Amazon.com Inc
Amazon takes stake in Grubhub, adds food delivery perks to Prime
Food delivery workers on bicycles travel along a street in New York, U.S., on Tuesday, March 17, 2020. Debetrius Freeman | Bloomberg | Getty Images Amazon on Wednesday agreed to take a stake in Grubhub as part of a deal that will also give members of its Prime subscription program a one-year membership to the […]
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Barclays cuts Netflix target, sees bigger subscriber losses than expected
Netflix is on track to report another weak quarter as rising competition results in a big hit to subscribers, Barclays said. For the second quarter, Barclays anticipates a 2.8 million subscriber loss compared with Netflix’s anticipated 2 million loss. Meanwhile, recent credit card data from the bank suggests U.S. subscribers fell roughly 1% month-over-month in […]
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Stocks making the biggest moves premarket: Uber, DoorDash, Spirit, Altria and more
Check out the companies making headlines before the bell: Uber (UBER), DoorDash (DASH) – Uber fell 3.1% in the premarket while DoorDash tumbled 7.5%, following the news that Amazon (AMZN) struck a deal to add membership in rival food delivery service Grubhub as a free benefit for its “Prime” members. Amazon’s deal also gives it […]
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Amazon investigated by UK antitrust watchdog over its marketplace practices
An Amazon warehouse in Warrington, England. Nathan Stirk | Getty Images The U.K.’s antitrust regulator on Wednesday said it is investigating Amazon over whether the U.S. e-commerce giant is hurting competition by giving an unfair advantage to its own retail business and sellers that use its services over third-party merchants on its marketplace. Britain’s Competition […]
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Jim Cramer says investors should eye these three tech names in the Nasdaq 100
CNBC’s Jim Cramer on Tuesday told investors his three stock picks from the worst- and best-performing stocks in the Nasdaq 100 during the first half of this year. “Tech stocks were horrendous in the first half. … No Apples, no Googles, no semis, no software as services – just default names that show you that […]
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Andy Jassy just wrapped up a rocky first year after succeeding Bezos as Amazon CEO
Andy Jassy, chief executive officer of Amazon.Com Inc., during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Andy Jassy celebrates his one-year anniversary as Amazon CEO on Tuesday. Celebrates is probably not the operative word. Jassy, a 25-year Amazon veteran, succeeded Jeff Bezos on […]
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Want to know where to invest for the next 10 years? Here’s what the pros suggest
Volatile markets, inflation hitting new highs and the risk of recession are making things tough for investors right now. “Looking out over the next 10 years, the forces that drove the rapid outperformance of growth over value are unlikely to repeat,” Paul Danis, head of asset allocation at Brewin Dolphin , told CNBC. “Bond yields […]
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Bezos slams Biden’s call for gasoline stations to cut prices
Amazon founder Jeff Bezos arrives for his meeting with British Prime Minister Boris Johnson at the UK diplomatic residence on September 20, 2021 in New York City. Michael M. Santiago | Getty Images News | Getty Images Amazon.com founder Jeff Bezos renewed his spat with the White House over the weekend, as the world’s third-richest person […]
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These stocks have major upside heading into the second half, Wall Street analysts say
Wall Street analysts named a handful of buy-rated stocks this past week as must-own stock picks for the second half of the year. These defensive companies have characteristics that will carry them through any additional economic and market turmoil, analysts said. CNBC combed through recent Wall Street research to find the top buying opportunities as […]
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Walmart is working on a response to the Supreme Court’s abortion decision, CEO says in memo
Walmart CEO Doug McMillon speaks at the CNBC Evolve conference November 19th in Los Angeles. Jesse Grant | CNBC Walmart CEO Doug McMillon told employees on Friday that the company is weighing how to respond to a Supreme Court decision that ended the federal right to an abortion. “We are working thoughtfully and diligently to […]
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