Amazon (AMZN) reported third-quarter earnings after the bell on Thursday and became the latest company to harness the power of AI to fuel growth. The e-commerce giant says that it is using AI for AWS (Amazon Web Services). CEO Andy Jassy says that the opportunity could manifest in tens of billions of dollars. The [...]
Threats of antitrust lawsuits and government intervention have been a concern for Amazon (AMZN) and its investors for years as the e-commerce giant gobbles up competition and appears more and more like a monopoly. But all this came to a head on Tuesday as the US government announced via the Federal Trade Commission (FTC) [...]
Yesterday, shares of AMC Entertainment (AMC) jumped 20% higher after it was reported that Amazon is interested in acquiring the company. The entertainment company has been through a tumultuous few years since becoming a meme stock during the pandemic, soaring to as high as $37/share at one point. Today, the stock sits at a [...]
Yesterday, Amazon announced its acquisition of healthcare provider One Medical. This landmark deal will cost Amazon $3.9 billion, and allow them to become a primary medical care provider. But so far, the market reaction hasn’t been what Amazon was hoping for. The purchase of One Medical will grant Amazon access to over 200 brick-and-mortar [...]
It’s been a rough year for the largest e-commerce company in the world, Amazon. Share prices today have fallen to record lows over the past three years, down to just $82/share. As the company sits over 50% lower today than it did this time last year, things are changing structurally for Amazon. The company [...]
It was announced early this morning that Amazon is adding another Prime Day sale to their calendar. Prime Day has historically come once a year and has been the most lucrative day for the company - and its sellers. Revenue on Prime Day has even surpassed Black Friday/Cyber Monday sales in the past. This [...]
In a world where Amazon seems untouchable, any news of a company stealing their customers is sure to make waves. And that’s exactly what appears to be on the horizon - as Oracle executives claim that there will be shocking brands switching over to their OCI (Oracle Cloud Infrastructure) from Amazon’s AWS. This would be [...]
For years, efforts here on the homefront have been to increase US manufacturing - preventing money from going overseas. The latest in cutting back on imports comes from President Biden’s push to accelerate domestic manufacturing through legislation. The inflation reduction act (IRA) became law on August 16, 2022 and sets aside about $30 billion in [...]
Usually, news of a partnership with Amazon would bode well for a company’s stock. However, that hasn’t been the case for Rivian - one of the most anticipated EVs since Tesla. This automaker just went public in the last year - and while the stock hit the market at a high of $172 in [...]
It seems Amazon is on a mission to gain a grasp on any industry possible. So, when rumors circulated that Amazon was looking to acquire EA sports, it made sense. With EA Sports being regarded as one of the largest video game companies in the world as it stands right now, this purchase would [...]
