|Day's Range||9.47 - 11.15|
Amazon (NASDAQ: AMZN) shares have popped by about 40% since the start of 2023. The tech giant's domination of some of the world's fastest-growing and most lucrative industries, from e-commerce to cloud computing, not to mention its growing footprint in other fast-growing spaces like entertainment, healthcare, groceries, and more, has given it a moat that few other companies have been able to penetrate at scale. It's also important to understand that no company is wholly impervious to the operating environment in which it exists.
WASHINGTON (AP) — Amazon will pay more than $30 million to settle alleged privacy violations involving its voice assistant Alexa and its doorbell camera Ring. The Federal Trade Commission voted to file charges in two separate cases Wednesday that could also force the company to delete certain data collected by its popular internet-connected devices. In the Alexa case, the FTC said Amazon had deceived users of the voice assistance service for years. It retained children’s recordings indefinitely
SEATTLE (AP) — Telling executives to “strive harder,” hundreds of corporate Amazon workers protested what they decried as the company's lack of progress on climate goals and an inequitable return-to-office mandate during a lunchtime demonstration at its Seattle headquarters Wednesday. The protest came a week after Amazon's annual shareholder meeting and a month after a policy took effect returning workers to the office three days per week. Previously, team leaders were allowed to determine how t
Amazon UK Services received tax credit of £7.7m for investment in infrastructure under Rishi Sunak’s super-deduction scheme
The global marketplace and technology firm said it invested more and generated higher revenues over 2022.
Wall Street finished the month of May on a down note, with major market benchmarks giving back a portion of their recent gains. Declines for the Nasdaq Composite (NASDAQINDEX: ^IXIC) and S&P 500 (SNPINDEX: ^GSPC) were slightly worse than the daily drop in the Dow Jones Industrial Average (DJINDICES: ^DJI), but overall, the Nasdaq posted strong gains for the month even as the Dow fell significantly.
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Some Amazon.com Inc employees staged a walkout on Wednesday in protest of the e-commerce giant's changes to its climate policy, layoffs and a return-to-office mandate. More than 1,900 employees had pledged to protest globally, according to the organizers, an activist group known as Amazon Employees for Climate Justice (AECJ). Amazon said it had not observed actions other than in Seattle.
Amazon and a subsidiary have agreed to pay millions to settle two separate privacy cases against its Alexa and Ring doorbell devices. Both cases were taken by US government consumer watchdog, the Federal Trade Commission (FTC), and Amazon denies violating the law. In a case against the Alexa voice assistant, Amazon agreed to pay $25m (£20.1m) to the regulator.
(Bloomberg) -- A few hundred Amazon.com Inc. employees walked off the job Wednesday to protest the company’s return-to-work policies, impact on the climate and deepest-ever round of layoffs. Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthDebt-Limit Deal Wins House Passage, Easing US Default ConcernsS&P 500 Almost Wipes Out Its Monthly Advance: Markets WrapHedge Funds Are Deploying ChatGPT to Handle All the Grunt WorkElon Musk Again World’s Richest Person as Arna
(Bloomberg) -- Amazon.com Inc. agreed to pay $30.8 million to resolve two cases brought by the Federal Trade Commission Wednesday related to privacy lapses by its smart devices.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthDebt-Limit Deal Wins House Passage, Easing US Default ConcernsS&P 500 Almost Wipes Out Its Monthly Advance: Markets WrapHedge Funds Are Deploying ChatGPT to Handle All the Grunt WorkElon Musk Again World’s Richest Person as Arnault’s LVMH Sin
WASHINGTON (Reuters) -A former employee of Amazon.com's Ring doorbell camera unit spied for months on female customers in 2017 with cameras placed in bedrooms and bathrooms, the Federal Trade Commission said in a court filing on Wednesday when it announced a $5.8 million settlement with the company over privacy violations. Amazon also agreed to pay $25 million to settle allegations it violated children's privacy rights when it failed to delete Alexa recordings at the request of parents and kept them longer than necessary, according to a court filing in federal court in Seattle that outlined a separate settlement. The FTC is also probing Amazon.com's $1.7 billion deal to buy iRobot Corp, which was announced in August 2022 in Amazon's latest push into smart home devices, and has a separate antitrust probe underway into Amazon.
