With the New Year coming not only a long list of resolutions, but also a lot of new gadgets – and you’ll want to get your hands on them. We’ve got the scoop on the hottest tech items of 2022,…
Two traders pick their FAANG favorites ahead of earnings next week
The FAANG stocks are in for an eventful week. Every high-profile technology stock in the group except Netflix is set to report earnings in coming days. Alphabet will report on Tuesday, Apple and Facebook on Wednesday and Amazon on Thursday. Netflix’s post-earnings drop raised some concerns about how FAANG would fare…
Jeff Bezos to step down as CEO of Amazon, to be replaced by AWS chief Andy Jassy
Amazon (AMZN) said Tuesday that Jeff Bezos, the company’s founder and CEO, would be stepping down from his role in the third quarter of 2021. Bezos will be transitioning to executive chair of the company. Andy Jassy, who currently leads…
Amazon’s $0 corporate income tax bill last year, explained
Amazon’s founder is America’s richest person, but the company paid no corporate income tax last year. How can that be? For starters, Jeff Bezos is rich because of the value of Amazon stock, but for years, Wall Street loved the…
Jeff Bezos adds record $13bn to wealth in one day, $74bn this year
Jeff Bezos added $13 billion to his net worth on Monday, the largest single-day jump for an individual since the Bloomberg Billionaires Index was created in 2012. Amazon.com Inc shares surged 7.9%, the most since December 2018 on rising optimism…
Why Amazon is on the Verge of Absolutely Upending These 4 Markets Worth $220 Billion
There be no shelter from Amazon. The retail titan is rapidly expanding in so many directions that its front lines of competition are everywhere. Amazon is currently sending shockwaves through four different markets totaling $220 billion in value. Two of them are underway, one is…
Amazon debuts ‘Instant Pickup Points’ in the U.S. for pickups in minutes
Amazon’s latest physical retail foray is called “Instant Pickup,” and it works as the name implies: Amazon shoppers can pick up orders for certain items within two minutes of making their purchase. The program is live at five college campuses…
Tech’s Biggest CEOs Are Too Chickenshit to Defend Net Neutrality
Last week, the House Energy and Commerce Committee invited the CEOs of Netflix, Facebook, Amazon, and Google’s parent company Alphabet to take part in discussions about net neutrality. Telecoms were also invited and the two groups were expected to play good cop/bad…