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Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

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Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'

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Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
Tech

Why Black Friday Could Be Record Breaking for Amazon

By
Leena Rao
Leena Rao
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By
Leena Rao
Leena Rao
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November 25, 2016, 12:56 PM ET

Many retailers are rejoicing this week as consumers are spending at record levels online this Thanksgiving and Black Friday. E-commerce giant Amazon is also capitalizing on this trend, with the company reporting that customers are shopping at record levels both on Thanksgiving and Black Friday, one of the busiest shopping days of the year.

The tech giant reported Thanksgiving has now become one of the busiest mobile shopping days on Amazon.com within the U.S. Mobile orders from Amazon (AMZN) customers on Thanksgiving Day exceeded both Thanksgiving and Cyber Monday—the Monday after Thanksgiving—in 2015.

The Seattle-based corporation added Black Friday shopping on Amazon.com is already on pace to surpass Black Friday last year, in terms of items ordered.

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So far, the best-selling items being sold on Amazon.com include the company’s own hardware, such as home automation device Echo Dot and media streaming device Fire TV. Other top-selling items include Hasbro’s Pie Face Game and Sennheiser HD 598 headphones. Already, Amazon customers have ordered more than 100,000 toys thus far this Black Friday.

Amazon’s big win in terms of online shopping could still be ahead as the company looks to Cyber Monday, with hopes that online shoppers will continue to flock to the company’s marketplace to buy holiday gifts.

Last year, customers ordered 54 million items worldwide. This year, Amazon said it is featuring 75,000 deals during the week of Cyber Monday. Some promotions will include $40 off the Amazon Echo ($139.99), 50% off some toys, and as much as 50% off many video games.

For more, read: Here Are the Best Black Friday Deals for Tech; Here Are the Best Cyber Monday Deals for Tech; This Carrier Is Bringing Back Its Free iPhone 7 Deal for Black Friday; Apple Is Holding a Black Friday Shopping Event

Holiday season consumers have been spending record amounts online this year, especially on mobile phones. But it’s not just e-commerce only companies that are seeing strong levels of spending. Target (TGT) reported record online sales for Thanksgiving as did Kohls.

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By Leena Rao
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