Tag Archives: Amazon

Stock futures opened sharply higher Thursday evening as investors looked ahead to a key new report on the labor market and considered a fresh set of earnings results from several major index components. Contracts on the S&P 500 gained more than 1% as the overnight session kicked off. Nasdaq futures also jumped. Earlier, the Nasdaq Composite index sank by 3.7% for its worst single-day decline since September 2020. Oil prices also remained in focus on Thursday as U.S. West Texas intermediate… Source link

(Bloomberg) — Amazon.com Inc. reported a strong holiday quarter, calming Wall Street’s concerns that the company was headed for a slowdown. Most Read from Bloomberg Profit beat expectations, helped by the cloud-computing division, and investors cheered a price hike for the company’s Prime subscription service. The shares jumped as much as 19% in extended trading. The reaction highlights the importance of Amazon’s diversification from its e-commerce roots. Online store sales actually… Source link

Amazon (AMZN) reported fourth quarter results on Thursday and announced it will raise its Prime membership fee to $139 per year from $119 in the U.S. The stock is soaring in after-hours. These are the top- and bottom-line results for Amazon’s fourth quarter. Earnings per share: $27.75 vs $3.77 expected Revenue: $137.4 Billion vs $137.82 Billion expected AWS net sales: $17.78 Billion vs $17.23 Billion expected This is the third time since the launch of Amazon Prime that the e-commerce giant… Source link

Text size It’s another big week for tech stocks, with results coming from Google, Amazon, Meta, and others. Denis Charlet/AFP via Getty Images … Source link

And just like that, struggling Kohl’s is one of the hottest commodities on Wall Street.  Guggenheim retail analyst Robert Drbul said in a new research note on Friday Amazon could express interest in buying Kohl’s. “Among the opportunities would be 1) customers, 2) categories, and 3) locations,” Drbul said. “For customers, according to Numerator, ~62% of Kohl’s shoppers are Prime members today, so there may be an incremental Prime opportunity for Amazon. Numerator data also shows that Kohl’s… Source link

Google is working on a lower-end Chromecast with Google TV that would slot in below its current model in price — and also video resolution. According to Protocol’s Janko Roettgers, the upcoming, cheaper Chromecast will run the same Google TV software as the existing hardware and will still include a remote control. But it will be limited to a maximum of 1080p video quality. Playing to that limitation, Protocol believes Google might market the device as “Chromecast HD with Google… Source link

To say that Big Tech controls the internet might seem like an exaggeration. Increasingly, in at least one sense, it’s literally true. The internet can seem intangible, a post-physical environment where things like viral posts, virtual goods and metaverse concerts just sort of happen. But creating that illusion requires a truly gargantuan—and quickly-growing—web of physical connections. Fiber-optic cable, which carries 95% of the world’s international internet traffic, links up pretty… Source link

Amazon’s (AMZN) stock has had a rough 12 months. While the S&P 500 has gained as much as 24% and Microsoft (MSFT) has jumped 48%, Amazon’s stock has risen just 4%. But at least one analyst believes the stock is set for a rebound in the second half of 2022. “This is a company that faced a lot of inflation and supply chain risks in the back half of the last year,” Evercore ISI’s Mark Mahaney told Yahoo Finance Live. “I think all of those will be absorbed into the business model or… Source link

Smart speakers and their respective personal assistants like Amazon Alexa or Google Assistant are a convenient way to stream your favorite music, control your smart home gadgets and ask nearly any question that may cross your mind. The best part? You can get started for less with Amazon’s $34.99 Echo Dot and Google’s $24.99 Nest Mini, the least expensive smart speakers you can get. But which one is best for you? Here’s everything… Source link

The antitrust bills’ supporters accuse the tech giants of spreading baseless fears and stoking small businesses’ anxieties to blunt the growing anti-monopoly momentum in Congress. But the effort shows that the companies’ networks of data centers, warehouses, business partnerships and legions of users have given Amazon and Google a huge number of potential allies in their showdown with Washington. “I’m glad in this case Amazon is deploying people like me,” said Kristin Rae, the… Source link