If you're more concerned with saving money than fast shipping, then Amazon's newest consumer e-commerce platform might be for you. Amazon Haul is the monopolistic retailer's latest move to try and take back market share from ultra low-cost Chinese e-commerce platforms Temu and Shein.

Amazon (NASDAQ: AMZN) has been a winning investment over time. There's a clear reason for this top performance: Amazon has built leadership in the two high-growth businesses of e-commerce and cloud computing,

The company, which recently launched free shipping to Argentina, faces major challenges from regional rival MercadoLibre and a network of smugglers.

Amazon is one of the largest e-commerce platforms in the world, with over 200 million active users and 12 million products available. Every minute, more than 4,000 items are sold in the U.S. alone. For businesses,

Amazon says it's closing all seven of its warehouses in the Canadian province of Quebec over the next two months.

Amazon.com, Inc. (NASDAQ:AMZN), a global leader in e-commerce and cloud computing with a market capitalization of $2.47 trillion, continues to demonstrate its ability to innovate and expand across multiple business segments.

Amazon cited a need to cut costs as the main motivation behind the move, although Quebec is also home to the company's only unionized warehouse in Canada.

Amazon has agreed to acquire Indian buy-now, pay-later startup Axio, deepening its push into financial services in one of its fastest-growing markets. The Amazon has agreed to acquire Indian buy now pay later startup Axio.

Recently, the Indian government has rolled out draft guidelines for e-commerce platforms. These guidelines after approval will be mandating self-regulatory measures to protect consumers from fraudulent practices amid the fast-growing digital shopping landscape in India.

Hundreds of Amazon employees in Quebec are left to pick up the pieces following the shutting of warehouses across the province.

Amazon Canada says it will close all of its Quebec warehouses and lay off nearly 2,000 staff over the next two months. The e-commerce giant positioned the move as a way to provide "even more savings to our customers over the long run" and dismissed concerns that it was linked to a recent unionization push in the province.

Amazon Canada says it is closing all of its warehouses in Quebec over the next two months. 1,700 permanent employees will be laid off, as will 250 temporary workers.