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Amazon's stock value briefly topped $1 trillion on Tuesday, a little over a month after Apple crossed the same milestone.

The tech and retail behemoth, founded as an online bookstore by CEO Jeff Bezos in 1994, has been consistently profitable only since 2015. In fact, Amazon profits have averaged $2 billion in each of the first two quarters of this year.

Elaine Thompson / AP Photo

Amazon’s cloud based real time facial recognition product, called Rekognition, has come under fire from civil liberties groups. They’re petitioning the company to stop selling it to police departments and other government entities.  Some shareholders have are also signed a letter to the company expressing concern.

Ted S. Warren / AP Photo

In a dramatic reversal, the Seattle City Council voted 7-2 Tuesday to repeal a "head tax" on businesses that it unanimously passed less than a month earlier after pressure from companies like Amazon and Starbucks and a mounting referendum campaign.

Elaine Thompson / AP Photo

In a major reversal, the Seattle City Council is expected to vote Tuesday to repeal a controversial business “head tax” it approved less than a month ago.

On a cold December night last year, a meeting was called in the lobby of my apartment building. Concerned residents gathered to discuss a matter of great import: what to do about the swarms of packages jamming the lobby closet and overflowing into the entryway.

Unclaimed boxes were an eyesore and a nuisance. Finding the right package was starting to require gymnastic ability. And the boxes kept coming, by the dozens, maybe hundreds. Most of them were from Amazon: brown, with a smile on the side.

Will James / KNKX

Seattle Mayor Jenny Durkan said the City Council's proposal to tax businesses, in its current form, does not meet her "requirements."

Durkan has the power to veto the hotly-debated "head tax," though she has not said whether she would do so.

The tax would charge Seattle's largest companies $500 per employee to fund solutions to the city's housing crisis. It's estimated to raise $75 million per year.

In a statement, she indicated she wants changes to the current legislation. She raised questions about the size of the tax and how long it should last.

Elaine Thompson / AP

Amazon is pausing development on two buildings in downtown Seattle as the City Council considers a "head tax" on large businesses.

Amazon really wants to come over to your house. Or at least make it to the front door.

The Seattle-based tech giant announced Tuesday it's made another move into the home security and surveillance business, acquiring Ring, a smart-doorbell maker that streams audio and video to cellphones.

Ted S. Warren / AP Photo

The three large glass domes at the heart of Amazon's downtown Seattle headquarters officially opened Monday. The spheres function as both another workspace for Amazon employees and an indoor rainforest.

Updated at 11:17 a.m. ET

Health care costs are "a hungry tapeworm on the American economy," Berkshire Hathaway Chairman and CEO Warren Buffett says, and now his firm is teaming up with Amazon and JPMorgan Chase to create a new company with the goal of providing high-quality health care for their U.S. employees at a lower cost.

Elaine Thompson / AP Photo

Amazon Go opened to the public Monday. The downtown Seattle convenience store uses cameras and sensors to track shoppers' purchases, eliminating the need for cashiers and check-out lines.

Amazon on Monday will open its automated grocery in Seattle to the public, replacing cashiers with a smartphone app and hundreds of small cameras that track purchases.

For the past year, the 1,800-square foot mini-mart has been open to the company's employees.

There is no waiting in line for check out at Amazon Go, as the store is called — instead, its computerized system charges customers' Amazon account as they exit the store.

A team from the University of Washington has won a major award for artificial intelligence: the inaugural Alexa Prize from Amazon.

The $500,000 award was announced today at Amazon’s AWS re:Invent 2017 conference in Las Vegas.

Northwest Group Sends Relief To Puerto Rico Using Amazon Wish Lists

Oct 25, 2017
Two men push a generator down the street in Puerto Rico, a month after Hurricane Maria.
Carlos Giusti / AP

Shortly after Hurricane Maria devastated Puerto Rico, Laura Cancel found herself at a volunteer meeting at Amazon, where she works in the regulatory and litigation department.

Everyone at the meeting was trying to figure out how to send supplies to people on the island. When someone mentioned she had used Amazon’s wish list feature to keep track of items her family needed, Cancel had an idea.

For years, Amazon has been testing the limits of online deliveries — expanding the number of things you can order at the click of a button (sometimes literally), pushing shipments to arrive faster, toying with delivery by drones.

Will James / KNKX

Why would Amazon build its second headquarters just 30 miles from its first headquarters in Seattle? 

