Amazon.com said to be looking to launch UK insurance price comparison website
The US online retail giant is understood to have been sounding out some of Europe’s top insurance firms
Company
Amazon.com Inc
NASDAQ:AMZN
Amazon.com Inc provides a range of products and services to customers. The products offered through its stores include merchandise and content that it purchased for resale and products offered by third-party sellers. The company manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo and Ring, and it develops and produces media content.
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Investments and investor services
GrowGeneration is fertile ground for investors looking to cultivate their cannabis portfolio without risk
The company has enough funding to execute its growth and acquisition model through the third and fourth quarters of 2018
Hardware & electrical equipment
FAANG Report: Apple probed in Japan for anti-competitive behavior; Facebook's Instagram hacked
Netflix shares are lower, while an Instagram hack isn't helping shares of parent Facebook either
Warren Buffett's Berkshire Hathaway loads up on Apple, Teva Pharmaceuticals, Goldman Sachs
The bet on Apple has certainly paid off as shares in the iPhone maker have surged over 23% this year
Hardware & electrical equipment
ROBO Global captures the high-octane growth of robotics and artificial intelligence
Investors can buy directly into the popular ROBO ETF based on the benchmark index comprised of 87 top robotics, automation and AI companies.
Amazon.com to launch medical clinic for employees at its main Seattle office, says CNBC
Amazon is set to bring in doctors to take charge of in-office clinics
Carl Icahn urges Cigna shareholders to vote against ‘ridiculous’ Cigna-Express Scripts deal
The activist investor sent a rousing open letter exhorting Cigna shareholders to vote against the US$54bn planned buyout of the St Louis pharmacy-benefit manager
Stifel gives Facebook shares a Like, adding the social network to its ‘Select List’
Facebook will replace Amazon's spot on the list given the strong run-up in its shares, though Stifel remains Buy-rated on the Seattle online retail giant
Hardware & electrical equipment
Tesla CEO Elon Musk tweets out Hitler parody aimed at stock's short-sellers
In a doctored YouTube version of the movie "Downfall", Hitler is a fund manager who is caught shorting Tesla stock
Amazon.com Inc. saw its 2017 UK corporation tax bill almost halved despite a near-trebling of profits
In its annual financial filing to Companies House, Amazon said last year it paid only £1.7mln in tax on its profits, having received a credit of £1.3mln from the UK authorities in 2016
Shares in Sonos soar, brings music to the ears of investors after successful IPO
The wireless speaker company now runs the risk of increased competition from tech giants that might decide to make their own speakers and dump Sonos
Symantec Corp shares on the slide as its outlook misses estimates, while CBS shares also under pressure: PRE-MARKET MOVERS
The share drop came as the cybersecurity focused firm's outlook fell short of Wall Street estimates
Hardware & electrical equipment
Apple beats Amazon in race to a $1 trillion market cap
The tech titan is the first publicly traded company to reach the milestone market valuation
Sonos prices below its guidance in its IPO but its new bell sound will leave its mark on the Nasdaq
The smart speaker company has redesigned the sound of the Nasdaq's opening and closing bell
IPO Roundup: Cushman & Wakefield could raise up to US$855mln in its IPO, plans to pay down debt
The real estate giant is carrying about US$3.1bn in debt with a US$460.4mln second lien loan to repay by 2022
BT Sports loses more broadcast rights after withdrawing from negotiations to show NBA basketball and UFC fights
The news follows BT Sport's failure to secure the rights to broadcast Italian Serie A football matches after BT lost a bidding war to Eleven Sports earlier this month
Amazon in prime position among Wall Street analysts after stellar 2Q earnings performance
Goldman Sachs, Wedbush and UBS analysts raise price targets on the e-tailer after smashing profit expectations
FTSE 100 closes higher, boosted by earnings and weaker pound
In London, FTSE 100 added over 38 points to finish at 7,701 - that was up on the week too, marginally - by 0.29%.
