AMZN - Amazon.com, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
1,908.79
+7.42 (+0.39%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close1,901.37
Open1,907.84
Bid0.00 x 900
Ask0.00 x 900
Day's Range1,892.62 - 1,919.58
52 Week Range1,307.00 - 2,050.50
Volume2,895,347
Avg. Volume4,269,287
Market Cap939.758B
Beta (3Y Monthly)1.73
PE Ratio (TTM)79.69
EPS (TTM)23.95
Earnings DateJul 24, 2019 - Jul 29, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est2,246.75
Trade prices are not sourced from all markets
  • Financial Times3 hours ago

    AI: not so benevolent after all

    A new paper published earlier this month by researchers at the University of Massachusetts Amherst and flagged by the MIT Technology Review reveals the energy and costs involved in training up natural-language processing (NLP) models (ie training machines how to understand and use human language). Like bitcoin mining (which was once done on desktops in geeky coders' bedrooms but is now carried out on an industrial scale on specialised GPUs [graphic processing units] in vast data centres in places like China and Mongolia), as NLP technology has progressed, so have the computing and hardware requirements. One of the most interesting things that the report's authors show is how much energy is required for the "fine-tuning" of these NLP models, often to eke out only marginal improvements in accuracy.

  • Motley Fool3 hours ago

    The Undeath of Malls

    Contrary to popular headline belief, now might be a good time to check out some well-run mall REITs.

  • The $84 Billion Dilemma Vexing India's Three Telecom Tycoons
    Bloomberg4 hours ago

