The results will offer investors a look at how consumers and advertisers are responding to a weakening economy. Read More...
Reuters
Amazon to raise Prime prices in Europe as retailer wrestles with costs
NEW YORK (Reuters) -Amazon.com Inc will raise fees for its delivery and streaming service Prime in Europe by up to 43% a year, the online retailer said on Monday, as it moves to counter higher costs days before it reports quarterly financial results. The price hike, following one that Amazon announced for Prime in the United States in February, reflects mounting pressure from Wall Street on new Chief Executive Andy Jassy to shore up profit as inflation rises and a downturn looms. Shoppers in Germany, Amazon’s second-biggest market after the United States, will see fees for an annual Prime membership rise 30% to 89.90 euros ($91.88).
