Tag Archives: Amazon

Amazon (AMZN) reported better-than-expected first-quarter results on Thursday, with quarterly revenue surging past $100 billion again. Here’s what the company reported in its fiscal first-quarter results, compared to consensus estimates compiled by Bloomberg: Revenue increased 44% to $108.5 billion in the quarter versus $75.5 billion in the same quarter a year ago. During the first quarter, Amazon’s core online stores business saw its net sales grow 44% to $52.9 billion compared to $36.65… Source link

TipRanks Buy These 2 New Stocks Before They Jump Over 60%, Says Goldman Sachs The S&P 500 is showing a 6-month gain of 24%. Stocks generally have been gainers as the coronavirus crisis recedes, economies reopen, and the Federal Reserve remains committed to low-rate regime. In this environment, it’s no wonder that many companies are considering going public through an IPO. The high-return environment we’re experiencing right now makes the IPO attractive as a way to not just raise capital… Source link

Technology giants, including Alphabet Inc.’s Google and Amazon.com Inc., spent millions on lobbying in the first quarter of 2021 as they face heightened scrutiny from Democrats and Republicans over alleged anticompetitive practices. Google spent $2.7 million on federal lobbying in the three months ending March 31, according to disclosures filed with Congress. That’s a 49% increase from the same period a year earlier, and comes as the company has been steadily increasing its Washington… Source link

Law360 (April 22, 2021, 6:21 PM EDT) — The Patent Trial and Appeal Board has struck down several claims of a communications patent involved in parallel infringement litigation against Google and Amazon in the Western District of Texas, finding the claims obvious over prior art. In a 79-page decision issued Wednesday, the PTAB invalidated each of the challenged claims in Hammond Development International Inc.’s communications systems patent for being obvious due to three published… Source link

Topline Three of the most dominant tech companies in the world — Facebook, Amazon and Google parent Alphabet — have never paid a dividend to shareholders, instead choosing to use their available capital to generate high growth through acquisitions and investing in internal businesses, but may be compelled to once they mature and growth slows. MARCH 25th 2021: Facebook CEO Mark Zuckerberg, Google (Alphabet Inc.) CEO Sundar Pichai and Twitter … [+] CEO Jack Dorsey testify before… Source link

Amazon’s founder Jeff Bezos acknowledged Thursday that his new annual letter to shareholders would be his last as CEO. But that reiteration has done nothing to shake Wall Street’s confidence in the e-commerce behemoth’s future financials, although the leadership change is being very closely watched for potential stumbles.   “Well, I think Bezos probably goes down as the best entrepreneur of this generation in a way like Steve Jobs was and Bills Gates was. We’ll see about the next generation…. Source link

TipRanks Raymond James Predicts Over 60% Rally for These 2 Stocks Bouncing back with incredible force, the S&P 500 has gained 50% over the past 12 months, with the index now landing just shy of its 52-week high. This impressive charge forward has come as investors shrug off COVID-19’s devastating impact on the economy. Going ahead, Raymond James strategist Tavis McCourt believes we’re looking at a prolonged period of higher interest rates, higher taxes, and abundant economic growth. “[It]… Source link

Amazon (AMZN) has clinched victory against a union drive at its warehouse in Alabama, the National Labor Relations Board (NLRB) said Friday, striking a blow to labor organizers in a vote that captured national attention. The NLRB, which tallied the ballots, found that 1,798 votes were cast against the union and 738 were cast in favor. While 76 ballots were void and 505 were challenged, Amazon’s victory was decisive. The Retail, Wholesale, and Department Store Union, or RWDSU, said on Friday… Source link

[unable to retrieve full-text content]Google, Facebook and Amazon face new UK regulator  BBC News Source link

In a new interview with Yahoo Finance, U.S. Labor Secretary Marty Walsh suggested the results of a historic union vote at an Amazon (AMZN) warehouse in Alabama are imminent. He also objected in general terms to anti-union “intimidation” amid concerns over a campaign waged by Amazon to dissuade workers from supporting the organizing drive. “The Amazon situation — we’re going to see what the result of the vote is in the next few days,” Walsh says. Vote-tallying by the National Labor Relations… Source link