    The $84 Billion Dilemma Vexing India's Three Telecom Tycoons

    (Bloomberg) -- After racking up $59 billion of net debt to survive a brutal war in the world’s second-biggest phone-services market, some of India’s billionaires are bracing for more as their next battle looms: 5G.India seeks to raise $84 billion this year from a sale of airwaves -- most of it for the new technology tipped to revolutionize connectivity. That’s posing a conundrum for the carriers controlled by tycoons including Mukesh Ambani, Asia’s wealthiest man. Investment would mean more borrowings, but the reward could be revenue streams never seen before.Operators may soon decide how much more pain they can endure for a high-speed wireless network that can offer better user experience in streaming, gaming and entertainment in a market where Netflix Inc. to Amazon.com Inc. are making inroads. With applications ranging from manufacturing to education and health care, 5G could be the catalyst for India’s digital economy that has the potential to reach $1 trillion by 2025, according to a report by Deloitte.‘Competitive Parity’“Any player missing on the 5G service offering is likely to see erosion of market share,” said Alok Shende, a Mumbai-based principal analyst for telecom at Ascentius Insights. “There’s all the more case for maintaining competitive parity to remain in the game. Offering a forward path to customers is important.”Bharti Airtel Ltd. and Vodafone Idea Ltd., the two biggest carriers, didn’t respond to request for comments on their 5G plans, while Ambani’s Reliance Industries Ltd. said it won’t comment on the spectrum auction.While 5G offers potential in augmented reality, virtual reality, connected cars, autonomous drones, smart homes and cities, the real promise for a country like India lies in rural areas, said Prashant Singhal, global head of telecommunications at Ernst & Young.The technology could address some of the basic challenges due to lack of infrastructure in health care and education. For instance, an experienced surgeon in a major urban hospital can advise an in-theater doctor in a small town to perform a surgery over a real-time 5G connection or a holographic image of a teacher could be beamed to a classroom in a village, he said.Most of Asia’s largest wireless carriers are in the process testing 5G networks, with plans to introduce them commercially in 2020.World’s FirstSouth Korea’s SK Telecom Co. unveiled its 5G network for public use in April, calling it the world’s first such full commercial roll out. China issued 5G licenses to its three main operators earlier this month, raising the prospect of services starting as early as this year. India plans to deploy its own next year.The immediate challenge in India would be the investment needed for the network, which the Telecom Regulatory Authority of India estimates could be as much as $70 billion. That amount will further dent the finances of operators that are in the midst of efforts to pare debt piled over the past decade.“Spectrum pricing is too expensive in India and the telecom companies will have further stress in their balance sheets if they wish to participate in the upcoming auction,” Rajan Mathews, chief of Cellular Operators Association of India, the industry group representing the carriers, said in an interview Tuesday. “But they have an option of buying at a later date.”Deferred PurchaseIn India, successive governments running chronic budget deficits have relied on airwave auctions to replenish their coffers. If authorities don’t garner enough demand for the airwaves, they usually cut the price by as much as 40% in the subsequent round, according to Deepti Chaturvedi, an analyst at CLSA India Pvt. The preferred option may be to defer the purchase, she wrote in a note earlier this month.Despite a market with more than 1.1 billion subscribers, competition has driven data tariffs to less than a dollar for 1 GB -- the cheapest in the world. The monthly average revenue per mobile user is also among the lowest -- at about $2 -- compared with about $8 in China and at least $40 in the U.S.The environment got tougher after Ambani, 62, as part of his empire expansion, unleashed Reliance Jio Infocomm Ltd. in 2016 with free calls and even cheaper data. As a result, many incumbents retreated or merged. Reliance Communications Ltd., run by Ambani’s younger brother, is now facing bankruptcy. The consolidation has left three non-state carriers still standing, from about 10 four years ago: Jio, Bharti Airtel and Vodafone Idea.Bruised by Jio, which rolled out its network aggressively to acquire more than 300 million customers within three years, billionaire Sunil Mittal’s Bharti Airtel has run up a net debt of about $16 billion, while shoring up profits with one-time gains for at least four quarters in a row.Vodafone Idea, India’s largest carrier by users after Vodafone Group Plc’s local unit merged with tycoon Kumar Mangalam Birla’s Idea Cellular Ltd., has reported losses in every quarter since the deal was announced in 2017. Both Bharti Airtel and Vodafone Idea top the list of Asian peers with highest borrowings, according to data compiled by Bloomberg.However, unlisted Jio thrived, supported by the deep pockets of Ambani’s energy-to-retail conglomerate that has spent more than $36 billion to build the telecom unit. But the group’s net debt of almost $28 billion is also backed by cash and equivalents of $11.3 billion. In January, Ambani, said in a speech that his network is “fully 5G ready,” signaling spending will be relatively less.Globally, 5G spectrum auctions have witnessed “robust” participation, said Ernst & Young’s Singhal. Germany raised 6.55 billion euros ($7.3 billion) this month, more than the government’s highest estimate of 5 billion euros, while Italy got $7.6 billion last year, more than twice what authorities expected. If that trend is any indication, India’s auction may well turn out to be a success.“The prognosis for 5G in India is positive given the growing appetite for data, increasing digital transformation and the need to quickly adopt new technologies,” said Singhal. “It has the potential to transform lives and play a key role in socio-economic development.”\--With assistance from Santosh Kumar and Dave McCombs.To contact the reporter on this story: P R Sanjai in Mumbai at psanjai@bloomberg.netTo contact the editors responsible for this story: Sam Nagarajan at samnagarajan@bloomberg.net, Bhuma ShrivastavaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Why Shopify Stock Soared to a New All-Time High
    Motley Fool7 hours ago

    Why Shopify Stock Soared to a New All-Time High

    Investors got a firsthand look at the e-commerce company's impressive pace of innovation this week.

  • Forget Facebook's Cryptocurrency Play Libra and Buy Square (SQ) Stock?
    Zacks7 hours ago

    Forget Facebook's Cryptocurrency Play Libra and Buy Square (SQ) Stock?

    Square stock is down roughly 3.5% over the last three months as investors decide what's next for the once high-flying financial tech giant.

  • Benzinga8 hours ago

    Shopify Launches U.S. Fulfillment Network

    Shopify (NYSE: SHOP ) has launched an Amazon-like fulfillment network in the United States, promising faster, lower-cost shipping merchants using its e-commerce platform. The Canadian firm announced the ...

