Moneywatch headlines for June 12, 2016
Out with old S&P 500 record and in with new; Amazon now more valuable than Berkshire Hathaway; "Pokemon Go" breaks download records. These headlines and more from CBS MoneyWatch.
Amazon
Amazon's annual "Prime Day"
Online retailer Amazon is offering big sales in its second annual "Prime Day." CBS News financial contributor Mellody Hobson joins CBSN with more on some of the best deals to take advantage of, and how it will impact Amazon's sales.
Amazon's "The Interestings"
Take an inside look at the new Amazon pilot "The Interestings," starring Lauren Ambrose and Jessica Pare.
Amazon's CEO sees plenty of potential in India's economy, and is investing an additional $3 billion there
Amazon's CEO sees plenty of potential in India's economy, and is investing an additional $3 billion there. CBS News MoneyWatch's Jill Wagner has that story and other business headlines on CBSN.
Amazon CEO Jeff Bezos spoke at Recode's third annual code conference in Southern California and shared his idea for how to develop outer space
Amazon CEO Jeff Bezos spoke at Recode's third annual code conference in Southern California and shared his idea for how to develop outer space. Mashable chief correspondent and editor-at-large Lance Ulanoff joins CBSN to discuss the out-of-this-world idea.
Another 1.6 million Toyotas recalled for air bags; Amazon changing price-matching promise; CVS ends crazy-long receipts for some customers
Another 1.6 million Toyotas recalled for air bags; Amazon changing price-matching promise; CVS ends crazy-long receipts for some customers. These headlines and more from CBS MoneyWatch.
Google's new Google Home rivals Amazon's Echo speaker; American Airlines spends $4 million to help TSA with security; and the $57.6 million diamond
Google's new Google Home rivals Amazon's Echo speaker; American Airlines spends $4 million to help TSA with security; and the $57.6 million diamond. CBS News MoneyWatch's Jill Wagner has the day's business headlines on CBSN.
You'll soon be able to buy Amazon generic items including nuts, coffee and baby food
Amazon changed the way we shop online and stream video, and now the world's biggest retailer wants to shake up our run to the grocery store by expanding its private-label brands. You'll soon be able to buy Amazon generic items including nuts, coffee and baby food. CBS News financial contributor Mellody Hobson joins "CBS This Morning" to discuss Amazon's latest venture.
Disney's earnings fell short of expectations for the first time in 5 years; Amazon's new video service aims to compete with YouTube; and more
Disney's earnings fell short of expectations for the first time in 5 years; Amazon's new video service aims to compete with YouTube; and more. CBS News MoneyWatch's Jill Wagner has the day's business headlines on CBSN.
The expansion of its streaming video service allows users to upload their own videos
The retail giant is ramping up its ambitions for online video with Amazon Video Direct. The expansion of its streaming video service allows users to upload their own videos, going head-to-head with YouTube, owned by Google's parent company. CNET editor Dan Ackerman joins "CBS This Morning" to discuss the new venture.
Top 25 hedge funders paid $13 billion in 2015; Amazon rolls out its YouTube killer; Botox maker seeks a stock lift
Top 25 hedge funders paid $13 billion in 2015; Amazon rolls out its YouTube killer; Botox maker seeks a stock lift. These and other headlines from CBS MoneyWatch.
NASA weighs 3 different designs as it shops for new lunar lander
For the first time since the Apollo program, NASA is shopping for a new lander for its Artemis program.
Bezos vows to make Amazon "Earth's Best Employer"
Bezos said in a letter to shareholders that he isn't comforted by the failure of the unionization effort in Bessemer, Alabama.
A massive earthquake kills hundreds in Ecuador; a woman could replace Andrew Jackson on the $20 bill; Amazon takes on Netflix
A massive earthquake kills hundreds in Ecuador; a woman could replace Andrew Jackson on the $20 bill; Amazon takes on Netflix. Watch these and more headlines from CBS MoneyWatch
It's Tax Day -- and taxpayers can find discounts and even free food at certain chains
It's Tax Day -- and taxpayers can find discounts and even free food at certain chains; oil prices have fallen sharply; and Amazon revamps its Prime offerings. Those headlines and more from CBS MoneyWatch's Hena Daniels from the New York Stock Exchange.
Pandemic Politics, Amazon, Ghost Guns
How dishonest politics upended a coronavirus researcher's funding; Then, examining Amazon's treatment of its workers; And, Ghost Guns: Build-it-yourself firearms
"Sunday Morning"'s Jane Pauley is no rookie in front of the camera, so it's no surprise she's been tapped to show off her acting chops in two television series
"Sunday Morning"'s Jane Pauley is no rookie in front of the camera, so it's no surprise she's been tapped to show off her acting chops in two television series. She plays herself alongside Bill Murray in the Amazon show, "Alpha House," and shares the screen with Tea Leoni on "Madam Secretary."
