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Amazon sales growth slows in tame start to Jassy s tenure as CEO - Netscape Money & Business

Amazon sales growth slows in tame start to Jassy s tenure as CEO By Jeffrey Dastin and Nivedita Balu Reuters (Reuters) -Amazon.com Inc on Thursday said sales growth would slow in the next few quarters as customers venture more outside the home, a tepid start to CEO Andy Jassy s reign after 27 years with Jeff Bezos at the retailer s helm. Spending growth by Prime members, Amazon.com s most valuable customers, has eased as well, the company said. Shares fell 7% in after-hours trade. More than a year into the COVID-19 pandemic, Amazon s financial luster is fading slightly. When brick-and-mortar stores closed, Amazon posted record profits, drew more than 200 million Prime loyalty subscribers, and recruited over 500,000 workers to keep up with surging demand.

US labor board rejects challenge to large banner displays at union strike sites

US labor board rejects challenge to large banner displays at union strike sites
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