Tag Archives: Amazon

Affirm (AFRM) is poised to show investors a major jolt in its top and bottom lines amid its new tie-up with Amazon (AMZN).  Shares of Affirm exploded more than 40% in pre-market trading on Monday after unveiling a new partnership with Amazon. The stock was the No. 1 trending ticker on the Yahoo Finance platform, too. Under the deal, Affirm — a leader in the buy now, pay later space — will help Amazon consumers finance large purchases.  Select Amazon customers will now have the option to… Source link

President Joe Biden is set to have his first high-profile meeting with the heads of some of the world’s biggest tech companies on Wednesday in Washington to discuss improving the nations’ cybersecurity preparedness and supply chain security. Newly minted Amazon (AMZN) CEO Andy Jassy will be among the attendees, people familiar with the matter told Yahoo Finance. Apple (AAPL) CEO Tim Cook and Microsoft (MSFT) CEO Satya Nadella are also on the guest list, Bloomberg reports. The meeting,… Source link

If Amazon (AMZN) truly wants to get into the department store business, it may have an easier option to consider than trying to build out large locations across various parts of the country.  In fact, the option would be pretty turnkey, fancies one long-time retail strategist. “Amazon should be out there buying Kohl’s. They’ll get their 1,000 stores in one felt swoop, and they can put anything they want into them. The stores on average are 25,000 square feet bigger than they need to be,”… Source link

Jen Easterly, nominee to be the Director of the Homeland Security Cybersecurity and Infrastructure Security Agency, testifies during her confirmation hearing before the Senate Homeland Security and Governmental Affairs Committee on June 10, 2021 in Washington, DC. Kevin Dietsch | Getty Images Amazon, Google and Microsoft are among several tech companies that have agreed to join a government effort to fight ransomware as cyber attacks have become regular threats to U.S. organizations. The… Source link

What happened: A new report indicates Amazon.com Inc. (NASDAQ: AMZN) needs to invest billions of dollars into the expansion of its warehouse and delivery system to keep up with consumer demand. Reuters reports the online retailer is running out of space and available labor. Amazon has almost doubled its network of warehouses in an 18 month period, although more investments are being planned. Why it’s important: Amazon is “running out of labor,” according to Andrea Leigh, vice president… Source link

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.)    * Amazon falls as sales growth slows    * Pinterest sinks on saying U.S. user growth stalling    * U.S. consumer spending rises in June, inflation increases    * Indexes off: S&P 0.35%, Nasdaq 0.71%, Dow 0.08% (Updates to open)    By Sagarika Jaisinghani    July 30 (Reuters) – The Nasdaq and S&P 500 indexes fell on Friday following a glum quarterly earnings report from… Source link

Amazon’s second quarter underscored its ongoing dominance in all things retail and cloud services, but some squishy aspects to the earnings release have investors in profit-taking mode.  Shares of the tech beast dropped more than 6% in pre-market trading on Friday after the company surprisingly missed on sales estimates. Several factors in the report are likely weighing on the minds of investors.  First, the headline sales miss marked the first time Amazon (AMZN) missed consensus revenue… Source link

(Bloomberg) — U.S. equity futures slid with stocks Friday as investors worried about slowing growth at megacap technology companies and risks from China’s regulatory crackdown. Treasuries and the dollar rose. Nasdaq 100 contracts slid more than 1% as Amazon.com Inc. tumbled in extended trading after its sales outlook missed expectations, adding to this week’s cautious forecasts from Facebook Inc. and Apple Inc. S&P 500 futures also fell. Stocks resumed declines in Hong Kong and China, a… Source link

S&P 500 and Dow futures opened slightly higher, while Nasdaq futures sank as the overnight session kicked off to track a decline in heavily weighted component Amazon.  The three major indexes had closed out Thursday’s regular session higher as investors contemplated more corporate earnings results and a second-quarter U.S. GDP report that missed lofty economists’ expectations. But traders appeared to take the latest economic data as a sign bolstering the Federal Reserve’s case to keep… Source link

Tech juggernaut Amazon (AMZN) reported its Q2 2021 earnings after the closing bell on Thursday, missing expectations on revenue and falling short on Q3 guidance. Here’s are the most important numbers from Amazon’s report compared to analysts’ expectations as compiled by Bloomberg. Revenue: $113.08 billion versus $115.06 billion expected EPS: $15.12 versus $12.22 expected AWS revenue: $14.81 billion versus $14.18 billion expected Amazon’s stock was off as much as 5% following the earnings… Source link