AMZN -, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
+1.51 (+0.09%)
As of 1:41PM EST. Market open.
Stock chart is not supported by your current browser
Previous Close1,739.49
Bid1,742.00 x 1100
Ask1,742.52 x 800
Day's Range1,722.71 - 1,749.38
52 Week Range1,307.00 - 2,035.80
Avg. Volume2,941,343
Market Cap863.183B
Beta (3Y Monthly)1.57
PE Ratio (TTM)77.14
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Google Stadia review: The game streaming service works — but it’s missing key features
    Yahoo Finance

    Google Stadia review: The game streaming service works — but it’s missing key features

    Google's Stadia game streaming service works incredibly well, but it's a work in progress.

  • First big hire at Virginia Tech innovation campus to look beyond traditional student pools
    American City Business Journals

    First big hire at Virginia Tech innovation campus to look beyond traditional student pools

    Sara Hooshangi has a big task ahead of her: As the soon-to-be program director for the master of engineering degree in computer science at Virginia Tech's $1 billion innovation campus, she will help build one of the most consequential tech workforce-education efforts in Greater Washington. Essentially, this program encouraged those in science fields or other nontraditional students — those working full-time jobs or with family obligations — to complete their tech degrees. "In my program, we worked with community college students," said Hooshangi, who obtained her bachelor's and doctorate degrees in electrical engineering, from McGill University and Princeton University respectively.

  • ‘Performance chasing’ and Trump’s impeachment process could push the Dow to 30,000

    ‘Performance chasing’ and Trump’s impeachment process could push the Dow to 30,000

    There are two potential catalysts for the stock market: Money managers don’t want to get left behind, and Trump wants record-high prices.

  • Target earnings preview: Nike could partner with Target now that it has ended sales on Amazon

    Target earnings preview: Nike could partner with Target now that it has ended sales on Amazon

    Target is expected to report gains in the third quarter and analysts have a positive outlook for the holiday season.

  • Reuters

    UPDATE 1-Jumia suspends its e-commerce business in Cameroon

    Online retailer Jumia Technologies , often called "the Amazon of Africa", said it had suspended its e-commerce platform activities in Cameroon on Monday because it was not suitable for the country. "Based on our review, we came to the conclusion that our transactional portal as it is run today is not suitable to the current context in Cameroon," the company said in a statement, adding that its e-commerce operations there had been suspended. Founded in 2012 by two French former McKinsey consultants, Jumia has grown quickly to become Africa’s leading e-commerce firm, operating in more than a dozen countries across Africa.

  • Reuters

    UPDATE 1-Czech government approves digital tax aimed at internet giants

    The Czech government approved a 7% digital tax proposal on Monday aimed at boosting state coffers by taxing advertising by global internet giants like Google and Facebook, the Finance Ministry said. The proposed tax, which still must make it past lawmakers in parliament, covers revenue gained from targeted advertising, providing digital market places, and user data sales. The Finance Ministry said it estimated the tax, which it said would be temporary until a global deal could be reached, will raise 2.1 billion crowns next year if it takes effect for June, and about 5 billion annually in following years.

  • Amazon confirms big DeSoto project, and hundreds of jobs to go with it
    American City Business Journals

    Amazon confirms big DeSoto project, and hundreds of jobs to go with it

    Amazon confirmed Monday it is working with Hillwood Investment Properties on a new DeSoto County fulfillment center. In October, the Memphis Business Journal reported that construction documents for a new warehouse in Hillwood Investment Properties' Legacy Park had the same architect, structural engineer, fire protection engineer, and electrical engineer as the Amazon facility being planned on 99 acres in Raleigh. Amazon — the fifth-most-valuable company in America, according to Fortune — has been expanding its Mid-South presence at a blistering pace during the past two years: The company has announced its use of huge facilities at 3292 E. Holmes Road, 5155 Citation Drive, and 3347 Pearson Road — all in Memphis — and a 554,000-square-foot building on the northeast side of Hwy. 72 in Marshall County, Mississippi.