  • Oracle Investors Breathe a Sigh of Relief on Rising Sales
    Bloomberg8 hours ago

    Oracle Investors Breathe a Sigh of Relief on Rising Sales

    (Bloomberg) -- Oracle Corp.’s shares climbed after the world’s second-largest software maker returned to sales growth and gave a forecast indicating the momentum may continue. For investors, the results were a reprieve amid the company’s uneven transition to cloud-based computing.Revenue increased 1.1% to $11.1 billion in the period ended May 31 from a year earlier, the Redwood City, California-based company said Wednesday in a statement. Analysts, on average, projected $10.9 billion, according to data compiled by Bloomberg. Oracle said sales will grow as much as 2% in the current period.Chief Executive Officers Safra Catz and Mark Hurd have sought to maintain Oracle’s large customer base as the company competes with a dizzying number of rivals in the cloud-computing space. The software maker’s stumbles against Amazon.com Inc. and others have spurred the company to seek help from unlikely sources. Earlier this month, Oracle announced an alliance with longtime rival Microsoft Corp., letting customers use their respective clouds.The period marked Oracle’s first year-over-year increase in total revenue since the fiscal first quarter.Oracle shares jumped about 5% in extended trading after closing at $52.68 in New York. The stock has gained 17% this year.Profit, excluding some expenses, will be 80 cents to 82 cents a share in the period that ends in August, Catz said on a conference call. The forecast is in line with Wall Street’s average estimate of 81 cents. Oracle reported an adjusted profit of $1.16 a share in the fiscal fourth quarter, compared with estimates of $1.07 a share.Pat Walravens, an analyst at JMP Securities, said Oracle’s sales and profit outlook brought relief to concerned investors.“These are small numbers but we seem to be making some progress,’’ Walravens said in an interview. “Oracle is doing a nice job on the applications side, but on the infrastructure side you’re competing against Microsoft, Amazon Web Services and the Google Cloud. That remains highly competitive.’’Larry Ellison, Oracle’s billionaire co-founder and executive chairman, said some corporate applications for the cloud are finally boosting overall growth, even as product lines like the company’s data-broker business declined.“We are focused on our star products and our star products are now driving the top line higher,” Ellison said on the call. “We have these other businesses that are melting away and we just don’t care.”Cloud license and on-premise license sales increased 12% to $2.52 billion, suggesting that Oracle is doing a better job of signing on new customers. The company said that revenue from NetSuite grew 32%, and Fusion HR and financial suites gained by the same amount. Hurd has been keen to chase growth by selling apps and set a target for attaining 50% market share to best rival SAP SE.Revenue from cloud services and license support was unchanged at $6.8 billion in the quarter, Oracle said. While that metric includes revenue from hosting customers’ data on the cloud, a large portion is generated by maintenance fees for traditional software housed on clients’ servers. The unit accounted for more than 60% of total revenue.Sales of Oracle’s servers declined 11% in the period. Catz said the company has chosen to “downsize our low-margin legacy hardware business,” which Oracle acquired when it bought Sun Microsystems.Oracle has been firing workers around the world to cut expenses. The company’s adjusted operating margin reached 47%, the highest in five years. The company’s costs related to restructuring also doubled to $168 million in the quarter compared with a year earlier.The deal between Oracle and Microsoft will allow mutual customers to connect databases on Oracle’s cloud to applications on Microsoft’s Azure cloud. The agreement signified a concession by Oracle that it won’t be able to compete against Amazon Web Services alone. AWS offers cheaper versions of the databases that make up Oracle’s core business.To contact the reporter on this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew Pollack, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Recent Acquisitions by Google, Salesforce, and Intel Seem a Little Desperate
    Motley Fool9 hours ago

    Recent Acquisitions by Google, Salesforce, and Intel Seem a Little Desperate

    These tech giants are paying high prices for defensive acquisitions as their core businesses slow.

