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Stocks slip on Amazon drop, but still on track for monthly gain

Stocks fell in afternoon trading on Wall Street Friday with internet retail giant Amazon weighing down major indexes following a weak sales report and forecast. The S&P 500 index fell 0.5% as of 12:17 p.m. Eastern and is on pace for a weekly loss, though still poised to finish out July with its sixth monthly […]

Amazon stock tanks after weak earnings, massive fine

Amazon shares tanked after the company warned it expects sales growth to slow as the pandemic wanes, while at the same time it got slapped with a record fine from the European Union.  The Seattle-based e-commerce giant’s stock dropped more than 7.5 percent to 3,327.59 at Friday’s close after it logged a weaker-than-expected performance during […]

FDA flags Amazon over sale of harmful sex enhancement goods

The Food and Drug Administration notified Amazon over the sale of sexual enhancement and weight-loss products that had potentially harmful drug ingredients, in a letter addressed to the company’s new boss Andy Jassy. Amazon said it has removed the products in question, and will continue to work with the agency. The FDA had already warned consumers […]