  • Forbes named Kylie Jenner the youngest self-made billionaire ever — and the ‘self-made’ part has people talking

    Forbes named Kylie Jenner the youngest self-made billionaire ever — and the ‘self-made’ part has people talking

    Meet the world’s youngest selfie-made billionaire. Reality star and cosmetics queen Kylie Jenner, now 22, is probably the most recognizable (and controversial) newcomer in the Forbes magazine world billionaires issue revealed in March, when she was still 21. The social-media star’s fortune officially hit $1 billion earlier this year, several months after Forbes put her on the cover of its “richest self-made women” issue.

  • Amazon Brings Third-Party Data Access to AWS Marketplace

    Amazon Brings Third-Party Data Access to AWS Marketplace

    Amazon (AMZN) to gain traction among customers and qualified data providers with its latest service, AWS Data Exchange.

  • MarketWatch

    Amazon to create 500 new jobs in Mississippi as it builds a 2nd fulfillment center in the state Inc. said Monday it will create 500 new full-time jobs in Mississippi as it builds a new fulfillment center in DeSoto County, which is just south of Memphis. The pay for the new jobs will start at $15 an hour. The new fulfillment center, which will be the second in Mississippi, will be more than 1 million square feet, and will pick, pack and ship large items, including sports equipment, patio furniture pet food, bicycles and larger household goods. Amazon's stock, which slipped 0.2% in premarket trading, has lost 3.0% in premarket trading, while the Dow Jones Industrial Average has gained 8.2%.

  • SoftBank to Merge Yahoo Japan and Line Messenger for AI Edge

    SoftBank to Merge Yahoo Japan and Line Messenger for AI Edge

    The transaction, subject to mandatory closing conditions and shareholder approvals, will help both Softbank (SFTBY) and Line to pool their resources for gaining a strong foothold in the AI domain.

  • Benzinga

    Walmart Marks A Five-Year Streak Of Quarterly Sales Gains And Turns To A Robotic Future

    Walmart Inc (NYSE: WMT), US' largest retailer and private employer has once again confirmed it is a grocery powerhouse as it issued its latest quarter earnings on Thursday. The reported profit beat expectations and the company raised its earnings guidance for the year. Due to a strong groceries segment, e-sales surged 41% as grocery sales account for as much as 56% of Walmart's total revenue, making it US' largest grocer.

  • U.S. Retail Sales Bounce Back in October: Winners & Losers

    U.S. Retail Sales Bounce Back in October: Winners & Losers

    Retail sales rebounded in October, but there are several weak spots that hint at cooling down in consumer spending.

  • Amazon Opens Office in Las Vegas, 125 New Jobs in Focus

    Amazon Opens Office in Las Vegas, 125 New Jobs in Focus

    Amazon (AMZN) is expanding in Las Vegas. It opens a new office therein to create multiple job opportunities in the city.

