【新华社微特稿】美国联邦贸易委员会25日宣布，电商巨头亚马逊公司同意以25亿美元达成和解。该委 员会认定亚马逊诱导顾客非自愿地注册成为其Prime会员，且难以退出。 亚马逊于2005年推出Prime会员服务，当时的年费为79美元，现已涨至139美元。据路透社报道，亚马逊 现有Prime会员大约3500万人。这一业务已经成为亚马逊重要收入来源，帮助公司在2025年上半年实现 会员注册相关收入239亿美元。 和解协议要求亚马逊整改，包括以明确方式提示消费者，让他们能主动选择是否注册成为Prime会员。 联邦贸易委员会说，25亿美元中，10亿美元为罚款，15亿美元将退还给无意中注册为Prime会员的顾客 或退出受阻的顾客。 联邦贸易委员会主席安德鲁·弗格森说，该和解协议"对成百上千万厌倦了欺骗性会员注册的美国人来说 是一场破纪录的重大胜利"。 联邦贸易委员会指认亚马逊以福利为幌子吸引顾客点击按钮，没有告知顾客点击后会注册成为Prime会 员，从而需要缴纳会员费。而且，退出会员程序复杂。 亚马逊在和解协议中并未承认自己有不当行为，称同意和解是为"向前走，聚焦服务于顾客的创新"，且 联邦贸易委员会提出的整改要求亚马逊先 ...

智通财经APP获悉，周四，亚马逊(AMZN.US)宣布与美国联邦贸易委员会(FTC)达成和解协议，就一项 指控其通过"欺骗性"界面设计诱导消费者订阅Prime会员的诉讼画上句号。根据法院文件，亚马逊将支 付25亿美元以了结该案。消息公布后，亚马逊股价当日下跌0.94%，收于218.15美元。 根据和解条款，除了支付25亿美元外，亚马逊还需遵守多项整改要求。该公司不得再对Prime会员条款 进行误导或虚假陈述；必须清晰、透明地披露Prime会员的所有费用与规则；必须为用户提供简单便捷 的Prime取消渠道，杜绝"退订难"问题。 Capital Alpha Partners分析师Robert Kaminski指出："和解往往是双方的战略性选择。这次和解很可能反 映了FTC认为其获得的结果超出法院裁决，或者亚马逊认为其付出的代价小于法官可能判决的结果。我 们更倾向于前者。" 值得注意的是，这并非亚马逊与FTC之间唯一的法律纠纷。FTC在2023年9月还对亚马逊提起另一宗反 垄断诉讼，指控其滥用市场支配地位，阻止竞争对手和第三方卖家降低价格、削弱用户体验、抑制创新 并阻碍公平竞争。该案预计将于2027年2月开庭审理， ...

【 导读 】英伟达入股，英特尔股价暴涨！美股三大指数创历史新高 白宫经济顾问哈塞特表示，美联储的利率决定是良好的第一步；美联储降息在利率大幅下降的正确方向；经济增长将在无通胀情况下实现 。 中国基金报记者 赵刚 据CME"美联储观察"显示，美联储10月维持利率不变的概率为8.1%，降息25个基点的概率为91.9%。美联储12月维持利率不变概率为 0.7%，累计降息25个基点的概率为15.4%，累计降息50个基点的概率为83.9%。 美东时间9月18日（周四），美国三大股指及罗素2000小型股指数均创盘中和收盘历史新高。英伟达宣布50亿美元入股英特尔！英特尔股 价收涨22.77%，英伟达也涨超3%。 多个指数创历史新高 "美联储在股市处于纪录高位且经济仍在增长之际降息，"Blanke Schein Wealth Management的Robert Schein表示，"这种动态对股市 有利。" 经济数据面，美国首次申请失业救济人数录得近四年来最大减量，美国上周初请失业金人数为23.1万人，预期24万人，前值从26.3万人修 正为26.4万人。 截至收盘，道指涨124.10点，涨幅为0.27%，报46142.42点 ...

智通财经APP获悉，一名美国地方法院法官裁定，亚马逊(AMZN.US)在披露Prime会员服务条款之前就 收集订阅用户的账单信息，此举违反了消费者保护法。这一裁决为美国联邦贸易委员会(FTC)打击该公 司欺骗性行为的行动带来了胜利。 FTC消费者保护局负责人在声明中表示："今天的裁决确认了亚马逊欺骗了美国消费者，因为其在收取 消费者支付信息之前未能披露Prime的所有条款。" 该机构还指控亚马逊隐瞒与案件相关的文件，包括指示员工错误标注与Prime会员相关文件的电子邮 件，并称强制性Prime注册的现象如此普遍，以至于公司不得不为那些有可能重复错误注册的客户创建 一个"更清晰的网络"。 法官还裁定，若FTC在庭审中证明亚马逊存在违法行为，两名亚马逊高管需对此承担相应责任。同时， 禁止亚马逊以《恢复网络消费者信心法案》不适用于Prime会员注册为由进行抗辩。 据悉，FTC正试图证明，亚马逊在未经客户同意的情况下，让数千万消费者注册了Prime会员，并通 过"复杂"的取消方法"破坏"他们取消订阅的努力。该案目前计划于下周(9月22日)开庭审理。而美国地方 法院法官对此作出的上述裁定，使亚马逊在即将到来的庭审中处于 ...