  • Benzinga10 hours ago

    FreightWaves Freight Intel Group Researches "Everything Freight And Logistics"

    As another service of FreightWaves SONAR, the Freightwaves Freight Intel Group was launched recently and is publishing in-depth research on "everything freight and logistics," as Senior Research Analyst and team member Seth Holm described the Group's mission. The FreightWaves Freight Intel Group is comprised of a number of FreightWaves' Market Experts and research staff. As topics dictate, they will be supplemented by academic and industry experts with specific knowledge and/or expertise.

  • 5 Must-See Announcements From Shopify's Unite Conference
    Motley Fool10 hours ago

    5 Must-See Announcements From Shopify's Unite Conference

    The e-commerce enabler revealed a host of new products and services that will help drive future gains.

  • Adobe (ADBE) Stock Spikes on Q2 Earnings Beat: Should You Buy?
    Zacks10 hours ago

    Adobe (ADBE) Stock Spikes on Q2 Earnings Beat: Should You Buy?

    Adobe Systems (ADBE) reported second quarter earnings after the closing bell on Tuesday.

  • Nike (NKE) Q4 2019 Earnings Preview: China, North America & More
    Zacks11 hours ago

    Nike (NKE) Q4 2019 Earnings Preview: China, North America & More

    Shares of Nike (NKE) have fallen nearly 4% over the last three months after the sportswear powerhouse warned Wall Street of slowing growth last quarter. Here's what to expect from Nike's top and bottom lines, as well as its key regions: China and North America.

  • Mammoth Centralia lease by Whole Foods supplier shakes up Northwest industrial market
    American City Business Journals11 hours ago

    Mammoth Centralia lease by Whole Foods supplier shakes up Northwest industrial market

    A 1.2-million-square-foot warehouse developed by Tom O'Keefe's company will be the largest in Lewis County.

  • The Funded: 13 Bay Area startups raised nearly $400M at midweek
    American City Business Journals12 hours ago

    The Funded: 13 Bay Area startups raised nearly $400M at midweek

    Thirteen Bay Area companies disclosed nearly $400 million in new funding at midweek. Here are the details about that, along with a boosted IPO, an M&A; deal and fundraising by a small San Francisco VC firm.

  • Bloomberg12 hours ago

    Shopify Is Setting Up Fulfillment Network in U.S., Just Like Amazon

    (Bloomberg) -- Shopify Inc. plans to spend $1 billion to set up a network of fulfillment centers in the U.S. to help merchants using its e-commerce platform deliver products more quickly and cheaply, much the way Amazon.com Inc. does.“A large number of orders are lost in the final stages due to complex shipping costs,” Craig Miller, Shopify’s chief product officer, said at the company’s annual developer conference in Toronto. The service will use machine learning to predict demand and suggest closest fulfillment centers to merchants.The Ottawa-based company unveiled the plan, along with new features such as video and 3D modeling for products, the ability to edit orders and a better user interface. It also added 11 new language capabilities and rolled out a multi-currency payments system to all merchants. It’s planning a new point of sale system for later this year.Its shares jumped 5.1% to a record $319.83 at 2:38 p.m. in New York. It’s the top-performing stock in Canada this year after more than doubling. Shopify has also outperformed any stock in the S&P 500 over that time.Shopify, which processes millions of individual sales by hundreds of thousands of merchants every year, is joining the delivery race. Amazon took the lead in e-commerce by building its own delivery infrastructure with warehouses close to big cities across the U.S.As big retailers like Walmart Inc. and Target Corp. jumped into the game, Amazon responded with a next-day delivery pledge of millions of products.Shopify could potentially pool shipments from different online stores together, making shipping cheaper and more efficient. Storing products from different merchants in centralized warehouses would also bring down costs for sellers and buyers alike, and net Shopify another revenue stream.That could help the company mount a defense against Amazon, which lowers prices and encourages merchants to use its own warehouses and shipping tools.Shares in the online platform, which celebrity Kylie Jenner uses to sell cosmetics, have been rallying after reporting strong first quarter earnings, forecasts for second-quarter revenue that was above expectations and its first annual revenue above $1 billion in 2018.(Updates share price in fourth paragraph, background)\--With assistance from Gerrit De Vynck.To contact the reporters on this story: Simran Jagdev in Toronto at sjagdev1@bloomberg.net;Paula Sambo in Toronto at psambo@bloomberg.netTo contact the editors responsible for this story: Jacqueline Thorpe at jthorpe23@bloomberg.net;Jillian Ward at jward56@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Dividend stocks, hot this year, may get even hotter thanks to the Federal Reserve
    MarketWatch12 hours ago

