Tag AMZN

In recent years, Amazon.com Inc has spent billions of dollars on new warehouses that cut into profits, explaining to investors that it had no choice but to meet ever-rising consumer demand...

The Nasdaq led Wall Street's main indexes lower on Friday as disappointing quarterly report from Amazon pressured growth stocks, pushing the tech-heavy index toward its worst month since 2008...

Amazon has been trading sideways to lower for nearly two years. Is AMZN stock worth investing in now before the 20-for-1 stock split?...

Wayfair and other e-commerce stocks were tumbling Friday, dragged down by Amazon’s weaker-than-expected first-quarter results, which signaled a slowdown in the tech giant’s online store business. Amazon (ticker: AMZN ) online store sales fell 3% year over year to $51.1 billion, below W all Street’s consensus of $51.9 billion. Amazon stock was plunging 10% to $2,601.96 in premarket trading on Friday...

Rivian Automotive (NASDAQ: RIVN) stock is losing ground again in this week's trading. The company's share price was down roughly 4.3% from last week's close ahead of Friday's market open, according to data from S&P Global Market Intelligence. As with many other growth stocks, Rivian's valuation has recently been hit hard due to a combination of macroeconomic and geopolitical pressures...

Amazon's Prime Video launched a movie rental service in India on Thursday, promising to release more than forty original series and movies over the next two years in a key market. The world’s second-most populous nation with a population of nearly 1.4 billion, India is a valuable market for Amazon and its rivals Netflix and Walt Disney Co’s Disney+ Hotstar. "We are super excited about the launch," Gaurav Gandhi, head of Amazon Prime Video India said at a function, adding that the service would widen customers' reach and choice...

After weak earnings and a disappointing outlook, the performance in Amazon's cloud computing business remains a bright spot...

Beauty products from Victoria's Secret & Co. , including the namesake brand and the Pink brand, began selling on the Amazon.com Inc. site on Friday. Customers can shop the more than 120 items. "Through customer feedback and research, we've heard consumers want to purchase VS Beauty in Amazon's store and already search for the product on the site," said Greg Unis, chief executive of beauty at VS&Co. Victoria's Secret stock fell 2.6% in Friday premarket trading and has dropped nearly 11% for the y...

The S&P 500 and Dow Industrials both posted a second straight "up" day (three out of four), while after Thursday's close the S&P 500, Dow Industrials and Nasdaq Composite were all "green" for the week. Can the indexes hold onto these weekly gains, even if Amazon and Apple both sold off overnight in response to their quarterly earnings reports? The BEA posted the first of three estimates for US economic growth on Thursday...

A dollar pullback from 20-year highs and Chinese authorities' pledge to support economic growth offered respite to battered equity markets on Friday, though Wall Street remained poised to open lower after lacklustre earnings from retail giant Amazon. World stocks remain on course for their worst month since March 2020 with a 5.8% loss, and while Asian and European stocks clawed their way higher, Nasdaq futures were down 1% by 1020 GMT and S&P 500 futures fell 0.7%. Frankfurt-listed shares in Amazon fell 8% after it became the latest U.S. corporate giant to blame rising costs for pressuring earnings...