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Amazon Temporarily Closes Some Warehouses In Florida Due To Hurricane Ian

Benzinga Real-time News · Sep 28, 2022 06:02

CMCSA +1.00% DIS -0.06% AMZN +2.04%

Amazon.com, Inc (NASDAQ:AMZN) temporarily closed warehouses in parts of Florida as a safety precaution ahead of Hurricane Ian.
Amazon, on September 27, shuttered sites near Tampa and Orlando, CNBC reports citing internal notices.
Amazon expects the facilities to remain closed until September 30.
Also Read: After Workplace Safety, Pay And Unionization Concerns, A Study Claims Amazon Is Hiring Hazardous Trucking Companies
Walt Disney Co (NYSE:DIS) and Comcast Corp (NASDAQ:CMCSA) Universal Studios closed their Orlando-based theme parks ahead of the storm. Several airports in the state also announced closures.
FEMA and the White House advised Florida residents to heed local officials' evacuation warnings.
The hurricane hit Cuba already and marked the first Category 3 hurricane to make landfall in the country in 14 years.
Recently, Amazon suspended the construction of new warehouses in Spain until 2024 as pandemic-driven online shopping has slowed down.
Amazon abandoned many existing and planned facilities around the U.S. due to slow sales growth.
Amazon also planned to shut down delivery stations in Hanover and Essex, near Baltimore.
Amazon sought to sub-lease at least 10 million square feet of warehouse space.
Price Action: AMZN shares closed lower by 0.64% at $114.41 on Tuesday.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeline for any particular purpose of the above content.

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In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).

In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS). Moomoo Financial Singapore Pte. Ltd. is a Capital Markets Services Licence (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore.

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In Malaysia, investment products and services available through the moomoo app are offered through Moomoo Securities Malaysia Sdn. Bhd. ("Moomoo MY")regulated by the Securities Commission of Malaysia (SC). Moomoo Securities Malaysia Sdn. Bhd. is a Capital Markets Services Licence (License No. eCMSL/A0397/2024) holder. This advertisement has not been reviewed by the SC.

Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd.，Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc., and Moomoo Securities Malaysia Sdn. Bhd. are affiliated companies.

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The moomoo app is an online trading platform offered by Moomoo Technologies Inc. Securities, brokerage products and related services available through the moomoo app are offered by including but not limited to the following brokerage firms: Moomoo Financial Inc. regulated by the U.S. Securities and Exchange Commission (SEC), Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS), Futu Securities International (Hong Kong) Limited regulated by the Securities and Futures Commission of Hong Kong (SFC), Moomoo Financial Canada Inc. regulated by the Canadian Investment Regulatory Organization (CIRO) and Futu Securities (Australia) Ltd regulated by the Australian Securities and Investments Commission (ASIC).

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