|Day's range||0.5000 - 0.6700|
GameStop fires CEO Matt Furlong, CNN CEO Chris Licht steps down, and Bernstein Analyst Mark Shmulik sends an open letter to Amazon CEO Andy Jassy urging the company to refocus. Yahoo Finance Live breaks down some of the top stories of the day.
Amazon has investments in everything from health care to grocery stores. But is it becoming too much? In an open letter to Amazon CEO Andy Jassy, Bernstein Internet Research Analyst Mark Shmulik urges to leadership to pare down on some investments and re-focus on others, like its media business.
Amazon Web Services announced their large scale simulation system is now available for government clients. AWS Worldwide Public Sector Vice President Max Peterson sits down with Yahoo Finance's Dan Howley to expand on how AWS is capitalizing on generative AI.
Shares of Roku (NASDAQ: ROKU) were surging today even as there was no major news out on the leading streaming distribution platform. Instead, investors seemed to be reacting to a number of smaller news items, including that Amazon was planning to launch an ad-based tier for Prime Video. As of 1:52 p.m. ET, Roku stock was up 11.6% as of 1:53 p.m. ET.
Shares of Palantir Technologies (NYSE: PLTR) charged sharply higher Wednesday, defying the broader market downturn and spiking as much as 11%. The catalyst that sent the artificial intelligence (AI) and data mining specialist higher was the company's latest deal, which marks the third such announcement this week. Palantir announced a new multi-year partnership to bring "smart factory" technology to Panasonic's (OTC: PCRFY) manufacturing facility in Nevada.
(Bloomberg) -- Amazon.com Inc. will allow eligible US retailers using the online retail giant’s Amazon Pay service to offer Affirm Holdings Inc.’s buy now, pay later product under a new agreement between the two companies.Most Read from BloombergThese Are the World’s 20 Most Expensive Cities for Expats in 2023Tech Stocks Sputter as Traders Consider July Hike: Markets WrapGeorge Santos Loses Bid to Shield the People Who Guaranteed His $500,000 BailDam Destroyed in the Dead of Night Upstages Ukrai
A strong U.S. consumer signals a bright future for these three attractively valued industry leaders.
Dish Network (NASDAQ: DISH) is reportedly partnering with Amazon (NASDAQ: AMZN) in order to get into 5G cellular plans. Could this be an expansion of Prime or a new product line from Amazon? In this video, Travis Hoium covers what we know so far and how old this partnership is.
This ad tech firm has a history of double-digit revenue growth, but is now confronted with a downturn in the advertising industry.
These stocks are already performing well but could kick into higher gear in a new S&P 500 bull market.
No company on the planet commands a greater market cap than Apple (NASDAQ: AAPL) right now. At its current pace, Apple appears to be a lock to reach $5 trillion in market cap within the next few years. Nvidia flirted with the $1 trillion level, but there are currently only four stocks other than Apple with market caps above the $1 trillion.
Among Meta Platforms (formerly Facebook), Apple, Amazon, Netflix, and Alphabet (formerly Google), there's one historically cheap industry leader begging to be bought and another outperformer that's priced for perfection.
Target (NYSE: TGT) is one of the best-known big-box retail giants. Let's discuss what is dragging the stock lower, and why Target is looking like a great dividend stock to buy now despite some concerns. Over the past month, its stock is drastically underperforming the S&P 500, the consumer discretionary sector, the retail industry, and even peers like Walmart (NYSE: WMT) and Costco Wholesale (NASDAQ: COST).
Costco is one of them, as it allows us to keep our credit card bills down in the course of feeding our family. When I say that my husband and I shop at Home Depot, what I really mean is that he makes a shopping list and picks out what he needs, and I go along for the company. Before you head to Home Depot, do your research.
Amazon (AMZN) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
While major wireless carriers have denied it, e-commerce and cloud computing giant Amazon (NASDAQ: AMZN) is reportedly considering adding a free or inexpensive wireless service plan onto its prime membership. Shares of AT&T (NYSE: T) have dropped since the news broke, although the stock has been weak for months. Since peaking in early April, AT&T stock has shed nearly 25% of its value.
Amid this economic upheaval, one thing is nearly certain: The businesses that lead the world into the coming age of AI stand to deliver fortunes to their shareholders. Microsoft (NASDAQ: MSFT) has become a powerhouse in the AI arena, due largely to its multibillion-dollar investment in ChatGPT-creator OpenAI. Microsoft has moved quickly to integrate OpenAI's highly regarded tech into its products and services.
In the investing world, Warren Buffett has arguably been consistently successful over several decades and has shared the investing philosophy that helped make him successful. One of the world's wealthiest people, Buffett still plays a significant role in determining what his holding company, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), buys and sells. While investors shouldn't mindlessly copy what others do because everyone has unique investing goals, Buffett's reputation and buy-and-hold philosophy make Berkshire an excellent source for stock ideas for a broad range of investors.
While the history and patterns of the stock market can certainly serve as a guide, and the market is known for its cyclicality, investing requires patience, consistency, and the fortitude to keep adding money to great companies in all types of environments. Amazon (NASDAQ: AMZN) investors likely breathed a sigh of relief when its results for the first quarter of 2023 came out. Fast-forward to the first three months of this year, and Amazon's aggressive cost-cutting efforts -- which have included a series of major layoffs following supercharged hiring initiatives earlier in the pandemic -- look to be paying off.