  • Bloomberg

    Inflation Inequality Creates Winners and Losers

    (Bloomberg Opinion) -- Do the poor suffer more from inflation than the rich? Recent reports to the contrary, the numbers are not complete enough to answer that question in a simple way. What’s clear is that diverging rates of price inflation are creating distinct winners and losers.Because the U.S. tech sector has advanced so much while many other parts of the economy have been relatively sluggish, the benefits from progress are now quite concentrated, though not in a way directly related to income. Rather, they accrue to people with a taste for a particular kind of novelty.Consider people who love to consume information, or, as I have labeled them, infovores. They can stay at home every night and read Wikipedia, scan Twitter, click on links, browse through Amazon reviews and search YouTube — all for free. Thirty years ago there was nothing comparable.Of course, most people don’t have those tastes. But for the minority who do, it is a new paradise of plenty. These infovores — a group that includes some academics, a lot of internet nerds and many journalists — have experienced radical deflation.Another set of major beneficiaries is people who enjoy writing for fun (as distinct from professional writers). They can write to their friends or groups of friends on WhatsApp and Facebook, all day long, also for free. You might also put “people who love to argue” in this same lucky category, though whether that translates into lasting enjoyment is a question that we could … argue about.Lovers of variety are another big winner. You can use eBay to find that obscure collectible, or browse Amazon’s vast inventory, or watch a lot of different TV programs, ranging from Spanish-language news to curling to cooking shows. In short, it is a wonderful time for those who love to browse and sample. Maybe you discover a favorite category or genre and form a deep aesthetic commitment, or maybe you just want to keep on surfing. Either way, the opportunities are unprecedented.As a side note, I belong to all of those groups: I am an infovore, I write for fun (and for other reasons) and love variety. So I have been a big winner from the last 20 years, in a disproportionate and unrepresentative way — quite apart from any changes to my income.So who might be worse off in this new American world?People who like to spend time with their friends across town are one set of losers. Traffic congestion is much worse, and so driving in Los Angeles or Washington has never been such a big burden. In-person socializing is therefore more costly. On the other hand, the chance that you have remained in touch with your very distant friends is higher, due to email and social media. Those who enjoy less frequent (but perhaps more intense?) visits are on the whole better off for that reason. It is easier than ever to go virtually anywhere in the world and have someone interesting to talk to.Another group of losers — facing super-high inflation rates — are the “cool” people who insist on living in America’s best and most advanced cities. Which might those be? New York, Los Angeles, San Francisco? You can debate that, but they have all grown much more expensive. Many smaller cities, such as Austin, Washington and Boston, are going the same route. Alternatively, if you have more of a taste for isolation or desolation, or a high tolerance for boredom, your pocketbook is not being squeezed so tightly.Medical care is another area that has created big losers and winners. If you suffer from a common malady that simply requires care and attention from the medical establishment, you may well be worse off. The price of medical care is much higher, insurance coverage is by no means guaranteed, and the system has been growing more bureaucratic and arguably more frustrating.If, on the other hand, you have some kind of “frontier” condition, requiring innovative technology or new pharmaceuticals, your chances have never been better.What is the common theme here? It is that those who love or need “the new” are often doing relatively well. Those who value the old standbys — the crosstown friend, the Manhattan brownstone, the uncomplicated visit to the local doctor to have a broken ankle set — are in a more dubious position.As a result, there is an incentive to cultivate a taste for novelty. It’s fun, to be sure, but maybe also a bit confusing and alienating. So when people feel that way, and express it in unexpected ways, perhaps we should not be altogether surprised.To contact the author of this story: Tyler Cowen at tcowen2@bloomberg.netTo contact the editor responsible for this story: Michael Newman at mnewman43@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tyler Cowen is a Bloomberg Opinion columnist. He is a professor of economics at George Mason University and writes for the blog Marginal Revolution. His books include "Big Business: A Love Letter to an American Anti-Hero."For more articles like this, please visit us at©2019 Bloomberg L.P.

  • Market Exclusive

    Market Morning: Chinese Army in Hong Kong, Boeing Walks Back Comments, Kraft Heinz Cheese Problems

    China Edges Into Hong Kong to “Clean Up Streets” The Chinese have invaded Hong Kong. So far it’s just to clean up the streets, but their presence on the island is raising some eyebrows as to what Beijing’s real intentions are in bringing Chinese soldiers in to participate in the situation. The soldiers, part of […]The post Market Morning: Chinese Army in Hong Kong, Boeing Walks Back Comments, Kraft Heinz Cheese Problems appeared first on Market Exclusive.

