Amazon (NASDAQ: AMZN) is getting more out of its Prime Video content budget than its biggest competitors. The company has been breaking out its video and music content expense in its quarterly reports since 2019. CFO Brian Olsavsky pointed out that spending on Prime Video alone totaled just $7 billion for the year during Amazon's fourth-quarter earnings call...
Continue ReadingEtsy (NASDAQ: ETSY) hit a speed bump in its latest reporting period. For the full year, Etsy's revenue rose 10% to $2.57 billion, decelerating from its 35% growth in 2021, and it posted a net loss of $694 million -- compared to a net profit of $494 million a year ago. What happened to Etsy over the past year?...
Continue ReadingHedge-fund founder David Einhorn is betting on U.S. stocks to keep falling as inflation proves more stubborn than many on Wall Street expect...
Continue ReadingThe U.S. equity market has been battling with rising inflation and interest rate hikes for the past year. The minutes from the Federal Open Market Committee's February meeting seem to reassert these fears since all the members are in favor of pushing up interest rates. Historically, stock market corrections have been mostly followed by strong bull rallies, though such rallies may be out a few months, or even years...
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Continue ReadingThe crypto market has had a surprising start to 2023, with almost all coins in the green for the first two months of the year. Bitcoin (CRYPTO: BTC), for example, is up 41% for the year, but at a price of $23,432, it's still significantly below its all-time high of $68,789.63. If cryptos such as Bitcoin are going to recover to previous highs, a number of things need to happen this year...
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Continue ReadingShopify has released numerous solutions for its merchants in the past year, but is it enough for investors?...
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