Amazon crushes 2Q analyst earnings estimates but falls short on revenue
The e-commerce giant reported earnings of US$5.07 per share, more than double the estimated US$2.50 EPS
iRobot, maker of the Roomba, beats second-quarter estimates and raises outlook
The consumer electronics company raised its full-year guidance
High-end speaker company Sonos sets terms of its IPO, could raise more than US$250mln
The consumer electronics company sells wireless speakers ranging from US$199 to US$699
Archive
FTSE 100 starts week by ending lower as geopolitical woes hit sentiment...again
In London, FTSE 100 shed 23 points to 7,655, while FTSE 250 shed over 155 points at 20,770
Hardware & electrical equipment
Apple versus Amazon.com: Which company will hit a market cap of US$1 trillion first?
Investors watched the market-cap battle between Amazon and Apple in full swing last week after Amazon's shares hit US$1,858.88
Hardware & electrical equipment
Amazon.com reportedly squashes rumor it's looking to sell its own network switches
Shares in Cisco Systems took a beating after a report emerged that Amazon Web Services was considering selling its own network switches
Target holds its own version of Amazon’s Prime Day, driving traffic and sales to yearly highs
Savvy shoppers scooped up deals on Dyson vacuums and Instant Pot pressure cookers
Hardware & electrical equipment
IBM to sue Groupon over alleged e-commerce patent violations
The IT giant is arguing that Groupon has infringed its patent over e-commerce technologies that the coupon site had licensed to other large tech conglomerates
Hardware & electrical equipment
Amazon Web Services to provide cloud infrastructure to Twenty-First Century Fox
The media company has moved more than 30 million assets to Amazon's cloud services
Five reasons to buy or sell shares in Royal Mail
Many analysts have a 'sell' or 'hold' rating on Royal Mail as the outlook for the company remains unclear
Amazon's Prime Day marked by site outages, dogs
The shopping event—typically bigger for Amazon than Black Friday— had global outages but the stock set a new trading record, closing up 0.5% at US$1,822.49.
Hardware & electrical equipment
Amazon.com recovers from server crash on Prime Day
The homepage is generally available, but errors are coming up at checkout
Amazon’s Prime Day could rake in as much as US$3.4bn, says retail research firm
Shoppers can also take advantage of deals in-store at the newly acquired Whole Foods Market chain
BT loses rights to broadcast Italy’s Serie A football in wake of Ronaldo’s move to Juventus
Global sports broadcaster entrant Eleven Sports has dealt a blow to BT and Sky by securing the rights to Serie A and La Liga
Ocado benefits from Amazon's disruption in food retail
The growing threat of Amazon has led some supermarkets to recruit Ocado to develop their online grocery delivery service.
Amazon expands Prime Day making it epic with more than a million deals
The highly anticipated blockbuster annual shopping event now runs six hours longer
Tesco-Carrefour tie-up a 'direct response' to Sainsbury's-Asda merger, analysts say
Supermarkets have been tackling rising competition from discounters Aldi and Lidl and the growing threat of Amazon
Tesco and Carrefour announce strategic alliance to cut costs and prices
Tesco and Carrefour said the partnership will allow the companies to improve the quality and choice of products at lower prices
Amazon throws down the gauntlet by buying online pharmacy PillPack
The e-commerce giant’s bold push into the pharmacy business sent shares of Walgreens, CVS and Rite Aid tumbling
Amazon seeks extra help with deliveries, pushes into FedEx and UPS territory, says WSJ
The e-commerce giant is inviting smaller companies to lease its Amazon vans and take part in the last stage of deliveries
Amazon continues its expansion, announces plans to open distribution center in Charlotte
The North Carolina city was snubbed as the location for Amazon's second headquarters
Cinedigm shares surge following improved earnings results in its fourth quarter
The content distributor has deals with big-name retailers such as Walmart, Best Buy, Target and Amazon
Amazon to open a fulfillment center in Alabama, bringing 1,500 full-time jobs to the area
The retail titan recently opened its fourth fulfillment center in Michigan
Dixons Carphone future remains uncertain as Amazon effect takes over retail
"The scale of the challenges in front of Dixons means there’s more work to be done before profits start moving in the right direction again," said Hargreaves Lansdown
M&S should consider tie-up with Amazon, says former digital boss
"Ultimately working with the likes of Amazon is probably a good way to tackle the digital space," said former M&S global digital director Marcus East
Surgeon Atul Gawande tapped to lead health care joint venture set up by Amazon.com, JPMorgan and Berkshire Hathaway
Warren Buffett, Jeff Bezos and Jamie Dimon set up the JV to contain their employees' spiraling health care costs
Archive
Dixons Carphone to report slump in profits, Bank of England to stand pat on rates
Markets are pricing in a 3% chance that the Bank of England will raise interest rates, making it "about half as likely as England winning the World Cup", said Hargreaves Lansdown
Amazon to open an 850,000 square foot fulfillment center in Michigan
The e-commerce titan's new facility will employ more than 1,000 full-time workers
Hardware & electrical equipment
How long can tech companies support the market rise?