    Dividend stocks, hot this year, may get even hotter thanks to the Federal Reserve

    DEEP DIVE Dividend stocks, which have performed well this year, may get another boost if the Federal Reserve cuts interest rates. With lower rates, income-seeking investors could use dividend stocks more than ever, and growth investors may also be interested because declining low interest rates prop up prices of higher-yielding stocks.

  • North Andover OKs changes to allow Amazon distribution center
    American City Business Journals12 hours ago

    North Andover OKs changes to allow Amazon distribution center

    The Business Journal was first to report in April that Amazon was likely to locate a distribution center at 1600 Osgood St. in North Andover.

  • Microsoft’s Missteps Offer Antitrust Lessons for Tech’s Big Four
    Bloomberg14 hours ago

    Microsoft’s Missteps Offer Antitrust Lessons for Tech’s Big Four

    (Bloomberg) -- Of the five biggest tech companies in the U.S., Microsoft is the only one that isn't currently in the crosshairs of U.S. antitrust authorities. The software giant already took its turn through the regulatory wringer starting two decades ago, a years-long confrontation that resulted in the finding that the Redmond, Washington-based company had illegally maintained its monopoly for personal-computer operating-system software. The case dealt with the company's moves to kneecap the Netscape web browser by bundling its own product, Internet Explorer, into Windows, the dominant PC operating system.A federal judge ordered the company split in two in 2000, a fate Microsoft avoided when an appeals court reversed that part of the ruling and the company eventually settled. That 2002 settlement led to nine years of court supervision of the company's business practices and required Microsoft to give the top 20 computer makers identical contract terms for licensing Windows, and gave computer makers greater freedom to promote non-Microsoft products like browsers and media-playing software. Because observers and legal pundits almost uniformly agree the software giant did virtually everything wrong in the course of the investigation -- which had its start as early as 1990, followed by a 1998 Justice Department lawsuit -- in retrospect its story serves as a useful instruction manual of what not to do.While no formal inquiries have yet been opened, the Federal Trade Commission and Justice Department carved up the territory of big tech -- Amazon.com Inc., Apple Inc., Alphabet Inc.’s Google and Facebook Inc. -- as they prepare to dig in on antitrust issues. The Department of Justice will look at Google, which dominates the online search and advertising spaces, and Apple, whose pervasive App Store is likely to be under examination. The FTC drew Facebook, with its behemoth social networking and messaging apps and a slew of recent privacy missteps, and e-commerce giant Amazon, which has been pushing into areas like grocery and health. As these companies build their legal teams and prepare strategies for the fight ahead, here are several lessons that Google, Amazon, Apple and Facebook can learn from Microsoft's battle with the feds.Don't deny the obvious. Or don't even put up a fight about whether you have a monopoly. Microsoft, whose Windows software accounted for about 90% of the market for PC operating systems, opted to argue that the space was actually competitive. Parts of the argument included videos where Microsoft employees offered a straight-faced marketing pitch for the benefits of rival Linux programs with a tiny share of the market. The impulse is understandable -- monopoly sounds like a dirty word. But U.S. antitrust law doesn't expressly forbid having a monopoly; it outlaws doing certain things to establish, maintain or extend one. That led some legal scholars to argue that Microsoft would have been better served by copping to the Windows monopoly and establishing a legal beachhead against the idea that it did anything illegal to gain it or keep it. Arguing against something so self-evident via the company's very first witness strained credibility and started the case off on a bad footing.It's easy to imagine a similar issue applying to Google, which has more than 84% of the web-search market and controls 82% of mobile-phone operating systems. In the app-store business, Google and iPhone maker Apple together control more than 95% of all U.S. mobile app spending by consumers, according to Sensor Tower data. Apple CEO Tim Cook earlier this month told CBS that his company doesn’t have a dominant position in any market. But regulators may look at the power it wields through its app store. It could be more effective for these companies not to start by denying that leadership position -- if you have 80% or 90% percent of a market, arguing that you don't really dominate isn't the hill you want your legal reasoning to die on. Don’t resort to spin. Microsoft's credibility with the press was no higher, hurt by constant counterfactual statements and spin. Each day, after a bruising in court as government lawyer David Boies poked holes in executive testimony and Judge Thomas Penfield Jackson alternated between chuckling at the witnesses and chastising them, Microsoft deployed a hapless PR person to the steps of the courthouse to recite the words, "Today was another good day for Microsoft." It never was.  