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The Latest Breaking News from Amazon.com Inc.

Morning Brief: Top Financial Stories Dominating on Thursday, April 21

CNBC Ford Unveils Lincoln Star Electric SUV Concept

Benzinga

Amazon Europe Could Get Away With No Taxes In 2021 Despite $55B Sales: Bloomberg

Amazon.com Inc’s (NASDAQ: AMZN) main European retail business reported €1.2 billion ($1.2 billion) of losses in 2021, allowing the company to dodge taxes and win €1 billion in tax credits, Bloomberg reports. Luxembourg-based Amazon EU Sarl recorded sales of €51.3 billion in 2021, up 17% year-on-year. The unit recorded €37 billion of “raw…

Benzinga

Another Analyst Gets Cautious On Amazon After BNP Paribas

Rosenblatt analyst Barton Crockett initiated coverage of Amazon.com Inc (NASDAQ:AMZN) with a Neutral rating and a $3,000 price target (5% downside). Crockett saw inflation hurting retail sales. Also Read: Here's Why This Analyst Is Cautious On Amazon Crockett did not see Amazon's core business in online stores and third-party services recover growth after faltering in late…

Benzinga

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Looking At Amazon.com's Recent Whale Trades

Someone with a lot of money to spend has taken a bearish stance on Amazon.com (NASDAQ:AMZN). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

Amazon Is Hiring For Multiple Positions For AR Products

Amazon.com Inc (NASDAQ:AMZN) has been looking to hire for multiple roles for an unannounced AR/VR product, reflecting its plans of building a substantive team, the Protocol reports. Amazon looks to fill many senior positions for computer vision scientists, designers, program managers, product managers, researchers, and technologists. Amazon looked for someone to develop…

Benzinga

If You Invested $100 In Amazon.com 10 Years Ago, Here's How Much You Would Have Today

Amazon.com (NASDAQ:AMZN) has outperformed the market over the past 10 years by 19.7% on an annualized basis producing an average annual return of 31.99%. Currently, Amazon.com has a market capitalization of $1.56 trillion.

Benzinga

Amazon Prices Will Go Up With Fuel Surcharge: Here's The Date To Remember

To keep up with the rising costs of fuel and inflation, a leading e-commerce company is increasing its prices. Here’s who will feel the impact and when it will take place.

Benzinga

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Here's How Amazon Passed On Rising Fuel Costs, Inflation To Its Sellers

Amazon.com Inc (NASDAQ:AMZN) introduced a 5% surcharge to its delivery fees to shift the burden of the rising fuel costs and inflation, the Financial Times reports based on Amazon’s third-party sellers. Amazon will add the fee to the per-unit delivery cost implying the cost to deliver a T-shirt would rise from $5.07 to…

Benzinga

How to Invest in Edge Computing Technology

Edge computing is expected to play a significant role in the broader transformation of computing infrastructure. It is expected to offer a wide range of new and powerful computing services. Given this backdrop, it could be wise to bet on quality edge computing stocks Microsoft (MSFT), Akamai (AKAM), and International…

StockNews.com

Does Recent IPO Hour Loop Deserve a Place in Your Portfolio?

Online retailer Hour Loop (HOUR) made a stellar stock market debut in January this year, with its shares opening at a 63.8% premium to their offering price. However, the stock has since lost momentum due to its stretched valuation and the company’s bleak growth prospects. But as HOUR expands its…

StockNews.com

What Are Whales Doing With Amazon.com

Benzinga

If You Invested $1,000 In Amazon Stock At Its Pandemic Low, Here's How Much You'd Have Now

Investors who have owned stocks in the last year have generally experienced some big gains. In fact, the SPDR S&P 500 (NYSE: SPY) total return over the last 12 months is 64%. But there is no question some big-name stocks performed better than others along the way.

Benzinga

Looking At Amazon.com's Recent Whale Trades

A whale with a lot of money to spend has taken a noticeably bearish stance on Amazon.com. Looking at options history for Amazon.com (NASDAQ:AMZN) we detected 54 strange trades.

Benzinga

Amazon.com vs. eBay: Which Stock is a Better Buy?

Today I will analyze Amazon.com (AMZN) and eBay (EBAY) to determine which e-commerce stock is currently a better buy.

StockNews.com

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Benzinga

Morning Brief: Top Stories Dominating Financial Media on Thursday, April 7

Reuters Here’s Why HP Shares Are Trading Higher Premarket

Benzinga

India's Tata Group Goes Head On With Amazon, To Roll Out New Super App For All Shopping Needs

The Indian conglomerate Tata Group will roll out an all-in-one e-commerce app allowing users to buy everything from apparel to airline tickets, Bloomberg reported. Mumbai-based Tata Digital Pvt’s digital services platform, Tata Neu, will go live to consumers on April 7. The report noted Tata Neu is expected to give more power to…

Benzinga

Amazon's Business Practices Catches SEC's Attention

The SEC investigated Amazon.com Inc's (NASDAQ: AMZN) disclosure norms for some of its business practices, including how it uses third-party-seller data for its private-label business,

StockNews.com

The potential for aggressive interest rate increases by the Federal Reserve this year, further Western sanctions against Russia, and intensifying supply chain disruptions have caused the market to suffer another selloff. Therefore, investors seeking to avoid market volatility and generate stable returns could consider betting on quality mega-cap stocks UnitedHealth…

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3 Top Telecom Stocks to Add to Your Watchlist

The telecom industry has been leveraging strong consumer demand amid the remote culture to fuel its growth despite several industry headwinds. Thanks to the acceleration of IoT and 5G network deployment, rapid technological advancement, and increasing demand for broadband services, popular telecom companies KT Corp (KT), Telenor (TELNY), and InterDigital…

Benzinga

Amazon To Invest $10B In Sending Internet Satellites To Space, Firing Up Rivalry With Elon Musk's Starlink

Amazon.com Inc (NASDAQ:AMZN) forged deals to launch up to 83 rockets carrying its internet satellites into low earth orbit, firing up rivalry with Tesla Inc (NASDAQ:TSLA) chief Elon Musk's Starlink, the Financial Times reports. Starlink has launched more than 2,000 satellites and boasted download speeds of 200 megabits per second. The agreements with Arianespace,…

Benzinga

Morning Brief: Top Stories Dominating Financial Media on Tuesday, April 5

CNBC

Benzinga

Amazon Looks To Block 'Union,' 'Living Wage,' Or 'Freedom' Keywords On Internal Messaging App: Report

Amazon.com, Inc (NASDAQ: AMZN) is reportedly planning on flagging and blocking certain keywords linked to unions on its internal messaging app.

Benzinga

Amazon's Unionization Would Hit Its Profitability, Morgan Stanley Says

Morgan Stanley analysts saw Amazon.com Inc's (NASDAQ:AMZN) unionization decision driving costs, CNBC reports. Morgan Stanley analysts saw Amazon's 2023 operating expenses increasing by $203 million on hiking JFK8 employees' hourly wages to $29. It served a tiny fraction of Amazon's annual operating costs, which reached $445 billion in 2021. Every 1% of Amazon's front-line…

Benzinga

Riot Blockchain Inc (NASDAQ: RIOT) is a leader in North American Bitcoin (CRYPTO: BTC) mining activities, and over the past 2 years, has produced eye-popping returns for investors.

Benzinga

This Tycoon Just Joined An Exclusive 10-Member Club With Elon Musk And Jeff Bezos

Gautam Adani, the chairman of business conglomerate Adani Group, has recently joined the exclusive centibillionaires club. According to the Bloomberg Billionaires Index, Adani has now accumulated $100 billion in wealth. He became the 10th member of the club by adding almost $24 billion to his fortune so far this year.

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