Tag AMZN

The Federal Reserve’s Michael Barr seeks higher bank capital requirements, Twitter traffic drops amid Threads competition, and other news to start your day...

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Amazon has become the first US company to challenge the EU’s proposed legislation designed to force Big Tech to police content online, arguing it is being unfairly targeted by the law. The Seattle-based tech giant on Tuesday filed a petition to the general court in Luxembourg to annul its designation as a “very large online platform” under the Digital Services Act, which imposes extra obligations to tackle hate speech and disinformation online. Amazon’s move will be followed closely by the 18 other companies, including Twitter and TikTok, that the EU has said fall within the scope of the law...

Stock nudge higher as inflation signals ease; Amazon 'Prime Day' kicks off with steep consumer discounts; Uber shares edge lower on reports of CFO departure; Meta shares higher as Threads looks to monetization and President Biden repeats 'unwavering' NATO commitment ahead of summit...

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Amazon founder Jeff Bezos was fond of quoting famed value investor Benjamin Graham thusly: “In the short term, the stock market is a voting machine; in the long term, it’s a weighing machine.” Amazon shares are up 51% so far this year, beating big-tech peers Apple Microsoft and Google-parent Alphabet But the stock has also been lagging those three for the last couple of years and—aside from a brief run at the start of the pandemic—wasn’t exactly a standout performer before that either. The stock’s ups and downs reflect the notable slump that Amazon has found itself in—and high hopes that it will soon be coming out of it...

Looking for stock market analysis and research with proves results? Zacks.com offers in-depth financial research with over 30years of proven results...

Looking for stock market analysis and research with proves results? Zacks.com offers in-depth financial research with over 30years of proven results...

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