Amazon.com Inc
Stick with profitable, recession-proof stocks to avoid a ‘crisis,’ Jim Cramer says
CNBC’s Jim Cramer reminded investors to own profitable, recession-proof stocks rather than conceptual ones after major tech stocks tumbled on Thursday. He noted that while the stocks took a hit, they’re still “terrific” and stand out from uninvestable names for two main reasons. Investable stocks “have a defined downside because of that dividend and their […]
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GM and Lockheed are taking their lunar rover project to the commercial space market
MILFORD, Mich. — General Motors and Lockheed Martin said Thursday they plan to produce an array of moon-roving vehicles for commercial space missions and services powered by the automaker’s electric vehicle battery technology. The companies said they plan to test the batteries in space later this year, with the goal of having their first vehicle […]
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Here’s why Vitamin Shoppe’s owner wants to buy Kohl’s – and what could happen next
Shoppers enter a Kohl’s store in Peoria, Illinois. Daniel Acker | Bloomberg | Getty Images A little-known conglomerate of companies including The Vitamin Shoppe, Pet Supplies Plus and a home furnishing chain called Buddy’s is suddenly the talk of the retail industry. Franchise Group, a publicly traded business with a market capitalization of about $1.6 […]
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Amazon will let you try on digital versions of shoes you want to buy
Zoom In IconArrows pointing outwards Amazon on Thursday rolled out a new augmented reality shopping tool that lets users virtually try on shoes they may be interested in buying. Amazon said the tool would make the online shopping experience easier and more interactive for shoppers. The feature, called Virtual Try-On for Shoes, is available for […]
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Amazon consumer chief Dave Clark to join Flexport as its new CEO
Dave Clark, Amazon’s senior vice president of worldwide operations. Lindsey Wasson | Reuters Supply chain software start-up Flexport has tapped Dave Clark, Amazon’s worldwide consumer chief, to serve as its new CEO. Clark will take the helm at Flexport on Sept. 1, Flexport announced Wednesday. Flexport founder and CEO Ryan Petersen will transition into the […]
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Here are Wednesday’s biggest analyst calls of the day: Netflix, Target, Affirm, Uber, Amazon & more
Here are the biggest calls on Wall Street on Wednesday. Source
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Human rights advocates tell Congress bitcoin is essential in countries with ‘collapsing’ currencies
WASHINGTON — A week after prominent technologists publicly slammed crypto for being too risky and unproven in a letter to Congress, human rights advocates from around the world have sent a rebuttal to U.S. lawmakers defending digital assets for the access they provide to people in countries where “local currencies are collapsing, broken, or cut […]
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Target and Microsoft may be just the beginning of a worrisome earnings trend
Target is unlikely to be the only company with a bullseye on it during the upcoming earnings season. The retailer Tuesday warned for the second time in less than a month that its profits would take a hit from an inventory glut. The new guidance comes just days after Microsoft , in another high profile […]
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OnlyFans says it’s not seeing a Netflix-like slowdown in subscribers despite rising inflation
In this photo illustration, the OnlyFans logo is displayed on a smartphone. Sheldon Cooper | SOPA Images | LightRocket via Getty Images AMSTERDAM — OnlyFans is not experiencing a slowdown in subscribers like Netflix even as people grapple with rising prices, executives at the company said Tuesday. “We’re not experiencing that slowdown,” Keily Blair, OnlyFans’ […]
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Tech companies urge U.S. to let the kids of visa holders stay past the age of 21
Muthumalla Dhandapani, an Indian immigrant with an H1-B visa and a Comcast employee in Sunnyvale, protests President Trump’s immigration orders in 2017. Santiago Mejia | Hearst Newspapers | Getty Images A coalition of tech companies including Amazon, Google, Salesforce and Uber are urging the Department of Homeland Security to revise policies for children of high-skilled […]
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