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Friday, May 1, 2020

Coronavirus cuts into Amazon profits despite sales gains


Coronavirus cuts into Amazon profits despite sales gains



Amazon’s sales surged amid the coronavirus, but costs related to the pandemic ate away at the online retailer’s profits, the company told investors Thursday.

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UPS to cut 30,000 jobs as it moves away from Amazon

The parcel delivery giant says it is cutting back on low-profit deliveries for the online retailer. from BBC News https://ift.tt/gQ6waOd