Amazon.com Inc
Be conservative with FAANG stocks as anticipated Fed rate hikes spurn a market pivot, Jim Cramer says
CNBC’s Jim Cramer said Thursday that he expects the market to pivot to a bull market for recession-proof stocks rather than expensive growth names. When the Federal Reserve decides to combat an “inflationary spiral with higher [interest] rates, you’re not supposed to buy expensive growth stocks. The hedge fund playbook says that you should sell […]
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Apple will promote Siri and Apple Music on its first live sports broadcast
Washington Nationals second baseman Josh Harrison (5) gets the force out of New York Mets third baseman J.D. Davis (28) in the 6th inning of the spring training game at Clover Park. Jasen Vinlove | USA TODAY Sports | Reuters Apple’s first foray into live sports starts on Friday when the company will broadcast two […]
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UFC, Formula 1 and WWE could be the next acquisition targets for streaming giants
(L-R) Conor McGregor of Ireland punches Dustin Poirier in a lightweight fight during the UFC 257 event inside Etihad Arena on UFC Fight Island on January 23, 2021 in Abu Dhabi, United Arab Emirates. Chris Unger | UFC | Getty Images In 2016, before Ultimate Fighting Championship sold for $4 billion to the company that […]
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‘It’s meaningless’ — large Tesla shareholder Ron Baron reacts to Elon Musk joining Twitter’s board
Ron Baron, the CEO of Baron Capital and one of Tesla’s largest shareholders, said that Elon Musk’s 9.2% stake in Twitter, and his accompanying board seat, is not significant. “I think it’s meaningless,” he told CNBC’s “Squawk Box” Thursday. “It’s a tiny investment. $3 billion for a man who is worth $300 billion. He has […]
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Tencent shuts down its rival to Amazon’s Twitch months after China blocked key $6 billion gaming merger
Tencent attempted to create a gaming live streaming giant through the merger of Huya and DouYu, two companies it has a significant stake in. But regulators in China shut the deal down in 2021. Months later, Tencent is shutting down its own game live streaming service Penguin E-Sports. Feature China | Future Publishing | Getty […]
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Walgreens expands its medical-care offerings in major California markets
Walgreens is opening more Health Corner locations through a deal with Blue Shield of California. At the dedicated spaces, it can provide medical care that’s billed to the insurer. Blue Shield of California At Walgreens stores in California, the drugstore chain is previewing how it plans to become a place where more customers go for […]
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‘Amazon here we come’: Biden boosts warehouse unionization efforts
U.S. President Joe Biden delivers remarks on the March jobs report, during a speech in the State Dining Room at the White House in Washington, U.S., April 1, 2022. Kevin Lamarque | Reuters President Joe Biden on Wednesday expressed support for efforts to unionize Amazon workers, after one of the company’s warehouses voted to join […]
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LinkedIn says Amazon is the top U.S. company to work for if you want career growth
Amazon fulfillment center in Eastvale, California on Tuesday, Aug. 31, 2021. MediaNews Group | The Riverside Press-Enterprise via Getty Images LinkedIn on Wednesday named Amazon the top U.S. company to work for if you’re seeking career growth. It’s the second year Amazon has topped the list. LinkedIn’s 2022 Top Companies list tracks seven pillars focused […]
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We’re trimming tech stocks and an automaker because it never pays to fight the Fed
We’re making several more trims, targeting tech and an economically sensitive automaker due to our concerns about an aggressively hawkish Fed. Source
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Teens are worried about the U.S. economy, but they’re still spending on Nike and Lululemon
Athletic apparel sits on display inside a Lululemon Athletica store. Xaume Olleros | Bloomberg | Getty Images Teens are spending more and shifting their shopping habits, even as they worry about growing economic uncertainty, according to a new survey. Athletic apparel brands such as Lululemon and Nike that combine comfort and fashion are winning out […]
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