AllSides Balanced Search reveals information and ideas from all sides of the political spectrum so you can get the full picture.
Mar 23 2023
Walmart Cutting Hundreds of E-commerce Workers
About 200 workers at Pedricktown, New Jersey, and hundreds of others at Fort Worth, Texas; Chino, California; Davenport, Florida; and Bethlehem, Pennsylvania were let go due to a reduction or elimination in evening and weekend shifts, the spokesperson said. The layoffs at Walmart, a retail bellwether because of its size, could be a harbinger of further turmoil in the U.S. economy, which manyNewsmax (News)
Mar 17 2021
E-commerce will soon be a trillion-dollar industry in the US
E-commerce in the US is approaching a major milestone: In 2022, it will record its first trillion-dollar year, predicts Adobe Analytics, which analyzes online transactions across millions of products.
The pandemic is speeding US online sales to new heights far faster than they would have moved otherwise. Adobe estimates Covid-19 boosted the country’s e-commerce spending by 20%, or aboutQuartz
Dec 24 2020
Chinese Regulators Open Investigation Into E-Commerce Giant Alibaba
China's market regulator announced Thursday that it had opened an investigation into the country's e-commerce giant, Alibaba, for alleged anti-competitive activities.
In a short statement issued Thursday, China's State Administration for Market Regulation said that the probe is focusing on allegations that the company forces merchants on its website to sign exclusive cooperationNPR (Online News)
Aug 08 2020
As E-Commerce Booms, Robots Pick Up Human Slack
Sue, Randall, Colin and Bobby are four of the most reliable workers at the FedEx Express FDX 6.55% World Hub in Memphis, Tenn., according to their supervisors. Each clocks eight hours a day of steady work, sorting around 1,300 packages an hour from bins onto a conveyor—four hours on the day shift and another four at night. They almost never take breaks, but since they’re still learning on theWall Street Journal (News)
Jul 12 2021
Inflation Threat May Be Boosted by Changes in Globalization, Demographics and E-Commerce
For the past few decades, the Federal Reserve has succeeded in keeping inflation low—perhaps too low. It had an assist: Shifts in the global economy, including globalization, demographics and the rise of e-commerce, helped keep prices in check.
Some economists say these so-called secular forces have begun to reverse in ways that the pandemic has intensified.
“The factors thatWall Street Journal (News)
Apr 15 2018
South Dakota e-commerce sale tax fight reaches U.S. Supreme Court
A high-stakes showdown at the U.S. Supreme Court on Tuesday will determine whether states can force out-of-state online retailers to collect sales taxes in a fight between South Dakota and e-commerce businesses.Reuters
Mar 28 2023
Alibaba splitting into 6 business groups
Alibaba is separating the Chinese e-commerce company into six business groups as it looks to react faster to market changes and increase their value. Alibaba Group Holding Ltd. said in a regulatory filing that it will be split into the Cloud Intelligence Group, Taobao Tmall Business Group, Local Services Group, Global Digital Business Group, Cainiao Smart Logistics and Digital Media andSFGATE
Mar 23 2023
Walmart Layoffs At Fulfillment Centers Signals Ominous Sign For Economy
Walmart Layoffs At Fulfillment Centers Signals Ominous Sign For Economy Over the next three months, hundreds of workers at five Walmart warehouses handling e-commerce orders will be laid off. This situation could be a worrisome indication that consumers are tapped out. A Walmart spokesperson told Reuters about 200 warehouse workers in Pedricktown, New Jersey, and hundreds of others at FortZeroHedge
Mar 21 2023
New Amazon layoffs are the latest correction to years of over-hiring in the tech industry
Amazon will lay off 9,000 white-collar employees by the end of April, CEO Andy Jassy announced on Monday (March 20), on top of the 18,000 jobs the online retailers has cut since November.
The decision comes amid a crunch in the tech industry that has led the e-commerce giant to cut its more than 1 million worldwide workforce with the company’s largest workforce reduction ever. JassyQuartz
Mar 29 2023
Amazon reportedly considering purchase of AMC Entertainment
Amazon is reportedly weighing the purchase of AMC Entertainment and its nationwide chain of movie theaters as a means of promoting Amazon’s content and other services.
The Intersect reported that Amazon founder Jeff Bezos has tasked his team of investment advisers and entertainment chiefs with exploring plans to acquire AMC and its chain of nearly 600 movie theaters in North America,Fox Business