|Bid||1,823.13 x 800|
|Ask||1,824.02 x 1100|
|Day's Range||1,818.41 - 1,832.54|
|52 Week Range||1,307.00 - 2,035.80|
|Beta (3Y Monthly)||1.62|
|PE Ratio (TTM)||75.55|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Amazon wants to lead Corporate America to fight with climate changes.
Germany is not going to give companies like Amazon any leeway when it comes to working conditions and responsibility over last-mile delivery.
Electric vehicle startup Rivian Automotive LLC got a big boost from one of its investors on Thursday when Amazon.com announced it was ordering 100,000 electric delivery vans. Before Rivian has even begun commercial production at its factory in Normal, Illinois, the Amazon order rocketed it to the forefront of electric vehicle makers. Amazon Chief Executive Jeff Bezos said in Washington that as part of the online retailer's plan to be carbon neutral by 2040 it would order the electric vans from Rivian, with deliveries starting in 2021.
Amazon has set a goal to meet the Paris Climate Agreement objectives by 2040, 10 years early, including a pledge to emit net-zero carbon.
Jeff Bezos is committing to move Amazon.com Inc. (NASDAQ: AMZN) to net-zero carbon emissions by 2040 as part of a broader private sector climate change initiative — and he says the company’s Arlington headquarters will play a major part in meeting that goal. In a rare local public appearance, the Amazon CEO stopped by the National Press Club in D.C. Thursday to unveil his new environmental plans. The move comes on the eve of the launch of the global climate strike, an international initiative designed to drive home the urgency of climate action.
Amazon.com Inc. announced Thursday that it has co-founded The Climate Pledge with Global Optimism, an organization dedicated to social and environmental change. The Climate Pledge is committed to meeting the Paris Agreement goal of being net zero carbon by 2040, 10 years earlier than the Paris Accord's 2050 deadline. Amazon has signed on to that commitment. Signatories also pledge to measure and report greenhouse gas emissions on a regular basis, put carbon emissions strategies in place, and reduce other emissions through offsets. "If a company with as much physical infrastructure as Amazon-which delivers more than 10 billion items a year-can meet the Paris Agreement 10 years early, then any company can," said Amazon Chief Executive Jeff Bezos in a statement. Amazon aims to use 100% renewable energy by 2030; is committing $100 million to restore and protect forests and wetlands through the Right Now Climate Fund, an initiative launched through a partnership with The Nature Conservancy; has launched a new sustainability website; and has invested $440 million in Rivian, a company that makes emissions-free electric vehicles. In addition to its investment in Rivian, the company has also placed an order for 100,000 vehicles that will start package deliveries in 2021. All 100,000 vehicles will be on the road by 2030. Amazon stock has rallied 21.7% in 2019, though the stock is down 5.1% over the past year. The S&P 500 index is up 20.4% for the year to date.
(Bloomberg) -- Acknowledging a steady drumbeat of criticism from activists and a vocal group of his own employees, Amazon.com Inc. founder and Chief Executive Officer Jeff Bezos announced the formation of a new organization, the Climate Pledge, to meet the goals of the landmark Paris climate agreement 10 years early.“We have been in the middle of the pack on this issue,” Bezos said in Washington Thursday. “We want to move to the forefront. We want to be leaders.”In a joint press conference with Christiana Figueres, formerly the United Nation’s executive secretary for climate change, Bezos said Amazon will reach 80% renewable energy use by 2024 and 100% by 2030, up from 40% today. To help get there, Amazon has placed an order of 100,000 electric vehicles from a startup it has backed, Rivian Automotive Inc. The first Rivian vehicles will arrive in 2021. Bezos recruited Figueres to co-found the Climate Pledge, which calls on companies to be net carbon neutral by 2040—a decade earlier than stipulated by the Paris Climate Accords. The pair said they would hold an annual conference for companies to share best practices for reducing their climate footprint. “Swallow the alarm clock,” she said. “We are running out of time. Science tells us we have about a minute left to get the work done we need to get done.”Amazon also announced a $100 million donation to the Nature Conservancy to fund the Right Now Climate Fund, which engages in reforestation projects to remove carbon from the atmosphere.Bezos’s pledge came a day before more than 1,000 Amazon employees are scheduled to walk out of their offices to draw attention to the company’s inaction on climate change. The protest is part of a wider strike organized by 16-year-old climate activist Greta Thunberg ahead of next week’s United Nations Climate Action Summit. “The global strike tomorrow is totally understandable,” Bezos said. “People are passionate about this issue. By the way, they should be passionate about this issue.”The group organizing the employee walkout, Amazon