Amazon's (NASDAQ: AMZN) founder and CEO Jeff Bezos recently announced he would step down as CEO in the third quarter of 2021 and hand the reins over to his cloud chief Andy Jassy. Bezos will remain onboard as Amazon's executive chairman.The announcement initially surprised many i
While a number of retailers have struggled or closed stores over the last year, there is one consumer discretionary company that will survive and even thrive amid rising competition and economic volatility. Costco Wholesale (NASDAQ: COST) is a smart bet for investors seeking a st
Despite posting blowout earnings last week, Amazon (NASDAQ: AMZN) slipped a bit after its fourth-quarter earnings report. Of course, the price action wasn't surprising, considering both Amazon's huge run over the past year and the announced retirement of founder and CEO Jeff Bezo
Saving money is really hard. Whether it's covering an unexpected expense or realizing you spent more on your credit card last month than expected, having any money left at the end of the month should be cause for celebration. But once you finally have some cash saved up, then wha
The pandemic saw the acceleration of certain consumer trends that could arguably be described as secular in nature. And companies offering products or services that drove these unique trends have benefited immensely. But most importantly, these benefits are unlikely to reverse ev
If you've been keeping tabs on the stock market, it's hard to overlook the fact that we're in a bubble. Stocks are generally overvalued right now, which means eventually, we're apt to see that bubble burst.But that may not happen for a bit of time, so it's important to know what
Electric-vehicle startup Rivian, which is backed by Amazon.com Inc and Ford Motor Co, is looking to go public as soon as September at a valuation of about $50 billion or more, Bloomberg News reported on Tuesday.
The Nasdaq ended at a new closing high on Tuesday but the broad market closed slightly lower as investors rotated out of large-cap tech names into other sectors seen as benefiting from President Joe Biden's proposed $1.9 trillion stimulus bill.
The Nasdaq scaled a new closing high on Tuesday, but the broad market barely missed eking out a seventh day of gains as investors rotated out of large-cap tech names into other sectors expected to benefit from a proposed $1.9 trillion U.S. stimulus bill.
The Nasdaq extended a winning streak to seven straight days but the broad market closed slightly lower as investors rotated out of large-cap tech names into other sectors seen as benefiting from President Joe Biden's proposed $1.9 trillion stimulus bill.
The Dow and the S&P 500 were little changed on Tuesday after a six-day winning streak as investors rotated out of large-cap tech names into other sectors that likely will benefit from President Joe Biden's proposed $1.9 trillion stimulus bill.
Silicon Valley self-driving start-up Aurora Innovation said that it has agreed to a long-term partnership with Toyota (NYSE: TM) and Toyota supplier Denso (OTC: DNZOY) in which the partners will mass-produce autonomous vehicles for ride-hailing networks.Aurora's autonomous-vehicl
To put it plainly, the coronavirus pandemic boosted most of Amazon's (NASDAQ: AMZN) operations. Social distancing orders placed added value on the services it provided and to the company's credit it capitalized on the situation quite effectively.The pandemic will not be permanent
The retail apocalypse has been under way for years. Online retailers and big-box superstores are stealing market share in the American and global consumer shopping sector every day, and the coronavirus pandemic only accelerated this unstoppable megatrend. Many store chains are fi
India is looking into its foreign investment rules governing the e-commerce sector to ensure that the industry follows the spirit of the regulations and maintains a level playing field for all sellers on the platforms, the trade minister said.
The U.S. retail stock trading phenomenon driven by the WallStreetBets Reddit forum is fuelling a copycat trading boom in Europe, bank and brokerages said.
It's may not be the most interesting stock pick to make at the moment, but Amazon (NASDAQ: AMZN) is still one of the best. The e-commerce giant was a force throughout the pandemic, and it proved its mettle again with a blowout fourth quarter earnings report to neatly tie up 2020.
Wall Street's main indexes were set to slip from record highs on Tuesday following several disappointing quarterly earnings reports, while investors closely tracked progress in passing a proposed $1.9 trillion stimulus plan.
UPS (NYSE: UPS) delivered anther good quarter, but questions remain about its potential to expand profit margins while servicing burgeoning e-commerce growth from Amazon (NASDAQ: AMZN) and other customers. The jury is definitely out on the matter. That said, if I was on that jury