President Donald Trump has publicly blamed the Federal Reserve's interest rates hikes for holding back U.S. economic growth.The Fedread more
China's President Xi Jinping arrived in Pyongyang on Thursday morning for a state visit to North Korea — the first by a Chinese state leader in 14 years. Experts say the move...Asia Politicsread more
Gold prices spiked in the afternoon of Asian trading hours on Thursday after a dovish U.S Federal Reserve opened the door to further rate cuts, and the 10-year Treasury yield...Metalsread more
The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
Waymo has signed a deal with Renault and Nissan to develop self-driving cars and trucks for use in France, Japan and possibly other countries in Asia, including China, the...Autosread more
"No U.S. drone was operating in Iranian airspace today," a U.S. Central Command spokesman said, according to NBC News.World Politicsread more
The Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word "patient " from its statement and said it would "act as...Asia Marketsread more
As the presidents of U.S. and China near a highly anticipated meeting on trade, the gap in both sides' expectations regarding a deal remains wide.World Politicsread more
Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday.Bondsread more
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
Amazon is hiring for one of its start-ups focused on incorporating videos into the shopping experience.
The company announced a hiring blitz in New York on Thursday. One job posting was for a user experience designer for "Amazon Live," a start-up that "leverages interactive streaming video to create new shopping experiences for customers," according to the job posting.
"This is a strategic initiative for the company with strong buy-in from top management," the posting said.
A handful of products on Amazon are listed as "Amazon Live " products. They are almost all beauty products with videos, similar to beauty product demonstrations that commonly appear on Facebook, YouTube and Instagram. (A spokesperson for Amazon said that the service isn't new, and that it supports livestream shopping experiences.)
Amazon already has a variety of "how-to " videos on its platform, ranging from short cooking tutorials to home improvement to gadget reviews. Though some seem more like advertisements, others are hosted by professionals like journalists, aestheticians or professional make-up artists, and others are hosted by popular social media personalities.
But most of these videos are pre-recorded — not "live" or "interactive" as the job posting suggests. Amazon bought Twitch, a live video platform for gamers, more than three years ago, but there hasn't been much overlap between Twitch and Amazon's retail business so far.
The existence of the start-up — which so far has flown under the radar — could signal an expansion of Amazon's quiet push into more social-media-like initiatives. This expansion of the Amazon Live team comes as Amazon is also recruiting YouTube personalities to sell Amazon-listed products through an "influencers " program.
Still, it wouldn't be the first time that Amazon dabbled in using video to sell beauty and fashion. It launched its first daily livestream show last year called "Style Code Live, " a "What not to Wear"-like show that seems to have fizzled out. Some episodes of that show are also listed under the "Amazon Live" channel, which does not seem to appear in the Amazon channel directory.