First Republic recovers from record low on new rescue plan. Judge allows suits over JPMorgan, Deutsche Bank ties with Epstein to proceed. Ferrari discloses cybersecurity incident...
Continue ReadingAmazon started a massive capex cycle during the pandemic, which seems to start normalizing. See why I have a strong buy rating for AMZN stock...
Continue ReadingAmazon.com said it would cut 9,000 more corporate jobs across units that include its profitable cloud-computing and advertising businesses, a sign that the company’s cost-cutting is extending into all aspects of its operations as technology giants continue to slash spending. Chief Executive Andy Jassy said in a statement that the company added a significant number of employees in recent years, a step he defended as necessary given what was happening in Amazon’s business at the time. “Given the uncertain economy in which we reside, and the uncertainty that exists in the near future, we have chosen to be more streamlined in our costs and head count,” Mr. Jassy said, noting that the layoffs come after Amazon completed its annual planning process...
Continue ReadingIn this video, I will explain why Amazon (NASDAQ: AMZN), Microsoft (NASDAQ: MSFT), and Shopify (NYSE: SHOP) all fell on Monday while the broader market was green. *Stock prices used were from the trading day of March 20, 2023...
Continue ReadingAmazon will lay off 9,000 white-collar employees by the end of April, CEO Andy Jassy announced on Monday (March 20), on top of the 18,000 jobs the online retailers has cut since November...
Continue ReadingAmazon (AMZN) closed at $97.71 in the latest trading session, marking a -1.25% move from the prior day...
Continue ReadingYahoo Finance's Seana Smith and Dave Briggs break down the three biggest stories investors were watching on Monday...
Continue ReadingAs Meta Platforms faces continued tech sector layoffs alongside Amazon, Google and others, META stock flirts with a fresh buy zone...
Continue ReadingAndy Jassy's tenure as Amazon CEO has been rocky and isn't getting any easier after the company's latest round of job cuts...
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