The US market's rise this year has been FAANGtastic but it might be papering over the cracks in the rest of the market
Trade wars, rate rises, profit warnings ... is it all about to kick-off?
Sooner or later the bull run will end but it has always been notoriously difficult to time the market; however, investors have more than a few reasons to feel nervous now
Hardware & electrical equipment
Apple inks content deal with Oprah Winfrey
The Silicon Valley tech giant has set its sights on Hollywood
Archive
Dixons Carphone has already had a kicking so investors will be hoping full-year numbers provide some relief
The Week Ahead also includes updates from blue chips Ashtead Group and Ferguson, plus mid-cap housebuilder Berkley Group, and the latest Bank of England interest rate decision
Sears expands its tire partnership with Amazon.com
Sears is expanding its partnership with Amazon to provide full-service tire installation to online customers
PRE-MARKET MOVERS: Envision Healthcare Corp shoots higher on KKR buyout deal, while Genworth Financial also surges
Also in play before the New York bell is Amazon.com. Inc and Rent-A-Center Inc
Facebook admits user data was shared with Chinese smartphone maker Huawei
U.S. officials have expressed concern that the Chinese government is able to receive information from Huawei's smartphones
US shares poised to go higher as Trump's China trade tactics bite
Yesterday, the tech stock heavy Nasdaq hit a record high for the second day..
Investments and investor services
Nasdaq hits record high for the second day, boosted by Netflix and Amazon
The S&P 500 welcomed Twitter to the index after replacing Monsanto
Hardware & electrical equipment
Microsoft acquires coding platform GitHub, scaring away some developers
Rival coding platform GitLab said it's seeing more users switching over to its service
Facebook responds after getting tangled up in another data-sharing scandal
Device makers were allegedly able to access users' friends' personal information
Wall Street seen reversing losses but traders fret over renewed US/China trade fears
In Europe today, equity markets made a mixed start through the trend is upward.
Netflix briefly overtakes Disney as the world's most valuable media company
During yesterday's trading session, Netflix's market value eclipsed Disney's market cap for a brief spell
Hardware & electrical equipment
Here's why some people think breaking up Google is just 'sour grapes'
Jerrick Media Holdings CEO Jeremy Frommer says it’s ‘illogical’ to suggest Google acts as a monopoly
SoftBank selling entire Flipkart stake to Walmart
Masayoshi Son’s Vision Fund cashes out surprisingly quickly after making a speedy profit in Flipkart
Kohl's Corporation shares dip despite beating 1Q fiscal first-quarter profit estimate
The retailer is reaping the benefits of last year's partnership with Amazon.com
Asda notches up fourth straight quarter of like-for-like sales growth ahead of Sainsbury’s merger
Excluding the impact of the long Easter weekend, Asda saw like-for-like sales rise 1%, an acceleration from the 0.5% rate of growth it enjoyed in the prior quarter
Walmart, J.C. Penny and Children's Place shares all tumble after earnings
Meanwhile, Dillard's shares jump on 1Q surprise and sales gains
Royal Mail's dividend yield may disappoint some investors, analyst suggests
Royal Mail's results showed "a series of small disappointments that mean they’re not quite the full package", according to Hargreaves Lansdown's Nicholas Hyett.
