Amazon

Amazon Inc. (NASDAQ:AMZN) is set to join the Dow Jones Industrial Average (DJIA), a move that may not be as favorable for the company as it appears. What Happened: During CNBC’s Last Call, host Brian Sullivan expressed that Amazon replacing  Walgreens Boots Alliance Inc....

In a surprising career shift, former Disney Channel star Bridgit Mendler has ventured into the space industry by launching her satellite startup, Northwood Space. The company aims to revolutionize the way satellite data is transmitted to Earth. What Happened: Mendler, known for her roles in popular...

In a significant move, Amazon.com Inc. (NASDAQ:AMZN) founder, Jeff Bezos, has sold $2 billion worth of company shares. This marks his first major stock sale since 2021. What Happened: Bezos sold 12 million Amazon shares in multiple transactions on Wednesday and Thursday, netting the billionaire a...

Investors should not be overly concerned about the significant concentration of mega-cap tech stocks, according to a top strategist. What Happened: Brian Belski, the chief investment strategist at BMO Capital Markets, believes that the current market risk due to the dominance of mega-cap tech...

Amazon.com Inc (NASDAQ:AMZN) has announced that it will lay off hundreds of employees at its One Medical and Pharmacy units as part of a major cost-cutting initiative. What Happened: These layoffs are part of a significant cost-saving drive intending to save One...

  Shaquille O'Neal invested in the online community college initiative Campus, influenced by the wisdom of Jeff Bezos, the visionary behind Amazon, according to a report by CNBC. With a substantial backing of over $29 million from investors, including OpenAI CEO Sam Altman ...

Amazon (NASDAQ:AMZN) has hinted at the possibility of further layoffs despite its recent financial success. What Happened: Business Insider reported that during a call with journalists on Thursday, Amazon’s Chief Financial Officer Brian Olsavsky suggested that the company may continue with...

U.S. stocks were in the green at the end of trading on Thursday evening. The session was dominated by the earnings releases of major tech giants. The Dow Jones Industrial Average rose nearly 1% to 38,519.84, while the S&P 500 gained 1.25% to 4,906.19. The tech-heavy Nasdaq appreciated 1.3% and...

Major U.S. indices were mixed at the end of the trading day on Tuesday. The Dow Jones Industrial Average rose 0.35% to 38,467.31, while the S&P 500 inched downwards by 0.06% at 4,924.97. The Nasdaq was deeper in the red, dropping 0.76% to 15,509.90. These are the top stocks that gained the...

U.S. stocks ended in the green on Monday with the Dow Jones Industrial Average rising nearly 0.6% to 38,333.45. The S&P 500 was up 0.8% at 4,927.93 at the end of trading, while the Nasdaq edged up 1.1% to 15,628.04. These are the top stocks that gained the attention of retail traders and...

The world-renowned “Mona Lisa” painting in the Louvre Museum was the latest target of climate activists who splattered it with canned soup among weekend visitors. What Happened: The protest took place on Sunday when two women bypassed the protective barrier around the artwork and...

MacKenzie Scott, the former wife of Amazon.com Inc founder Jeff Bezos, offloaded a substantial portion of her Amazon holdings in 2023. The divestiture involved about 65.3 million shares, valued at a whopping $10 billion. Since her high-profile separation from Bezos in 2019, Scott has been...

In an internal all-hands meeting held on Wednesday, Audible, an Amazon.com Inc (NASDAQ:AMZN) unit, discussed potential future layoffs and the increasing competition from Spotify. This meeting reportedly comes two weeks after Audible reduced its workforce by 5%. What Happened: Audible CEO Bob...

An ETF that generated headlines in October 2022 is shutting down. The ETF gave investors a way to bet against investor and television personality Jim Cramer. Here are the details and why the decision to shut the fund was made. What Happened: First announced in October 2022, Tuttle Capital launched...

In a recent development, Amazon.com Inc (NASDAQ:AMZN) owned Ring has announced that it will no longer allow police departments to request doorbell camera footage from users. This decision marks the end of a controversial feature that has been under scrutiny by privacy advocates. What Happened: Ring...