Amazon.com Inc
’The next Nvidia’: Broadcom is the AI chip stock to own in 2025, investor says
Broadcom is more likely to deliver big gains for investors in 2025 than AI chip leader Nvidia , as major technology companies seek to reduce their dependence on a single supplier, according to fund manager Stephen Yiu. Yiu, portfolio manager of the Blue Whale Growth Fund, said that while Big Tech giants, such as Microsoft […]
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Behind Amazon’s quiet launch of Haul, which competes with Temu in ultra-low-price items from China
Two weeks before Black Friday, Amazon quietly added a new section to the top of its mobile app. Called Haul, it’s a mobile-only area for ultra-low-price items, primarily shipped directly from China. Haul is Amazon’s answer to the booming popularity of apps such as PDD Holdings‘ Temu and fast-fashion retailer Shein. Amazon told CNBC that […]
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Party City to close all of its stores, report says
A sign in a Party City store in Miami, Florida, on Jan. 18, 2023. Joe Raedle | Getty Images Party City on Friday announced it will close all of its stores and has initiated corporate layoffs effective immediately, according to a CNN report. CEO Barry Litwin told corporate employees in a meeting viewed by CNN […]
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OpenAI is done with Shipmas and staring down daunting challenges for 2025
Sam Altman Co-founder and CEO of OpenAI speaks during the Italian Tech Week 2024 at OGR Officine Grandi Riparazioni on September 25, 2024 in Turin, Italy. Stefano Guidi | Getty Images News | Getty Images OpenAI’s “12 Days of Shipmas,” which wrapped up on Friday, brought a sense of levity to end the year. The […]
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Starbucks baristas strike in three U.S. cities during pre-Christmas rush
Starbucks Workers United union members and supporters on a picket line outside a Starbucks coffee shop in New York, US, on Thursday, Nov. 16, 2023. Victor J. Blue | Bloomberg | Getty Images Starbucks baristas in some locations are planning to strike through Christmas Eve, starting with cafes in Los Angeles, Chicago and Seattle on […]
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Amazon workers strike across seven facilities at peak of holiday shopping season
An Amazon delivery truck passes people holding signs and marching during a strike by Teamsters union members at an Amazon facility in Alpharetta, Georgia, U.S. December 19, 2024. REUTERS/Elijah Nouvelage Elijah Nouvelage | Reuters Amazon workers across seven facilities in New York, Georgia, California and Illinois went on strike on Thursday to lobby for better […]
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How bitcoin views are evolving among corporate America’s cash managers: CNBC CFO Council Survey
In recent months, billionaire bitcoin investor Michael Saylor tried to convince Microsoft to use some of its more than $78.42 billion in cash and cash equivalents on its balance sheet to buy bitcoin. The strategy has been a lucrative one for Saylor and the company he co-founded, MicroStrategy. The company’s stock price has risen more […]
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Amazon workers strike at seven U.S. facilities ahead of Christmas rush
Striking workers picket outside of the Amazon DAX5 warehouse, in City of Industry, California, U.S., December 19, 2024. Daniel Cole | Reuters Amazon.com workers at seven U.S. facilities walked off the job early on Thursday during the holiday shopping rush, aiming to pressure the retailer into contract talks with their union. Warehouse workers in cities […]
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AMD invests in GPU cloud provider Vultr at $3.5 billion valuation
A sign is posted in front of the Advanced Micro Devices (AMD) headquarters on May 10, 2022 in Santa Clara, California. Justin Sullivan | Getty Images Vultr, a startup that rents out graphics processing units and other cloud infrastructure to businesses, has raised $333 million in a transaction that values the company at $3.5 billion. […]
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Why the Dow is in such a historic funk and how concerned you should be
Key Points The biggest laggard in the Dow Jones Industrial Average has been UnitedHealth, which has contributed to more than half of the decline over the past eight sessions. There’s a rotation going on with investors selling out of the cyclical names in the 30-stock Dow that initially popped on Trump’s reelection. There are many […]
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