Billionaire Jeff Bezos has been keeping a low profile in recent months. He briefly broke his silence last month to issue a dire warning about the economy at a time when economic concerns are running ...
Tag: e-commerce
Saks Fifth Avenue Survey Finds Shoppers Willing To Spend This Holiday Season
Saks Fifth Avenue customers are primed to spend money this holiday season. Courtesy of Saks Fifth Avenue Saks Fifth Avenue’s holiday gift guide shows a group of people dressed in evening attire and pa...
Capital A to benefit from tightened economy: CEO Tony Fernandes
Despite soaring oil prices and weakening currencies, the outlook for aviation remains positive due to “extremely strong” demand, said Tony Fernandes, CEO of AirAsia parent company Capital ...
Stocks Poised to Fall Monday
U.S. stocks are poised for a slightly lower open on Monday ahead of another busy week of earnings and the Federal Reserve’s latest decision on interest rates on Wednesday. At 6:22 p.m. Eastern time Su...
Alibaba, JD, Baidu, and NIO Sink as China Tech Stocks Follow U.S. Selloff
Chinese technology stocks fell on Friday driving the Hang Seng Index to new lows. They seemed to be following U.S. investors who have fled from the sector after a string of disappointing earnings repo...
‘Pretty much Google 2.0’ — Amazon price targets reduced by analysts, though they say the long-term story is intact
Analysts downgraded their price targets for Amazon.com after it reported missing its third quarter sales expectations alongside a weak sales forecast for the upcoming festive season. Amazon AMZN, -10....
Amazon stock sinks after holiday forecast and cloud growth, profit disappoint; $150 billion in market cap at risk
Amazon.com Inc. predicted Thursday that holiday sales and profit would come in well lower than analysts expected as cloud growth slowed and Amazon Web Services profit missed expectations by nearly $1 ...
Apple Reports Earnings Today. What to Expect.
Apple shares have been remarkably resilient in the face of this year’s tech stock selloff, falling less than 15% since the end of December, and sharply outperforming rivals Microsoft Alphabet and Amaz...
Visa beats on earnings, increases dividend by 20%
Visa Inc. topped earnings expectations for its latest quarter, with the company’s chief executive calling out strong spending trends despite “short-term uncertainty.” The company reported fiscal fourt...
Alibaba, Tencent, Other Chinese Stocks Are in Free Fall. It’s About Xi Jinping.
Shares in Chinese companies were plunging Monday as markets reacted to the consolidation of power by President Xi Jinping, after he was confirmed to a historic third term as leader of the world’s seco...
Nio stock dives below $10, Alibaba hits 6 1/2-year low as Xi’s power move fuels fears
The U.S.-listed shares of China-based companies were rocked Monday, as China President Xi Jinping’s moves to consolidate power fueled fears that current policies that have led to a slowing economy wil...
Amazon earnings: ‘The good news is the consumer is still spending. The bad news is they’re not spending on e-commerce.’
Money is still flowing despite concerns about the economy, but Wall Street is wondering how much of that money is being spent on Amazon.com Inc. “The good news is the consumer is still spending,” D.A....
These 11 stocks can lead your portfolio’s rebound after the S&P 500 ‘earnings recession’ and a market bottom next year
This may surprise you: Wall Street analysts expect earnings for the S&P 500 to increase 8% during 2023, despite all the buzz about a possible recession as the Federal Reserve tightens monetary pol...
Alibaba and Other China Stocks Jump as President Xi Reassures on Tech
Shares in U.S.-listed Chinese companies were moving higher Monday as investors smiled on comments from a high-profile speech by President Xi Jinping that was supportive of the country’s technology sec...
Kroger-Albertsons Merger Would Create a Big Player in Retail Advertising
The proposed merger of Kroger Co. and Albertsons Cos. would reshape the U.S. supermarket industry by combining its two largest operators. It also would create a big player in so-called retail media, o...
Amazon Sends New Warnings About the Economy
Amazon (AMZN) is determined to be well prepared to weather the sharp economic downturn on the horizon without a big scratch. The e-commerce giant, which is one of the barometers of the health of th...
Holiday E-Commerce To Top $209 Billion, As Growth Rate Slows
U.S. consumers are expected to spend $209.7 billion in November and December, during a highly … [+] competitive holiday season, according to the Adobe holiday forecast. getty U.S. consumers are ...
Semiconductor Stocks Tumble After U.S. Announces New Chip Restrictions
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Korean Internet Giant Naver To Buy American Fashion Reseller Poshmark For $1.2 Billion
Naver cofounder Lee Hae-jin. ALAIN JOCARD/AFP via Getty Images South Korean billionaire Lee Hae-jin’s Naver, the country’s largest internet company by market capitalization, agreed to acquire American...
Chinese Tech Billionaire Richard Liu Settles Sexual-Assault Case in Minnesota
MINNEAPOLIS—A legal battle that Chinese feminists had seen as pivotal for the country’s embattled #MeToo movement ended abruptly just before a jury was set to hear the case in a Minnesota courtroom. R...
The Next Big Battle Between Google and Apple Is for the Soul of Your Car
A few years from now, in addition to deciding your next vehicle’s make and model, you may have another tough choice: the Google model or the Apple one? Other options may include “car maker generic” an...
Amazon, Berkshire Hathaway Could Be Among Top Payers of New Minimum Tax
Listen to article (2 minutes) WASHINGTON—A handful of large companies, such as Berkshire Hathaway and Amazon.com could bear most of the burden from a 15% corporate minimum tax President Biden signed i...
Hong Kong Shares Hit 11-Year Low. Alibaba and Tencent Lead Decline.
Text size Hong Kong’s Hang Seng index fell more than 3% on the week to reach its lowest level since October 2011. Bloomberg Hong Kong stocks ended a bleak week down more than 1% Friday, pushing ...
Amazon stock breaks long-term chart support, and the worst may still be to come
Amazon’s stock has tumbled enough over the past week to do real damage to its long-term chart — and enough to warn investors the worst may be yet to come. But amid the market turmoil and concerns over...