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Amazon


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Just Eat Takeaway teams up with Amazon in Germany, Austria, Spain

Just Eat Takeaway teams up with Amazon in Germany, Austria, Spain June 19 (Reuters) - Europe's biggest food delivery firm Just Eat Takeaway TKWY.AS said on Wednesday it has struck a deal to offer Amazon Prime AMZN.O members in Germany, Austria and Spain free delivery of food orders above 15 euros ($16.13). Just Eat said there were no financial terms to the partnership which it deemed "mutually beneficial" for both companies.
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What are EV startups doing to ride out weak demand?

FACTBOX-What are EV startups doing to ride out weak demand? Adds Fisker details June 18 (Reuters) - Fisker filed for bankruptcy protection on Monday, the latest electric-vehicle startup to succumb to fundraising difficulties, slow sales, as well as supply chain and distribution challenges. Demand has been weak for Fisker's flagship Ocean electric SUV.
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S&P 500, Nasdaq hit record highs on AI momentum, Dow edges up after weak retail sales

US STOCKS-S&P 500, Nasdaq hit record highs on AI momentum, Dow edges up after weak retail sales U.S. retail sales rise less than expected in May Lennar drops as home delivery forecast disappoints Citigroup hikes S&P 500 year-end target to 5,600 points Indexes up: Dow 0.15%, S&P 0.25%, Nasdaq 0.03% Updates with more closing data By Echo Wang June 18 (Reuters) - The S&P 500 and Nasdaq closed at record highs on Tuesday, buoyed by Nvidia's continued surge to new peaks, while the Dow ended barely hig
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Amazon fined $5.9 million over warehouse worker quotas in California

Amazon fined $5.9 million over warehouse worker quotas in California By Daniel Wiessner June 18 (Reuters) - Amazon.com AMZN.O has been fined $5.9 million by a California labor regulator who says the online retail giant failed to properly inform workers of productivity quotas at two warehouses, including one where some workers are trying to unionize. The office of California Labor Commissioner Lilia Garcia-Brower announced the fines, which were issued in May, on Tuesday.
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S&P 500, Nasdaq ride AI wave to end at record highs; Dow flat on weak retail sales

US STOCKS-S&P 500, Nasdaq ride AI wave to end at record highs; Dow flat on weak retail sales U.S. retail sales rise less than expected in May Lennar drops as home delivery forecast disappoints Citigroup hikes S&P 500 year-end target to 5,600 points Updates to 4:00 p.m. EDT By Echo Wang June 18 (Reuters) - The S&P 500 and Nasdaq closed at record highs on Tuesday as Nvidia extended its surge to new peaks, while the Dow was barely changed in pre-holiday trading following softer-than-expected U.S.
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Amazon aggregator Thrasio emerges from bankruptcy, appoints new CEO

UPDATE 1-Amazon aggregator Thrasio emerges from bankruptcy, appoints new CEO Adds details and background in paragraphs 2-5 June 18 (Reuters) - Amazon aggregator AMZN.O Thrasio said on Tuesday it has emerged from the Chapter 11 bankruptcy and appointed Stephanie Fox as its chief executive officer. Fox, previously the company's chief operating officer, would succeed Greg Greeley, who would step down from the position after the company completes its global restructuring.
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Amazon-aggregator Thrasio emerges from bankruptcy, appoints CEO

Amazon-aggregator Thrasio emerges from bankruptcy, appoints CEO June 18 (Reuters) - Amazon-aggregator AMZN.O Thrasio said on Tuesday it has emerged from the Chapter 11 bankruptcy and appointed Stephanie Fox as chief executive officer. Reporting by Zaheer Kachwala in Bengaluru; Editing by Shilpi Majumdar
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Wall Street unchanged after weak retail sales data

US STOCKS-Wall Street unchanged after weak retail sales data U.S. retail sales rise less than expected in May Lennar drops as home delivery forecast disappoints Citigroup hikes S&P 500 year-end target to 5,600 points Indexes: Dow up 0.04%, S&P up 0.18%, Nasdaq flat As of 2:51 pm EDT By Echo Wang June 18 (Reuters) - Wall Street's main indexes were barely changed on Tuesday in subdued pre-holiday trading as investors focused on softer-than-expected U.S.
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What are EV startups doing to ride out weak demand?

FACTBOX-What are EV startups doing to ride out weak demand? Updates throughout June 18 (Reuters) - U.S. electric vehicle startups are turning to cheaper models, slamming the brakes on their production ramp-up plans and laying off employees to navigate a slump in demand due to steep borrowing costs and high repair expenses for the vehicles. F isker filed for bankruptcy protection on Monday, becoming the latest electric-vehicle startup to succumb to fundraising difficulties, production hurdles and
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Dow, S&P 500 edge higher after soft retail sales data; eyes on Fed speakers

US STOCKS-Dow, S&P 500 edge higher after soft retail sales data; eyes on Fed speakers For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. U.S. retail sales rise less than expected in May Lennar drops as home delivery forecast disappoints Citigroup hikes S&P 500 year-end target to 5,600 points Indexes: Dow up 0.03%, S&P up 0.12%, Nasdaq down 0.11% Updated at 11:55 a.m.
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HPE CEO unveils 'simple' AI hardware aimed to help businesses

