AMZN Jun 2023 200.000 put
| Previous Close | 87.90 |
| Open | 87.90 |
| Bid | 79.55 |
| Ask | 80.20 |
| Strike | 200.00 |
| Expire Date | 2023-06-16 |
| Day's Range | 87.90 - 87.90 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 1 |
Yahoo FinanceEighty-two percent of millennials worry AI will threaten their pay, survey says
Investors believe AI is the latest tech revolution. Millennial workers are worried this will mean less pay for the same work.
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The stock market is on a growth path, with the Nasdaq Composite index up 24% since Jan. 1. However, in the first quarter of 2023 Amazon's North America segment returned to profitability, hitting $898 million in operating income, while its international earnings also marginally improved.
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I'm no fan of the saying, "Sell in May and go away." Unsurprisingly, and in keeping with The Motley Fool's guidance, I tend to hold stocks for the long term. In fact, rather than selling in May, I'm adding shares to my portfolio this month.
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To tap into this massive opportunity, check out what three top e-commerce stocks -- Chewy (NYSE: CHWY), Shopify (NYSE: SHOP), and Amazon (NASDAQ: AMZN) -- are doing right now. Investors have slowly walked away from the stock this year after Chewy reported in March that its active customers declined 1% in 2022 to 20.4 million. For one thing, the company significantly increased prices last year, which resulted in net sales per active customer increasing 15% year over year in the fourth quarter.
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- Thomson Reuters StreetEvents
Q1 2023 Mace Security International Inc Earnings Call
Q1 2023 Mace Security International Inc Earnings Call
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Costco Wholesale and Target both reported year-over-year decreases in e-commerce sales in their most recent quarterly reports, and many smaller e-commerce companies are in the same boat. Amazon, the indomitable king of e-commerce, has been struggling with too much infrastructure, slowing sales growth, and high pandemic-fueled growth that's harder to build on now. It operates a business-to-business platform offering cross-border solutions for online retailers.
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Share prices of Chewy (NYSE: CHWY) are down 18% year to date. Slowing revenue growth coming out of the pandemic and losses on the bottom line have weighed on the stock for the last year. Pets are part of the family, and Chewy is emerging as the go-to online destination for convenient access to a large selection of pet food and other essentials.
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Microsoft (NASDAQ: MSFT) unveiled a series of new artificial intelligence (AI) projects and features at its Build 2023 conference on Tuesday. Copilot is an AI-powered virtual assistant that will be integrated across Microsoft's Windows 11 operating system -- making it easy for users to get answers to questions, rewrite text, and perform functions across different applications. Microsoft co-founder and former CEO Bill Gates believes that personal-assistant technology will play a key role in deciding who ultimately emerges as AI's biggest winner -- and it could mean trouble for Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) and Amazon (NASDAQ: AMZN).