Amazon founder Jeff Bezos is leaving Seattle, the city where he started the company in his garage in 1994, and relocating to Miami. Bezos made the announcement in an Instagram post, sharing a video of his early office space in the garage of his rented home in Bellevue, Washington. This garage was where Bezos launched…
Amazon Prime Video has acquired the rights to the highly successful film “Sound of Freedom” produced by Angel Studios. The film, led by Jim Caviezel, earned over $180 million at the domestic box office and nearly $250 million worldwide, surpassing major studio films like “The Flash” while being made on a budget of just $14.5…
Amazon is set to introduce a buy now, pay later checkout option for small business owners utilizing its online store. The partnership with Affirm will extend to Amazon Business, catering to companies. This move led to a more than 14% increase in Affirm shares. The service, offering loans ranging from $100 to $20,000, will be…
Former Major League Baseball player Alex Rodriguez has expressed regrets about not investing in the stock market during the 1990s dot-com boom. In an interview with CNBC Make It, Rodriguez revealed that he wishes he had purchased stocks of Seattle-based companies like Amazon, Microsoft, and Starbucks while he was playing for the Seattle Mariners in…
In the latest developments surrounding Amazon, investors and analysts have shared their reactions to the tech giant’s third-quarter results. Notably, Jim Cramer, a seasoned market analyst, closely examined the financial report released by Amazon on Thursday. The report revealed that the company is taking significant cost-cutting measures in 2023, resulting in the layoff of thousands…
Nvidia, the renowned chipmaker and leader in artificial intelligence (AI) technology, continues to receive support from its Big Tech counterparts. Microsoft, Alphabet, Meta Platforms (formerly known as Facebook), and Amazon, all major players in the tech industry, have recently announced their ongoing investments in AI advancements. This is great news for Nvidia, as these companies…
Intel, Dexcom, Stanley Black & Decker, Juniper Networks, Deckers Outdoor, Chipotle Mexican Grill, Enphase Energy, Amazon, Chevron, Ford Motor, and Capital One are the companies making headlines in midday trading. Starting with Intel, the chipmaker’s shares surged 9.6% after reporting better-than-expected third-quarter results. The company also provided a strong guidance for the current quarter, and…
Amazon, Intel, Ford, Chipotle Mexican Grill, Capital One, Dexcom, Deckers Outdoor, and Enphase Energy were among the companies that made headlines after the bell. Amazon’s shares remained relatively flat as the e-commerce giant issued fourth-quarter sales guidance ranging between $160 billion to $167 billion. This exceeded analysts’ predictions of $166.6 billion. Amazon had also surpassed…
Check out the companies making headlines before the bell. General Motors, the automaker, saw its shares rise by more than 1% in premarket trading after posting third-quarter earnings and revenue that exceeded analyst expectations. However, GM did withdraw its full-year outlook due to rising costs from the United Auto Workers union strikes. Despite Spotify’s third-quarter…
Stock futures rose on Sunday night as traders awaited the release of corporate earnings from major tech companies. Futures tied to the Dow Jones Industrial Average increased by 0.18%, while S&P 500 futures and Nasdaq 100 futures climbed by 0.23% and 0.15% respectively. These gains came after a challenging week for stocks, with concerns over…
