Amazon.com Inc
Tech stocks are mired in their longest weekly losing streak since dot-com bust
Traders on the NYSE, May 20, 2022. Source: NYSE Tech companies haven’t seen a selloff like since 2001 and the bursting of the dot-com bubble. The Nasdaq declined 3.8% this week, falling for a seventh straight week. It’s the longest losing streak for the tech-heavy index in 21 years. Inflation, rising interest rates, the war […]
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Amazon tests using Flex drivers to make mall deliveries
Contractors working for the Amazon Inc. Flex program load packages into vehicles to deliver to customers in San Francisco. David Paul Morris | Bloomberg | Getty Images Amazon is turning to its legions of contracted Flex drivers to deliver packages from mall-based retailers, allowing sellers to ship products from their own stores using the e-commerce […]
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Asian grocery start-up Weee! draws shoppers with tradition, tech and a dash of Hollywood
Online grocery delivery start-up Weee! encourages customers to share videos of recipes and favorite items on its app. It specializes in hard-to-find Asian foods, along with fruits, vegetables and other staples. Weee! Online grocery start-up Weee! specializes in hard-to-find foods from Asian and Hispanic cuisines. It nabbed another kind of rarity earlier this year: A […]
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Strategists reveal how they’re trading tech stocks — and the same names keep coming up
Investors and strategists have revealed how they’re playing the beaten-down tech sector, naming several stock opportunities in a market they say could be nearing the bottom. Lee Baker, owner and president at Apex Financial Services, described Apple and Microsoft as “good solid companies” for investors to consider right now. Speaking to CNBC’s Squawk Box Europe […]
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Investing Club: Here’s how much each company in our portfolio is exposed to China
Shanghai and Beijing have retained, if not tightened, many Covid-related restrictions on business and travel. In this picture, workers disinfect a residential community on May 11, 2022, in Beijing, China. Beijing Youth Daily | Visual China Group | Getty Images Source
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Palo Alto Networks stock jumps after company lifts full-year forecast
Nikesh Arora of the United States on the first hole during the third round of The Alfred Dunhill Links Championship at The Old Course on October 02, 2021, in St Andrews, Scotland. David Cannon | Getty Images Palo Alto Networks shares rose 12% in extended trading on Thursday after the network security hardware maker announced […]
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Ex-Amazon engineers roll out their smart shopping carts in Albertsons stores
Albertsons is deploying self-checkout grocery carts in some of its locations to try to make in-person shopping easier as consumers head back to brick-and-mortar stores. The carts are made by Veeve, a Seattle-based start-up founded by two former senior Amazon managers in 2018. Veeve is one of several companies developing smart grocery carts, which often […]
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Labor group accuses Apple of interrogating, surveilling staff at World Trade Center store
Customers shop at the new Apple Store at the World Trade Center shopping mall in New York City. Getty Images Communications Workers of America is accusing Apple of violating federal labor law at its World Trade Center store in New York City. CWA alleged in an Unfair Labor Practice filing with the National Labor Relations […]
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Strategist says U.S. stocks are undervalued right now — and names his top picks to buy the dip
Morningstar’ s David Sekera thinks the market sell-off is looking overdone — and reveals the tech stocks he thinks are attractive right now, as well as his picks to ride the return of consumer spending. After years of beating the market, tech stocks have been slammed this year as expectations of aggressive tightening by the […]
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Amazon’s Twitch, Discord, 4chan face New York AG probe after Buffalo shooting
New York State Attorney General Letitia James in New York City, November 19, 2019. Lucas Jackson | Reuters New York Attorney General Letitia James will investigate social media companies including Amazon’s Twitch in connection to the apparently racially-motivated shooting at a Buffalo supermarket that left 10 dead and three injured. James’ office will also focus […]
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