1,814.00 -3.46 (-0.19%)
Pre-Market: 5:38AM EDT
|Bid||1,811.75 x 1000|
|Ask||1,814.02 x 900|
|Day's Range||1,795.50 - 1,822.06|
|52 Week Range||1,307.00 - 2,035.80|
|Beta (3Y Monthly)||1.62|
|PE Ratio (TTM)||75.40|
|Earnings Date||Oct 23, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2,303.14|
Veteran businessman and former J.C. Penney CEO Ron Johnson is now the CEO of Enjoy, a mobile store company that helps bring the traditional shopping experience into the homes of consumers. Johnson joined The Final Round on Wednesday to give his thoughts on the state of retail, and where businesses like J.C. Penney have steered incorrectly.
Yahoo Finance's Brian Sozzi and Alexis Christoforous share their thoughts on FedEx's weak quarter with Trip Miller, a Managing Partner at Gullane Capital Partners.
Surging consumer spending has kept the U.S. economy afloat – but it hasn’t been enough to buoy the financial results for FedEx.
The retailer is offering a higher quality HD streaming service for 50 million songs, with digital sound quality similar to CDs.
‘There’s basically that 24-hour cooling period before you actually execute on that transaction,’ a consumer psychologist said.
Some vaping products were still listed on the Indian websites of Amazon.com Inc and Walmart's Flipkart on Thursday, while several other websites discontinued their sales a day after the government's nationwide ban. Warning of an "epidemic" among young people, India banned sale, production, import and advertising of e-cigarettes, dealing a blow to the plans of companies such as Juul Labs and Philip Morris International to sell the products in the country. Websites such as Vapestop and Litejoy, which offered vaping products online, discontinued their operations and ran disclaimers on their websites related to the government order.
(Bloomberg) -- Facebook Inc. Chief Executive Officer Mark Zuckerberg is visiting Washington as the company confronts growing scrutiny over its privacy and marketplace practices.Zuckerberg will “meet with policy makers and talk about future internet regulation,” Facebook spokesman Andy Stone said in a statement.Senator Mark Warner, a Virginia Democrat and the ranking member of the Intelligence Committee, and other senators had dinner with Zuckerberg in Washington, Rachel Cohen, a Warner spokeswoman, said in a statement released Wednesday night.“The participants had a discussion touching on multiple issues, including the role and responsibility of social media platforms in protecting our democracy, and what steps Congress should take to defend our elections, protect consumer data, and encourage competition in the social media space,” Cohen said.Her statement did not identify the other senators, but said that Warner had helped organize the dinner “at Facebook’s request.”Zuckerberg is scheduled to meet with Senator Maria Cantwell of Washington State, according to a person familiar with the plans. Cantwell is the top Democrat on the Senate Commerce Committee, which is weighing privacy legislation.Zuckerberg will also meet with House Intelligence Chairman Adam Schiff of California, said another person familiar with the matter, who on Wednesday night declined to say exactly when the meeting would take place or provide additional information.Senator Jerry Moran, a Kansas Republican, is also working on scheduling a get-together with Zuckerberg, a senior Senate aide said.Zuckerberg is not scheduled to meet with House Speaker Nancy Pelosi, according to a person familiar with the matter. Democrats castigated the company earlier this year after it failed to remove a doctored video of Pelosi. She has snubbed at least two meetings with him, Bloomberg has reported.Zuckerberg’s Washington visit comes as Facebook is battling criticism from lawmakers over its handling of users’ personal information, the proliferation of violent content and election interference by foreign operatives. The company is also facing antitrust investigations of its business practices from federal, congressional and state authorities.On Wednesday, lawmakers from the Senate Commerce Committee grilled executives from Facebook, Twitter Inc. and Alphabet Inc.’s Google over the spread of extremism and violence on digital platforms.Separately, the Federal Trade Commission has opened an antitrust probe of the company, and New York is leading a coalition of states in a wide-ranging investigation of the social media giant. In July, Facebook agreed to pay $5 billion to settle FTC allegations it violated users’ privacy.The House Judiciary antitrust subcommittee is also investigating competition issues in the technology industry. Last week, the panel sent a letter to Facebook seeking information about its acquisitions as well as communications from Zuckerberg, Chief Operating Officer Sheryl Sandberg, former general counsel Colin Stretch and policy chief Kevin Martin.The company is trying to win over lawmakers threatening to stymie its launch of a new digital currency called Libra that its executives say can lower costs and expand access to the banking system in developing countries. The project faced bipartisan scorn during congressional hearings in July, even leading to legislative proposals that would kill it.(Updates with Warner dinner, starting in third paragraph.)\--With assistance from Billy House, Joe Light and Ben Brody.To contact the reporters on this story: Naomi Nix in Washington at email@example.com;Rebecca Kern in Arlington at firstname.lastname@example.orgTo contact the editors responsible for this story: Sara Forden at email@example.com, John HarneyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Roku (ROKU) shares closed down almost 14% on Wednesday as social media giant Facebook (FB) announced that they would be jumping on the streaming bandwagon.
Should investors consider buying Micron (MU) stock with the chipmaker set to report its quarterly financial results on Thursday, September 26?