Employees for Climate Change, has been pressuring Amazon for almost a year to reduce its dependence on fossil fuels and detail how it’s preparing to deal with business disruptions caused by climate change. A shareholder resolution calling for Bezos to unveil a comprehensive climate change proposal was rejected at Amazon’s annual meeting in May. In February, Amazon promised to disclose its carbon footprint by the end of the year and pledged that half its shipments would be carbon neutral by 2030, a so-called Zero Shipment project. Amazon has argued that an e-commerce model, with delivery vehicles making numerous stops in each neighborhood, is inherently more efficient than individual shoppers taking the odd trip to the store for items like a gallon of milk. Bezos added that free next-day shipping for Prime members, which the company recently rolled out, is more environmentally efficient because products can be warehoused locally, reducing travel times and bypassing the need to ship products via air.Over the years, the company has also developed wind and solar farms to power its data centers, experimented with more environmentally friendly packaging and offered ways for customers to pick a single day to receive multiple orders placed during the week.Amazon is relatively late among tech companies to share its environmental impact. Apple has released an environmental impact report with increasing levels of detail for the last decade. Google first published a comprehensive report on its energy use in 2011. Bezos started the press conference by reviewing the accelerating state of climate change, which he called “dire.” But he also said he was optimistic that society can invent a solution. “When invention gets involved, when people get determined, when passion comes out, when they make strong goals, you can invent your way out of any box. That’s what we humans need to do right now.”\--With assistance from Matt Day.To contact the author of this story: Brad Stone in San Francisco at firstname.lastname@example.orgTo contact the editor responsible for this story: Robin Ajello at email@example.com, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Video-streaming space gets increasingly crowded as Comcast and Facebook join the bandwagon. However, intensifying price war and fight for exclusive rights are threats.
Amazon.com Inc Chief Executive Officer Jeff Bezos on Thursday committed the company to being carbon neutral by 2040 and said part of that pledge is an order for 100,000 electric delivery vans from a start-up the online retailer has invested in. Cutting emissions is a challenging goal for Amazon, which delivers 10 billion items a year and has a massive transportation footprint. "We know we can do it and we know we have to do it," Bezos said.
Amazon is gearing up for its Great Indian Festival online event, which launches before Diwali. Flipkart's Big Billion Days will launch at the same time.
Amazon's (AMZN) Amazon Music HD is likely to give tough competition to Apple, Spotify, Google and Sirius, which are also making every effort to bolster their presence in music streaming space.
In fact, imposition of tariffs has left some of the retailers with no other choice than to go for selective price increases, while trying not to hurt sales during the holiday season.
Plans are slowly coming together for a pedestrian connection linking Reagan National Airport to Crystal City, one of the crucial transportation improvements Arlington pitched when luring Amazon to the area. Should that be approved, Arlington would have most of the cash it needs to pay for the roughly $40 million effort, after earning $9.5 million in state funding back in June. The board is expected to sign off on that request this weekend when it outlines its asks for the Northern Virginia Transportation Authority, which distributes select sales tax revenues to transportation projects around the region.
I think we learned quite a bit from Amazon.com Inc.'s career day event — about its hiring practices, what HQ2 could mean for Alexa and how long folks are willing to wait in line to meet an Amazon (NASDAQ:AMZN) official. Jeff Bezos' current net worth: $113 billion Change since last week: Same AMZN stock price: $1,817 per share Change in stock price since last week: Down $28 Translation: Amazon stock dropped nearly $30 on Friday, the same day the House Judiciary Committee asked for Amazon, Alphabet Inc. (NASDAQ: GOOG), Apple Inc. (NASDAQ: AAPL) and Facebook Inc. (NASDAQ: FB) to hand over records in what looks like a new antitrust investigation into the large tech companies. In other words, Jeff Bezos' emails, a healthy chunk of which may be customer complaints that the CEO forwards to other executives with just a single question mark — perhaps the most passive-aggressive thing you can send to a subordinate.
Veteran businessman and former J.C. Penney CEO Ron Johnson is now the CEO of Enjoy, a mobile store company that helps bring the traditional shopping experience into the homes of consumers. Johnson joined The Final Round on Wednesday to give his thoughts on the state of retail, and where businesses like J.C. Penney have steered incorrectly.