Brazilian federal agents aboard three helicopters descended on an illegal mining site on Tuesday in the Amazon rainforest. Starlink, a division of Elon Musk’s SpaceX, has almost 4,000 low-orbit satellites lined up across the skies, connecting people in remote corners of the Amazon and providing a crucial advantage to Ukranian forces on the battlefield. The lightweight, high-speed internet system has also proved a new and valuable tool for Brazil’s illegal miners, with reliable service for coordinating logistics, receiving advance warning of law enforcement raids and making payments without flying back to the city...
Continue ReadingA challenging 2022 disadvantaged Amazon, but that doesn't dampen the company's long-term outlook...
Continue ReadingToday, I share the 10 best stocks to buy in March 2023, which I believe have significant upside for long-term investors. I provide a blend of stocks, from hypergrowth stocks to mature growth stocks and dividend stocks...
Continue ReadingAmazon.Com, Inc (NASDAQ: AMZN) is preparing to launch its first two prototype satellites by early 2023 and provide internet-from-space service to the earliest Project Kuiper customers by 2024 end. Amazon's FCC license requires it to deploy and operate at least half of our satellite constellation by July 2026. On Tuesday, Dave Limp, Amazon's senior vice president of devices and services, revealed the timeline at a satellite industry trade show in Washington, DC. He also showcased various prototyp...
Continue ReadingMeanwhile, Amazon could be a great source for affordable pet care products. You may have a go-to list of pet food items and other products you buy regularly. You could always plug those products into an Amazon search and see what comes up...
Continue Reading“With less hiring, I’ve made the difficult decision to further reduce the size of our recruiting team,” Meta Chief Executive Mark Zuckerberg wrote in a blog post on March 14. Zuckerberg added: “Overall, we expect to reduce our team size by around 10,000 people and to close around 5,000 additional open roles that we haven’t yet hired.” In November, Meta announced that itwould cut 11,000 employees, or about 13% of its workforce, in the first layoffs in the company’s 18-year history...
Continue ReadingShares of Amazon.com (NASDAQ: AMZN) rose on Tuesday after the online retail and cloud computing giant unveiled its new satellite internet technology. As of 2:05 p.m. ET, Amazon's stock price was up 1.4% after rising nearly 3% earlier in the day. Amazon is gearing up to challenge SpaceX's Starlink for satellite internet supremacy...
Continue ReadingThe sudden failure of Silicon Valley Bank not only hit the banking sector but also rattled the tech industry. The now collapsed bank was well known for providing services to venture capital-backed tech companies, driving productivity large and wide in the industry. “Who do these companies spend money on? And who was Silicon Valley Bank and Signature Bank were very intertwined with the movement of that money- where did it go? It went to web hosting. It went to online ads at Facebook (META), and Google (GOOGL), and Apple (AAPL), and Amazon (AMZN). It went to Amazon web services. It went to Microsoft (MSFT) and the other software vendors,” says Bill Smead, Smead Capital Management CIO. With Silicon Valley Bank now wiped off the board, it throws another pain point to an already challenging environment for tech start-ups. “We're shutting down this huge ecosystem of startups and IPOs, etc., and they're treating [big tech] companies like there's not going to be any fallout at their end,“ says SmeadYahoo! Finance's Julie Hyman and Jared Blikre speak with Bill Smead in a full interview here. Key video moments:0:00:11 - Startup tech companies money spend 0:01:04- SVB fallout for tech...
Continue ReadingShares of Amazon.com Inc. advanced 2.65% to $94.88 Tuesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500.....
Continue ReadingMeta Platforms is facing significant structural challenges that require decisive action. Click here to see our take on META stock...
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