1,805.55 -0.05 (-0.00%)
After hours: 6:22PM EDT
|Bid||1,804.71 x 1000|
|Ask||1,806.00 x 1400|
|Day's Range||1,800.60 - 1,829.28|
|52 Week Range||1,307.00 - 2,050.50|
|Beta (3Y Monthly)||1.58|
|PE Ratio (TTM)||74.91|
|Earnings Date||Oct 23, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2,261.27|
HyperChange founder and CEO, Galileo Russell explains to Yahoo Finance why he thinks Tesla is should not sell itself to another company.
Billionaire and Republican donor Stephen Ross said it was “tremendously” a mistake for Rep. Alexandria Ocasio-Cortez to oppose Amazon HQ2.
Brazilian President Jair Bolsonaro has said his government lacks the resources to fight wildfires devastating the Amazon rainforest. Speaking to reporters on Thursday, he said Brazil was in "chaos" and that his government could only send "40 men" to fight the extensive fires. Mr Bolsonaro also denied accusing environmental groups of starting the fires, saying he was merely airing his suspicions when he spoke previously on the issue.
MUMBAI/BENGALURU (Reuters) - Amazon.com Inc is set to snag a minority stake in India's Future Retail Ltd , which operates more than 900 stores in India and owns several supermarket brands, including Big Bazaar. In a regulatory filing late on Thursday, Future Retail said Amazon has agreed to acquire a 49% stake in Future Coupons Ltd. That entity in turn owns a 7.3% interest in Future Retail, according to prior regulatory filings. The companies did not disclose the value of the deal, which gives Amazon a 3.58% stake in the brick-and-mortar retailer, whose stores sell everything from clothes to fresh produce.
Fed and manufacturing news, retail updates, including Target's (TGT) impressive report, why Alibaba (BABA) is a Zacks Rank 1 (Strong Buy) stock, and more on this episode of Free Lunch here at Zacks.
Amazon Business could tap 5% of the international e-commerce market by 2021. The global B2B e-commerce market could be worth $9 trillion by 2021.
The software company Palantir has renewed its contract with the controversial Immigration and Customs Enforcement federal agency. Gothamist The Palo Alto data company announced it has re-upped its contract with ICE for the next three years, for a grand total of $49,874,018.14. Palantir will provide Investigative Case Management System software to ICE, which will use it to screen immigrants and determine whether they can stay. The company was first awarded the contract in 2014, and ICE’s system is based on Palantir's commercial Gotham software, which is used for managing, securing, and analyzing data. Icebreaker While Palantir is cool working with ICE, a lot of tech employees would rather not. The agency has been accused of violating human rights, as at least 24 people have died in ICE’s custody and the detention centers the agency places detainees in are reportedly dangeroulsy overcrowded. Palantir’s software is hosted by Amazon’s cloud computing services, much to the dismay of many of the tech giant’s employees, who are urging the company to cut all ties with ICE, recently posting a widely viewed internal letter arguing that working with the company harms Amazon’s reputation. Stop It As news reports about ICE’s treatment of immigrants have proliferated this summer, so have calls from shareholders and employees to stop working with immigration agencies. Google employees are petitioning the company not to bid on ICE contracts, and Microsoft employees also want their company to not work with ICE. Last May, Amazon shareholders rejected proposals to stop selling their facial recognition technology to government agencies, as ICE uses it to search through driver’s license databases, and to investigate the extent to which it violated privacy. Amazon has said it would be okay with some government regulation of the technology. -Michael Tedder Photo by Palantir.com
Since August 14, Amazon (AMZN) has risen 3.4%. In the same period, the SPDR S&P; 500 ETF (SPY) has risen 3.0%. Let's see why AMZN outperformed.
President Trump thinks that the warnings about a US economic slowdown or even a recession are a conspiracy. He thinks that economic warnings are fake news.
(AMZN) – Amazon today announced that AmazonFresh has expanded to three new cities: Houston, Minneapolis and Phoenix. Beginning today, Prime members in those cities can shop tens of thousands products from meat and seafood to fresh produce and everyday essentials for free two-hour delivery from AmazonFresh.