(Bloomberg Opinion) -- Singapore is a major Asian refining hub, though it doesn’t have a drop of crude petroleum. Now, the tiny country is punching above its weight in data. The upshot for investors: An asset class that pays 51% in a world where earning even zero is increasingly a luxury.There’s a limit to how many bits and bytes even a busy financial center of 5.6 million people can produce. Yet, measured by power supply, Singapore is now the world’s largest repository for storing and processing data. Facebook Inc. alone is setting up an 11-story facility, its first such custom-built center in Asia. Data-center real-estate investment trusts, or landlords who take money from public shareholders to own and manage server farms for rent-paying tech clients, are now a globally popular investment. Singapore has unique attractions. Some are technical, such as low-latency connectivity. Another is that its investors are wealthy and old. Assured returns today excite them more than uncertain growth tomorrow. If global tech is a gold rush, Singaporeans are happy to pour money into the picks and shovels.Consider two current deals. Keppel DC REIT, which is seeking a combined S$478.2 million ($347.8 milion) from a private sale of shares and a preferential issue, saw the placement fully covered within the first hour of bookbuilding at the top of the price range. Shares have risen 44% over the past year. Including dividends, the returns have been 51%. Keppel DC will use the newly raised funds to expand its portfolio to S$2.58 billion, spread across 17 data centers globally.A world awash in cash helps boost the attractiveness of REIT dividends for small savers who would otherwise have to lunge for risk to earn decent yields. Not surprisingly, Mapletree Industrial Trust increased the size of its private placement to S$400 million after it was covered 6.3 times. The Singapore REIT, which wants to acquire data centers in North America, has handed 30% returns to investors over the past year. Will the good times last? Singapore has its drawbacks. The island became the “Houston of Asia” because it had a deep-water seaport and a large rig-building industry.The oil of the 21st century is a different industry. Data travels along copper wires and gets stored in micro-thin wafers of metal compounds, which have a tendency to heat up. The ideal storage center would be in a place where the electricity consumed in keeping servers cool isn’t as high as in tropical Singapore. Every watt of power that goes into computing as much as 0.78 watts has to be set aside to beat the year-round heat and humidity.Neither does it help that real estate is scarce. Even with land reclaimed from the sea, Singapore remains smaller than Rhode Island.Still, Singapore’s long-term advantage comes from being tiny, especially if Hong Kong founders as a rival.Sprawling data centers in China’s Inner Mongolia, as well as India or Indonesia, will primarily serve domestic digital content and commerce. They’ll also be fraught with politics. Populous countries will insist on being able to trace their citizens’ online behavior in the name of national security. Localization is one price global tech firms will have to pay to access these sizable markets. With New Delhi weighing a law that would make local storage mandatory, mining tycoon Gautam Adani wants to invest $10 billion in server farms in just one state. He’s waiting to sign up the likes of Amazon.com Inc. and Google. Alphabet Inc.’s Google, which has no data centers in China, has been in talks with Tencent Holdings Ltd. and several other Chinese firms to bring in its cloud services. However, in China’s case, an additional complication is the trade war. It’s not clear if Alphabet’s plans to offer Google Drive and Google Docs on the mainland will proceed apace amid increasing scrutiny by a hawkish establishment in Washington.Singapore, run by the same political party since 1959, offers predictable rule of law and infrastructure to give tech companies a comfort level for storing their most valuable resource. On land costs alone, neighboring Malaysia would be cheaper. But when deciding to set up a data center, investors assign a far bigger weight to future risks. And that’s where small, stable Singapore earns its big payoff.To contact the author of this story: Andy Mukherjee at firstname.lastname@example.orgTo contact the editor responsible for this story: Patrick McDowell at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andy Mukherjee is a Bloomberg Opinion columnist covering industrial companies and financial services. He previously was a columnist for Reuters Breakingviews. He has also worked for the Straits Times, ET NOW and Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Today’s consumers want convenience, speed and everything they need at their fingertips — and no one delivers quite like Amazon on those fronts. If you’ve been pondering the question of how to make money online, selling on Amazon (NASDAQ: AMZN) can offer you a massive flow of buyers for your products from every corner of the modern world. Selling on Amazon can be a great side hustle, but to make the most out of your new store, you’ll need to do a little planning first.
There's been a lot of hand-wringing about how “Hustlers” did so well while a prestigious Pulitzer Prize winner like “The Goldfinch” could do so poorly, writes film critic Eleanor Ringel-Cater.
The shipping industry is in crux position as retail is shifting from brick-and-mortar to online. This creates both an excellent opportunity for growth as well as new competitors like industry behemoth Amazon.
Amazon said on Wednesday it will make donating to a U.S. presidential candidate as easy as turning on the lights or replenishing a household's toilet-paper stocks, via its Alexa digital assistant. Alexa Political Contributions, powered by Amazon Pay, the company's payment system, will allow customers to contribute up to $200 to a campaign simply by saying "Alexa, donate to [candidate name]," according to a blog post from the world's largest retailer. Amazon both unveiled the technology and invited candidates to sign up on Wednesday, according to a spokeswoman.
Facebook has unveiled its video-streaming Portal TV and Comcast plans to offer its Xfinity Flex set-top box for free to internet customers. Roku stock dived on the news, as Facebook was flat.
We searched, using our Zacks Stock Screener, for large-cap dividend stocks investors might want to buy after the U.S. Federal Reserve cut interest rates for the second time...
Buckingham Capital Management was launched back in 1985 by David Keidan. Mr. Keidan is the fund’s President and Chief Investment Officer, and also a Trustee at Montefiore Health System Inc. He holds MBA from Harvard Business School, and prior to founding Buckingham Capital Management he gained vast experience in research, trading and asset management. He […]
Amazon is growing in Chicago, and it's growing efforts to help develop tech skills among youth in the city.
The huge turnout, despite Nashville’s low unemployment rate, is a sign that job seekers are facing stiff competition to land a job at the tech giant.
An Amazon executive speaking in Arlington talked about what that division will — and won't — be here in the region.