Nasdaq AMZN Amazon

Amazon will begin free and same-day deliveries of groceries in London for its 'Prime' members from Tuesday, as it looks to cash in on fast-growing demand for buying essentials online, a trend that has been boosted by the coronavirus lockdown.

Eros International (NYSE: EROS) is an Indian media entertainment company trying to quickly capitalize on the demand for content caused by the coronavirus pandemic. It has been pushing hard to develop its own content by merging earlier this year with STX Filmworks, a vertically

Earnings season is under way -- and investors are watching closely. For the most part, watchers have the same question for every company reporting earnings: How are lockdowns and social restrictions due to COVID-19 impacting business?

It's impossible to tell whether a stock is cheap or expensive just by looking at its price. No company proves this better than Amazon.com, which traded at roughly $1,000 per share three years ago and is now priced at over $3,000 per share. The important thing is to focus on high

U.S. stock index futures retreated on Tuesday as lawmakers geared up to debate a coronavirus relief deal to limit the economic damage from the pandemic, with investors also keeping an eye on quarterly earnings reports from Pfizer and McDonald's.

The stock market has been a bit of a roller coaster of late. During the first quarter, the market crashed hard, but it has been recovering nicely since late March. However, some stocks have performed consistently well throughout, including Livongo Health (NASDAQ: LVGO) and Spoti

Mukesh Ambani's Reliance Industries Ltd will pay between 240 billion and 270 billion rupees ($3.2-$3.6 billion) to buy the Indian retail chains owned by Future Group, Mint newspaper reported on Tuesday, citing two sources familiar with details of the deal.

India's Flipkart said on Tuesday it plans to offer 90-minute deliveries for groceries and home accessories, as the Walmart-owned online retailer goes head to head with Amazon.com Inc in a key growth market for e-commerce.

India's Flipkart said on Tuesday it plans to offer 90-minute deliveries for groceries and home accessories, as the Walmart-owned online retailer goes head to head with Amazon.com Inc in a key growth market for e-commerce.

Amazon will begin fast and free deliveries of groceries in London on Tuesday, with the aim of rolling out the service across the United Kingdom by the year-end as the coronavirus-driven lockdown boosted online sales of essentials.

Mukesh Ambani's Reliance Industries Ltd will pay between 240 billion and 270 billion rupees ($3.2-$3.6 billion) to buy the Indian retail chains owned by Future Group, Mint newspaper reported on Tuesday, citing two sources familiar with details of the deal.

Asian equities were set for a modest rise on Tuesday as investors weighed progress in U.S. government stimulus efforts against rising tensions with China and the growing coronavirus pandemic, while gold hit a record high.

Multiple branches of California's state and local governments are looking into allegations that Amazon.com (NASDAQ: AMZN) mistreated its employees during the novel coronavirus pandemic, according to several media outlets on Monday that cited a court filing.

The S&P 500 Index (SNPINDEX: ^GSPC) managed a solid gain on Monday, up 0.74% at market close. Daily confirmed cases of COVID-19 are still elevated in the United States, but a new stimulus package is in the works. Senate Republicans are soon expected to unveil a bill that inc

Itchy Facebook (NASDAQ: FB) investors will have to wait slightly longer than previously anticipated to find out how their company did last quarter. The social media giant said Monday that the second quarter of fiscal 2020 earnings release will be published this Thursday, July 30

The major indexes gained on Monday amid optimism for another COVID-19 stimulus package following yesterday's comments by Treasury Secretary Steven Mnuchin that lawmakers are approaching a deal for a $1 trillion bill. The proposal is expected to include another round of $1,200 ch

What happened Sea Limited (NYSE: SE) rose 6.6% Monday as investors bid up growth stocks; the Southeast Asian tech company also seemed to benefit from a strong second-quarter performance from one of its digital games.

Wall Street's main indexes closed higher on Monday as investors bet on some of the market's most high-profile stocks ahead of earnings reports while they weighed progress in U.S. government stimulus efforts against rising U.S. COVID-19 cases.

Wall Street's main indexes closed higher on Monday as investors monitored progress in U.S. government stimulus efforts along with rising U.S. COVID-19 cases and bet on some of the market's most high-profile stocks ahead of earnings reports.

Amazon.com Inc. (AMZN) is planning to create another 1,000 jobs in Ireland amid a surge in demand for cloud services and in an effort to help propel the country’s economic recovery following the COVID-19 pandemic.

The new, highly skilled roles will be based in locations across the company’s Cork and Dublin sites in Blanchardstown, Tallaght, the city centre, and north County Dublin. The new hires will bring Amazon’s total permanent workforce in the country to 5,000 people.

Among the new jobs created are software development engineers, network development engineers, Dev Ops engineers, and support engineers, as well as data center technicians and security specialists, and big data specialists. The positions will be deployed in a range of technical management and senior leadership levels at both Amazon and Amazon Web Services (AWS).

“Amazon has been investing and growing in Ireland for over 15 years, and today, we are increasing that commitment with the creation of these highly skilled roles,” said Mike Beary, AWS Ireland Country Manager. “We have seen a surge in demand for cloud services in Ireland and globally, and we are excited to add 1,000 highly skilled roles so we can continue to help our customers, especially in this difficult time, and work towards building a robust digital economy for the future.”

In addition to the new jobs, Amazon is investing in a new 170,000 square foot Dublin campus in Charlemont Square. The campus will be home to AWS’s growing cloud computing workforce, and is expected to open in 2022. In September 2020, the first of Amazon’s wind farm projects in Ireland will come online.

Shares in Amazon have been on a steady winning streak jumping 63% so far this year, with analysts maintaining a bullish outlook on the stock. The Strong Buy consensus boasts 37 Buys versus 2 Holds. In view of this year's rally, the $3,185.47 average analyst price target implies a modest 5.9% upside potential in the stock in the coming 12 months. (See Amazon stock analysis on TipRanks).

Ahead of Amazon’s earnings release on July 30, Wedbush analyst Michael Pachter raised the stock’s price target to $3,500 (16% upside potential) from $3,050 and reiterated a Buy rating, saying that he expects significant top-line upside for Q2, but near- and long-term profitability remains difficult to predict.

“COVID-19 and the stay-at-home response for many consumers should result in substantial revenue upside in Q2, with the company’s burgeoning grocery business likely a key driver,” Pachter wrote in a note to investors.

Pachter forecasts Q2 revenue of $81 billion and operating income of $1.83 billion vs. consensus at $81.3 billion and $0.93 billion respectively.

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