No doubt 2023 was a big year for major streamers. Read why investors need to make sure they donât overlook players like Amazon and Apple that have their core businesses elsewhere...
Continue ReadingThe Magnificent Seven had an extraordinary year in 2023—one that will be very difficult to repeat. Alphabet Amazon.com Apple Meta Platforms Microsoft Nvidia and Tesla certainly earned the moniker last year. The Magnificent Seven doesn’t make much sense from a portfolio perspective either...
Continue ReadingThe list of S&P 500 companies with the greatest gains in share price includes some unexpected names...
Continue ReadingAmazon-owned online audiobook and podcast service Audible is laying off about 5% of its workforce, marking the third round of job cuts at the e-commerce giant's businesses this week as the technology industry continues to shed roles in the new year. In a memo sent to employees Thursday, Audible CEO Bob Carrigan said the company is in good shape, but faces an "increasingly challenging landscape.” “We did not take this route without considerable thought,” Carrigan said...
Continue ReadingAmazon stock gained more than 80% in 2023 after losing 49% in 2022, helped by AI investments and improved profits for its retail business...
Continue ReadingOakmark Global Fund generated a 7.56% return in the fourth quarter, compared to a 11.42% return for the MSCI World Index...
Continue ReadingTV software platforms have become increasingly important as companies look to gain advertising and e-commerce revenue from viewers amid the shift to streaming video. Amazon and Roku also produce their own branded TV sets...
Continue ReadingAmazon's (AMZN) $1.4 billion deal to buy iRobot (IRBT) may be in jeopardy. The tech giant missed a deadline to offer concessions to European regulators, who have concerns the deal could stifle competition in the robot vacuum market. Yahoo Finance Live reports on the latest trending tickers. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Stephanie Mikulich...
Continue ReadingNetflix has removed an Indian language film from its platform after the movie faced a backlash on social media for depicting the daughter of a Hindu priest eating meat. Hindus are India's largest religious grouping and Hindu priests, as well as their families, are typically vegetarian. "Annapoorani - The Goddess of Food", a Tamil-language film that was released in theatres in December and aired on Netflix later the same month, was no longer available on the international streaming platform as of Thursday...
Continue ReadingAlphabet's Google Cloud said on Thursday its customers who want to migrate their data to another cloud provider will not have to pay any network fees to make the transfer. Many cloud providers, including Microsoft's Azure and Amazon Web Services (AWS), charge customers based on the amount of data transferred when they switch vendors. Britain's media regulator Ofcom in October raised concerns about the fees, saying it can discourage customers from switching to an alternative provider...
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