Google (GOOGL) plans to introduce a new small-size smart speaker called Nest Mini. About $23 billion is up for grabs in the smart speaker market.
(Bloomberg) -- ActBlue, the online money machine, was designed to fuel Democratic politics through small-dollar donations. But it turns out that chief executive officers, lawyers and other deep-pocketed donors like the convenience of a one-click stop to max out on contributions in the presidential nomination contest.While two-thirds of the money flowing through the platform came from millions of donations in amounts of $200 or less, thousands of contributors used ActBlue to give candidates the maximum amount allowed, Federal Election Commission data shows. That made the organization a conduit for the big donors and bundlers whose influence it says it wants to reduce.“We certainly should not expect a major change in the types of people who give to campaigns just because there’s a more convenient way of doing so,” said Matt Grossmann, a political scientist at Michigan State University.Launched in 2004 in part to battle the influence of big money in politics, ActBlue is for the first time the main fundraising tool for each of the Democratic presidential campaigns.ActBlue’s mission is to make it easier for individuals to contribute to candidates and causes, and it’s processed a total of $3.7 billion in that time. Of the $212 million that the 2020 Democratic presidential candidates collectively raised through the second quarter of 2019, about 75% came through ActBlue.Executive director Erin Hill said in an email that ActBlue’s average donation in 2019 is $32.99. “Our mission has always been about empowering small-dollar donors and grassroots giving,” she said.Yet the ease of using ActBlue to contribute has appeal well beyond small-dollar donors, as is apparent in the FEC data.Although campaigns have touted the online donations they’ve received from public schoolteachers, Amazon.com Inc. warehouse workers and Walmart Inc. employees, donors identifying themselves as lawyers gave more money -- $9.9 million -- than those specifying any other occupation.Top executives gave more money, $1.7 million, than nurses, who gave $1.4 million. They included Joshua Bekenstein, co-chairman of Bain Capital LP, Seth Klarman of the Baupost Group LLC and Ralph Schlosstein of Evercore Partners, along with heads of much smaller firms and some nonprofit organizations.Klarman gave $5,600 -- $2,800 for both the primaries and the general election -- to Pete Buttigieg, Amy Klobuchar and Michael Bennet using ActBlue, while Schlosstein used the platform to give $2,800 to Joe Biden, Cory Booker, Beto O’Rourke and Klobuchar, and $5,600 to Bennet. Bekenstein gave $2,800 to Klobuchar.“The wealthiest donors also want to be able to make a donation with one click,” said Sheila Krumholz, executive director of the non-partisan Center for Responsive Politics, which studies the role of money in the political process.Krumholz says that most of the Democratic field is trying to gather as many donations as possible from small-dollar donors, while also maximizing outreach to major donors. The notable exceptions are Bernie Sanders and Elizabeth Warren, both of whom have sworn off fundraisers with deep-pocketed contributors.Most candidates’ ActBlue numbers reflect the dual strategy. A little more than a third of the presidential campaign donations came from addresses with zip codes where mean household income is in the top 20% – about $214,000 in 2016, the most recent year for which tax data is available. Those with an average income of around $59,000 provided 29%.Through June, 44% of Buttigieg’s donors using ActBlue came from zip codes in the top income group, the highest proportion among candidates who have raised more than $10 million. Kamala Harris was second, at 42%, followed by Biden at 38% and O’Rourke at 37%. That’s in sharp contrast to Sanders, who got 43% of his contributions from addresses in middle income areas. Just 17% of his contributions came from top income areas.Warren, who announced that she was abstaining from big-dollar fundraising in February, also got the biggest share, 31%, of her money from the middle income group, while those living in zip codes in the top income areas gave 29%. Her biggest support came from the group between the two, who donated 33% of her total.In the 10 most generous zip codes, a little more than 1,500 donors giving $1,000 or more accounted for 56% of the total. More than 60,000 small-dollar donors combined to give 30%.Among the big givers were Mark Gallogly and Jeffrey Aronson of Centerbridge Partners, Andy Spahn, a Los Angeles-based Democratic bundler, and Daniel Cruise, the chief public affairs officer at Juul Labs Inc. All earmarked their contributions to presidential candidates through ActBlue.ActBlue has drawn in some very small-dollar donations – nearly 10% came in amounts of $3 or less, in part fueled by candidates’ need to add 130,000 unique donors to qualify for the debate in Houston next month. Some $2 million of those minimal donations went to Sanders, who has the highest number of unique donors.Grossmann says that Sanders, the self-described Democratic Socialist, is enjoying the benefits of the broad, small-dollar donor base he built in 2016, but he’s seeing far less than other candidates from traditional donors.Krumholz said ActBlue has had the biggest effect on campaigns like those of Warren and Sanders, who can forgo the time-consuming process of raising money from smaller numbers of donors by relying on the online platform. She added that she isn’t persuaded that it’s changed the makeup of donors.