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Continue ReadingInvestors are looking for signs of life, with Alphabet stock down 40% in 2022. Google Cloud is heralded as a potential future profit driver. Read more here...
Continue ReadingMeal kit maker APRN stock has become a penny stock worth under $100 million, whipsawed on dilution and rumors of a short squeeze...
Continue ReadingCompanies that were growing significantly are now implementing cost-cutting measures - and perhaps the most visible change to investors has been large-scale layoffs and hiring freezes...
Continue ReadingShares of Amazon (NASDAQ: AMZN) surged 12% on Thursday, following an encouraging inflation report and news of more cost cuts designed to bolster the online retail giant's profitability. The Consumer Price Index -- a closely watched measure of inflation -- rose 0.4% in October and 7.7% year over year. The news gave hope to investors that the Federal Reserve would soon be able to dial back its interest rate increases, potentially staving off a recession...
Continue ReadingGap started selling some of its apparel on Amazon com Inc., as the retailer looks to the e-commerce giant to revive sales of its flagship brand. Partnering with Amazon has been a debate for many fashion brands. Amazon also charges fees to sellers on its platform...
Continue ReadingIn a week when its CEO Michelle Gass announced she is leaving to join Levi Strauss & Co., Kohl’s stock is up — but what’s next for the department-store chain? Gass has served as Kohl’s CEO since May 2018. Cowen analyst Oliver Chen says that Kohl’s should look for CEO candidates with branding and merchandising aptitude, particularly around products for women and young people...
Continue ReadingTech editor Dan Howley outlines Amazon's latest cost-cutting guidance, where it may be routing out sources of unprofitability, and looks at recent FTC warnings Twitter has received under Elon Musk's management...
Continue Reading(Bloomberg) -- Amazon.com Inc. shares gained 12% on news that Chief Executive Officer Andy Jassy has embarked on a review of expenses, part of broader efforts to streamline the world’s largest e-commerce company. Most Read from BloombergMusk’s First Email to Twitter Staff Ends Remote WorkSam Bankman-Fried’s $16 Billion Fortune Is Eviscerated in DaysUS Inflation Slows More Than Forecast, Gives Fed Downshift RoomFTX Warns of Bankruptcy Without Rescue for $8 Billion ShortfallStocks Skyrocket in Bes...
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