It's going to be Christmas in October for consumers after Amazon (NASDAQ: AMZN) announced it would be holding a second Prime Day event this year. Dubbed the Prime Early Access Sale, the e-commerce extravaganza will be held on Oct. 11 and Oct. 12. The event is ostensibly intended to fire up consumers who are reeling from inflation ahead of the holidays -- and also blunt the impact of similar sales events being held by Target (NYSE: TGT) and Walmart (NYSE: WMT).
Data analysis specialist Palantir (NYSE: PLTR), a former meme stock, has fallen on hard times. Or will there be more pain ahead for Palantir? Palantir's platform is used by businesses and governments to process massive amounts of data and pinpoint trends to guide decisions.
An Italian administrative court scrapped a fine imposed by the country's antitrust authority on U.S. tech giants Apple and Amazon for alleged collusion, a document showed on Monday. The antitrust authority had fined both companies a total of more than 200 million euros ($195.3 million) in 2021, citing alleged anti-competitive cooperation in the sale of Apple and Beats products. Amazon said in a statement it welcomed the court's decision.