智通财经APP获悉，亚马逊(AMZN.US)已将10月7日至8日定为"Prime Big Deal Days"大促活动日，拉开 假日购物季的序幕。这家电商巨头表示，Prime 会员将能够购买到各品类的优惠商品。该公司还表示， 此次将会有比以往更多的独家优惠活动。 亚马逊在 10 月推出的"Prime Deal Days"大促活动始于 2022 年，当时它是专为亚马逊 Prime 会员设立的 10 月专属购物活动，此后便成为了一项年度固定活动，相当于秋季版的 7 月Prime Day促销活动。10 月 的这一活动旨在提前启动假日购物季，为亚马逊及其合作伙伴在"黑色星期五"之前带来巨大的销售增 长，同时为 Prime 会员提供在科技、家居用品、服装和玩具等热门品类上的大幅折扣优惠。 对于整个零售业而言，亚马逊在 10 月份举办的这场备受瞩目的购物活动引发了类似规模的促销活动热 潮，这使得原本通常在为期四天的"黑色星期五"至"网络星期一"期间进行的大量假日购物提前展开。 ...

目前，亚马逊正引导用户转向"亚马逊家庭"(Amazon Family，前身为Amazon Household)计划。该计划允 许两名居住在同一地址的成年人及最多4名儿童共享Prime会员权益。与此前的受邀用户计划不同，"亚 马逊家庭"要求共享支付方式，但用户在结账时仍可自主选择其他支付方式。 来自伯克希尔地区的33岁的美国工程师杰克·阿米克(Jack Amick)就是其中一员，他10多年来一直依靠父 母的邀请订购生活必需品。如今，亚马逊向阿米克这类受邀用户推出了大幅折扣的一年期Prime会员方 案：首年费用仅需14.99美元，后续则按每月14.99美元的常规价格计费。但据报道，阿米克表示自己很 可能会拒绝这一方案——他居住在农村地区，快递需寄往邮政信箱，因此认为Prime会员的全套权益对 自己价值不大，且更倾向于减少各类订阅服务的支出。 市场研究机构估计，可能有数千万人在未付费的情况下使用Prime免运费服务，不过亚马逊尚未披露官 方数据。《华尔街日报》提到，消费者情报研究伙伴公司(Consumer Intelligence Research Partners，简称 CIRP)的数据显示，美国地区使用Prim ...

Core Viewpoint - Amazon is significantly expanding its same-day delivery service for groceries in the U.S., aiming to enhance its competitive position against Walmart in the e-commerce market [1][4]. Group 1: Expansion Plans - Amazon's same-day delivery service for groceries will increase its coverage from over 1,000 cities to more than 2,300 cities by the end of the year [1]. - The expansion is part of a broader logistics investment, with Amazon planning to invest $4 billion to double its rural delivery network by 2026, adding over 200 delivery stations [3]. Group 2: Market Potential - The grocery retail market in the U.S. represents a significant opportunity, accounting for approximately 43% of adjusted retail sales, yet online penetration is only around 15% [2]. - Amazon's grocery business is projected to exceed $100 billion in revenue in 2024, representing over 20% of its total U.S. gross merchandise volume (GMV) [3]. Group 3: Competitive Landscape - Amazon's move is seen as a direct response to Walmart, which has gained 80 basis points in e-commerce market share, compared to Amazon's 65 basis points [4]. - Amazon's pricing strategy and extensive product selection are expected to help regain market share, with projections indicating a 140 basis point increase in its e-commerce market share to about 47% by year-end [4]. Group 4: Impact on Competitors - The announcement has negatively impacted other grocery delivery platforms like Instacart, which saw a stock price drop of over 10% [5]. - Despite the pressure, Instacart maintains a competitive edge with over 1,800 retail brands on its platform and a significant market share in high-value orders [5]. Group 5: Industry Implications - Amazon's increased involvement in grocery delivery may catalyze overall industry growth, potentially benefiting large retailers like Kroger and Costco that partner with Instacart [6].

