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Google Thinking Of 2023 With Its Gaming Service Stadia As War With Fellow Tech Giants Heats Up
Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) subsidiary Google’s Director of Games Jack Buser said that the tech giant has 400 games under development for its Stadia service, The Verge
Benzinga · 40m ago
eBay's Seller-Poaching Allegations Against Amazon Get Dismissed By Arbitration Panel
A court-appointed arbitration panel has dismissed eBay Inc’s (NASDAQ: EBAY) lawsuits against Amazon Inc (NASDAQ: AMZN).
Benzinga · 55m ago
‘Big Brother’ Amazon Targeted in Fight With Ambani Over Retailer
A battle between Amazon.com Inc. and Reliance Industries Ltd. to dominate India’s $1 trillion consumer market is stoking nationalist rhetoric in a courtroom and outside, as the two companies tussle over the future of a distressed local retailer.
Bloomberg · 5h ago
Amazon Joins Feds on Anticounterfeit Strike Force
Amazon and IPR Center launch “Operation Fulfilled Action” to block fakes from entering the U.S.
WWD · 11h ago
Dell Reports Revenue That Tops Estimates on Robust PC Demand
(Bloomberg) -- Dell Technologies Inc. reported quarterly revenue that topped analysts’ estimates, in a sign of robust demand for the company’s personal computers during the pandemic-fueled work-from-home period.Sales climbed 2.8% to $23.5 billion in the period that ended Oct. 30, the Round Rock, Texas-based company said Tuesday in a statement. Analysts, on average, expected $21.9 billion, according to data compiled by Bloomberg. Profit, excluding some items, was $2.03 a share compared with analysts’ average estimate of $1.42.Chief Executive Officer Michael Dell has sought to modernize his namesake company by moving to a subscription-based business model. Dell Technologies is letting clients pay for software and hardware as they go rather than upfront, which will generate more predictable, recurring revenue. The company formed a pact with FedEx Corp. and Switch Inc. earlier this month to develop a U.S.-based private cloud network hosted in FexEx facilities, giving customers an alternative to corporate server farms and public cloud services from Amazon.com Inc. or Microsoft Corp.“We met unprecedented demand for remote work and learn solutions,” Chief Operating Officer Jeff Clarke said in the statement.Dell shares gained 3% in extended trading after closing at $70.33 in New York. The stock has increased 37% this year.Revenue from consumer PCs jumped 14% to $3.5 billion in the fiscal third quarter, the company said. PC sales to business and government clients increased 5.4% to $8.78 billion.Server and networking sales fell 1.8% to $4.16 billion, while storage hardware revenue declined 7% to $3.86 billion.Sales from VMware Inc., a software maker majority-owned by Dell, rose 8% to $2.89 billion. The publicly traded company offers software for data centers as well as programs that let employees access their corporate systems to work remotely. Dell is considering plans to spin off VMware, but won’t make a decision until after September 2021.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Bloomberg · 11h ago
Amazon Signing Bonuses Irk Workers Who Received $10 Coupons
Amazon.com Inc. is doling out hiring bonuses as high as $3,000 to make sure it has enough people to get through the holiday shopping season. That’s stoking resentment among existing workers who recently got coupons for Thanksgiving turkeys. Bloomberg's Jackie Davalos reports on "Bloomberg Markets: The Close." (Source: Bloomberg)
Bloomberg · 11h ago
AWS Announces General Availability of Amazon Managed Workflows for Apache Airflow
Amazon Managed Workflows for Apache Airflow makes it easy to author, schedule, and monitor data processing and machine learning workflows in the cloud
Business Wire · 11h ago
Cramer's Year-End Game Plan: Load Up On Digital Retailers
Consumers will spend the final few weeks of 2020 doing much of the same they always do: shopping for holiday gifts. As such, investors may want to consider "loading up" on retail stocks -- so long as they have a strong digital presence, according to Jim Cramer.
