|Bid||1,895.48 x 1000|
|Ask||1,895.94 x 1000|
|Day's Range||1,890.59 - 1,903.80|
|52 Week Range||1,307.00 - 2,050.50|
|Beta (3Y Monthly)||1.73|
|PE Ratio (TTM)||79.05|
|Earnings Date||Jul 24, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2,231.98|
Yahoo Finance’s Adam Shapiro, Julie Hyman, Scott Gamm, and Emily McCormick discuss.
Our full review of the Amazon Echo Show 5.
Streaming services are driving growth in the music industry as questions persist about whether artists and songwriters are getting their fair share of the pie.
Salesforce.com is spending $15.7 billion to buy Tableau, the world’s leading Business Intelligence vendor. While this acquisition may look like a big move for Salesforce, I believe it exposes the company’s desperate effort to keep up with Microsoft. On the financial side, the price for Tableau (DATA) represents almost a 50% premium over its market value.
If you’re a member of the wholesale retailer Costco, you’ll likely know that it’s known for selling way more of stuff than you’ll ever need, surprisingly good food-court pizza, and quality products from its house brand, Kirkland. Many of Costco’s most popular products, especially those that aren’t TVs, produce, or giant-sized portions of paper goods, are sold under the Kirkland brand, which generally can’t be found outside of a Costco store, meaning if you don’t have a membership or a friend with one, you’re out of luck. A quick scan of the web reveals that there are in fact dozens of Kirkland products being sold on Amazon’s website.
The fulfillment center, which will be open in time for the winter holiday rush, will handle small, personal items like books and electronics and will ship packages across the U.S.
July sales are heating up as retailers look to slow Amazon.com Inc.’s Prime Day momentum, and drive consumers to their sites with deals of their own. Amazon (AMZN) is hosting its Prime Day shopping event across two days this year, July 15 and 16. The e-commerce giant says there will be more than one million deals across 18 countries, including price discounts on televisions and Amazon devices.
A boost in spending from Amazon’s current Prime members is the key, according to Loop Capital analyst Anthony Chukumba.
Amazon Web Services and Microsoft are battling for the Defense Department’s cloud-computing contract. The winner will benefit for years to come.
Amazon (AMZN) unveils Amazon Professional Beauty Store for selling beauty products to professional stylists, barbers, and aestheticians.
(Bloomberg) -- President Donald Trump complained again about supposed bias against conservatives at social media companies and said the U.S. government should sue Google and Facebook Inc. for unspecified wrongdoing.Trump complained in an interview with Fox Business Network on Wednesday that social media companies are run by Democrats and that Twitter has somehow made it difficult for people to follow his @realDonaldTrump account, from which he tweets prolifically.“What they did to me on Twitter is incredible,” Trump said in the interview with Fox’s Maria Bartiromo. “You know I have millions and millions of followers but I will tell you they make it very hard for people to join me at Twitter and then make it very much harder for me to get out the message.”Twitter said that followers of high-profile accounts may have been deleted as part of an effort to remove fake, abusive and malicious accounts.For More: Trump Accuses Twitter of Political Bias in Culling His FollowersThe White House said Wednesday it’s planning a Social Media Summit July 11 to “bring together digital leaders for a robust conversation on the opportunities and challenges of today’s online environment.”Trump also complained about the European Union targeting U.S. technology companies in the interview. EU Competition Commissioner Margrethe Vestager has fined Google billions of dollars for antitrust violations and has opened an early-stage probe into Amazon.com Inc.‘s potential use of data on smaller rivals’ sales.“You know, look, we should be suing Google and Facebook and all that, which perhaps we will, okay,” Trump said. “They’re suing everybody, they make it almost impossible to do business.”Trump didn’t say what he thinks the U.S. should sue the companies for.Alphabet Inc.‘s Google, Facebook and Twitter shares dipped on the news before recovering and were little changed in early trading.Representatives for Google and Facebook didn’t comment.Social media companies have sought to more aggressively police their sites for what they consider hate speech and fraudulent accounts, but say they have no policies targeting conservatives.Trump’s threat comes after Project Veritas, a conservative organization known for deceptively edited hidden-camera videos, released footage this week allegedly depicting a Google employee saying the company wants to prevent Trump’s re-election.In a blog post, the woman from the video said the notion Google is trying to sway the election “is absolute, unadulterated nonsense.”She said she was explaining that her former team at the company “is working to help prevent the types of online foreign interference that happened in 2016.”House HearingAll three companies were scheduled to testify before a House committee Wednesday on efforts to combat terrorist content and misinformation.Representative Mike Rogers, the top Republican on the House Homeland Security Committee holding the hearing said he had “serious questions” about Google’s ability to be fair given the Project Veritas video.“This report, and others like it, are a stark reminder of why the founders created the First Amendment,” Rogers said in his opening statement. “We are in trouble” if the views in the video represented Google company policy.Google’s global director of information policy testified Wednesday that no single employee could skew search results based on her political beliefs.“We are in the trust business,” the executive, Derek Slater, told Rogers. “We have a long-term incentive to get that right.”Big technology companies are coming under heightened scrutiny in Washington from the government and Congress. Trump’s Justice Department and the Federal Trade Commission have taken the first steps toward investigating four big platforms for antitrust violations by splitting jurisdiction over them. The Justice Department has taken responsibility for Google and Apple Inc., while the FTC will oversee Facebook and Amazon.The House Judiciary antitrust subcommittee, led by Rhode Island Democrat David Cicilline, has launched a broad investigation into the nation’s biggest technology companies starting with a focus on how companies like Google and Facebook have impacted the news industry.For more: House Panel Kicks Off Antitrust Probe With Focus on News MediaSeparately, state attorneys general, including Nebraska’s Doug Peterson and Louisiana’s Jeff Landry -- both Republicans -- are advancing a broad inquiry into whether the biggest U.S. technology platforms are violating antitrust and consumer protection statutes.(Updates with White House plans to hold social media summit in fifth paragraph)\--With assistance from David McLaughlin.To contact the reporters on this story: Alyza Sebenius in Washington at email@example.com;Ben Brody in Washington, D.C. at firstname.lastname@example.orgTo contact the editors responsible for this story: Alex Wayne at email@example.com, Sara FordenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
President Donald Trump Tuesday morning thanked himself for a stock market that has been mostly clambering to new heights. The 45th president via Twitter touted the buoyancy of the equity markets, saying: “Stock Market is heading for one of the best months (June) in the history of our Country. Stock Market is heading for one of the best months (June) in the history of our Country.