HPE CEO unveils 'simple' AI hardware aimed to help businesses By Max A. Cherney June 18 (Reuters) - Hewlett Packard Enterprise HPE.N CEO Antonio Neri pitched a new line of hardware, software and services to businesses interested in deploying various forms of artificial intelligence at its Las Vegas conference on Tuesday. Since the launch of OpenAI's ChatGPT in 2022, businesses of all sizes have been scrambling to develop and incorporate AI, to do things such as make further use of the vast amoun
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S&P 500, Dow rise after soft retail sales data; eyes on Fed speakers

US STOCKS-S&P 500, Dow rise after soft retail sales data; eyes on Fed speakers For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window U.S. retail sales rise less than expected in May Lennar drops as home delivery forecast falls short of estimates Citigroup hikes S&P 500 year-end target to 5,600 points Indexes: Dow up 0.23%, S&P up 0.18%, Nasdaq flat Updated at 9:46 a.m.
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Amazon's Blink Announces Blink Moments

BRIEF-Amazon's Blink Announces Blink Moments June 18 (Reuters) - Amazon.com Inc AMZN.O : BLINK: ANNOUNCED BLINK MOMENTS, NEW VIDEO VIEWING EXPERIENCE THAT AUTOMATICALLY COMBINES CLIPS CAPTURED ACROSS BLINK CAMERAS INTO STREAMLINED VIDEO Source text for Eikon: ID:nBw6vhhX7a Further company coverage: AMZN.O
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Amazon Labor Union votes to ratify Teamsters affiliation

Amazon Labor Union votes to ratify Teamsters affiliation June 18 (Reuters) - Amazon Labor Union members have voted to affiliate with the International Brotherhood of Teamsters, according to a joint statement on Tuesday, the latest sign that unionization efforts were picking up at the e-commerce giant. ALU, the only union formally representing Amazon.com's AMZN.O warehouse workers in the United States, had agreed to join Teamsters earlier this month, pending a vote by its members.
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Amazon Pharmacy expands $5 monthly subscription to Medicare patients

Amazon Pharmacy expands $5 monthly subscription to Medicare patients June 18 (Reuters) - Amazon.com's AMZN.O pharmacy unit said on Tuesday it is expanding eligibility for its monthly subscription service, which covers a range of generic drugs, to those enrolled in government-backed Medicare insurance plans. Amazon has worked to lure customers away from more established pharmacies like CVS CVS.N and Walgreens WBA.O since launching its pharmacy unit in 2020. With the expansion, Amazon said over 50
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Amazon Pharmacy Expands $5 Monthly Subscription To Medicare Patients

BRIEF-Amazon Pharmacy Expands $5 Monthly Subscription To Medicare Patients June 18 (Reuters) - Amazon Pharmacy: RXPASS FROM AMAZON PHARMACY EXPANDS ACCESS TO PRIME MEMBERS ON MEDICARE RXPASS NOW OFFERS PRIME MEMBERS ON MEDICARE UNLIMITED ACCESS TO 60 ELIGIBLE PRESCRIPTION MEDICATIONS FOR $5 A MONTH Source text for Eikon: [ID:] Further company cover
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Canada - June 18

PRESS DIGEST-Canada - June 18 June 18 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL **Canadian autonomous-vehicle company Waabi has raised $200 million in a Series B funding round, led by existing investors Uber Technologies UBER.N and Khosla Ventures, to support the rollout of its fully autonomous trucks next year.
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Goldman Sachs raises S&P 500 year-end target to 5,600

UPDATE 1-Goldman Sachs raises S&P 500 year-end target to 5,600 Updates with Evercore ISI's 2024 S&P 500 forecast in paras 9,10 June 17 (Reuters) - Goldman Sachs has raised its 2024 year-end target for the S&P 500 Index .SPX to 5,600 from 5,200, citing strong earnings growth by five mega-cap U.S. tech stocks and a higher fair value price-to-earnings ratio multiple.
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Goldman Sachs raises S&P 500 year-end target to 5,600

Goldman Sachs raises S&P 500 year-end target to 5,600 June 17 (Reuters) - Goldman Sachs has raised its 2024 year-end target for the S&P 500 Index .SPX to 5,600 from 5,200 earlier, citing strong earnings growth by five mega-cap U.S. tech stocks and a higher fair value price-to-earnings ratio multiple. Microsoft MSFT.O , Nvidia NVDA.O , Google GOOGL.O , Amazon.com AMZN.O , and Meta Platforms META.O have collectively surged by 45% and now comprise 25% of the S&P 500 equity cap, the brokerage said i
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EU cybersecurity label should not discriminate against Big Tech, European groups say

EU cybersecurity label should not discriminate against Big Tech, European groups say By Foo Yun Chee BRUSSELS, June 17 (Reuters) - A proposed cybersecurity certification scheme (EUCS) for cloud services should not discriminate against Amazon AMZN.O , Alphabet's GOOGL.O Google and Microsoft MSFT.O , 26 industry groups across Europe warned on Monday.
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