Benzinga · 14h ago
FedEx Stock, IBD Stock Of The Day, Breaks Out Ahead Of Holiday Surge
Investor's Business Daily · 14h ago
Is Amazon.com, Inc. (AMZN) A Good Stock To Buy According To Hedge Funds?
In this article we are going to use hedge fund sentiment as a tool and determine whether Amazon.com, Inc. (NASDAQ:AMZN) is a good investment right now. We like to analyze hedge fund sentiment before conducting days of in-depth research. We do so because hedge funds and other elite investors have numerous Ivy League graduates, expert […]
Insider Monkey · 14h ago
GoodRx Co-CEO on Amazon Pharmacy Business (Podcast)
Source: Bloomberg, 11:42
Bloomberg · 14h ago
Elon Musk is now the second richest man in the world, surpassing Bill Gates
Elon Musk is now the second richest man in the world. CNBC's Robert Frank breaks down the numbers and what it would take for Musk to pass Jeff Bezos, the richest person in the world.
CNBC.com · 15h ago
Macy's, Target, Gap and Best Buy are part of Zacks Earnings Preview
Macy's, Target, Gap and Best Buy are part of Zacks Earnings Preview
Zacks · 15h ago
Why this analyst says Etsy has an advantage over Amazon
Tom Forte, DA Davidson senior research analyst, joins 'Squawk Alley' to discuss the consumer technology names and retailers he's watching this holiday season. Amazon is dependent on the traditional supply chain, said Forte. So I think that when it comes to the holiday, Etsy's going to have a competitive advantage.
CNBC.com · 15h ago
Newell's Sunbeam recalls over 900,000 Crock-Pot multi-cookers due to burn hazard
Newell Brands Inc.'s undefined Sunbeam Products Inc. on Tuesday recalled its Crock-Pot 6-Quart Express Crock multi-cooker because of a burn hazard. The...
MarketWatch · 15h ago
Amazon teams with federal watchdog group for counterfeit inspections
Amazon ([[AMZN]] +0.4%) is partnering with the National Intellectual Property Rights Coordination Center, a Department of Homeland Security-led counterfeit watchdog group.Through the Operation Fulfilled Action initiative, the duo will "analyze data
Seekingalpha · 15h ago
What's New This Week In The EV Sector: 4 Major Updates
The EV world is filled with a lot of news and happenings, and that is without mentioning Tesla Inc (NASDAQ: TSLA). Elon Musk will not just sit down and let other producers take the wheel, but competitors are raising their bets as the EV race is about to intensify.
Benzinga · 16h ago
Amazon partners with government agency to inspect counterfeits
It marks the latest step in Amazon's efforts to stamp out counterfeits, which have been a persistent problem on the site.
CNBC.com · 16h ago
Amazon's (AMZN) New Features to Ensure Spoil-Free Holiday Season
Amazon (AMZN) rolls out 'spoiler-free' ways to track, pick up and have packages delivered during the holiday season amid the coronavirus crisis.
Zacks · 17h ago
16 Black Friday And Cyber Monday Stocks You Can't Miss
Thanksgiving Week kicks off the most intense portion of the holiday shopping season for retail stocks. There’s no question holiday season 2020 will be like none other, but some experts believe Americans will be buying big this week, and that could be very good news for retail stocks.
Benzinga · 17h ago
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About AMZN
Amazon.com, Inc. offers a range of products and services through its Websites. The Company's products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. It also manufactures and sells electronic devices. It operates through three segments: North America, International and Amazon Web Services (AWS). Its AWS products include analytics, Amazon Athena, Amazon CloudSearch, Amazon EMR, Amazon Elasticsearch Service, Amazon Kinesis, Amazon Managed Streaming for Apache Kafka, Amazon Redshift, Amazon QuickSight, AWS Data Pipeline, AWS Glue and AWS Lake Formation. AWS solutions include machine learning, analytics and data lakes, Internet of Things, serverless computing, containers, enterprise applications, and storage. In addition, the Company provides services, such as advertising. It also offers Amazon Prime, a membership program that includes free shipping, access to streaming of various movies and television (TV) episodes.
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