Amazon.com Inc. shares closed lower than their March 2020 nadir for the first time Thursday, as the tech giant’s stock heads for its worst year since the dot-com bust. Amazon AMZN, -3.43% shares fell ...
Tag: e-commerce
New tax rule for eBay and Venmo will cause ‘significant confusion,’ CPAs say
As Congress concludes 2022 with a sprint to pass laws and a spending deal, tax accountants are joining a chorus of e-commerce companies and pay platforms who say a revamped tax form is about to cause ...
REITs May Be a Great Investment Next Year (After a Rough 2022)
Soaring interest rates and the weakening economy have crushed real estate investment trusts in 2022, with the FTSE Nareit All Equity REIT index dropping 23% year to date. Rising rates hurt REITs becau...
The Demise Of E-Commerce Is Greatly Exaggerated
commercial illustrator getty This is a topic that’s been on the minds of many retail executives and industry watchers in recent months, with some pointing to declining e-commerce growth rates an...
One company could determine if U.S. corporate profits rise to a record next year
As Wall Street looks toward 2023, earnings growth for the companies that make up the S&P 500 index could hinge on just one of them: Amazon.com Inc. Amazon AMZN, -1.39%, the online retail giant who...
E-commerce Bots Boosting Prices, Causing Shortages, And Taking Advantage Of Crises
When TicketMaster melted down in November under the avalanche of Taylor Swift fans trying to get concert tickets, the company blamed bots. The site was supposed to open up only for 1.5 million Swift f...
Tech Stocks Could Keep Falling but IAC Stock Already Looks Like a Buy
With the Nasdaq Composite down more than 30% over the past 12 months, almost every tech stock is cheaper than a year ago, and there is temptation to bottom-fish. There’s a big difference between cheap...
Nio, Alibaba, Bilibili among China stocks set for another rally as Covid controls ease
U.S.-listed shares of Chinese internet and electric-vehicle stocks are enjoying a sharp rally yet again in premarket trading Monday amid reports that officials in the country were easing pandemic rest...
Amazon, Walmart, and Kroger Could Have the Solution to Grocery Deliveries
Shoppers returning to stores in the wake of the Covid-19 pandemic, venture-capital money drying up, and higher labor costs mean the first golden age of food delivery looks to be over. But customers ha...
Yes, Gap’s Amazon Deal Can Be Desperate And Smart At The Same Time
GapGPS is for sale on Amazon.com. Gap made “thousands” of its items available last week at Amazon.com/Gap with the promise of “fast, free Prime delivery.” AP Photo/Gene J. Puskar Copyright 2017 The As...
Alibaba Gets a Price Target Cut After Strong Earnings
Text size Benchmark analyst Fawne Jiang maintained her Buy rating on Alibaba despite cutting her price target. AFP via Getty Images Alibaba Group Holding stock popped on Thursday, prompting an analyst...
Black Friday surprise: Jeff Bezos tells people not to buy cars, refrigerators and other big-ticket items. Critics call him out.
Billionaire Jeff Bezos, who founded the e-tail behemoth Amazon, has some spending tips as Americans gear up for the holiday shopping season — amid four-decade-high inflation and recession worries. Her...
Amazon Begins Mass Job Cuts
Amazon (AMZN) – Get Free Report, the e-commerce giant, began Tuesday to carry out massive job cuts to respond to the economic slowdown likely to turn into a recession in the coming months. The...
Alibaba, Tencent, lead Hong Kong tech stocks higher after upbeat China online retail sales data
Shares of Chinese internet giants jumped in Hong Kong, after official data showed better-than-expected October retail sales in the world’s second-largest economy. Alibaba Group Holding Ltd. BABA, +0.7...
Walmart Is Flexing Its Muscle Again
America’s biggest retailer has a new message for its suppliers: We’re not going to pay higher prices anymore. Walmart Inc. Chief Executive Doug McMillon delivered the warning in person last month in a...
Disney+ Hops On Latest Streaming Trend: New Value-Added Features
Disney+ is testing a new e-commerce feature. SOPA Images/LightRocket via Getty Images The disappointing numbers reported by Walt Disney in Tuesday’s earnings call prompted distress on Wall Street, whe...
Amazon Has Lost $1 Trillion in Market Cap. Ouch.
Amazon.com has now lost more than $1 trillion in market capitalization, the most ever by a U.S. company and the first time one company has shed that much market value. It’s a painful reminder to inves...
Digital Ocean Earnings Raise More Big Questions About the Cloud
DigitalOcean posted better-than-expected third quarter results, but the provider of cloud-based computing service to small- and medium-size businesses offered guidance for the fourth quarter that fell...
Why Walmart Could Win Hyperlocal Delivery In The US
Products that have been somewhat insulated from the rising tide of e-commerce are seeing an uptick in online orders. Grocery e-commerce hit record highs in recent years. Even still, popular categories...
Amazon stock still a ‘compelling opportunity’ despite cloud concerns, says JPMorgan
Sentiment toward Amazon.com Inc.’s stock “is at a multiyear low,” according to JPMorgan analyst Doug Anmuth, but he thinks investors aren’t giving the e-commerce giant enough credit. A main source of ...