Amazon is beginning to hire a virtual reality team to catch up to other tech giants like Facebook
Amazon is beginning to hire a virtual reality team to catch up to other tech giants like Facebook. With more on Amazon's newest project, CNET's Jeff Bakalar joins CBSN.
These companies pay interns more than $8,000 a month
Internships at some big companies come with a hefty paycheck as businesses battle to attract young talent.
U.S. housing recovery lifts Home Depot's results to new heights; and Amazon yanks Canadian serial killer's book from its offerings
U.S. housing recovery lifts Home Depot's results to new heights; and Amazon yanks Canadian serial killer's book from its offerings.
Amazon union efforts fail in Alabama
Efforts to unionize an Amazon warehouse in Alabama are officially over for now, after workers at a facility in Bessemer voted no to forming a collective bargaining unit. The Retail, Wholesale and Department Store union has accused Amazon of manipulating the vote and intimidating employees to say no to unionizing. It plans on challenging the results, while Amazon denies the allegations. Margaret O'Mara, a professor at the University of Washington who researches the history of tech companies, joins CBSN's Elaine Quijano to discuss.
Amazon's stock took a hit this week after a disappointing earnings report from the holiday season
Amazon's stock took a hit this week after a disappointing earnings report from the holiday season. CBS News Moneywatch's Jill Wagner has today's business headlines from the New York Stock Exchange.
The National Retail Federation says 40 percent of holiday sales happen in the 10 days before Christmas
The National Retail Federation says 40 percent of holiday sales happen in the 10 days before Christmas. Holiday spending is expected to grow 3.7 percent this year. Sales are expected to top $630 billion. New York Times deputy business editor Peter Lattman joins “CBS This Morning” to discuss the impact of warm weather and online shopping on holiday sales.
Amazon is one of many retailers promising last-minute details ahead of Christmas
Amazon is one of many retailers promising last-minute details ahead of Christmas. The online marketplace is even promising one-hour delivery in Manhattan. But at what cost to workers? DeMarco Morgan joined CBSN to discuss the deals.
If you still need to finish your holiday shopping, Amazon is offering you a new last-minute option
If you still need to finish your holiday shopping, Amazon is offering you a new last-minute option. Amazon Prime customers in several cities can order their holiday essentials and get them within hours. Only on “CBS This Morning,” DeMarco Morgan goes behind the scenes in an Amazon fulfillment center on New York's famed 34th Street, as the retail giant hopes to create some shopping miracles.
Kilmar Abrego Garcia taken into ICE custody, facing deportation to Uganda
Kilmar Abrego Garcia was taken into custody Monday by immigration authorities and the Department of Homeland Security said he is being processed for deportation to Uganda.
Trump wants to punish flag burning. Is burning the American flag illegal?
President Trump signed an executive order that seeks to go after people who burn the American flag.
Lil Nas X pleads not guilty to felony battery against a police officer in L.A.
Lil Nas X has been charged with three felony counts of battery with injury on a police officer and one felony count of resisting arrest after he was arrested last week on Ventura Boulevard in Studio City.
House Oversight Committee subpoenas Jeffrey Epstein's estate
House Oversight Committee Chairman James Comer subpoenaed estate of Jeffrey Epstein, seeking over a dozen categories of documents.
Infamous cartel boss pleads guilty to U.S. drug trafficking charges
Ex-Mexican cartel leader Ismael "El Mayo" Zambada Garcia pleaded guilty Monday to federal charges related to his role as a co-founder of the Sinaloa Cartel.
SpaceX prepares for Super Heavy-Starship's 10th test flight today
SpaceX hopes to pick up the pace with Super Heavy-Starship test flights amid concern the rocket may not be ready in time for a planned 2027 moon landing.
Fighter jets scrambled to intercept Russian spy plane off Alaska
The U.S. military on Sunday intercepted a Russian spy plane flying in international airspace off Alaska, marking the third such instance in less than a week.
First human screwworm case linked to travel confirmed in U.S., HHS says
"The risk to public health in the United States from this introduction is very low," said HHS spokesperson Andrew Nixon.
Why Cracker Barrel's new logo is a flop, according to branding experts
Cracker Barrel badly misread its own customer base — and our culturally sensitive times — in trying to spruce up its image, experts say.