  • Bloomberg

    For Apple and Disney+, Getting People to Sign Up Isn’t the Hard Part

    (Bloomberg) -- At long last, Walt Disney Co. launched its video-streaming platform, Disney+, last Tuesday. Ten million people signed up in the first 24 hours, a stunning feat considering the deluge of rivals flooding the market. By comparison, it took HBO Now about four years to reach that milestone.The rapid adoption is a testament not just to the power of Disney’s brand but also to a business strategy that stands in stark contrast to this month’s other big streaming debut, Apple Inc.’s TV+. Disney sold a $7-a-month service using a colossal back catalog of content and a single episode of a new buzzy series based on a well-known franchise, Star Wars. Apple was forced to bet big on a slate of expensive—and so far, not widely acclaimed—original movies and TV shows.Disney+ got off to a rocky start with streaming glitches, but the outages ultimately stemmed from a good problem: overwhelming demand. More people streamed Disney+ from a phone or tablet on launch day than watched Inc.’s Prime Video, which had a 13-year head start.The popularity of Disney+ is driven in large part by an explosion of nostalgic offerings. Titles like Pinocchio and Sleeping Beauty were often expensive and hard to find unless you hung onto a VCR. Disney has invested in originals, too, but I found myself glued to the library of classics. I haven’t even gotten around to watching the new Star Wars offshoot, the Mandalorian.Disney Chief Executive Officer Bob Iger has been touting this “rich in brands” approach. “There are 30 seasons of The Simpsons there,” he told Bloomberg Businessweek in a recent interview. The big test will be whether the service can grow its catalog of originals fast enough to keep customers interested after the nostalgic novelty wears off.Apple TV+, on the other hand, feels empty after just a couple weeks. There’s not much opportunity to binge-watch because, well, there’s simply not enough content to binge. The Morning Show, its flagship series starring Jennifer Aniston and Reese Witherspoon, seems to be improving as the first season progresses, but with only one new episode per week, some critics are already questioning whether the $5-a-month price tag is worth it. Every company has faced this question, Amazon and Netflix Inc. included, but they all had plenty of licensed content from other studios to lean on.Apple appears to grasp the need to find ways to keep subscribers paying: Bloomberg reported last week that the company is exploring a mega subscription bundle of music, news and TV for as soon as next year. Such a bundle may make subscribers less likely to cancel when there’s a drought of new shows as long as they can fill the time with their favorite albums and magazines.But for now, my seven-day trial to Apple TV+ is already up. I received my first email receipt, incidentally, while watching Star Wars: The Force Awakens on Disney+. As the streaming wars play out, the metric that may be most indicative of success won’t be how many people sign up but rather how many cancel.This article also ran in Bloomberg Technology’s Fully Charged newsletter. Sign up here.And here’s what you need to know in global technology newsSpeaking of Star Wars, Elon Musk criticized Boeing for charging NASA $90 million per seat to fly astronauts to the International Space Station, a cost Musk’s SpaceX can purportedly do for 39% less. Here on Earth, a Musk lieutenant was in Las Vegas for development of an underground transportation system.HP rejected Xerox’s offer for a takeover. The board voted unanimously against the proposal, saying the price was too low but that the company is open to exploring a deal.After high-profile investments in WeWork and Uber whiffed, SoftBank raised roughly $2 billion for its next startup mega-fund, a fraction of its $108 billion target. Meanwhile, WeWork faces an SEC inquiry.Google is heading to the U.S. Supreme Court, in a multibillion-dollar copyright clash with Oracle over code used in Android. Hopefully the justices have brushed up on their programming knowledge.To contact the author of this story: Austin Carr in New York at acarr54@bloomberg.netTo contact the editor responsible for this story: Mark Milian at, Anne VanderMeyFor more articles like this, please visit us at©2019 Bloomberg L.P.

