Tag AMZN

(Bloomberg) -- Amazon.com Inc. plans to launch an online storefront for low-priced apparel and home goods, the company’s biggest move to date to counter the rise of discount upstarts like Temu and Shein. Most Read from BloombergYouTuber Dr Disrespect Was Allegedly Kicked Off Twitch for Messaging MinorSupreme Court Poised to Allow Emergency Abortions in IdahoVolkswagen Invests $5 Billion in EV Startup Rivian to Form Joint VentureFedEx Stokes Investors With Hint of a Freight DealNvidia Rout Takes...

Piper Sandler has raised its price target on Uber (UBER) from $86 to $88, calling the rideshare company a "sleeping giant" in its latest note. Piper Sandler Senior Research Analyst Tom Champion joins Catalysts to give insight to his call and why he is bullish on Uber. Champion claims that his excitement for Uber comes from its potential to grow in using advertising to target users like Amazon (AMZN) has done previously: "I think the way to frame this is we've seen, over the last 6 or 8 years, Amazon build this gigantic advertising juggernaut. And a lot of this is done through sponsored listings. The ability of Amazon merchants to advertise and promote their goods. And we believe that in all transaction platforms, there exists this promotional advertising opportunity in the gig economy space... with Uber's scale, which really kind of dwarfs the rest of the space, the future looks very interesting." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino...

Analyst with Bank of America believe Amazon has "runway ahead" to further improve the efficiency of its retail operations...

Amazon is generating so much cash, it's not even funny. But where is the company investing it?...

July's retail landscape promises to be highly competitive, with Target (TGT), Walmart (WMT) and Amazon (AMZN) each deploying strategic initiatives to capture consumer dollars...