The U.S. Federal Trade Commission is preparing a possible antitrust lawsuit against e-commerce giant Amazon.com Inc, the Wall Street Journal reported on Friday, citing people familiar with the matter.
Amazon.com AMZN reported fourth-quarter 2022 earnings of 0.03 cents per share, declining 97.8% year over year.AMZN’s net income, totaling $0.3 billion, is inclusive of a pre-tax valuation loss of $2.3 billion in the non-operating income associated with its investment in R
Pennsylvania-based EPAM Systems Inc. (NYSE: EPAM) isn’t as well known as some of its S&P tech sector peers. Still, the infotech services provider is making a name for itself with artificial intelligence tools.
EPAM shares gapped up 7.53% on February 2, making it the tech sector’
What happened
Shares of Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) gained ground last month as the tech giant benefited from a rising tide in the stock market. Investors moved back into growth stocks in January on signs of cooling inflation and expectations that the Federal Reserve
Shares of Amazon (NASDAQ: AMZN) slumped after the company reported its fourth-quarter earnings. This was largely due to underwhelming profitability in Q4, along with lackluster guidance. However, what investors should be focusing on is Amazon's operating income, and in this episo
A gauge of global stocks slumped while U.S. Treasury yields and the dollar shot higher on Friday after a surprisingly strong U.S. jobs report rekindled concerns the Federal Reserve may need to stay aggressive in its rate hike path in order to tame inflation.
The U.S. Federal Trade Commission is preparing a possible antitrust lawsuit against e-commerce giant Amazon.com Inc, the Wall Street Journal reported on Friday, citing people familiar with the matter.
Wall Street's main indexes edged lower on Friday after data showed the economy added jobs at a rapid pace last month, feeding into fears that the Federal Reserve could keep interest rates higher for longer in its fight against inflation.
The stock market had a rough year in 2022, but the technology sector bore the brunt of the pessimism, with the Nasdaq-100 index falling by 33%. Some areas, however, fared worse than others.
(RTTNews) - The U.S. Consumer Product Safety Commission or CPSC announced recall of thousands of children's Robes made in China and sold exclusively on Amazon.com by various companies. The recalled robes fail to meet the federal flammability standards for children's sleepwear, po
Amazon (NASDAQ: AMZN) is the e-commerce pioneer. Walt Disney (NYSE: DIS) is the entertainment giant. This video will answer which of these growth stocks is the better one to buy.
A Spanish court has ruled that Amazon must compensate self-employed couriers who used their own vehicles for deliveries, a move welcomed by a labour union that has criticised worker conditions in the "gig economy".
Big Tech results reinforced concerns a boom in cloud services is easing, limiting a lucrative source of profit when a slowing economy has hit the companies' other businesses and prompting a bet on artificial intelligence as the next growth driver.
Futures for Canada's main stock index were muted on Friday as commodity prices dipped, while investors awaited U.S. jobs data to understand for clues on the Federal Reserve's future interest rate moves.
Warren Buffett has said that investors don't need to do extraordinary things to get extraordinary results, and that's true when it comes to exchange-traded fund (ETF) investing. With that in mind, here's how I would construct a portfolio of just five ETFs that could build tremend
A global stock rally, powered by hopes of central banks ending aggressive rate rises, ran into roadblocks on Friday following weak earnings from U.S. tech giants and as U.S. jobs data loomed.
Warren Buffett beat the market (again) in 2022. However, he didn't get any help from Amazon (NASDAQ: AMZN). Shares of the e-commerce and cloud-hosting giant plunged nearly 50% last year.
For the quarter ended December 2022, Amazon (AMZN) reported revenue of $149.2 billion, up 8.6% over the same period last year. EPS came in at $0.21, compared to $1.39 in the year-ago quarter.
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