Tag AMZN

An analyst pushes the bull case for both companies, but investors react in different ways to his evaluation...

Third Point liquidated its position in Walt Disney Co during the first quarter, two years after the hedge fund first invested and began urging the media company to spend more aggressively on its streaming platform, and slashed its stake in Amazon.com Inc. The New York-based investment firm sold 2 million shares of Disney, according to a regulatory filing on Monday. Third Point said last year that the Disney investment was paying off but urged management to take an "all-you-can eat approach to its direct-to-consumer offering."...

The Amazon founder and world's second-richest man has been tweeting about economics recently. He says don't blame inflation on unions or corporate tax rates, either...

Starbucks (SBUX) is one of the latest companies to offer reimbursement to their employees for travel costs when they seek reproductive care in other states, including abortion. Several other major companies, including Citigroup, Yelp, Lyft, Levi’s, and Amazon, have also announced that they would cover travel expenses for workers with limited access to safe abortion procedures in their home states...

Yahoo Finance's Rick Newman examines Amazon CEO Jeff Bezos' criticism of the Biden administration's plan to raise corporate tax rates to combat inflation and how lawmakers are voting on these proposed tax plans...

Amazon.com Inc. (Nasdaq: AMZN) is hiring 500 people in Atlanta, making it the latest technology giant to confirm a major Atlanta expansion. Amazon is also bolstering its local Amazon Web Services (AWS) and Amazon Music divisions. Charlotte Barge, head of engineering for Amp, called Atlanta “the epicenter of the modern music scene and home to many of the world’s greatest musicians” in a statement...

Amazon founder escalates war of words after White House says he opposes ‘economic agenda for the middle class’...

The White House and Amazon.com Inc founder Jeff Bezos squared off on Monday over the Biden administration's handling of U.S. inflation and its plans to tax the rich. Starting over the weekend, Bezos has been slamming President Joe Biden, accusing him of misleading the public on inflation by arguing that hiking taxes on corporations and the rich would lower consumer costs...

After a stunning recovery late last week, Rivian Automotive (NASDAQ: RIVN) stock opened Monday on a somber note and was down 4.4% as of noon today. Multiple analysts have slashed their price targets on the electric vehicle (EV) stock in the past few days, and Rivian, which started delivering its flagship R1T pickup trucks only recently, is also recalling nearly 500 trucks for faulty airbags. One of the biggest reasons why Rivian shares crashed early last week was a stake sale by one of its early investors, the auto giant Ford (NYSE: F)...