President Donald Trump has been happy to collect tariffs on Chinese goods. Last month, he even came up with the idea of buying agricultural products from US farmers with the tariffs collected on Chinese goods and then shipping those products to countries in need of aid.
(Bloomberg) -- FedEx Corp. predicted a “transition year’’ for fiscal 2020, with an improving outlook for e-commerce profits tempered by concerns that international trade tensions will worsen.Revenue per package in the ground-delivery operation rose 2.2% in the quarter ending May 31 as volume growth accelerated to 8.8%, FedEx said in a statement late Tuesday. That signaled progress in the courier’s push to extract higher profits from the surge in home deliveries driven by online shopping.FedEx is stepping up efforts to become the low-cost provider of e-commerce deliveries, paring jobs and partnering with companies such as Dollar General Corp. to add pickup and drop-off sites. But FedEx is struggling to shore up its Express air-delivery division -- the unit most threatened by escalating trade tensions, especially between the U.S. and China.“The utilization of the ground network and the opportunity they feel that they have with e-commerce to significantly grow is the positive that people are taking out of this,” said Trip Miller, managing partner at Gullane Capital Partners, which owns FedEx shares. “But certainly, we didn’t hear anything positive about China. We didn’t hear anything positive about Europe.”The shares fell 1.1% to $154.21 at 9:45 a.m. Wednesday in New York. The shares had dropped 3.3% this year through Tuesday, while rival United Parcel Service Inc. was little changed and a Standard & Poor’s index of industrial companies advanced 19%.Weak ForecastFedEx has been struggling to keep up with Wall Street’s expectations as the company pours money into making deliveries more efficient and struggles with a cloudy trade outlook.Adjusted earnings for the current fiscal year will drop by “a mid-single-digit percentage” from $15.52 a share in the year just ended, FedEx said in the statement. Analysts were expecting $16.15 in fiscal 2020 -- an estimate that had already been whittled down from $20 about six months ago.“Our fiscal 2020 performance is being negatively affected by continued weakness in global trade and industrial production, especially at FedEx Express,” said Chief Financial Officer Alan Graf.That impact extended a longstanding sense of frustration at FedEx with President Donald Trump’s willingness to stoke trade tensions, said Chief Executive Officer Fred Smith.“Clearly, we’ve been very disappointed over the last few years with the assumptions that we made on the growth in international trade, particularly with the Trump administration,” Smith said on a conference call with analysts and investors. “We have become a protectionist country.”FedEx fired a new weapon in the simmering U.S.-China trade war this week, suing the Trump administration to block enforcement of trade restrictions that have placed the company in Beijing’s crosshairs.The federal lawsuit came after the White House barred U.S. companies from selling technology to Chinese telecommunications giant Huawei Technologies Co.While trying to comply, FedEx employees mistakenly flagged packages involving Huawei. Now China is considering adding the courier to a list of so-called unreliable entities.Understanding China’s ‘Unreliable Entities’ Blacklist: QuickTakeE-Commerce ChallengeCloser to home, the next 12 months will be pivotal for FedEx as it seeks to stem the decline in profit margins at the company’s ground unit. Recent moves include extending deliveries to seven days a week and reducing reliance on the U.S. Postal Service.FedEx’s Express business cut ties with Amazon.com Inc. as the largest online retailer muscles into the delivery business. FedEx said it would focus on more profitable customers.The challenge for FedEx -- and UPS -- is that deliveries to homes, where drivers often handle a single package at each stop, tend to be less profitable than business deliveries, where they might pick up or drop off several parcels.“Fiscal year 2020 is in many ways a transition year for FedEx as we continue to reinvigorate our business to capitalize on e-commerce growth and execute significant initiatives to reduce our cost to serve in the U.S.,” said Chief Operating Officer Rajesh Subramaniam.Those efforts are softening the blow from the weak profit forecast for fiscal 2020 -- but the pressure will remain on FedEx to show sustained gains from the rise of online shopping.“FedEx is not out of the woods,” Cowen analyst Helane Becker said in a note to investors, “but base expectations are lower and if there is any shift towards a more optimistic macro environment, we expect shares to move higher from current levels.”(Updates stock action in fifth paragraph)\--With assistance from Karen Lin.To contact the reporter on this story: Thomas Black in Dallas at firstname.lastname@example.orgTo contact the editors responsible for this story: Brendan Case at email@example.com, Tony Robinson, Cécile DauratFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Amazon announced yesterday its “Prime Day” deals would extend for a full 48 hours July 15 and 16, but eBay and Target aren’t just going to sit back and watch the dollars pile up: they’re countering with promotions of their own. CNBC reported that Amazon had failed to secure enough servers to handle the traffic surge, and the glitch prompted Amazon to launch a scaled-down back-up front page, temporarily suspend international traffic, and add servers manually.
Symantec's (SYMC) Cloud Workload Protection new service with Amazon GuardDuty will enable AWS customers to automate and streamline key components of cloud security.