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On today’s episode of the Zacks Friday Finish Line, Content Writer Ryan McQueeney and Editor Maddy Johnson take on this week’s biggest stories, including several major headlines from Amazon (AMZN - Free Report) , Walmart (WMT - Free Report) , and the two retail behemoths’ ongoing war for shopping supremacy.
Make sure to subscribe and leave the show a rating on iTunes!
Up first, the hosts discussed Amazon’s brand new tax bill from the European Union. In what has become a trend of Europe’s regulatory body targeting tech companies, Amazon has been ordered to pay $300 million in back taxes. According to the European Commission, Amazon illegally avoided taxes through a shell company in Luxembourg, which is considered a tax haven.
Here’s how the European Commission looked while notifying Amazon that it owed money:
Next, Maddy and Ryan discussed Walmart’s acquisition of Parcel, an NYC-based startup focused on same-day and last-mile deliveries. The deal is the latest in a series of strategic moves by Walmart, all of which have seemed to focus on expanding its e-commerce operations and short-term delivery capabilities.
And as we remember, Walmart is Paris Hilton’s favorite store:
Finally, the hosts covered Amazon’s latest move related to improving delivery service: Seller Flex. The e-commerce king is testing the new service, which allows more items from third-party merchants to be listed under the Prime umbrella.
Make sure to listen to the show to hear more!
As a reminder, if you feel that we missed something, or if you want us to cover a different story, shoot us an email at podcast@zacks.com. Make sure to check out all of our other audio content at zacks.com/podcast, and remember to subscribe and leave us a rating on iTunes.
As always, thanks for listening to this episode of the Zacks Friday Finish Line, and check back for even more news from the investment and financial world!
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Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>
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The Latest in Amazon and Walmart's Ongoing Retail War
On today’s episode of the Zacks Friday Finish Line, Content Writer Ryan McQueeney and Editor Maddy Johnson take on this week’s biggest stories, including several major headlines from Amazon (AMZN - Free Report) , Walmart (WMT - Free Report) , and the two retail behemoths’ ongoing war for shopping supremacy.
Make sure to subscribe and leave the show a rating on iTunes!
Up first, the hosts discussed Amazon’s brand new tax bill from the European Union. In what has become a trend of Europe’s regulatory body targeting tech companies, Amazon has been ordered to pay $300 million in back taxes. According to the European Commission, Amazon illegally avoided taxes through a shell company in Luxembourg, which is considered a tax haven.
Here’s how the European Commission looked while notifying Amazon that it owed money:
via GIPHY
Check out the full scoop: EU Regulators Strike Again: Amazon Ordered to Pay $300 Million Tax Bill
Next, Maddy and Ryan discussed Walmart’s acquisition of Parcel, an NYC-based startup focused on same-day and last-mile deliveries. The deal is the latest in a series of strategic moves by Walmart, all of which have seemed to focus on expanding its e-commerce operations and short-term delivery capabilities.
And as we remember, Walmart is Paris Hilton’s favorite store:
via GIPHY
Read more: Walmart Buys NYC Startup Parcel, Boosting Delivery Arsenal Against Amazon
Finally, the hosts covered Amazon’s latest move related to improving delivery service: Seller Flex. The e-commerce king is testing the new service, which allows more items from third-party merchants to be listed under the Prime umbrella.
Make sure to listen to the show to hear more!
As a reminder, if you feel that we missed something, or if you want us to cover a different story, shoot us an email at podcast@zacks.com. Make sure to check out all of our other audio content at zacks.com/podcast, and remember to subscribe and leave us a rating on iTunes.
As always, thanks for listening to this episode of the Zacks Friday Finish Line, and check back for even more news from the investment and financial world!
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>