  • SoftBank to Create Japan Internet Giant to Battle Global Rivals

    SoftBank to Create Japan Internet Giant to Battle Global Rivals

    (Bloomberg) -- Masayoshi Son, after backing startups around the world, is engineering a complex deal on his home turf to create a national champion that can more effectively compete with global rivals like Google and Inc.Son’s SoftBank Group Corp. plans to combine its Yahoo Japan internet business with Line Corp. in a deal that values the country’s leading messaging service at $11.5 billion. SoftBank and South Korea’s Naver Corp. will take Line private and then fold Line and Yahoo Japan into a new joint venture. The deal requires shareholder approvals and is scheduled to close by October 2020.The two companies said the combination is driven by a sense of crisis that global giants are increasing their grip on the technology industry and countries like Japan risk falling behind. Together, Line and Yahoo Japan, which now operates as Z Holdings Corp., will be able to share engineering resources, access broader sets of data and invest more in areas like artificial intelligence, the chief executive officers said in a Tokyo press conference.“The internet industry often operates on the winner-takes-all principle and the strong only get stronger,” said Line co-CEO Takeshi Idezawa. “Even combined, our market capital, business scale and R&D expenditures are dwarfed by the global tech giants.”At the event, the CEOs gave unusual emphasis to their corporate vulnerabilities and the incumbent risks for Japanese consumers, perhaps in an attempt to preempt government scrutiny of a deal that will combine two of the country’s largest internet companies. The chiefs said they need to join forces to mount a serious challenge to much larger rivals from the U.S. and China.“We want to become an AI tech company that leads the world from Japan,” said Kentaro Kawabe, CEO of Z Holdings. Kawabe wore a bright green tie, Line’s trademark hue, while Idezawa donned one in Yahoo Japan red.Under the proposed transaction, Z Holdings and Naver will buy out Line’s public shareholders in a tender offer at a projected 5,200 yen per share, a 13% premium to Line’s share price before news of the talks. Each company plans to spend 170 billion yen ($1.56 billion) on the bid. Naver already owns 73% of Line, while SoftBank Corp., the domestic telecom arm of Son’s business empire, holds a roughly 44% stake in Z Holdings.The companies have been in talks about a possible alliance since June and settled on the idea of a merger in August, according to the statement. After taking Line private, SoftBank and Naver will undertake a reorganization that will eventually result in a 50-50 ownership of the new company. The combined entity will hold stock in Z Holdings, which will remain public with Yahoo Japan and Line as wholly-owned subsidiaries.SoftBank and Line have increasingly competed in fields such as digital payments, and an alliance may allow them to save money on expenses like subsidies. Both companies have also been investing in artificial intelligence to improve their services. While the announcement didn’t say how the mobile payment rivalry will be resolved, it said the resulting company aims to spend 100 billion yen annually on development of AI-powered products.“Big data is key for the future of both companies,” said Koji Hirai, the head of M&A advisory firm Kachitas Corp. “The merger will enable them to create a massive repository of client data.”Idezawa and Kawabe said there are potential synergies in a number of services areas spanning media content, fintech, advertising, communications and commerce, but didn’t give further details. The combined company will also have about 20,000 employees, a major benefit in an industry where competition for talent intensifies year after year, they said.Steps to the planned merger:Step 1 - Final signing of the deal planned for DecemberStep 2 - Naver and SoftBank to buy out Line’s public shareholders and create a new 50-50 joint ventureStep 3 - SoftBank moves its stake in Z Holdings to the JV, while Z Holdings issues 2.8 billion new shares to the JVStep 4 - Line and Yahoo Japan become fully owned subsidiaries of Z Holdings, which will be owned by the JV. The companies plan to complete the deal by October 2020Silicon Valley giants like Google, Amazon and Facebook Inc. and Chinese startups have taken the lead in both pushing AI development and turning the research into commercial products. That has left most other companies scrambling to attract scarce talent and collect the data necessary to conduct research in fields like deep learning.Line and Yahoo Japan are betting they can leverage local knowledge to stay in the race in their home country and markets where their services are popular, including South Korea, Taiwan, Thailand and Indonesia. Line and Z Holdings shares rose on the deal.Yahoo Japan was once the country’s leading search engine, web portal and major e-commerce player, but has lost ground as users migrated from PCs to smartphones. The company’s online shopping offering has been squeezed by Amazon and Rakuten Inc., while smartphone-native newcomer Mercari Inc. lured customers from its auction service. Yahoo Japan counts some 48 million daily active users across its portfolio of more than 100 mobile phone apps.Line’s origins date back to the turn of the century, when Naver dispatched Shin Jung-ho to Japan to promote its search engine technology. Shin led the company through its first decade in relative obscurity, distributing online games and dabbling in social networking services. In 2010, Line acquired Livedoor Inc., a once high-flying Japanese web portal that had fallen on hard times after its founder was thrown in jail for accounting fraud. It launched Japan’s dominant messaging service in 2011 and went public in 2016.Shin, who shares the CEO title with Takeshi Idezawa at Line, will become the newly created entity’s chief product officer. The post will give him control over the 100 billion yen AI budget and oversight of service development for both Line and Yahoo Japan.Line has 82 million monthly active users in Japan and is also the dominant messenger in Taiwan and Thailand, where it has 21 million and 45 million customers respectively. The company has been expanding into financial services by partnering with Nomura Holdings Inc. and Mizuho Financial Group Inc. It has also been developing a lineup of AI-powered hardware products, including speakers and earphones. Outlays on the new businesses have led to losses in four out of five past quarters.In the Tokyo press conference, the CEOs repeatedly spoke about getting outgunned by GAFA, or Google, Amazon, Facebook and Apple Inc. They said they wouldn’t want see Japan lose out on world-leading services like search and e-commerce, but they want to create a local alternative that can address domestic needs and tastes.“GAFA’s biggest threat is the kind of loyalty they command from their users,” said Kawabe. “We want to give users a domestic AI option. By focusing on Japan’s unique challenges, we can offer services others cannot.”(Updates with the deal strategy from first paragraph.)To contact the reporters on this story: Pavel Alpeyev in Tokyo at;Takahiko Hyuga in Tokyo at thyuga@bloomberg.netTo contact the editor responsible for this story: Peter Elstrom at pelstrom@bloomberg.netFor more articles like this, please visit us at©2019 Bloomberg L.P.

