Amazon.com Inc
Tech selloff puts Nasdaq on pace for worst day since June 2020
Amazon CEO Andy Jassy speaks during the GeekWire Summit in Seattle on Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Cloud companies, e-retailers and household tech names got hammered on Thursday, wiping out hundreds of billions of dollars in market value and pushing the Nasdaq Composite toward its worst one-day plunge since June […]
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Shopify stock down 13% after earnings miss, $2.1 billion acquisition of logistics start-up
An employee works at Shopify’s headquarters in Ottawa, Ontario, Canada. Chris Wattie | Reuters Shares of Shopify plunged more than 13% in premarket trading on Thursday after the company reported first-quarter results that missed analysts’ estimates, and said it will acquire logistics start-up Deliverr for $2.1 billion in cash and stock. Shopify posted adjusted earnings […]
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5 things to know before the stock market opens Thursday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street set to drop after a strong Fed-driven relief rally A screen displays the Fed rate announcement as a trader works inside a post on the floor of the New York Stock Exchange (NYSE) in New […]
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EBay and Etsy drop on weak guidance as e-commerce crunch continues
An employee walks past a quilt displaying Etsy Inc. signage at the company’s headquarters in the Brooklyn. Victor J. Blue/Bloomberg via Getty Images Etsy and eBay reported better-than-expected first-quarter results after the bell on Wednesday, but the companies gave weak guidance for the current quarter that suggests the e-commerce sector is cooling off after a […]
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How Ireland lost its chance to become Big Tech’s ‘super regulator’
Many of the largest U.S. tech firms hold their European headquarters in Dublin. Artur Widak | Nurphoto | Getty Images Incoming EU rules forcing Big Tech to police content on the internet more aggressively will be enforced directly by the European Commission, a move experts say will diminish the role Ireland has played so far […]
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White House to host union organizers representing Amazon, Starbucks workers
U.S. Vice President Kamala Harris will host a White House meeting with organizers from unions seeking to represent workers at Amazon.com, Starbucks and other employers. Kent Nishimura | Los Angeles Times | Getty Images U.S. Vice President Kamala Harris will host a White House meeting on Thursday with organizers from unions seeking to represent workers […]
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Fund manager believes FAANG is dead — says now it’s all about MANTA
Mark Hawtin reveals the stocks he thinks should replace some FAANG tech heavyweights — and explains why. Source
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Major companies keep largely silent as leaked Supreme Court abortion draft sparks outrage
Demonstrators hold up signs during a protest outside the U.S. Supreme Court, after the leak of a draft majority opinion written by Justice Samuel Alito preparing for a majority of the court to overturn the landmark Roe v. Wade abortion rights decision later this year, in Washington, U.S. May 3, 2022. Elizabeth Frantz | Reuters […]
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Amazon workers at second Staten Island warehouse reject union
Amazon Labor Union organizers hold signs outside of the LDJ5 Amazon Sort Center on April 25, 2022 in New York City. Michael M. Santiago | Getty Images Employees at an Amazon warehouse on Staten Island overwhelmingly rejected a unionization effort on Monday, a significant victory for the e-retailer a month after a nearby fulfillment center […]
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Stocks making the biggest moves midday: Global Payments, Moderna, Activision Blizzard and more
Boxes containing the Moderna COVID-19 vaccine are prepared to be shipped at the McKesson distribution center in Olive Branch, Mississippi, December 20, 2020. Paul Sancya | Pool | Reuters Check out the companies making headlines in midday trading Monday. Global Payments — Shares of the company sank 9.8% despite a better-than-expected earnings report. The payments […]
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