatment.

Read moreAmazon patents bracelet to control its workers

Amazon, Berkshire And JPMorgan To Form Healthcare Company “Free From Profit-Making Incentives”

Amazon, Berkshire And JPMorgan To Form Healthcare Company “Free From Profit-Making Incentives”:

In a move that might explain why Amazon has been quietly acquiring pharmacy licenses (not to mention hitting daily all time highs) the e-commerce giant – along with Warren Buffett’s Berkshire Hathaway and JP Morgan Chase & Co. – announced on Tuesday morning that they would partner to form a new health-care venture.

As stated in the press release, “Amazon, Berkshire Hathaway and JPMorgan Chase & Co. announced today that they are partnering on ways to address healthcare for their U.S. employees, with the aim of improving employee satisfaction and reducing costs. The three companies, which bring their scale and complementary expertise to this long-term effort, will pursue this objective through an independent company that is free from profit-making incentives and constraints. The initial focus of the new company will be on technology solutions that will provide U.S. employees and their families with simplified, high-quality and transparent healthcare at a reasonable cost.”

Read moreAmazon, Berkshire And JPMorgan To Form Healthcare Company “Free From Profit-Making Incentives”