Tag: Startup

© Reuters. FILE PHOTO: A worker assembles a box for delivery at the Amazon fulfillment center in Baltimore, Maryland, U.S., April 30, 2019. REUTERS/Clodagh Kilcoyne//File Photo By Julien Ponthus (Reuters) -Growth and technology stocks rebounded on Friday, as traders weighed stellar results from Amazon.com Inc (NASDAQ:AMZN) against an unexpectedly strong U.S. employment number that propelled…

Share to FacebookShare to TwitterShare to LinkedinTopline Billionaire philanthropist MacKenzie Scott—who helped her ex-husband, Jeff Bezos, build Amazon in its early days—has pledged $133.5 million to a nonprofit that helps keep at-risk children in schools, as her philanthropy continues to overshadow Bezos’ giving since their 2019 divorce. Mackenzie Scott (then Bezos) at the Vanity Fair…

Share to FacebookShare to TwitterShare to LinkedinTopline Amazon is increasing the cost of its Prime service, the company announced Thursday, as its fourth-quarter earnings report showed a 9% year-over-year increase in revenue and met analysts’ expectations following a holiday season fraught with challenges. Tractor trailer semi truck with logos for Amazon Prime service and text…

A day after Facebook parent Meta Platforms  (FB) – Get Meta Platforms Inc. Class A Report posted disastrous quarterly results that sent shares tumbling, Amazon.com  (AMZN) – Get Amazon.com, Inc. Report may be poised to reclaim some of big tech’s market valuation.  Facebook’s 26% slide in the regular session took almost $240 billion of its market cap…

In the eyes of investors, Amazon’s performance and future prospects are viewed and interpreted in terms of the health of its cloud division. And with good reason: Amazon Web Services is the sales engine or locomotive of the e-commerce giant. In the third quarter, AWS accounted for all of Amazon’s $4.9 billion in operating income.…

Google  (GOOGL) – Get Alphabet Inc. Class A Report has not yet said its last word. While its Silicon Valley rivals keep publicizing their efforts to dominate web3, the new iteration of the internet, the Mountain View, California-based company is not to be outdone, according to its CEO Sundar Pichai. “We are definitely looking at blockchain…

Share to FacebookShare to TwitterShare to LinkedinTopline Widely followed stock picker Cathie Wood of Ark Invest, looking to bounce back as her funds continue to underperform, is using recent market volatility to buy the dip on big growth names like Tesla and Robinhood—both of which have seen shares struggle amid the wider selloff in January.…

Updated at 4:52 pm EST U.S. stocks ended firmly higher Tuesday, following on from a wild January ride that provided the best two-day rebound for tech stocks in two years and the weakest monthly performance for the S&P 500 in more than a decade. Markets remain gripped by the wholesale re-pricing of assets amid the…

Nearly 40,000 people want President Joe Biden to squash his beef with Tesla  (TSLA) – Get Tesla Inc Report and CEO Elon Musk and acknowledge the electric vehicle maker in the country’s fight to electrify its auto fleet. A change.org petition has garnered more than 38,800 signatures since it debuted over the weekend.  “The White House…

Tesla continues to dominate electric vehicles sales in the biggest U.S. market for them. Getty Images Billionaire Elon Musk moved Tesla’s headquarters and his residence to Texas, but California remains the strongest U.S. market for the electric-car maker, accounting for nearly 40% of its American sales and more than half of all zero-emission vehicles purchased…