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NAS:AMZN, Apr 25, 02:32 UTC

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Amazon, Intel, Starbucks report — What to know in markets Thursday

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Amazon, Intel, Starbucks report — What to know in markets Thursday. Investors can expect another packed day of earnings on Thursday. Some of the most highly-anticipated reports will come after the bell. E-commerce behemoth Amazon (AMZN), chipmaker Intel (INTC) and coffee giant Starbucks (SBUX) are all scheduled to release results after the market close. Analysts are expecting Amazon to report earnings of $7.02 per share on $59.68 billion in revenue during the quarter, according to Bloomberg data.

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Amazon Confirms It Will Close Four Fulfillment Centers For Retrofitting

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Amazon.com, Inc. (NASDAQ: AMZN) will close fulfillment centers in four states to retrofit them for other purposes, a move that will displace thousands of employees, and could lead to their departure from Amazon, the company confirmed on April 23 in response to a report earlier that day that appeared on Yahoo. According to the news report, the facilities to be closed are called "Amazon Robotics Quick Deploy," which handle small items and use Kiva orange robots that move shelves of goods to human pickers. The centers, located in California, Illinois, New Jersey and Texas, will be re-designed for use as sorting centers, Amazon Fresh delivery hubs and print-on-demand book sites, according to the report. Workers could also seek opportunities at other U.S. locations or elsewhere within the company, but would have to secure a job by June 14 or they would be terminated, according to the report.

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Amazon Alexa employees can pinpoint customers' home addresses

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Staff in Romania, India, Costa Rica and the US have access to the geographic coordinates of devices that include the Alexa virtual assistant, which can be easily used to locate a user's home address. The company had denied that its employees could access any identifiable data on its users earlier this month when it emerged that staff are able to listen to Alexa recordings. A spokesperson for Amazon said: “Access to internal tools is highly controlled, and is only granted to a limited number of employees who require these tools to train and improve the service by processing an extremely small sample of interactions. “Our policies strictly prohibit employee access to or use of customer data for any other reason, and we have a zero tolerance policy for abuse of our systems.

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Does Amazon Stock Have Room to Rise Further?

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The Latest on the NASDAQ, Amazon, Samsung, and Tencent(Continued from Prior Part)Amazon stock is at a six-month high Amazon (AMZN) stock has been slowly inching up this year, and it’s currently at a six-month high. The stock is trading at $1,887.3.

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Why Kohl's Expanded Relationship With Amazon Could Be A 'Game Changer'

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Kohl's Corporation (NYSE: KSS) announced an expansion of its partnership with Amazon.com, Inc. (NASDAQ: AMZN) across 1,150 stores in the United States. Kohl's stock gained more than 10 percent after confirming its partnership expansion and the double-digit move doesn't fully incorporate the true potential, Sole said in a research report. Even though initial details are limited, the fact Amazon chose to partner with Kohl's likely implies it's a best-in-class off-mall department store. Perhaps more important, Amazon taking a stake in Kohl's would lower its need to seek out other partners to help manage returns. Kohl's made it clear in the early stages of the relationship it's only interested in an expansion if it makes economic sense for it to do so. Since the partnership will soon expand across the U.S., Sole said there is "no reason to doubt" Kohl's is benefiting financially and this deal could be a potential "game changer" in the retail space.

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3 Things to Look for in Amazon's Earnings Report

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3 Things to Look for in Amazon's Earnings Report. Anders Bylund, The Motley FoolMotley FoolApril 24, 2019, 1:33 PM GMT. E-commerce and cloud computing giant Amazon.com(NASDAQ: AMZN) is gearing up for its first-quarter earnings report, slated to drop after the closing bell on Thursday. Here's a quick overview of the three most important things Amazon will share with investors this week. The company didn't offer guidance for this metric. For what it's worth, the second quarter of 2018 saw an outflow of free cash to the tune of $4.9 billion due to seasonal effects.

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Kohl’s will now accept Amazon returns in all its stores — Quartz

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The companies didn’t specify what would be deemed ineligible, although the Verge speculates it means “no oversized items or other illogical things to push onto a store” or products from third-party Amazon sellers. The Kohl’s-Amazon partnership began in 2017, when the department store started selling Amazon-branded knick-knacks like the Fire TV and Echo Dot in some stores. Kohl’s CEO Michelle Gass told CNBC that the partnership is part of the company’s bigger plan to “drive traffic” into stores and “bring more relevance” to shoppers. Indeed, Kohl’s, alongside other bastions of the retail industry, have struggled to compete with e-commerce companies (aka Amazon) and direct-to-consumer businesses. While Kohl’s has fared better than former behemoths like Bon-Ton and Sears, which have filed for bankruptcy, it too has shuttered some locations. But Amazon might be getting the sweeter deal here.

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Kohl's Stock Soars 12% as Amazon Partnership Goes Nationwide

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Kohl's expanded this pilot program to the Milwaukee area last year, but that still meant it was accepting Amazon returns in less than 10% of its stores. However, on Tuesday, the company announced that the Amazon returns partnership will be rolled out to the remainder of its more than 1,100 stores nationwide in July. Let's take a look at why Kohl's and Amazon are expanding their partnership and what it could mean for these rivals-turned-allies. Not only is repackaging and shipping unwanted items a hassle, it can also be costly. For example, while Amazon pays for return shipping for certain items -- including most clothing, shoes, watches, and jewelry -- customers must foot the bill for many other purchases. Meanwhile, national omnichannel retailers like Kohl's offer customers a choice between going to a convenient store location or buying items online. However, the growth of e-commerce has put pressure on store traffic, making it harder to cover the fixed costs of operating big stores.

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Amazon: Amazon augments its Seller Lending Marketplace with fintech lender FlexiLoans to provide MSME credit

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FlexiLoans uses its differentiated technology to reach out to the e-sellers including ones devoid of the funding from banks and other financial lending institutions and provide collateral free loans within a short time frame. MUMBAI: FlexiLoans, an MSME focused digital lending platform, extended its partnership with Amazon in the second year by integrating their lending platform with Amazon Lending Marketplace, thus allowing Amazon sellers to apply and monitor their loans from the Amazon Seller Dashboard itself. In a statement, Deepak Jain, Co-Founder FlexiLoans said, "Indian fintech ecosystem needs such close integrations to deliver real value towards SME financial inclusion with great user experience. Our curated offers for sellers makes it very convenient for Sellers to manage their working capital and take advantage of India festive season spikes." Vivek Somareddy, Director, FBA & Seller Flex, Amazon India, in a statement, said, "FlexiLoans has a great understanding of sellers and their needs in an e-commerce business environment.

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Tuesday, April 23


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Amazon with Lightning Network? Early Bitcoin Developer Isn’t Impressed

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By CCN: You’ve likely heard the buzz about a new Chrome extension that will allow people to make purchases on Amazon using the Lightning Network, Moon. The buzz shouldn’t confuse you, hopefully: Amazon isn’t accepting any form of bitcoin, and they’re not integrating the Lightning Network. The extension does some ninja work in the background to get your crypto into fiat and then gives that to Amazon or other e-commerce sites. There’s no similar incentive with apps like Moon, which is part of why they won’t be the “killer app” that leads to mass adoption. Former Bitcoin Core developer Jeff Garzik isn’t very impressed with the idea, saying that it probably won’t get Grandpa using crypto.

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