Amazon Has Signed Up an Average of 3,700 New Sellers a Day so Far in 2021
Business

Amazon Has Signed Up an Average of 3,700 New Sellers a Day so Far in 2021

If current trends hold, it is likely that Amazon will have signed up more than 1.4 million sellers on its platform by the end of the year 2021.
Biden is Supporting Amazon Workers in Alabama for Their Worker Union Vote
Business

Biden is Supporting Amazon Workers in Alabama for Their Worker Union Vote

President Biden expresses support for unionization of Amazon workers in Alabama warehouses, a movement in which the company has been actively against.
Robinhood Was Asked for $3 Billion to Cover Volatility Risk in GameStop Stock
Money

Robinhood Was Asked for $3 Billion to Cover Volatility Risk in GameStop Stock

After the company caved into the demands of the NSCC and restricted trading on so-called “volatile shares”, the amount was reduced from the initial $3 billion to $700 million.
The Pandemic is Affecting Global Supply Lines and the Costs of Shipping
Money

The Pandemic is Affecting Global Supply Lines and the Costs of Shipping

Since last year, the cost of shipping from China has increased by 80% due to pandemic-related lockdowns. At a time when consumers are much more likely to spend, supplies are not meeting demands.
Biggest US Retailers Make Their Black Friday Plans Public
Money

Biggest US Retailers Make Their Black Friday Plans Public

With in-store sales expected to drop 35% as a result of the pandemic, major retailers are prolonging the sale to last a few more days and investing heavily in online offers.
Amazon Hiring 100,000 More People in Latest Job Spree in the US
Business

Amazon Hiring 100,000 More People in Latest Job Spree in the US

The e-commerce platform has confirmed that it is opening 100 new operations sites this month, and it’s believed that most of the 100,000 employees coming on board will be deployed into these new facilities.

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