Amazon.com Inc
Citi names the ‘attractive’ oversold stocks to buy right now
Market watchers have been reluctant to call the bottom on the brutal Wall Street sell-off this year, but Citi thinks a slew of stocks are now oversold and investors should buy the dip. The bank’s analysts, led by Hong Li, said that — given the “continued high macro risk and market volatility” — investors should […]
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Peloton’s CFO is leaving the company, will be replaced by Amazon cloud executive
A Peloton exercise bike is seen after the ringing of the opening bell for the company’s IPO at the Nasdaq Market site in New York City, New York, U.S., September 26, 2019. Shannon Stapleton | Reuters Peloton’s chief financial officer, Jill Woodworth, is leaving the company and will be replaced by Liz Coddington, an executive […]
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Amazon sellers reject efforts by an executive to rally their opposition to Big Tech antitrust bill
Packages move along a conveyor at an Amazon fulfillment center on Cyber Monday in Robbinsville, New Jersey, U.S., on Monday, Nov. 29, 2021. Michael Nagle | Bloomberg | Getty Images Amazon is so concerned about potential antitrust reforms swirling through Congress that a senior executive recently tried lobbying third-party sellers on an online forum that […]
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5 things to know before the stock market opens Monday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stocks set to bounce after Wall Street’s losing week Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, June 3, 2022. Brendan McDermid | Reuters Wall Street was set to […]
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Lawmaker who wrote New York crypto mining bill explains: ‘It’s not a ban’
Bitcoin offices in Istanbul, Turkey, on May 11, 2022. Umit Turhan Coskun/NurPhoto via Getty Images New York State Assemblymember Anna Kelles is tired of all the fear-mongering about the bill she wrote — and sponsored — to place a two-year moratorium on certain types of new cryptocurrency mines in the state. The fate of the […]
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Lawmakers are racing to pass tech antitrust reforms before midterms
U.S. Senate Rules and Administration Committee Chair Sen. Amy Klobuchar (D-MN) presides during a Senate Rules and Administration Committee oversight hearing to examine the U.S. Capitol Police following the January 6, 2021 attack on the Capitol, one day before the anniversary of the attack in Washington, U.S., January 5, 2022. Elizabeth Frantz | Reuters A […]
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New York lawmakers pass bill limiting Amazon’s use of worker productivity quotas in warehouses
A worker sorts out parcels in the outbound dock at Amazon fulfillment center in Eastvale, California on Tuesday, Aug. 31, 2021. Watchara Phomicinda | MediaNews Group | The Riverside Press-Enterprise via Getty Images New York state lawmakers on Friday approved a bill targeting Amazon’s use of productivity quotas in warehouses, the latest sign that public […]
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Amazon CEO of Worldwide Consumer Dave Clark resigns
Dave Clark, Amazon’s senior vice president of worldwide operations. Lindsey Wasson | Reuters Dave Clark, CEO of Amazon’s worldwide consumer business and a top lieutenant of Andy Jassy, will resign July 1 after 23 years at the company, Amazon announced in a regulatory filing Friday. Clark is one of a handful of the most important […]
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Walmart to open high-tech fulfillment centers to ship online orders faster
Walmart is building four high-tech fulfillment centers that will simplify and speed up the picking and packing of online orders. The first one will open this summer in Joliet, Illinois. Walmart Walmart is building warehouses with a high-tech spin in hopes of delivering items to customers more quickly and growing its online business. The retailer […]
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Dan Niles sees more pain in tech — and reveals an opportunity in the sector
Tech stocks may have already suffered a massive sell-off this year, but hedge fund manager Dan Niles thinks there could be even more pain ahead for the sector. He tells CNBC why and reveals where he sees an opportunity in the sector. Tech stocks have taken a drubbing this year as market volatility worsened and […]
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