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Amazon (NASDAQ: AMZN) and Microsoft (NASDAQ: MSFT) hold the two largest market shares in cloud computing with their respective services: Amazon Web Services (AWS) with a 32% share and Azure with 23%. As a result, one of these companies looks poised to become a dominant figure in both the cloud and AI markets, making their stocks compelling investments. Amazon's biggest asset is its lead in the cloud market with AWS.
ATLANTA, June 01, 2023--Amazon announced today that it has more than doubled the capacity of its Disaster Relief Hub in Atlanta by prepositioning 2.4 million relief items ahead of the 2023 hurricane season, which officially begins today. The items will be distributed in the wake of natural disasters to nonprofits and other aid partners that quickly help communities impacted by hurricanes or other disasters. The Disaster Relief Hub is a dedicated space within Amazon’s global logistics network to
D ozens of Amazon.com Inc delivery drivers in California have signed a first-of-its-kind union contract in the U.S. as fears grow over low wages, tough conditions, and workers' safety put at risk from worsening heatwaves fueled by climate change. The 84 workers in the city of Palmdale, who organized with the Teamsters union, secured pay rises, paid holidays and safety protections in April after gaining recognition from their employer Battle-Tested Strategies (BTS), a delivery firm contracted by Amazon.
Nvidia's blockbuster quarter and valuation questions to consider. If Best Buy needs sales growth to reward shareholders. Plus, Motley Fool analysts Tim Beyers and Meilin Quinn interview DigitalOcean CEO Yancey Spruill about how the cloud service provider differentiates itself from competitors like Microsoft and Amazon.
Fool.com contributor and finance professor Parkev Tatevosian elaborates on how Amazon (NASDAQ: AMZN) and Snowflake (NYSE: SNOW) have prospects that are correlated. *Stock prices used were the afternoon prices of May 29, 2023.
Staff at the security camera maker Ring could watch thousands of videos of people in their bedrooms and bathrooms without owners’ knowledge, a US regulator has claimed.
Amazon will be revising its delivery fees for its Amazon Fresh groceries delivery service with effect from 8 June. See the new fees.
Amazon (NASDAQ: AMZN) is no stranger when it comes to tech innovation. In its nearly 30-year history, the company has been a pioneer in everything from cloud computing infrastructure to e-commerce to video streaming to voice-activated technology like Alexa and beyond. With artificial intelligence (AI) moving to the forefront as the next major boom in technology, it shouldn't be a surprise to find Amazon there as well.
Existing competitive advantages and big opportunities driven by AI make this tech giant a smart investment.
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 EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Passes the House, Easing US Default ConcernsS&P 500 Almost Wipes Out Its Monthly Advance: Markets WrapBillionaire Perot Warns of Real Estate Recession as Loans D
(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 EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Passes the House, Easing US Default ConcernsS&P 500 Almost Wipes Out Its Monthly Advance: Markets WrapBillionaire Perot Warns of Real Estate Recession as Loans Dry UpIn one ca
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.