Assume everything will be made public.Among the list of horrifying moments for Microsoft in court was the public showing of parts of the 20 hours of depositions of co-founder and Chief Executive Officer Bill Gates. The tapes (yes, they were tapes -- this was the 90s) showed an ill-lit, evasive and combative Gates engaging in Clintonian word-wrangling, such as asking about the definition of the word "definition" and arguing what "market share" meant. Microsoft claimed it had been assured the tapes would never be shown in court, or the company would have taken greater care with Gates’s appearance and manner. During their playback in court, the judge laughed at several points -- not the impression the software giant wanted to make on either Jackson or the public. Jackson told New Yorker reporter Ken Auletta that Gates came off as "arrogant" in the depositions.Just as bad for Microsoft, an array of internal emails were read aloud in court that contradicted the testimony of its executives, which further angered Jackson. The takeaway? Assume everything will be aired in the court of public opinion. If it was true 20 years ago, it’s even more apparent in the current era of oversharing, thanks to the tech companies’ own services. Don't be condescending about the technology. Most lawyers, judges and regulators don't appreciate being told or having it implied that they lack the ability to apprehend certain tech concepts. Or that the reason they think there's been an antitrust violation is because they just don't "get" the technology. It was true that Jackson and Boies seldom used a computer at the time. But it didn't require a computer science doctorate to divine the legal merits of the case.  At the height of Microsoft's hubris (or carelessness, or both), the company sent Windows chief Jim Allchin to the stand with a doctored video that purported to show how computing performance would be degraded when the browser was removed from Windows on a single PC. It was actually done on several different computers and was an illustration of what might happen rather than a factual test, as the company initially claimed -- a fact that came to light only after several days of the government picking through every inconsistency in the video. Microsoft remade the simulation several times in an effort to save the testimony. The company seemed to think it could get away with baldy stating a technological claim and mocking up something that backed it up, perhaps reasoning that no one would know the difference, but it miscalculated badly (Joe Nocera, now a Bloomberg columnist but then writing for Fortune, recounts the whole cringeworthy story).Choose your lawyers wisely.Microsoft took on the U.S. government led by a combative Gates and an equally aggressive general counsel, Bill Neukom. Gates, the son of an attorney, was outraged, frustrated and convinced the company was being unfairly targeted. One of the company’s outside lawyers, from the firm Sullivan & Cromwell, said the company could put a ham sandwich into Windows if it wanted to. And throughout, Neukom not only failed to tamp down his executives’ worst impulses, he seemed to amp them up. His legal style led observers to point out that his last name -- pronounced `nuke 'em’ -- was quite fitting.The U.S. government’s latest antitrust targets should take heed: If your top executive's style tends towards waving a red flag in front of a bull, you may be wise to consider a top lawyer with a more conciliatory style. Google’s top executives have already raised the ire of lawmakers for refusing to appear before Congress, and no one has ever accused Jeff Bezos of being afraid of a fight. At Facebook, where Zuckerberg regards Gates as a mentor and observers see similarities in their styles and temperaments, this lesson might be particularly important.There are many different ways to lose.Right now, the companies are only at risk of an inquiry -- the agencies are deciding what, if any, action to take. But even at this stage, they should keep in mind that a loss doesn’t only mean a full-scale breakup or forced divestiture. Companies can avoid that extreme fate and still find, as Microsoft did, that the years of distraction from the fight have hampered their business and sucked up executive time and mental energy.In an interview last year at the Code Conference, Microsoft President and Chief Legal Officer Brad Smith lamented the distraction the case caused, and cited it as a reason the company missed out on the search market -- the business that fueled the runaway success of Google, now under the microscope itself. Others have pinned Microsoft’s abysmal performance in mobile computing partially on constraints and distractions from the case. Some of the company’s business missteps can fairly be attributed to poor execution and strategic errors that had nothing to do with the government dispute. Still, the notion that merely fighting an antitrust battle may do almost as much harm as losing one brings us to our last point.Consider settling early.  It's hard to say with certainty what the late 1990s and early 2000s might have looked like for Microsoft had it found a way to settle with the government earlier than 2002. Still, for the government’s current targets, it's worth weighing a settlement against the impact of several years of investigation, a possible loss in court and potentially harsher restrictions or remedies. Amazon, Apple, Facebook and Google probably have a pretty good idea of what regulators may object to, and it’s worthwhile for them to consider ways to assuage those concerns while keeping the core of their businesses and future ambitions intact. The alternative is years of investigations, possibly damaging evidence and testimony, and ample distraction, all leading up to what could be a devastating loss in court. (Updates with earlier comments from Tim Cook. A previous version of this story corrected the attribution of an anecdote about a ham sandwich.)To contact the author of this story: Dina Bass in Seattle at dbass2@bloomberg.netTo contact the editor responsible for this story: Jillian Ward at jward56@bloomberg.net, Mark MilianFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Arlington's lead Amazon negotiator picked as Pr. William's new economic development chief
    American City Business Journals14 hours ago

