Amazon.com Inc
Investment banks trumpet fresh ideas in new second-half stock trades
Major investment banks expect the stock market’s volatility to continue in the second half of 2022. A brutal market sell-off saw the S & P 500 suffer its worst first half since 1970 as the Nasdaq Composite plummeted deep into a bear market. Meanwhile, the Federal Reserve kickstarted an aggressive rate hiking cycle to curb […]
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Kohl’s says a real estate sale is on the table after scrapping deal talks
People walk near a Kohl’s department store entranceway on June 07, 2022 in Doral, Florida. Joe Raedle | Getty Images Kohl’s might not be selling its business after all. But it’s now looking to sell some of its real estate, reversing its prior stance. The retailer on Friday announced it terminated deal talks with The […]
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Amazon blocks searches for LGBTQ+ products in the United Arab Emirates amid regional anti-homosexuality push
Marc Bruxelle/ EyeEm/ Getty DUBAI, United Arab Emirates – E-commerce giant Amazon is blocking search results for LGBTQ-related products on its United Arab Emirates website, following a series of pushbacks against same-sex themes in the Gulf region. Amazon made the decision after coming under pressure from UAE authorities, who reportedly threatened it with penalties and […]
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Wealthy customers will help Apple resist the effects of inflation
An employee arranges Apple iPhones as customer shop at an Apple store. Mike Segar | Reuters The last time Apple faced an inflationary environment like this, it had been a public company for less than a year and its best-selling product was the Apple II home computer. In May, the annual inflation rate in the […]
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Morgan Stanley loves these 9 global stocks trading at ‘significant’ lows
Analysts at Morgan Stanley have identified several global stocks they say are trading at prices significantly lower than their 12-month highs. Source
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Big technology stocks like Tesla, Amazon and Microsoft just finished their worst quarter in years
Elon Musk attends The 2022 Met Gala Celebrating “In America: An Anthology of Fashion” at The Metropolitan Museum of Art on May 2, 2022 in New York City. (Photo by Gotham/Getty Images) Gotham | Getty Images Investors lowered the valuations of the world’s largest technology companies in the second quarter as central bankers ratcheted up […]
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Walgreens profits squeezed as Covid vaccines wane, company invests in health-care business
Walgreens Boots Alliance on Thursday said its quarterly sales declined and profits got hit by waning Covid-19 vaccination demand, heavy investments in its health care business and an opioid settlement with Florida. Shares were down by about 4% in morning trading. The drugstore chain stood by its full-year forecast, saying it expects adjusted earnings per […]
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Longtime Google exec Nick Fox to take interim commerce business post after Ready departs to Pinterest
Nick Fox, vice president of product and design for Search and Assistant. Longtime Google exec Nick Fox will take over the company’s commerce and payments business on an interim basis. Fox’s appointment comes a day after the former head, Bill Ready, announced he is taking over the helm of Pinterest, replacing longtime CEO and founder […]
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Amazon wants us to believe the robots are coming — but most people won’t find them useful
Amazon’s Astro home robot Amazon Electronics companies have, for years, paraded around flashy, futuristic prototypes of consumer robots. They’ve pointed to a not-too-distant future where people will have roaming robot helpers around their home that can do the dishes or even act as a personal masseuse. So far, few of those predictions have panned out, […]
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Starz could turn into an ‘acquisition machine’ after Lionsgate spins it off
Liberty Media’s John Malone Michael Kovac | Getty Images Written in the Starz? Lionsgate is planning a spinoff of Starz, home of “Outlander” and “Power,” by early next year. Vivendi’s Canal Plus and private equity firm Apollo Global, in tandem with streaming distributor Roku, have both made preliminary bids for a 20% stake, sources say. A deal […]
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