Amazon’s Big Pandemic Investment Spending Helped Set The Stage For Economic Recovery, Report Argues

While other companies cut back on spending as the coronavirus pandemic took hold last year, e-commerce giant Amazon boosted its domestic capital investments by 75% to nearly $34 billion—and helped set the stage for a robust economic recovery, according to aA truck hauls a trailer with the Amazon logo outside the Amazon.com Inc.

In Amazon’s case, the extra investment on property and equipment last year was driven by the need to meet an enormous surge of demand during the pandemic, the report notes.Verizon was second on PPI’s list with $16.1 billion in domestic capital investment last year, AT&T was third on the list with $15.6 billion invested, and Alphabet and Intel rounded out the top five with $14 billion and $12.5 billion invested, respectively.

15 bucks an hour for sweatshop conditions and no benefits? I'll take my juicy unemployment that equals over $5 more an hour than that

The rich are making a killing off of this phony pandemic.

thanks

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Amazon's Big Pandemic Investment Spending Helped Set The Stage For Economic Recovery, Report ArguesThe ecommerce giant spent nearly $34 billion on domestic investment last year, more than double the runners up: Verizon at $16.1 billion and AT&T at $15.6 billion.
Source: Forbes - 🏆 394. / 53 Read more »

Global Stocks Slip as Inflation Remains in FocusGlobal markets drifted lower, as investors considered the outlook for U.S. inflation and international economic recovery. The biggest factor to inflation is not the printing of USD it’s the cost of shipping! Costs are rising at a pace of madness doubling since the beginning of the year and increasing by $1,000 a week from Shanghai to Los Angeles! Retailers and Consumers beware! A Call to Protect People and Nature! Thread to watch/read:
Source: WSJ - 🏆 98. / 63 Read more »