Last year was a big year for stock splits. The move to split a stock doesn't change a company's market value -- but by offering more shares to current holders, it lowers the price of each individual stock. Two of last year's stock split companies have climbed in the double digits this year.
Back in 2011, Warren Buffett's Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) bought a 5.4% stake in IBM (NYSE: IBM) at an average price of $170 per share. Today, IBM's stock trades at about $130, so if you had followed Buffett's lead and invested $1,000 into IBM at $170 a share in 2011, your investment would only be worth $765 today.
Find out why these two stocks could be your ticket to impressive returns in the market's next bull run.
All Nippon Airways has launched an NFT marketplace, making Japan's largest carrier the first airline group to venture into the sale of digital collectibles.
SEATTLE, May 30, 2023--Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), today announced the general availability of Amazon Security Lake, a service that automatically centralizes an organization’s security data from across their AWS environments, leading SaaS providers, on-premises environments, and cloud sources into a purpose-built data lake, so customers can act on security data faster and simplify security data management across hybrid and multicloud environments.
Nvidia shares have skyrocketed this year, up more than 175% since the start of 2023. It's all thanks to the rise of generative AI. Really powerful chips called graphics processing units (GPUs) are needed to power these new AI systems. These are the kinds of GPUs Nvidia makes. Despite it's rise, Nvidia does have its detractors. ARK Invest's (ARKK) Cathie Wood explained why her firm sold their Nvidia shares back in January, saying the stock was overpriced. Nvidia's strong performance has sent the its stock not just to new highs, but granted it entry to an exclusive club: the stocks that have a market cap of $1 trillion plus. Nvidia (NVDA) joins such tech giants as Apple (AAPL), Alphabet (GOOGL), Microsoft (MSFT), Amazon (AMZN) in the club. Apple was the first member, surpassing the $1 trillion mark in August 2018. Former members of the club include Meta (META) and Tesla (TSLA), which now have market caps of $600 billion+. Yahoo Finance's Brad Smith tells Seana Smith and Akiko Fujita how it took Nvidia about 24 years to become a $1 trillion company and how that compares to other members' rise. Key video moments: 00:00:20 $1 Trillion club members 00:00:44 How Nvidia compares to other $1T members 00:01:35 How AI boosted Nvidia shares
The company reshapes the way businesses use data and develop applications, and it's currently breaking new ground in the artificial intelligence (AI) arena. Snowflake stock went public in 2020 with an impressive list of investors, including Berkshire Hathaway, the conglomerate run by Warren Buffett. Investors seem to be concerned about slowing revenue growth, which could get worse given management just reduced its guidance for the full fiscal 2024 year (ending Jan. 31, 2024).
Key Insights Significantly high institutional ownership implies Amazon.com's stock price is sensitive to their trading...
Remember when Amazon (NASDAQ: AMZN) was best known for selling books online? The company dominates the e-commerce sector. There is almost nothing you can't find available for purchase (with free shipping) on Amazon.
Visa, along with Mastercard, effectively form a duopoly in the payment-processing market. A recent study shows that Visa (53%) and Mastercard (32%) make up 85% of credit cards. Mastercard is also a terrific company, but Visa's market share is superior.
Retailer hopes to encourage more people back to work as strikes continue over pay and conditions
Artificial intelligence (AI) is hot right now. My prediction is that six AI stocks will be worth a combined $20 trillion or more by 2030. It's no coincidence that 6 out of the 7 biggest stocks based on market cap that trade on U.S. exchanges have a major focus on AI.
Artificial intelligence (AI) has been the talk of the investment community in 2023, as a number of companies have showcased the potential of their game-changing projects -- from OpenAI's ChatGPT to Alphabet's new large language model, Bard, designed for its Google Search platform. The potential of this new technology is becoming increasingly clear, and the estimates for its impact on the broader economy are mind-boggling. Research firm McKinsey & Company thinks it could add $13 trillion to global economic activity by 2030, whereas Ark Investment Management predicts that number could be $200 trillion.