(Bloomberg) -- Federal safety officials are investigating Amazon.com Inc. over allegedly retaliating against employees who raised safety concerns after a fire at the company’s unionized New York City warehouse.Most Read from BloombergPutin Calls Russian Nukes Deterrent Factor, Says War Risk RisingWNBA Star Griner Freed in One-for-One Swap for Arms DealerPeru’s President Accused of Coup After Move to Dissolve CongressElon Musk’s Bankers Consider Tesla Margin Loans to Cut Risky Twitter DebtThe Fed...
Continue ReadingMany Shopify (NYSE: SHOP) investors spent Thursday's trading session weighing two very different new analyst reports on the company. As a result its share price see-sawed quite a bit during the day, at one point dropping 5% below Wednesday's close before recovering to a slight 0.4% gain. The day didn't begin auspiciously for Shopify analyses...
Continue ReadingThe Pentagon announced the issuance of several contracts worth up to $9 billion for a cloud-computing project called the Joint Warfighting Cloud Capability. The news comes a little over a month after Amazon’s cloud business, AWS, reported revenue growth of 27% for the third quarter—the slowest increase since 2014 and well below the 32% Wall Street had penciled in. Amazon’s stock is down 47%, to $90, this year, versus a 30% drop in the Nasdaq Composite...
Continue ReadingA U.S. appeals court on Thursday declined to revive claims that Amazon.com Inc fired New York warehouse worker Christian Smalls, a pivotal figure in a campaign to unionize the company's workforce, because he is Black...
Continue ReadingLone Pine Capitalâs 13F portfolio value remained almost steady at $10.61B this quarter. Click here to read the Q3 2022 update on the portfolio's positions...
Continue ReadingThe holiday season is a busy time for online shoppers, but it's even busier for delivery drivers. Amazon is making it easy for customers to thank the people who deliver their packages. You can send a thank you in the form of a $5 tip -- and it costs you nothing extra to do...
Continue ReadingIt's not uncommon to receive advice about cord-cutting if you need to save a little extra money in your budget. Increasingly, more people are being advised to cancel one of their streaming services.....
Continue ReadingAmazon has launched a feature in its app that offers shoppers a TikTok-style feed of customized videos and photos, the Wall Street Journal reports...
Continue ReadingL1 Capital International, an investment management company, released its “L1 Capital International Fund” third-quarter 2022 investor letter. A copy of the same can be downloaded here. The fund returned -0.4% net of fees in the third quarter compared to a 0.3% return for the MSCI World Net Total Return Index in AUD. The depreciation of Australian […]...
Continue ReadingCiti analyst Ronald Josey reiterated a Buy rating on Amazon.com Inc (NASDAQ: AMZN) with a $145 price target. The U.S. DoD awarded its $9 billion Joint Warfighting Cloud Capability (JWCC) contract to AWS, Microsoft Corp (NASDAQ: MSFT), Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Google, and Oracle Corp (NYSE: ORCL). The JWCC replaced the initial $10 billion JEDI contract that Microsoft won in October 2019, and the DoD subsequently canceled in July 2021. Also Read: War Winners: Why The Defense Con...
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