If you ask leaders in Tacoma, it's because their city has everything the retail giant loves about the Pacific Northwest, plus plenty of room to grow. 

There's one week left for North American cities to assemble their bids to lure one of the biggest economic prizes in years, the second Amazon headquarters. At least half a dozen Pacific Northwest places plan to submit proposals.

The Overcast: Amazon's HQ2 News Ripples Through Hometown

Sep 15, 2017
Elaine Thompson / AP

The news that Seattle-based Amazon wants to build what it calls an "equal" second headquarters somewhere else in North America sent shocks through the local political and business communities.

Amazon made the sort of announcement Thursday morning that mayors dream about.

The tech juggernaut said it was looking for the right city in which to build its "HQ2": a second headquarters in North America, equal to its campus in Seattle. And it's going to make that selection process a public one, akin to how cities bid to host an Olympic Games.

Amazon is cutting the prices of bananas, butter, organic eggs, and other best-selling staples at Whole Foods' 470 stores, promising customers lower costs and targeting the grocer's "Whole Paycheck" nickname. The online giant also says its Amazon Prime members will get special prices and perks.

Amazon's purchase of Whole Foods is another step closer to reality, after the Federal Trade Commission decided the grocery deal would not hamper competition or provide an unfair advantage.

With an eye on the future of online retailing, Walmart and Google are teaming up to go after rival Amazon in a play that also targets the growing market for voice-activated shopping.

Starting next month, Walmart customers will be able to access hundreds of thousands of products from the company's shelves — everything from dishwashing soap to dining tables — via the online retailing service Google Express. Until now, Walmart's enormous inventory was available online only through the company's own website.

vbloke / Flickr

With less than a week till the much anticipated solar eclipse, some Amazon shoppers are scrambling to find glasses that are certified safe to view the event. The online retailer recently emailed some shoppers to tell them not to use the solar eclipse glasses they purchased on the site from third-party vendors.

Ashley Gross / KNKX

Since last year, Amazon has provided the nonprofit group Mary’s Place with space for about 65 homeless families to sleep. Now, the company is trying to inspire kids from Mary’s Place shelters to choose careers in science or technology.

The last few months have not been easy ones for the small companies that supply Whole Foods with quinoa and kale. As big investors demanded a shake-up at the company, maybe even a takeover by a much bigger supermarket chain, Janey Hubschman felt that the fate of her own company, Epicurean Butter, was also at stake.

"The fact that their sales have not been great affects every single product that is in Whole Foods, and their reputation affects everything that is on the shelf," says the Colorado businesswoman, who has been selling to Whole Foods since 2005.

When the news broke that Amazon had agreed to buy Whole Foods for $13.7 billion, the retail food sector went a little bananas.

The stock prices of large food retail chains, such as Costco, tumbled a bit.

And this headline from Business Insider helps explain it: Amazon is acquiring Whole Foods — and Walmart, Target, and Kroger should be terrified.

Updated at 9:20 a.m. ET on June 19

Amazon is buying Whole Foods, in a merger that values Whole Foods stock at $42 a share — a premium over the price of around $33 at the close of trading on Thursday. The Internet retailer says it's buying the brick-and-mortar fixture in a deal that is valued at $13.7 billion.

Whole Foods, which opened its first store in Austin, Texas, back in 1980, now has 465 stores in North America and the U.K.

When I started my career at The Washington Post in the late 1990s, the newsroom wore a dusty, outdated look as if it were paying homage to its legendary past. The Post of today occupies an updated building on D.C.'s renowned K Street, in modern, glass-walled offices with a Silicon Valley aesthetic.

Amazon is attempting to lure low-income shoppers from Walmart by offering a discount on its pay-by-month Prime membership for people who receive government assistance.

The giant online retailer said in a statement Tuesday that people who have a valid electronic benefits transfer card — used for programs such as the Supplemental Nutrition Assistance Programs, or food stamps — will pay $5.99 per month for a year. Amazon is offering a 30-day free trial for qualifying customers.

Mary Altaffer / AP Photo

NEW YORK (AP) — Amazon, the internet goliath that revolutionized the way much of the world shops for books, toilet paper and TVs, hit a new milestone Tuesday. Its stock surpassed the $1,000 mark for the first time.

That price put Amazon's market value at about $478 billion, double that of the world's biggest traditional retailer, Wal-Mart, and more than 15 times the size of Target.

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