News with tag Amazon — GlobalNY.biz

Nvidia Earnings Boost Big Tech Stock Market Dominance

Business 27 May 2024 8590

Nvidia and the Magnificent 7 Nvidia's exceptional earnings marked the conclusion of another notable reporting season for the "Magnificent 7" tech stocks, highlighting their significant influence over this year's remarkable market rally. In the firs...

UPS to Become U.S. Postal Service's Main Air Cargo Provider, Ousting FedEx

Business 1 April 2024 4771

Logistics Disruption The landscape of air cargo logistics is shifting as United Parcel Service (UPS) steps into the role of primary air cargo provider for the United States Postal Service (USPS), marking the end of a longstanding partnership between...

Neil Young Returns to Spotify After 2-Year Joe Rogan Controversy

Culture 13 March 2024 6975

Spotify Reverb After a hiatus of over two years, Neil Young is making a notable return to Spotify, marking a significant shift in his stance on streaming platforms. His decision, however, is not without its complexities. Previously, Young had deman...

Massive Company Stock Sell-Off: Bezos, Black, Dimon, Walton Family Cash Out $11 Billion

Business 28 February 2024 5875

Inside the Billionaire Exodus As the market scales dizzying heights, a wave of high-profile figures is seizing the opportunity to offload hefty chunks of their company shares. From tech titans to financial moguls, the sell-off frenzy is hitting head...

UPS Cuts 12,000 Jobs, CEO Tomé Aims for $1B Savings Amid Shipping Slump

Business 31 January 2024 5146

UPS Plunges United Parcel Service (UPS) recently announced a substantial workforce reduction in response to declining package volumes worldwide. CEO Carol Tomé highlighted this move during an earnings call, aiming to tackle financial challeng...

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Arm, SoftBank's Chip Designer, Initiates High-Profile IPO Filing

Business 22 August 2023 4807

Unleashing AI Potential In a strategic move reflecting the AI computing trend, SoftBank's Arm is gearing up for a substantial US initial public offering (IPO). Leading financial institutions, including Barclays, Goldman Sachs, JPMorgan Chase, and M...

Tech Giants Apple and Amazon Earnings Await: Wall Street Braces for Explosive Week Ahead

Business 31 July 2023 6945

Major Stock Moves Witness Monday's rising stock futures following the S&P 500's impressive month of gains. Stay tuned as Wall Street focuses on earnings from tech giants Apple and Amazon.com, along with the highly anticipated monthly U.S. jobs repor...

Oracle's Cloud Revenue Soars by 45% But Fails to Meet Expectations - Shares Drop in Extended Trading

Business 10 March 2023 3967

Oracle report and shares Oracle Corp. has reported its fiscal third-quarter revenue, which increased by 18% to $12.4 billion, a figure that is just shy of analysts' average estimate of $12.41 billion. The company's cloud revenue segment, which it h...

Dell to lay off 6,650 employees

Business 6 February 2023 16251

DELL staffing Dell, one of the world's largest computer makers, has announced planned layoffs of 6,650 people due to a slump in demand for personal computers. It was announced by Bloomberg on Monday. According to its data, the company's staff will ...

Big technology companies to spend more than $10bn on staff cuts

Business 3 February 2023 4403

Staffing at major tech companies Amazon, Meta, Alphabet and Microsoft will collectively spend more than $10bn due to massive layoffs and other austerity measures. The Financial Times reported this on Friday, citing earnings reports. It said the com...

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Nasdaq index in January the best dynamics since 2001

Economy 1 February 2023 6599

The best January since 2001 At the end of January the Nasdaq Composite stock index, consisting of shares of high-tech companies, rose by 11%, which was the best dynamics for this period since 2001. Analysts consider several factors as the reason fo...

Investors made $15 billion on Tesla shares plunge

Business 25 December 2022 7011

Tesla shares Downside investors have made $15bn since the start of the year on Tesla's plunge, according to MarketWatch. New research shows that downside sellers have made $15 billion this year by betting that Tesla stock will fall as about $800 bi...

US stock indices rise in trading on Monday

Business 24 October 2022 3789

Company stocks on Monday The US stock market rose steadily on Monday. Thus, the Dow Jones Industrial Average was up 414.01 points (1.33%) at 31496.57 points by 2:55 p.m. East Time on Monday. The Standard and Poor's 500 rose 36.70 points (0.98%) to ...

A Bloomberg journalist says that Apple is developing an unusual accessory for the iPad

Business 16 October 2022 3940

Insider about the new iPad Apple is developing an unusual accessory for its iPad tablets that will be unveiled "as early as 2023". This is reported by a well-known insider and Bloomberg correspondent. According to the correspondent, Apple is consid...

US stock market closes lower: Key indices down

Business 30 April 2022 3885

After Friday trading The US stock market ended Friday's trading with decline amid negative dynamics from consumer services, telecommunications and technology sectors. On the New York Stock Exchange the Dow Jones fell 2.77% to a one-month low, the S...

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Amazon closes deal to buy Metro-Goldwyn-Mayer for $8.5bn

Business 17 March 2022 3676

A deal between the companies US corporation Amazon has closed a deal to acquire film company Metro-Goldwyn-Mayer for $8.5 billion. This was reported by Bloomberg on Thursday. According to it, the merger became possible after the EU antitrust regula...

US exchanges open with major indices down 0.3-0.4%

Business 1 March 2022 4153

Stock market on Tuesday Key indices on the New York Stock Exchange fell by 0.3-0.4 percent at the beginning of Tuesday's trading session amid the situation around Ukraine. According to data posted on the trading site's website, the Dow Jones Indust...

Report from Walmart: the company's earnings and shares

Business 18 February 2022 3823

Retailer's report Walmart (WMT) shares on Thursday posted their biggest daily gain since 1 September 2020. Shares in the company, well behind market growth in 2021 but showing a smaller decline since the start of 2022, jumped 4% on Thursday after r...

Audioboom shares up 23% on news of interest from Spotify and Amazon

Business 14 February 2022 3676

Audioboom shares Shares in British podcast platform Audioboom are up more than 20 percent, reaching their highest since listing in December 2005, Bloomberg reported. Audioboom Group shares on the London Stock Exchange on Monday morning were worth &...

Market today: Dow Jones rises

Business 8 February 2022 4616

US stock indices on Tuesday The S&P 500 and Nasdaq Composite oscillated between losses and gains, while the Dow Jones Industrial Average jumped, led by Amgen, after the biotech giant announced a $6 billion share buyback. In news of the shakeout, Pe...