Commodity Channel Index
|Bid||120.91 x 1400|
|Ask||0.00 x 1100|
|Day's Range||119.17 - 122.03|
|52 Week Range||81.43 - 146.57|
|Beta (5Y Monthly)||1.26|
|PE Ratio (TTM)||287.10|
|Earnings Date||Jul 26, 2023 - Jul 31, 2023|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||134.65|
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ATLANTA, June 01, 2023--Amazon announced today that it has more than doubled the capacity of its Disaster Relief Hub in Atlanta by prepositioning 2.4 million relief items ahead of the 2023 hurricane season, which officially begins today. The items will be distributed in the wake of natural disasters to nonprofits and other aid partners that quickly help communities impacted by hurricanes or other disasters. The Disaster Relief Hub is a dedicated space within Amazon’s global logistics network to
D ozens of Amazon.com Inc delivery drivers in California have signed a first-of-its-kind union contract in the U.S. as fears grow over low wages, tough conditions, and workers' safety put at risk from worsening heatwaves fueled by climate change. The 84 workers in the city of Palmdale, who organized with the Teamsters union, secured pay rises, paid holidays and safety protections in April after gaining recognition from their employer Battle-Tested Strategies (BTS), a delivery firm contracted by Amazon.
Nvidia's blockbuster quarter and valuation questions to consider. If Best Buy needs sales growth to reward shareholders. Plus, Motley Fool analysts Tim Beyers and Meilin Quinn interview DigitalOcean CEO Yancey Spruill about how the cloud service provider differentiates itself from competitors like Microsoft and Amazon.
Fool.com contributor and finance professor Parkev Tatevosian elaborates on how Amazon (NASDAQ: AMZN) and Snowflake (NYSE: SNOW) have prospects that are correlated. *Stock prices used were the afternoon prices of May 29, 2023.
Staff at the security camera maker Ring could watch thousands of videos of people in their bedrooms and bathrooms without owners’ knowledge, a US regulator has claimed.
The retail sector appears to be in trouble. Despite a series of rate hikes from the U.S. Federal Reserve, prices continue to rise. The consumer price index is rising at a 4.9% annual rate, and the core personal consumption expenditure index, the Fed's favored inflation measure, is climbing at 4.7%.
Amazon will be revising its delivery fees for its Amazon Fresh groceries delivery service with effect from 8 June. See the new fees.
Amazon (NASDAQ: AMZN) is no stranger when it comes to tech innovation. In its nearly 30-year history, the company has been a pioneer in everything from cloud computing infrastructure to e-commerce to video streaming to voice-activated technology like Alexa and beyond. With artificial intelligence (AI) moving to the forefront as the next major boom in technology, it shouldn't be a surprise to find Amazon there as well.
Existing competitive advantages and big opportunities driven by AI make this tech giant a smart investment.
Amazon (NASDAQ: AMZN) shares have popped by about 40% since the start of 2023. The tech giant's domination of some of the world's fastest-growing and most lucrative industries, from e-commerce to cloud computing, not to mention its growing footprint in other fast-growing spaces like entertainment, healthcare, groceries, and more, has given it a moat that few other companies have been able to penetrate at scale. It's also important to understand that no company is wholly impervious to the operating environment in which it exists.
Amazon agreed to settle two lawsuits with the Federal Trade Commission on Wednesday for about $30 million, regarding privacy issues with Alexa assistant and Ring doorbell.
Wall Street finished the month of May on a down note, with major market benchmarks giving back a portion of their recent gains. Declines for the Nasdaq Composite (NASDAQINDEX: ^IXIC) and S&P 500 (SNPINDEX: ^GSPC) were slightly worse than the daily drop in the Dow Jones Industrial Average (DJINDICES: ^DJI), but overall, the Nasdaq posted strong gains for the month even as the Dow fell significantly.
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"I think we're all here because it seems like new leadership does not listen to its employees," an Amazon worker said during the protest.
The AI stock tumbled after the company's fiscal year earnings outlook fell shy of Wall Street estimates.
Amazon agreed to pay $30.8 million to settle claims that it improperly retained children’s Alexa voice recordings and allowed Ring employees to surveil customers.
E-commerce giant Amazon has recently made a number of significant changes to its shipping policies. For example, customers who had grown accustomed to using UPS stores to return Amazon packages found out in April they would be charged a fee. The one-dollar charge was implemented when certain orders were returned via UPS when they could have been return to a Whole Foods, Kohl's or Amazon Fresh location.
Some Amazon.com Inc employees staged a walkout on Wednesday in protest of the e-commerce giant's changes to its climate policy, layoffs and a return-to-office mandate. More than 1,900 employees had pledged to protest globally, according to the organizers, an activist group known as Amazon Employees for Climate Justice (AECJ). Amazon said it had not observed actions other than in Seattle.
(Bloomberg) -- A few hundred Amazon.com Inc. employees walked off the job Wednesday to protest the company’s return-to-work policies, impact on the climate and deepest-ever round of layoffs. Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthDebt-Limit Deal Passes the House, Easing US Default ConcernsS&P 500 Almost Wipes Out Its Monthly Advance: Markets WrapElon Musk Again World’s Richest Person as Arnault’s LVMH SinksBillionaire Perot Warns of Real Estate Recession
(Bloomberg) -- Amazon.com Inc. agreed to pay $30.8 million to resolve two cases brought by the Federal Trade Commission Wednesday related to privacy lapses by its smart devices.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthDebt-Limit Deal Passes the House, Easing US Default ConcernsS&P 500 Almost Wipes Out Its Monthly Advance: Markets WrapElon Musk Again World’s Richest Person as Arnault’s LVMH SinksBillionaire Perot Warns of Real Estate Recession as Loans Dry
Last year was a big year for stock splits. The move to split a stock doesn't change a company's market value -- but by offering more shares to current holders, it lowers the price of each individual stock. Two of last year's stock split companies have climbed in the double digits this year.
The company expects artificial intelligence to reduce the number of damaged items moving through fulfillment centers and to speed up deliveries.
Despite Nvidia Corp's (NASDAQ: NVDA) AI moat, companies developing their AI models are migrating towards custom chips to curtail costs and tackle compatibility issues and supply crises. Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Google is on its fourth iteration of its in-house Tensor Processing Unit (TPU). Meta Platforms, Inc's (NASDAQ: META) inaugural custom AI chip, Meta Training Inference Accelerator (MTIA), will likely go live in 2025. Microsoft Corp (NASDAQ: MSFT) has also jumped into the
Back in 2011, Warren Buffett's Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) bought a 5.4% stake in IBM (NYSE: IBM) at an average price of $170 per share. Today, IBM's stock trades at about $130, so if you had followed Buffett's lead and invested $1,000 into IBM at $170 a share in 2011, your investment would only be worth $765 today.
Pinterest announced its new chief financial officer on Tuesday, and Wall Street analysts seem confident in her assignment to the role during a transformative time for the social media platform. Pinterest (ticker: PINS) announced after the close Tuesday that Julia Brau Donnelly will be joining the company as its new chief financial officer. Donnelly joins Pinterest from online furniture retailer Wayfair (W), where she served as vice president and global head of finance and accounting.