Amazon.com Inc
Amazon opens beauty and personal care store in Italy, as part of brick-and-mortar expansion
Amazon is opening a beauty and health products store in Milan, marking the company’s latest brick-and-mortar experiment. The store is located in the city center of Milan, Italy, and features a range of beauty and personal care items, as well as non-prescription drugs, Amazon said in a blog post. The first store, which is called […]
Read More
Wall Street is souring on ‘Magnificent 7’ stocks after group’s worst earnings season since 2022
The “Magnificent Seven,” once Wall Street’s indisputable stalwart, is losing its shine with investors. The group — made up of Apple , Microsoft , Alphabet , Amazon , Nvidia , Meta Platforms and Tesla — led the market higher in the past few years amid growing investments around artificial intelligence. In the past 12 months, […]
Read More
CNBC Daily Open: Enthusiasm over Trump and AI appears to be waning
The ArcelorMittal steel production plant in Ghent, Belgium, on July 27, 2024. Jonathan Raa | Nurphoto | Getty Images The excitement over artificial intelligence and U.S. President Donald Trump’s perceived friendliness to the stock market buoyed investor sentiment as recently as December. In 2025, it seems those animal spirits have somewhat evaporated. Any time Trump […]
Read More
Tech megacaps plan to spend more than $300 billion in 2025 as AI race intensifies
Megacap technology companies funneled billions of dollars into artificial intelligence last year to try and keep up with unfettered demand. The hype isn’t dying down in 2025. Meta, Amazon, Alphabet and Microsoft intend to spend as much as $320 billion combined on AI technologies and datacenter buildouts in 2025, based on comments from their CEOs […]
Read More
Stuck stock market is worried about economic growth as Trump’s tariffs dominate headlines
The stock market is rather calm but can’t seem to relax. In a noisy and fast-shifting news environment, stocks were quietly flattish last week from point to point, even after Friday’s almost 1% drop, which extends a sideways three-month range during which the S & P 500 has traded no more than 3% above or […]
Read More
Anduril in talks to raise money at $28 billion valuation as defense-tech booms
Anduril, the defense-tech startup founded by Palmer Luckey, has signed a term sheet to raise capital at a $28 billion valuation, according to people familiar with the matter. The company is planning to raise up to $2.5 billion in the round, said the people who asked not to be named because the details are confidential. […]
Read More
Stocks making the biggest moves midday: Amazon, Expedia, Pinterest, Skechers and more
Check out the companies making headlines in midday trading: Expedia — Shares of the online travel company soared 17.6% after Expedia’s fourth-quarter results outpaced Wall Street expectations. Expedia posted adjusted earnings of $2.39 per share on revenue of $3.18 billion, exceeding analysts’ expectations for $2.04 per share in profit on $3.07 billion in revenue, according […]
Read More
Amazon scrubs DEI mention from its annual report
A person walks by The Spheres at the Amazon.com Inc. headquarters in Seattle, Washington, on Nov. 14, 2022. David Ryder | Getty Images News | Getty Images Amazon has removed any references to diversity and inclusion from its most recent annual report. The company filed its report for 2024 on Friday following the release of […]
Read More
Stocks making the biggest moves premarket: Pinterest, Amazon, Take-Two Interactive, Tesla and more
Check out the companies making headlines before the bell. Affirm Holdings — Shares of the payment company popped 14% after Affirm exceeded earnings and revenue expectations for the fiscal second quarter . Affirm, which provides buy now, pay later loans, reported $866 million in revenue for the period, while analysts polled by LSEG expected $807 […]
Read More
Stock futures are little changed as investors brace for big payrolls report: Live updates
Traders work on the floor of the New York Stock Exchange on Feb. 6, 2025. NYSE Stock futures were little changed early Friday as January’s big jobs report loomed. Futures tied to the Dow Jones Industrial Average gained 20 points or 0.04%. S&P 500 futures and Nasdaq 100 futures also traded near the flatline. Amazon […]
Read More