Group 1 - Amazon reported a comprehensive growth in Q2 2025, with total revenue increasing by 13% year-over-year to $167.7 billion, driven by double-digit growth in advertising, cloud computing, and subscription services [2] - Advertising revenue reached $15.7 billion, up 22% year-over-year, solidifying its position as a core growth engine for Amazon [2][3] - The company is expanding its advertising reach into streaming, live sports, and gaming, with a new partnership with Roku to cover over 80 million U.S. households [3] Group 2 - Amazon Web Services (AWS) generated $30.9 billion in revenue, reflecting a 17.5% year-over-year growth, as demand for AI applications accelerates [4] - The company is investing heavily in AI infrastructure, with capital expenditures reaching $31.4 billion, primarily for AWS-related AI investments [4] - AWS currently faces a backlog of $195 billion in orders, a 25% increase year-over-year, indicating a surge in demand for AI model deployment and data applications [5] Group 3 - Other revenue segments, including subscription services and third-party seller services, also showed robust growth, with subscription revenue increasing by 11% to $12.2 billion and third-party seller services reaching $40.3 billion, up 10% [6] - Despite a conservative profit forecast for Q3, which led to a 2.5% drop in stock price, this approach is seen as a strategy to allow for future large-scale investments [6] - The company has not experienced significant impacts from global trade uncertainties, demonstrating flexibility and resilience in its supply chain and pricing strategies [6] Group 4 - Amazon is evolving into a "technology infrastructure company," with a balanced focus on retail, advertising, and cloud computing, particularly in the context of the AI revolution [7] - The company's advertising system is becoming a comprehensive ecosystem that connects content, scenarios, and conversions, enhancing its value to brand advertisers [7] - With a solid revenue growth and diversified business structure, Amazon is well-positioned to navigate economic cycles and capitalize on the accelerating adoption of AI technologies [7]

亚马逊的核心业务AWS在第二季度实现了309亿美元的净销售额，同比增长17.5%，高于一季度16.9%的增速。 亚马逊总裁兼首席执行官安迪·贾西 (Andy Jassy) 表示："我们在人工智能领域的全面进步持续提升了我们的客户体验、创新速度、运营效率和业务增长，我 对未来充满期待。" 在零售业务方面，亚马逊表示上半年并未受关税影响而出现客户需求下降或平均价格上涨。 北京时间8月1日，亚马逊公布了2025年第二季度的财报。 财报显示，2025年第二季度亚马逊净销售额增长13%至1667亿美元，高于分析师此前给出的1620亿美元销售额的预期。亚马逊第二季度净利润为182亿美 元，同比2024年第二季度的135亿美元增长了34.8%。亚马逊第二季度的北美销售额增速为11%，低于国际部门16%的增速。 在关税问题上，亚马逊的观点与此前无异。安迪·贾西此前表示尚未看到消费者需求有任何减弱的趋势，甚至亚马逊观察到某些品类的购买量有所增加，这 可能表明人们为了应对潜在关税影响而提前囤货。亚马逊还没有看到零售商品的平均售价有明显上涨。其中的原因包括亚马逊进行了提前采购，亚马逊的第 三方卖家提前入库，以及目前大多数卖家尚未调 ...

Core Viewpoint - Despite a robust increase in consumer spending, there are signs of pressure as consumers become more selective and budget-conscious in their purchasing behavior [1][4][6]. Consumer Spending Trends - Retail spending in June grew by 0.6%, with core spending (excluding volatile sectors like gasoline) increasing by 3.9% year-on-year [1]. - Consumers are cutting back on non-essential items and seeking discounts, indicating a shift towards more selective spending [2][3]. - The trend of selective consumption is evident in the grocery sector, where shopping frequency has increased but average spending per trip has decreased [3]. Impact of Tariffs and Economic Conditions - Certain retail categories, such as furniture, electronics, and appliances, have seen a decline in spending, attributed to the price impact of tariffs [5]. - The recent Amazon Prime Day showed a 30.3% increase in sales, primarily driven by discounts, highlighting consumers' sensitivity to prices [6]. Consumer Behavior Insights - Consumers are prioritizing essential items over luxury goods, with a significant portion indicating a reduction in luxury spending while also considering second-hand options [7]. - The pursuit of value is becoming crucial, even among luxury buyers, suggesting that retailers should emphasize quality and uniqueness in their marketing strategies [7]. Inflation and Consumer Confidence - Rising inflation, with a reported 2.7% year-on-year increase in consumer prices for June, may further weaken consumer confidence [8]. - Despite concerns over tariffs and potential price increases, a strong job market and low unemployment are providing a foundation for consumer spending [9]. Conclusion - Overall, while consumer spending remains strong, the shift towards more cautious and value-driven purchasing behavior reflects underlying economic uncertainties and inflationary pressures [4][8].