  • Financial Times

    Walmart plays catch-up in Amazon ecommerce battle

    Few retailers are coping better than Walmart with the relentless rise of Amazon. While earnings reports this week are expected to show how mall-based and department store chains are still struggling to adapt to the age of ecommerce, Walmart’s recent financial performance has demonstrated its resilience. in the run-up to the holiday season, and its shares are trading near record highs to value Walmart at $338bn.

  • Bill Gates passes Jeff Bezos for title of world’s richest person

    Bill Gates passes Jeff Bezos for title of world’s richest person

    For the first time in two years, Jeff Bezos is no longer the richest person in the world. Bill Gates is back on top, according to the Bloomberg Billionaires Index, with a fortune of $110 billion as of Friday’s market close. Bezos is just below, at $109 billion.

  • Hedge Funds Open Kimono: 5 Best Healthcare Stocks To Buy
    Insider Monkey

    Hedge Funds Open Kimono: 5 Best Healthcare Stocks To Buy

    We believe one of the best tools for ordinary investors who are on the hunt for new ideas is 13F filings. Once every quarter hedge funds with at least $100 million in total positions in publicly traded US stocks/options are required to open the kimono and disclose the number of shares and the total value of […]

  • Financial Times

    India’s third wave of tech development will produce a titan

    Will India give the world a technology titan like America’s Google, Facebook and Amazon or China’s Baidu, Alibaba and Tencent? With all the smart, entrepreneurial talent available — very often the same talent the rest of the world relies on to imagine and nurture its own tech companies — it is reasonable to ask what is taking us so long. The first wave of technology development in India gained momentum in the 1990s, with companies such as the one I co-founded, Infosys, riding a tide of global outsourcing and consulting.

  • What do “billionaire tears” taste like?

    What do “billionaire tears” taste like?

    The wealthiest Americans are crying about Elizabeth Warren's tax proposals. Her campaign is selling mugs of "billionaire tears."

  • This is what the net worth of the world’s elite would look like if Elizabeth Warren’s tax plan had been in effect since 1982

    This is what the net worth of the world’s elite would look like if Elizabeth Warren’s tax plan had been in effect since 1982

    The world’s uber wealthy would certainly take a significant hit under Elizabeth Warren’s tax plan, but even if her proposal were in place for decades, the fortunes of men like Amazon’s Jeff Bezos and Microsoft founder Bill Gates would still be firmly intact, according to a website founded by two UC Berkeley economists.

  • One year after Amazon’s HQ2 announcement, here’s what happened to house prices in Northern Virginia

    One year after Amazon’s HQ2 announcement, here’s what happened to house prices in Northern Virginia

    It’s official: Northern Virginia has felt the Amazon effect. A year ago, Amazon (AMZN) announced its plans to build a pair of new headquarters as part of its so-called “HQ2” project: One in New York City, and another in Virginia. In Virginia, home prices remain seriously elevated, while in New York prices have fallen since Amazon backed out of its plans for a large campus there.