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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.
Just think of it as Amazon trying to make sure you have plenty of breaktime during your favorite shows to, you know, grab a snack, use the...
The entertainment world is all about streaming video these days, and some promising news about that technology pushed Paramount Global's (NASDAQ: PARA) stock higher on Hump Day. In an article covering Amazon's (NASDAQ: AMZN) plan to offer an ad-supported version of its Prime Video streaming service, The Wall Street Journal said that Paramount could deepen its relationship with the monster retailer. Citing "people familiar with the situation," Paramount is currently in discussions with Amazon to add the ad-supported tier of its own streamer (Paramount+) to Prime Video.
E-commerce and cloud giant Amazon is trying to do too many things and should scale back, says Bernstein analyst Mark Shmulik. He has an Outperform rating on Amazon stock with a $140 price target.
Americans in the Northeast are experiencing extreme air quality conditions due to wildfires raging across Canada. Orange-tinged images of New York City took over social media on June 7 as city officials instructed residents to remain indoors whenever possible.
Several China stocks are doing well, setting up near buy points. EV and battery giant BYD is back in a buy zone.
Shares in Amazon.com closed down 4.2% on Wednesday, leading declines in the S&P 500 consumer discretionary sector while video streaming companies Warner Bros Discovery and Paramount Global rallied. Amazon shares deepened losses after a Wall Street Journal report said the online retailer and video streamer is planning an advertising-supported tier for its Prime Video streaming service and that it is in talks with Warner Bros Discovery and Paramount about including ad-based tiers of their streaming services through Amazon Prime Video Channels.
The company has been aggressively expanding its broader advertising operation, which was the fastest-growing part of the overall business last quarter.
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.
On Wednesday, Wayfair stock earned a positive adjustment to its Relative Strength (RS) Rating, from 77 to 87. When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength. Is Wayfair Stock A Buy?
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Amazon is reportedly planning to launch an advertising-supported tier of its Prime Video streaming service as the internet retail and streaming giant looks to further build its ad business and generate more revenue from entertainment. The discussions, which are in the early stages, have been going on over the past several weeks, the Wall Street Journal reported, and come in the wake of cost-cutting reviews across the company's businesses, resulting in tens of thousands of layoffs. Amazon announced it was eliminating 9,000 jobs on March 20, which were in addition to 18,000 layoffs the company had declared in January.
Amazon is planning to launch an advertising-supported tier of its Prime Video streaming service as it looks to generate more revenue from entertainment.
Amazon.com is planning to launch an advertising-supported tier of its Prime Video streaming service, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Discussions around the ad tier have been going on for several weeks, according to the report, and follow the launch of similar plans by rivals Netflix and Walt Disney . The WSJ report also said Amazon was holding discussions with Warner Bros Discovery and Paramount Global about adding the ad-based tiers of their streaming services through Prime Video Channels.
Discussions around the ad tier have been going on for several weeks, according to the report, and follow the launch of similar plans by rivals Netflix and Walt Disney. The WSJ report also said Amazon was holding discussions with Warner Bros Discovery and Paramount Global about adding the ad-based tiers of their streaming services through Prime Video Channels. Warner Bros Discovery and Paramount did not immediately respond to Reuters' requests for comment, while Amazon declined to comment.
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.
Investing.com -- The Dow closed higher Wednesday, led by energy and materials but tech cooled its recent march higher ahead to the Federal Reserve decision slated for next week.
Lovesac and Wayfair are both out of favor with investors, but their fundamentals are moving in opposite directions.
Affirm Holdings, Inc (NASDAQ: AFRM) stock is shooting higher after Amazon.Com, Inc's (NASDAQ: AMZN) Amazon Pay allowed merchants to offer Affirm's pay-over-time options to their customers at checkout. Now eligible U.S. merchants offering Amazon Pay can seamlessly add Affirm's Adaptive Checkout as a payment option at checkout. The move brings Affirm's pay-over-time technology, used by millions of customers on Amazon.com and the Amazon mobile app, to Amazon Pay's simple and secure payment solution