Home Tag "Amazon"

FAANG Group Post Mixed Earnings Reports

The latest earnings reports for members of the Faang group of tech giants — Facebook, Amazon, Apple, Netflix and Google — are making what has been a winning trade for investors look more complex. Amazon blew past Wall Street forecasts on Thursday as its diversification into higher-margin cloud computing and the dominance of its online […]

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Amazon’s Long-Awaited Invasion Of The Pharmacy Business Has Begun.

Amazon today said it was buying mail-order drug-seller PillPack for an undisclosed sum, ending many months of speculation and anxiety in the health-care business that Amazon, Destroyer of Industries, was coming for drugstores next. Turns out it is! Shares of pharmacies and pharmacy benefit managers Rite Aid Corp., CVS Health Corp. and Express Scripts Holding […]

FAANG Group Post Mixed Earnings Reports

Big Retailers Betting On India’s Online Grocery Market

Flipkart, Amazon, Grofers, Walmart and dozens of other companies both local and global are fighting for pieces of India’s grocery delivery industry. Dominant players could make billions in this huge market, but transportation, storage and other logistical obstacles mean that not even the giants of commerce are guaranteed success. (Nikkei Asian Review)

FAANG Group Post Mixed Earnings Reports

Google Still Most Valuable Brand In The World, Alibaba And Tencent In Top 10 Also

Two of the world’s biggest brands are now Chinese, this according to a new list of the world’s most valuable brands recently put out. China claimed two of the top spots for the first time. Alibaba has joined the top 10, alongside Chinese tech group Tencent, as well as stalwarts such as Google and Apple. […]

FAANG Group Post Mixed Earnings Reports

Is Walmart Trying To Battle Amazon With Flipkart Acquisition?

Walmart, trying to battle Amazon on many fronts, just offered up $16 billion for a majority stake in India’s e-commerce giant, Flipkart. Flipkart is the biggest e-commerce company in India, though Amazon is a strong player there too. Walmart surely sees the untapped potential in a country where only 5 to 10 percent of people […]

FAANG Group Post Mixed Earnings Reports

Amazon Posts Earnings Twice As Good As Wall Street Had Expected.

The ecommerce group posted earnings that were more than twice as good as Wall Street had expected. Growth is also accelerating in Amazon Web Services, its cloud computing business that now comprises almost three-quarters of the company’s operating income. In its outlook, Amazon said operating income might triple in the current quarter. Separately, couriers will […]

FAANG Group Post Mixed Earnings Reports

Tech Sell-Off Spreads To Europe After Sector Led A US Stocks Tumble

The tech sell-off spread to Europe on Tuesday after the sector led a US stocks tumble, with rising trade tension between the US and China also unnerving investors. The S&P 500 index fell 2.2 per cent on Monday, leaving it more than 10 per cent off its high in January, the technical definition of a […]

Our Vision Is To See Jamaica Grow To 100 Per Cent Internet Penetration

Amazon.Com. Planning To Offer Credit Card To U.S. Small-Business Customers

Amazon.com. is planning to offer a credit card to U.S. small-business customers, furthering its push to supply companies with everything from reams of paper to factory parts, according to people with knowledge of the matter. The e-commerce giant has been in talks with banks including JPMorgan Chase & Co. on a co-branded credit card for […]

FAANG Group Post Mixed Earnings Reports

Amazon Picks Up Ring For US$1bn

Amazon is paying around $1bn for Ring, the second maker of connected doorbells and security cameras it has acquired in just over two months, after it bought Blink in December to further its Alexa-led ambitions in the “smart home”. Amazon is expected to keep Ring as an independent business, much like it has with its […]

Our Vision Is To See Jamaica Grow To 100 Per Cent Internet Penetration

“Cars Are To Uber What Books Are To Amazon” – Khosrowshahi

Dara Khosrowshahi plans to expand into buses, bikes and all forms of transportation, he said at a conference, outlining his long-term vision for Uber for the first time since being named chief executive last August. “Cars are to us what books are to Amazon,” he said — a reference to Amazon’s origins as a bookseller.

Our Vision Is To See Jamaica Grow To 100 Per Cent Internet Penetration