“It’s simply a mechanism that both candidates and donors find useful,” she said.To contact the reporter on this story: Bill Allison in Washington at firstname.lastname@example.orgTo contact the editors responsible for this story: Sara Forden at email@example.com, Wendy Benjaminson, John HarneyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Amazon (AMZN) today announced 150 tools and services have been launched since the beginning of the year to help independent small and medium-sized businesses grow their sales in Amazon’s stores. Tools like Sold by Amazon help sellers manage the pricing of their products in Amazon’s stores, while fulfillment tools like Target Inventory Levels allow sellers to better manage their Fulfillment by Amazon (FBA) inventory and, in turn, increase sales.
(Bloomberg) -- Amazon.com Inc., criticized for wielding too much power over third-party merchants on its marketplace, said it will spend some $15 billion this year to help them boost sales.The sum, which Amazon hasn’t previously disclosed, includes spending on portions of the company’s warehouse network dedicated to storing and shipping sellers’ items as well as salaries for the engineers, managers and support staff who operate the digital marketplace and deal with individual merchants. It also includes the cost of developing new services, such as a dashboard that helps sellers decide what new products to carry, and a revamped training program.Nicholas Denissen, a vice president, declined to say how the company’s anticipated $15 billion in spending had changed from 2018 or what portion of Amazon’s companywide expenses it represents. “I would say it’s a lot of money,” he said.Besides buying and selling goods itself, Amazon has for more than a decade rented space on its website to third-party sellers -- many of them mom-and-pop merchants -- who last year accounted for 58% of the company’s unit sales.Many of these sellers have built profitable businesses on Amazon, but some have complained in recent years about the rising costs of using the company’s logistics network and buying ads to stand out on the increasingly cluttered website. Some have tried to reduce their reliance on the site by selling their wares on Walmart.com and EBay but are resigned to the fact that Amazon generates most of their sales.Denissen said Amazon has been responsive to seller feedback. “I can’t think of one meeting or one day I’ve been in where somebody isn’t obsessing or fighting on behalf of selling partners,” he said.The Seattle-based company’s relationship with independent sellers has also drawn scrutiny amid a broader examination of whether U.S. tech giants are violating antitrust law. The European Union is investigating whether Amazon is shortchanging smaller merchants. In the U.S., the Federal Trade Commission has spoken to at least one Amazon seller, and the regulator’s chairman said he would be interested in hearing from more.Amazon in the last few years has made merchants fixtures of its marketing and lobbying campaigns, an effort to portray itself as a friend of the little guy rather than a behemoth putting Main Street shops out of business. Denissen, who for the last few years oversaw new programs geared toward small- and craft-sellers as vice president of “marketplace business,” took on a new title in July as VP of “small business.”“Think of me a little bit as the voice of small businesses,” inside Amazon, he said.This year the company rolled out reduced storage fees for sellers who take Amazon’s suggestions on inventory levels and a program that automates pricing while guaranteeing merchants a minimum price. One service, a seller performance dashboard, is designed to warn sellers who aren’t meeting Amazon standards before cutting them off. The company has released more than 150 new tools, including programs made widely available after initial launches in the U.S.“Their success is our success,” Denissen said of Amazon’s sellers. “We’d be more than stupid to not listen to them, or ignore any concerns that they have.”To contact the reporter on this story: Matt Day in Seattle at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Robin Ajello, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.