Several U.S. banks have started deploying camera software that can analyze customer preferences, monitor workers and spot people sleeping near ATMs, even as they remain wary about possible backlash over increased surveillance, more than a dozen banking and technology sources told Reuters.
Amazon is exploring a premium furniture assembly service, Bloomberg reported on Friday. According to the report, Amazon is experimenting with a premium service that would allow customers to opt for furniture assembly or appliance installation as soon as such items are delivered to their homes.
The move would enable Amazon (AMZN) to take on other furniture and home goods retailers like Wayfair (W), Best Buy (BBY), Home Depot (HD) and Lowe’s (LOW), Bloomberg said.
The report, citing unknown sources, said that AMZN is planning to introduce the furniture assembly service in Virginia and two other markets. Currently, Amazon only delivers furniture and appliances but doesn’t offer their assembly or installation.
Bloomberg said that the new service will involve the drivers not only delivering, unpacking and assembling the items, but also taking it back if the customer is not satisfied. The report said that this new service, if adopted, could simplify the company’s existing Amazon Home Services, available in select cities in the United States that allows customers to hire contractors through its website for furniture assembly or installation of electronic appliances. (See Amazon stock analysis on TipRanks)
Wayfair overtook Amazon as the biggest online retailer of furniture and home goods in 2019, according to the Bloomberg report, citing 1010Data .
On April 15, Morgan Stanley analyst Brian Nowak reiterated a Buy rating and a price target of $4,200 on the stock after AMZN confirmed its plans to open four grocery stores on the East Coast.
Nowak told investors that it has been reported that Amazon plans to build almost 100 additional stores over and above the 12 Fresh stores currently operated in CA and IL.
Shares of Amazon have jumped 10.5% in the past month.
Consensus among analysts is a Strong Buy based on 32 Buys. The average analyst price target stands at $4,103.27 and implies upside potential of 20.7% to current levels.
Microsoft Corporation will invest $1 billion over the next five years in Malaysia as part of a new partnership programme with government agencies and local companies, the Southeast Asian nation's prime minister said on Monday.
A big surprise came on April 13 when online personal styling service Stitch Fix (NASDAQ: SFIX) announced that founder Katrina Lake will step down as CEO and move to the role of executive chairperson of the board. Current Stitch Fix president Elizabeth Spaulding is taking over fro
U.S. technology and growth stocks have taken the market's reins in recent weeks, pausing a rotation into value shares as investors assess the trajectory of bond yields and upcoming earnings reports.
Bloomberg is reporting that Amazon (NASDAQ: AMZN), the king of e-commerce, is getting more aggressive with its physical retail investments. Sources told the news outlet the company plans to open 28 new Amazon Fresh stores across the U.S. this year, adding to its 11 current locati
Cathie Wood has become one of the investing world's most popular figures over the last year -- and for good reason. The founder and CEO of ARK Invest has helped put together a collection of actively managed exchange-traded funds (ETFs) that have absolutely crushed the market over
The trillion-dollar market cap club is an exclusive one, but it could grow in the years ahead. What other companies could grow to the size of businesses like Amazon and Apple? In this Fool Live video clip, recorded on March 8, Fool.com contributors Matt Frankel, CFP, and Jason Ha
President Joe Biden took office with less than ideal economic conditions. Nevertheless, one of the most robust bull markets in history might take shape under his administration.Even with the pandemic ongoing, a confluence of catalysts have emerged that could propel stock prices m
Amazon.com Inc's video game division has canceled an online role-playing game based on the fantasy series Lord of the Rings, which was announced in 2019, an Amazon spokeswoman said.
The past year has been an eventful one for Roku (NASDAQ: ROKU). In the face of unprecedented and widespread shutdowns and stay-at-home orders, consumers accelerated their adoption of streaming video -- a trend that played to several of Roku's key strengths. Its business gains hav
Stocks in the financial sector have outperformed the S&P 500 -- and most other sectors -- in 2021, led by the resurgence of traditional banks. However, some of the fintechs that saw their stock prices skyrocket in 2020 have come back down to earth this year, including Green D
Maybe it's not a surprise, but Amazon (NASDAQ: AMZN) saw a lot of new Prime members sign up in 2020. CEO Jeff Bezos said the company now has over 200 million Prime members worldwide in his 2020 letter to shareholders. That's up about 50 million in the 15 months since management l
Companies that beat the market consistently and deliver multibagger returns accomplish these successes by being able to innovate and reinvent themselves over the years. Sea Limited (NYSE: SE) has been doing this since its founding in 2009. Founder-CEO Forrest Li and his teams hav
Next to Warren Buffett, nobody's annual letters to shareholders are as closely watched as those of JPMorgan Chase (NYSE: JPM) CEO Jamie Dimon. Dimon tackled many topics in his recent 66-page letter, but we focused on his commentary on fintech, bank regulations, and working in off
Money-making opportunities are available in the stock market for prudent investors, and the great thing is that there aren't any barriers to investing in the stock market. Invest in growing companies, stick with them for many years, and as long as an asteroid doesn't strike the E
We all know companies like Amazon (NASDAQ: AMZN) and Apple (NASDAQ: AAPL) are huge, but it's tough for many investors to truly grasp just how huge they are. In this Fool Live video clip, recorded on April 8, The Motley Fool's chief growth officer Anand Chokkavelu talks with Fool.
When it comes to big-cap tech stocks, there are five companies that tower over the rest: Apple (NASDAQ: AAPL), Amazon (NASDAQ: AMZN), Facebook (NASDAQ: FB), Microsoft (NASDAQ: MSFT), and Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG). In this Fool Live video clip, recorded on April 8, Fo
Has the pandemic-fueled growth stock rally ended for good? Although no one can perfectly predict the market, the signs are there. The rising 10-year yield curve has made investors jittery about the possibility of capital moving away from stocks to bonds, and of the Federal Reserv
U.S. technology and growth stocks have taken the market's reins in recent weeks, pausing a rotation into value shares as investors assess the trajectory of bond yields and upcoming earnings reports.
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