Amazon Stock Price Forecast Ahead of Q4 Earnings
The Amazon (AMZN) stock price has bounced back in the past two days as investors wait for the company’s quarterly results. The stock is trading at $3,023, which is about…
Amazon Q3 Earnings Analysis Preview: Stock Price Forecast
Amazon stock up 4% year to date ahead of the Q3 report.Q3 Earnings and revenue are expected to be above estimates?Focus on supply chain issues on the ability to fulfill…
EU Watchdog Fines Amazon a Record $888 Million Over Privacy Breaches
(Bloomberg) The European Union has slapped Amazon with a record 746 million euro or $888 million fine for violation of the block’s data protection rules. In a July 16 decision,…
Amazon Sales Miss Estimates, But Profits Climb YoY To $7.8 Billion
E-commerce giant Amazon Inc. saw its second quarter sales rise to $113.1 billion, lower than the estimated $115.4 billion. The sales were still 27% higher than the $88.9 billion reported…
Amazon Q2 Earnings Analysis Preview: What To Expect
Q2 earnings and revenues expected to top estimatesPrime subscriptions on the spotlightFocus on growth on Amazon Web ServiceSmart devices portfolio growth Amazon.com, Inc. (NASDAQ: AMZN) will report its second-quarter results on…
Jeff Bezos to Travel to Space Via Amazon’s Blue Origin Next Month
(WSJ) Jeff Bezos has hinted at boarding the first flight into space next month via Amazon’s space-travel company, Blue Origin. The space flight launch will occur on July 20 from…
E-commerce Giant Amazon Pushes for Marijuana Legalization
Amazon is pushing for federal legalization of marijuana and will not test its workers on the drug, according to Marijuana Moment. The e-commerce giant will also lobby for marijuana use…
Amazon to Acquire MGM for $8.45 Billion
Amazon has agreed to buy MGM for $8.45 billion, according to press release. The e-commerce giant will capitalize on MGM’s IP collections in film to exploit new opportunities in quality…
Amazon Faces Antitrust Lawsuit over Pricing Policy on its Marketplace
The District of Columbia has launched an antitrust lawsuit against Amazon over its treatment of sellers, according to the Wall Street Journal. The e-commerce giant is accused of blocking its…
Bezos Continues Amazon’s Share Sale with Another $1.7 Billion Worth of the Stock
Jeff Bezos has sold 521,936 Amazon shares at a cost of $1.7 billion according to Bloomberg. The sale now brings the total share sale for the month to $6.7 billion.…
Amazon Wins $300 Million Tax Case Against the European Commission
The EU general court found Amazon had no illegal tax advantage in Luxembourg as claimed by the European Commission, according to CNBC. The ruling shields the U.S e-commerce giant from…
JEDI Cloud Project Hangs in Balance as Amazon Fight Contract Award to Microsoft
US Pentagon officials plan to discontinue the JEDI cloud-computing project, which is still in court, according to The Wall Street Journal. The project has stalled since 2019 following Amazon’s court…