The global economy is already in the early throes of a recession, but business is booming at Amazon (AMZN). As Deutsche Bank’s Lloyd Walmsley puts it: “it may not be judicious for the company to be perceived as profiting from the COVID-related turmoil.”The proof is in the pudding. While unemployment figures have risen dramatically since the viral outbreak has sent millions of workers home, Amazon has set in motion the hiring of an additional 100,000 employees to help with the surging demand. According to the NY Times, orders for Amazon groceries are 50 times higher than normal during this stay-at-home …read more
Source:: Yahoo Finance
