The Nasdaq 100 (^NDX) hit a record high on Thursday as stocks rebounded, led by notable tech performances like Microsoft (MSFT) and NVIDIA (NVDA). Yahoo Finance Market Reporter Jared Blikre takes a closer look at the stock and sector actions. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Eyek Ntekim...
Continue ReadingApple has resumed selling its Series 9 and Ultra 2 Apple Watches without blood oxygen sensors enabled amid its ongoing patent infringement dispute with medical technology firm Masimo...
Continue ReadingZuckerberg says artificial general intelligence is Meta's goal too in a bid to woo top AI talent...
Continue ReadingLaunched in 2022, Buy with Prime gives retailers, who are not Amazon merchants, fulfillment and delivery services through its logistics network. Amazon said that the unit remains a top priority and would "continue investing significant resources in Buy with Prime." The cut has affected a little over 30 employees at the unit, a source inside Amazon told Reuters...
Continue ReadingSpeaking with Fortune CEO Alan Murray in Davos, Amazon CEO Andy Jassy says companies have to balance AI projects with investment into other tech infrastructure...
Continue ReadingAmazon.com said on Thursday it is laying off fewer than 5% of employees at its Buy with Prime unit. Launched in 2022, Buy with Prime gives retailers, who are not Amazon merchants, fulfillment and delivery services through its logistics network. Amazon said that the unit remains a top priority and would "continue investing significant resources in Buy with Prime."...
Continue ReadingApple (AAPL) stock is seeing its best day since May 2023, following an upgrade by Bank of America from “Neutral” to “Buy," raising the analysts' price target to $225 per share. Bank of America Securities Senior IT Hardware Analyst Wamsi Mohan — the analyst behind Apple's new rating — joins Yahoo Finance Live to discuss how Apple is standing out and the reasoning for the call. Mohan sees catalysts, such as generative AI-powered iPhones, services revenue, and the Vision Pro mixed reality headset, as factors that hold "long-term potential" for Apple. Large-language model applications should create what is “initially a software-driven cycle that then morphs into both a hardware and software-driven cycle," Mohan says on AI. Additionally, Mohan notes that due to the quality of iPhone data, generative AI would be well suited to “provide really valuable, targeted advice” to users that would increase productivity and efficiency for the user. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Eyek Ntekim...
Continue ReadingDow Jones futures were little changed after hours, along with S&P 500 futures and Nasdaq futures. Super Micro Computer jumped overnight on strong preliminary results. The stock market rally rose Thursday, shrugging off rising Treasury yields and fresh Fed comments signaling slower rate cuts...
Continue Reading(Bloomberg) -- Amazon.com Inc.’s operations chief is moving to the company’s cloud unit, making way for a career logistics veteran. Most Read from BloombergBlinken’s Return From Davos Was Delayed After Plane Broke DownPakistan’s Army Strikes Back at Iran as Both Sides Urge CalmApple to Sell Watches Without Oxygen Feature After Legal SetbackAirstrikes on Yemen Bring New Level of Chaos to Shipping in the Southern Red SeaNasdaq 100 Hits Record High in Tech-Fueled Rebound: Markets WrapJohn Felton, w...
Continue ReadingAmazon.com logistics executive John Felton is taking over as chief financial officer of the company’s cloud division, Amazon Web Services, according to people familiar with the matter...
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