A New York state appeals court on Tuesday dismissed state Attorney General Letitia James' lawsuit against Amazon.com Inc over the online retailer's safety protocols for thousands of workers at two New York City facilities.
The share price of tech giant Amazon (NASDAQ: AMZN) is down more than 30% this year, which is far worse than the S&P 500's 13% decline. A key reason behind its underwhelming performance is that last month Amazon posted its first quarterly loss since 2015.
Wall Street's main indexes climbed on Tuesday, as investors bought beaten-down megacap growth stocks after a three-day sell-off on concerns over aggressive monetary tightening and slowing economic growth.
April was a tough month for growth investors; the bear market continued, challenging even the most optimistic investors. Many stocks are setting new lows for the year -- but where many see disaster, one can also see opportunity.
Wall Street's main indexes were set to open higher on Tuesday, with investors buying into beaten-down banks and megacap growth stocks after a three-day selloff on concerns around aggressive monetary tightening and slowing economic growth.
Affirm Holdings, Inc. AFRM is poised to beat on earnings for the third quarter of fiscal 2022, results of which are set to be released on May 12, after the closing bell.
Many e-commerce companies experienced big growth spurts during the pandemic as brick-and-mortar stores closed down. That acceleration coincided with a surging interest in growth stocks from retail investors, many of whom invested their stimulus checks in the market.
U.S. stock index futures climbed on Tuesday, with investors buying into beaten-down banks and megacap growth stocks after a three-day selloff on fears around tighter monetary policy and slowing economic growth.
In the first quarter, most of the FAANG companies delivered underwhelming financial results. Alphabet missed earnings estimates on the bottom line, Meta Platforms posted its slowest sales growth as a public company, Netflix lost subscribers for the first time in a decade, and Ama
IBM has set a new goal for propelling the legacy technology company ahead of its rivals: a quantum computer ready for commercial use, three years from now.
Consumers were increasingly turning to e-commerce before the coronavirus pandemic, but the trend was supercharged in 2021 when the global market grew to over $4.9 trillion. Similarly, global cloud infrastructure spending has skyrocketed, which will likely continue as adoption rat
One of the common themes throughout the pandemic was the shortage of labor. After an initial wave of layoffs, many stayed home and shunned opportunities to get back into the workforce for a variety of reasons.
The first third of 2022 has been an exceptionally rough one for investors of all stripes. The Dow Jones Industrial Average is more than 10% off the high water mark it set in January and it's the most buoyant of the major stock market indexes.
Half-dozen suppliers for major retailers like Walmart, Amazon.com and Target told Reuters that COVID-related ocean shipping snafus have exhausted the workarounds they'd use in the event that talks between 22,000 workers and employers at 29 West Coast ports hit an impasse after their contract expires on July 1.
HONG KONG (Reuters Breakingviews) - Beijing's paranoia is darkening the outlook for China's cloud sector. Alibaba, Tencent and others are vying to replicate Amazon's success in the People's Republic, where sales are booming. B
Microsoft Corp said on Monday that it would extend its abortion and gender affirming care services for employees in the United States to include travel expense assistance.
What happened
Shares of Ford Motor Company (NYSE: F) declined by 6% on Monday, following reports that the auto giant was selling some of its shares in Rivian Automotive (NASDAQ: RIVN).
Japan's SoftBank Group Corp is set to report a bruising loss at its Vision Fund investment unit on Thursday, analysts said, after investors sold off the high-growth stocks favoured by the fund with questions about their earnings potential.
Investors endured another round of selling in the stock market, piling on after last week's turbulent performance. For six months now, major market benchmarks like the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX