Amazon announces four-day Prime Day discount event

Image: Amazon
'We're extending it to four days because our members have told us they just need more time to shop the deals,' Jamil Ghani, Amazon vice president of worldwide prime, told
Reuters
.
Amazon's expanding Prime Day comes as US shoppers and retailers face uncertainty on how tariffs will impact prices and product availability, said Rob Garf, senior vice president of strategy and insights at retail marketing firm Cordial.
Prime Day spend: Adobe Analytics
US shoppers spent $14.2bn, up 11 per cent year-over-year, during Amazon's July 2024 Prime Day event, according to Adobe Analytics.
The e-commerce giant often faces competing
The online retailer wants to entice younger shoppers to sign up for its subscription service Prime, by offering discounted memberships for people between the ages of 18 and 24 and other perks.
Prime subscriptions typically cost $14.99 per month or $139 per year.

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Khaleej Times

38 minutes ago

• Khaleej Times

Apple executives held internal talks about buying Perplexity: Reports

Apple executives have held internal talks about potentially bidding for artificial intelligence startup Perplexity, Bloomberg News reported on Friday, citing people with knowledge of the matter. The discussions are at an early stage and may not lead to an offer, the report said, adding that the tech behemoth's executives have not discussed a bid with Perplexity's management. "We have no knowledge of any current or future MA discussions involving Perplexity," Perplexity said in response to a Reuters' request for comment. Apple did not immediately respond to a Reuters' request for comment. Big tech companies are doubling down on investments to enhance AI capabilities and support growing demand for AI-powered services to maintain competitive leadership in the rapidly evolving tech landscape. Bloomberg News also reported on Friday that Meta Platforms tried to buy Perplexity earlier this year. Meta announced a $14.8 billion investment in Scale AI last week and hired Scale AI CEO Alexandr Wang to lead its new superintelligence unit. Adrian Perica, Apple's head of mergers and acquisitions, has weighed the idea with services chief Eddy Cue and top AI decision-makers, as per the report. The iPhone maker reportedly plans to integrate AI-driven search capabilities, such as Perplexity AI, into its Safari browser, potentially moving away from its longstanding partnership with Alphabet's Google. Banning Google from paying companies to make it their default search engine is one of the remedies proposed by the US Department of Justice to break up its dominance in online search. While traditional search engines such as Google still dominate global market share, AI-powered search options including Perplexity and ChatGPT are gaining prominence and seeing rising user adoption, especially among younger generations. Perplexity recently completed a funding round that valued it at $14 billion, Bloomberg News reported. A deal close to that would be Apple's largest acquisition so far. The Nvidia-backed startup provides AI search tools that deliver information summaries to users, similar to OpenAI's ChatGPT and Google's Gemini.

The National

an hour ago

• The National

Global stocks mixed as Israeli and Iranian air strikes go on

Global stocks were mixed on Friday amid the Iran-Israel air strikes and as the US weighed options to become more involved in the conflict that has been raging for more than a week, damaging investor sentiment. Both the S&P 500 and the Nasdaq composite finished lower, while the Dow Jones Industrial Average closed slightly higher. S&P 500 fell by 0.2 per cent and Nasdaq Composite by 0.5 per cent when markets closed on Friday. Dow Jones Industrial Average was up by 0.08 per cent. 'The worsening global geopolitical weather keeps investors in a cautious mode, and will likely prevent them from taking too much risk,' said Ipek Ozkardeskaya, a senior analyst at Swissquote Bank. The news that 'the US is giving itself two weeks to decide whether to intervene in Iran – which is slightly better than earlier reports suggesting they would go in this weekend – has somehow eased tensions,' she said. US President Donald Trump said he will decide 'in the next two weeks' whether his country will join Israel in attacking Iran, White House press secretary Karoline Leavitt said on Thursday. The move eased concerns about an imminent attack on Iran by the US. However, if the Washington becomes involved in the conflict, it is expected to exacerbate the situation and hit investor sentiment. Israel and Iran conflict, which began on June 13 following air strikes by Israel on Tehran has rattled investors, with global stocks plunging and oil prices rising on the first day of the war. Gold prices also rose as investors rushed to safe-haven assets amid uncertainties in the market. Analysts expect markets to remain volatile in the coming days. 'While the immediate prospect of a US intervention in Iran may have diminished, the fact this is reportedly a two-week hiatus means it will remain a live issue for the markets going into next week,' AFP reported, quoting Dan Coatsworth, an investment analyst at AJ Bell. In Europe, London's FTSE 100 closed 0.2 per cent lower, while Paris' CAC 40 gained 0.5 per cent. Frankfurt's DAX was up 1.3 per cent. In Asia, Hong Kong's Hang Seng index edged 1.3 per cent higher and Shanghai's composite was down 0.07 per cent, with Japan's Nikkei down 0.2 per cent. Investors are also keeping a close eye on the US Federal Reserve. On Wednesday, the Fed kept interest rates unchanged and also forecast a slower pace of cuts as it expects higher inflation because of tariffs. This week's decision was the fourth consecutive time the Fed has held rates steady after lowering them by 100 basis points to about 4.33 per cent last year. However, a senior official at the Fed has suggested that the US central bank should consider cutting interest rates as soon as next month. 'We could do this as early as July,' Fed Governor Christopher Waller said on CNBC. 'That would be my view, whether the committee would go along with it or not.'

UAE Moments

11 hours ago

• UAE Moments

US President Trump Extends TikTok Sale Deadline by 90 Days

In a significant move, U.S. President Donald Trump has extended the deadline for ByteDance, TikTok's parent company, to sell the popular video-sharing app's U.S. operations by 90 days. The US President posted on Social Truth, "I've just signed the Executive Order extending the Deadline for the TikTok closing for 90 days (September 17, 2025)." The TikTok ban took effect on January 19, one day before President Trump's inauguration. Upon taking office, President Trump gave TikTok 75 days to divest its U.S. business, but a second extension pushed the deadline to Thursday, June 19, but now the deadline is September 17. "We are grateful for President Trump's leadership and support in ensuring that TikTok continues to be available for more than 170 million American users," TikTok said in a statement. This article was previously published on saudimoments. To see the original article, click here