|Day's Range||957.79 - 974.50|
GameStop fires CEO Matt Furlong, CNN CEO Chris Licht steps down, and Bernstein Analyst Mark Shmulik sends an open letter to Amazon CEO Andy Jassy urging the company to refocus. Yahoo Finance Live breaks down some of the top stories of the day.
Amazon has investments in everything from health care to grocery stores. But is it becoming too much? In an open letter to Amazon CEO Andy Jassy, Bernstein Internet Research Analyst Mark Shmulik urges to leadership to pare down on some investments and re-focus on others, like its media business.
Amazon Web Services announced their large scale simulation system is now available for government clients. AWS Worldwide Public Sector Vice President Max Peterson sits down with Yahoo Finance's Dan Howley to expand on how AWS is capitalizing on generative AI.
The entertainment world is all about streaming video these days, and some promising news about that technology pushed Paramount Global's (NASDAQ: PARA) stock higher on Hump Day. In an article covering Amazon's (NASDAQ: AMZN) plan to offer an ad-supported version of its Prime Video streaming service, The Wall Street Journal said that Paramount could deepen its relationship with the monster retailer. Citing "people familiar with the situation," Paramount is currently in discussions with Amazon to add the ad-supported tier of its own streamer (Paramount+) to Prime Video.
Shares in Amazon.com closed down 4.2% on Wednesday, leading declines in the S&P 500 consumer discretionary sector while video streaming companies Warner Bros Discovery and Paramount Global rallied. Amazon shares deepened losses after a Wall Street Journal report said the online retailer and video streamer is planning an advertising-supported tier for its Prime Video streaming service and that it is in talks with Warner Bros Discovery and Paramount about including ad-based tiers of their streaming services through Amazon Prime Video Channels.
Shares of Roku (NASDAQ: ROKU) were surging today even as there was no major news out on the leading streaming distribution platform. Instead, investors seemed to be reacting to a number of smaller news items, including that Amazon was planning to launch an ad-based tier for Prime Video. As of 1:52 p.m. ET, Roku stock was up 11.6% as of 1:53 p.m. ET.
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Amazon.com is planning to launch an advertising-supported tier of its Prime Video streaming service, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Discussions around the ad tier have been going on for several weeks, according to the report, and follow the launch of similar plans by rivals Netflix and Walt Disney . The WSJ report also said Amazon was holding discussions with Warner Bros Discovery and Paramount Global about adding the ad-based tiers of their streaming services through Prime Video Channels.
Discussions around the ad tier have been going on for several weeks, according to the report, and follow the launch of similar plans by rivals Netflix and Walt Disney. The WSJ report also said Amazon was holding discussions with Warner Bros Discovery and Paramount Global about adding the ad-based tiers of their streaming services through Prime Video Channels. Warner Bros Discovery and Paramount did not immediately respond to Reuters' requests for comment, while Amazon declined to comment.
Shares of Palantir Technologies (NYSE: PLTR) charged sharply higher Wednesday, defying the broader market downturn and spiking as much as 11%. The catalyst that sent the artificial intelligence (AI) and data mining specialist higher was the company's latest deal, which marks the third such announcement this week. Palantir announced a new multi-year partnership to bring "smart factory" technology to Panasonic's (OTC: PCRFY) manufacturing facility in Nevada.
Investing.com -- The Dow closed higher Wednesday, led by energy and materials but tech cooled its recent march higher ahead to the Federal Reserve decision slated for next week.
Investing.com -- The S&P 500 slipped Wednesday as the melt-up in tech cooled, offseting gains in energy as investors looked ahead to the Federal Reserve decision slated for next week.
(Bloomberg) -- Amazon.com Inc. will allow eligible US retailers using the online retail giant’s Amazon Pay service to offer Affirm Holdings Inc.’s buy now, pay later product under a new agreement between the two companies.Most Read from BloombergThese Are the World’s 20 Most Expensive Cities for Expats in 2023Tech Stocks Sputter as Traders Consider July Hike: Markets WrapFlights to LaGuardia Airport Grounded as Smoke Blankets NYCDam Destroyed in the Dead of Night Upstages Ukraine’s Counteroffens
Investing.com --- Amazon (NASDAQ:AMZN) reportedly plans to launch an-advertising-supported tier of its Prime Video steaming services as part of move to bolster growth from entertainment, The Wall Street Journal reported Wednesday, citing unnamed sources.
A strong U.S. consumer signals a bright future for these three attractively valued industry leaders.
Dish Network (NASDAQ: DISH) is reportedly partnering with Amazon (NASDAQ: AMZN) in order to get into 5G cellular plans. Could this be an expansion of Prime or a new product line from Amazon? In this video, Travis Hoium covers what we know so far and how old this partnership is.
Investing.com -- Palantir Technologies Inc (NYSE:PLTR) has announced a multi-year deal to provide its data-analytics platform to a unit of Japanese conglomerate Panasonic (TYO:6752) (OTC:PCRFY), the company said in a statement on Monday.
This ad tech firm has a history of double-digit revenue growth, but is now confronted with a downturn in the advertising industry.
These stocks are already performing well but could kick into higher gear in a new S&P 500 bull market.