    Arlington's lead Amazon negotiator picked as Pr. William's new economic development chief

    Christina Winn, one of the lead Arlington officials tasked with luring Amazon (NASDAQ: AMZN) to the county, is taking over as Prince William County’s top economic development official. Prince William’s Board of County Supervisors announced Tuesday that they’d be tabbing Winn as the county’s new economic development director, stepping in for Jeff Kaczmarek. Winn currently serves as business investment director for Arlington Economic Development, where she’s worked since 2014, leading business recruitment and retention efforts.

  • Amazon Just Added 15 More Planes to Amazon Air
    Market Realist14 hours ago

    Amazon Just Added 15 More Planes to Amazon Air

    Just days after FedEx announced it will no longer offer air cargo services to Amazon (AMZN), the e-commerce giant announced yesterday that it is expanding its own fleet of airplanes.

  • Will a Rate Cut Today Mean a Crash in the S&P 500?
    Market Realist15 hours ago

    Will a Rate Cut Today Mean a Crash in the S&P 500?

    As the FOMC meeting progresses, markets seem cautious. After rising 0.97% yesterday on easing trade tensions and a growing tribe of rate cut hopefuls, the S&P 500 is trading on the sidelines today. Here's what a cut today could mean for these stocks.

  • Fintech Companies To Buy And Watch Amid Rise Of Digital Payments
    Investor's Business Daily15 hours ago

    Fintech Companies To Buy And Watch Amid Rise Of Digital Payments

    There are many emerging fintech companies in which to invest. Digital payment technology is changing the competitive landscape in fields like e-commerce, payment networks and banking.