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Tag: Amazon

Amazon AWS third-quarter profits rise despite Gen AI boom

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Amazon AWS third-quarter profits rise despite Gen AI boom

Amazon's quarterly financial results beat analysts' expectations on Thursday, driven by strong revenue growth and record operating income in the company's $110 billion cloud computing business, sending shares up as much as 6% in after-hours trading led. In the quarter, Amazon generated earnings per share of $1.43 on total revenue of $158.9 billion, beating average […]

Why Amazon shares make profits unlike Meta and Microsoft

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Why Amazon shares make profits unlike Meta and Microsoft

Amazon (AMZN) reported better-than-expected third-quarter results and provided strong guidance. Arun Sundaram, Senior Equity Research Analyst at CFRA Research, joins Market Domination Overtime hosts Alexandra Canal and Josh Lipton to discuss the results and why the market is less concerned with Amazon's spending compared to its peers artificial intelligence (AI) takes care of it. “Really, […]

The Dow and Nasdaq sink as Microsoft and Meta lead the selloff in tech stocks

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The Dow and Nasdaq sink as Microsoft and Meta lead the selloff in tech stocks

In this story The Dow Jones Industrial Average fell more than 400 points Thursday morning, along with sharp declines in the Nasdaq and S&P 500, after Microsoft's weaker-than-expected earnings reports (MSFT-5.59%) and Meta (META-3.99%). super microcomputer (SMCI-13.76%) The stock continued to fall afterwards the resignation of Ernst & Young, the company's auditor, and now it's […]

Amazon profits are today. Here's what to expect

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Amazon profits are today. Here's what to expect

Amazon (AMZN) is expected to report its third-quarter results on Thursday after slightly falling short of expectations last quarter. The retail and cloud giant is expected to report revenue of $157.3 billion for the quarter ending in September, according to analyst estimates from FactSet (FDS). Amazon is expected to report earnings per share (EPS) of […]

Due to these factors, Amazon shares could rise above $240

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Due to these factors, Amazon shares could rise above 0

Mark Mahaney, senior managing director and head of Internet research at Evercore ISI, joins Catalysts to unravel his bullshit at Amazon (AMZN). Mahaney has a $240 price target on the stock, arguing it could go higher if growth at AWS (Amazon Web Services) continues to accelerate. He explains that AWS is a “high-margin company” with […]

Jeff Bezos says endorsing the president “creates a perception of bias” as he defends The Washington Post

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Jeff Bezos says endorsing the president “creates a perception of bias” as he defends The Washington Post

Topline Billionaire Washington Post owner Jeff Bezos on Monday defended the newspaper's decision not to endorse a presidential candidate, a move that has sparked intense backlash and staff layoffs. According to reports, 200,000 people have canceled their digital subscription Jeff Bezos, founder of Amazon and owner of The Washington Post, defended his newspaper's decision not […]

Costco recalls chicken products as Listeria meat recalls increase at BrucePac

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Costco recalls chicken products as Listeria meat recalls increase at BrucePac

In this story Another day, another contaminated food product for Americans to be on the lookout for. This time it's from Costco (COST-0.25%)which told customers earlier this month that some of its ready-to-eat meal packages may have been contaminated Listeria. McDonald's faces its first lawsuit stemming from the Quarter Pounder E. coli outbreak Costco alerted […]

Here's how to get cheaper gas with Amazon Prime and BP Earnify

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Here's how to get cheaper gas with Amazon Prime and BP Earnify

In this story Amazon (AMZN+0.88%) Subscribers pay for it Prime in exchange for free two-day shipping, discounts on services like Grubhub, and access to movies and TV shows on Prime Video. Now you can add gas savings to that list. McDonald's faces its first lawsuit stemming from the Quarter Pounder E. coli outbreak Amazon announced […]

“'Good Omens' ends 90-minute episode as Neil Gaiman exits”

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“'Good Omens' ends 90-minute episode as Neil Gaiman exits”

Good omens receives a final farewell, albeit a shortened one. The Amazon fantasy drama will end with a 90-minute episode instead of a full third season, with creator Neil Gaiman exiting after numerous women made allegations against him. Michael Sheen and David Tennant, who play the angel Aziraphale and the demon Crowley respectively, will return […]

Israeli IP addresses were banned from reporting to Twitch for a year

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Israeli IP addresses were banned from reporting to Twitch for a year

Twitch, the Amazon-owned live video streaming platform, resumed signups from Israel on Monday after reports that the platform had blocked access from Israeli IP addresses for over a year. This came after several people reported that they were unable to log into Twitch due to their Israeli IP being blocked. Twitch Support released a […]