SEATTLE (AP) — Amazon founder and CEO Jeff Bezos said Thursday that he is giving $2 billion to start a fund that will open preschools in low-income neighborhoods and give money to nonprofits that helps homeless families.
Bezos, whose stake in Amazon is worth about $160 billion, says that he'll call it the Bezos Day One Fund. An Amazon.com Inc. spokeswoman confirmed that the money will all come from Bezos, though there are few details about how the fund will operate.
NEW YORK (AP) — Amazon wants you to deliver its packages for them.
The online retailer launched a new program this week that helps people in the United States start their own businesses delivering Amazon packages. The move gives Amazon another way to ship its packages to shoppers besides relying on UPS, FedEx and other package delivery services.
NEW YORK (AP) — Shoppers will be able to buy any brand of tires on Amazon.com, have them shipped to a Sears Auto Center and then bring in their car to get them installed.
It's the latest deal between Sears and Amazon as the struggling department store operator seeks to boost sales. Last year, Amazon began selling Sears's Kenmore brand of ovens, washers and other appliances.
The Dow Jones industrial average busted through the 20,000 point mark a year ago Thursday, and the century-old index has continued to set records since then, going faster and farther than most experts expected.
The Dow is made up of just 30 stocks that are considered icons of U.S. industry. Many have put up big gains over the last year, but a handful of them have contributed more than half of the 6,000 points the Dow has added in the last year.
SEATTLE (AP) — No cashiers, no registers and no cash — this is how Amazon sees the future of store shopping.
The online retailer opened its Amazon Go concept to the public Monday in Seattle, which lets shoppers take milk, potato chips or ready-to-eat salads off its shelves and just walk out. Amazon's technology charges customers after they leave.
"It's such a weird experience, because you feel like you're stealing when you go out the door," said Lisa Doyle, who visited the shop Monday.
NEW YORK (AP) — Target plans to boost its same-day delivery capability by paying $550 million for Shipt, its latest move to try to catch up with Amazon.
NEW YORK (AP) — Amazon goes into the holiday season with a newly magnified brick-and-mortar presence, giving it more opportunities to sell its Kindle e-readers, Fire tablets and other gadgets.
NEW YORK (AP) — Amazon will be sorting through 238 proposals from cities and regions in the United States, Canada and Mexico that are hoping to land the company's second headquarters and the investment it'll bring.
NEW YORK (AP) — Online sales have divided retailers into two camps: the quick and the dead.
To that end, Walmart is altering its policies to speed returns, even it means that nothing is returned at all in some cases.
Starting next month through Walmart's app, customers will be able to scan goods they no longer want with their own smartphone and drop it off at a customer service desk.
Walmart's Jet.com will launch a higher-end grocery line targeting millennials, just over a year after Walmart spent more than $3 billion for the fast-growing online retailer amid more intense competition from Amazon.