Amazon.com Inc
Amazon’s acquisition strategy becomes clear. DA Davidson on who could be next
Amazon’s acquisition strategy has become evident after its two latest deals, according to DA Davidson. The e-commerce giant announced last week it was acquiring Roomba-maker iRobot for $1.7 billion. The news followed last month’s $3.9 billion acquisition of primary health-provider One Medical . In both cases, Amazon is following its historical approach of “build first, […]
Read More
Jim Cramer says these 7 Covid-era winning stocks have staying power
CNBC’s Jim Cramer on Monday offered investors a list of stocks that saw huge gains during the height of the Covid pandemic and continue to perform well. “Wall Street wrote off all the Covid winners, but a handful of these companies have proven to be real staying power giants. and I think it’s absolutely worth […]
Read More
3 takeaways from the Investing Club’s ‘Morning Meeting’ on Monday
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. Nvidia’s warning is a reset The bad news didn’t tank the market The Inflation Reduction Act could be bad for the market 1. Nvidia’s warning is a reset Nvidia (NVDA) […]
Read More
Oil companies are giving back tons of cash — and other things we’ve learned this earnings season
A trader works at the New York Stock Exchange NYSE in New York, the United States, May 18, 2022. U.S. stocks plummeted on Wednesday as weak earnings from major retailers stoked concerns about the impact of inflation. Michael Nagle | Xinhua News Agency | Getty Images Source
Read More
Unions are forming at Starbucks, Apple and Google. Here’s why workers are organizing now
For decades, union membership has been on the decline. Yet in the last few months, workers have been organizing at a pace this country hasn’t seen since the Great Depression. Amazon has captured headlines for union drives at its warehouses, including a successful effort on New York’s Staten Island. But activity is picking up elsewhere […]
Read More
Amazon to acquire maker of Roomba vacuum for roughly $1.7 billion
A vacuuming Roomba model robot is displayed at iRobot headquarters in Bedford, Massachusetts Scott Eells | Bloomberg | Getty Images Amazon is acquiring iRobot for $61 a share, an all-cash deal that values the Roomba maker at $1.7 billion, the companies announced Friday. The deal will deepen Amazon’s presence in consumer robotics. Amazon made a […]
Read More
How LiveU has defined the industry it once disrupted — and brought major media players along for the ride
In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. In 2006, after attending a soccer game with a bulky, unimpressive production setup, LiveU founders Avi Cohen, Samuel Wasserman, and Rony Ohayon were inspired to create a product that would consolidate video production materials, making […]
Read More
Gadget season is here — new folding phones, watches and earbuds are coming
Apple launches the iPhone 13 in the UK Ming Yeung | Getty Images Apple, Google, Amazon, Samsung and other firms are teeing up for a busy fall filled with lots of new gadget launches. It’s like clockwork. Big tech companies launch the latest products, like phones, watches, or even robots and flying security drones, beginning […]
Read More
The great unrest: How 2020 changed the economy in ways we can’t understand yet
In an earnings call Wednesday morning, Yum Brands CEO David Gibbs expressed the confusion many people are feeling as they try to figure out what’s going on with the U.S. economy right now: “This is truly one of the most complex environments we’ve ever seen in our industry to operate in. Because we’re not just […]
Read More
Walmart lays off corporate employees after slashing forecast
Exterior view of a Walmart store on August 23, 2020 in North Bergen, New Jersey VIEW press | Corbis News | Getty Images Walmart confirmed on Wednesday that it has begun to lay off corporate employees about a week after the company slashed its profit outlook and warned consumers had pulled back on discretionary spending […]
Read More