The reason for the rise in the company's shares
The share price of Palantir (PLTR) rose sharply after Tuesday's close after the company won a multi-year contract worth 823 million from the US Army. The Palantir Gotham platfo...
Black Friday from Amazon
Amazon has announced early Black Friday discounts and rebates.
Amazon customers can now find Black Friday-worthy deals and discounts across a wide range of product categories,&nb...
Share price breaks all records
Netflix (NFLX) shares are at record highs as investors have received a number of positive signals from the streaming giant. The latest upbeat news makes up for some disappointment from slowing user growth in the second...
Google partnership and semiconductor shortages
AMD's stock rose 2.54 percent after news that the company's new AMD EPYC processor has been adopted by Google's data centre. In addition, the company announced ambitious targets for energy efficiency, E...
New products from Amazon
Amazon (AMZN) on Tuesday unveiled a host of new consumer electronics gadgets, including a robotic pet, a home drone, an Amazon Glow projection gadget for children, a new Echo Show 15 display, which the company call...
US stock indices fell sharply on Tuesday
After 10-year treasury bond yields rose to 1.54%, which hit tech growth stocks the hardest. Uncertainty around the raising of the US government debt limit and the risk of a lockdown is causing further worries...
Struggling with AWS and Microsoft
Google's cloud platform will lower fees from software developers to expand its range of offerings to customers and better compete with Amazon AWS and Micro...
Employee shortage
Large corporations from Amazon to UPS have announced hiring in recent weeks a welcome sign for the labour market and the economy as a whole US employers added just 235,000 jobs in August, a surprisingly weak gain after two months o...
Oracle's report
Oracle (ORCL) shares fell 1.9 percent after the report as the company reported quarterly earnings below analysts' average expectations. Oracle continues to grow its cloud business by increasing inve...
Payment system from Amazon
Shares in major digital payments companies Square (SQ) and PayPal (PYPL) as well as Shopify (SHOP) fell sharply on Wednesday following news that Amazon (AMZN) is preparing to offer online and offline retailers its new paym...
Amazon's delivery business is close to becoming a separate enterprise
Amazon's logistics business has now grown to the size of a separate company that provides delivery services to other companies. Amazon is a growing competitive threat to FedEx and...
TV from Amazon
Amazon (AMZN) could start selling its own-brand TVs in the US, as it has already done in India, Business Insider reports. Amazon televisions could potentially have Alexa and Amazon's built-in subscription services.
E-commerce giant A...
Affirm & Amazon
Fintech newcomer Affirm (AFRM), a consumer lending company, on Friday announced a partnership with Amazon (AMZN). A limited number of Amazon customers will be able to make instalment payments of $50 or more th...
Rivian's IPO
Electric SUV maker Rivian on Friday said it had filed for an IPO with the SEC. The media report a potential market valuation of $80bn for Rivian. However, this valuat...
Stock sell-off
Softbank, the world-renowned Japanese investment bank, published its financial report for the quarter ended 30 June on Tuesday. In addition to lower profits, Softbank's report showed a sell-off in shares in Microsoft, Facebook, Alphab...
Alibaba shares fall
Chinese e-commerce giant Alibaba reported 1.18 billion active customers and increased its share buyback programme to a record $15 billion. However, the negative trends seen by investors outweighed and Alibaba ...
E-sales slowdown
Amazon's second-quarter earnings came in below analysts' estimates; the company's third-quarter forecast also disappointed Wall Street. E-sales growth slowed, not even the Prime Day sell-off helped.
The world's largest e-retailer A...
Revenue growth and forecasts
Microsoft reported stronger fourth fiscal quarter results than Wall Street expected on Tuesday. Component shortages for Xbox and Surface were offset by strong sales of Azure, software products and dig...
Swap for contract
Blue Origin and Amazon founder Jeff Bezos has offered to finance part of the US National Aeronautics and Space Administration's (NASA) budget deficit in exchange for a contract to develo...
Record update
Futures on the Nasdaq high-tech index hit an all-time high on Friday on the back of strong quarterly results from social media operators and in anticipation of US business activity...
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