Daily CryptoCann Report: Amazon Web Services partners with blockchain start-up; NYC to change marijuana enforcement
Pharma company CV Sciences was a top gainer on the North American Marijuana Index after reporting its first-quarter earnings
Sears gathers special committee to review asset sales, including its Kenmore brand
The Kenmore brand, as well as home improvement products and parts-direct division may be up for sale
Amazon unveils Alexa-enabled smart homes in marketing plug
Customers can walk in and ask Alexa to control the television, lights, thermostats and shades at select Lennar model homes
Sears Auto Centers teams up with Amazon to provide full-service tire installation
Amazon's customers will select tires online and choose a Sears location, which will install them
Blink Charging shares shoot up 141% after reaching deal to provide Amazon.com's Whole Foods Market with electric vehicle charging stations
The charging stations will first be introduced at three Whole Foods locations in Pennsylvania
Amazon to transfer discounts on card fees to retailers
This switch underlines the way in which Amazon will forfeit the profitability of its payment system to increase its use
Former Asda exec says competition watchdog should block Sainsbury's merger
"Putting two low growth businesses together doesn’t create a high growth business," a former Asda executive said of the group's planned merger with Sainsbury's
Netflix shares take more heat from Greenlight Capital's David Einhorn
David Einhorn, head of the struggling hedge fund Greenlight Capital, publicly takes aim again at Netflix
Oath to use Amazon Web Services as its cloud provider
Oath's portfolio includes media brands like Yahoo Finance and Yahoo Sports
Sainsbury's confirms £15bn Asda merger and dismisses reports stores will close
Sainsbury’s expects its planned merger with Asda to generate £500mln in cost savings
Sainsbury's and Walmart-owned Asda in talks to create UK's biggest supermarket group.
In a statement on Saturday, Sainsbury’s confirmed it is in advanced discussions regarding a combination with Asda and said a further announcement would be made on Monday
U.S. benchmarks end the week flat, TMX exchange halts trading after technical issue
The Nasdaq ended the day flat after being dragged down by tech stocks
Amazon.com shares to open at record highs as analysts gush over e-commerce giant’s 1Q results
After the bell on Thursday, Amazon reported net sales of US$51.0bn and net income of US$3.27, comfortably beating forecasts of US$49.9bn and US$1.27
Investments and investor services
Mixed start expected ahead of GDP data as Amazon continues its quest to conquer the world
Tech giants old and new - namely Microsoft, Intel and Amazon - were tearing it up in pre-market trading after upbeat trading statements.
FTSE 100's dollar earners enjoy sterling's day of misery on the forex markets
The FTSE 100 index managed to finish just above 7,500, helped by sterling's dive on the foreign exchange markets
Amazon.com shares hit fresh all-time highs as 1Q results smash forecasts
Net sales at the ecommerce giant jumped to US$51.0bn, while net income more than doubled to US$3.27 a per share. Analysts had been looking for earnings of US$1.27 on sales of US$49.9bn.
eBay sinks as subdued outlook overshadows in-line 1Q revenue and profit
The ecommerce giant posted adjusted earnings of US$0.53 on revenue of US$2.6bn which was largely in-line with expectations, but it was slightly more cautious with its second-quarter sales outlook
Archive
Barclays joins forces with PayPal amid threat from Amazon and Apple
The partnership between Barclays and PayPal comes amid concerns about competition in the global payments industry from the likes of Amazon and Apple
Stifel upgrades Google parent Alphabet to Buy on earnings pullback
Analyst Scott Devitt raised his rating to Hold citing growth opportunities including cloud computing
Amazon.com unveils an Alexa that fields kids' questions
The retailer’s new Echo Dot kids edition caters to inquisitive children between the ages of 5 and 12
Amazon’s 1Q earnings tipped to beat expectations as Prime subscribers smash through 100mln mark
Analysts at Wedbush think their above-consensus forecasts could still be “overly conservative” given the impressive growth in Prime subscriptions last year
NYSE halts trading in Google parent Alphabet, Amazon and Booking Holdings
The exchange cites a ‘price scale code issue’ as it suspends trading for the rest of the day
Amazon reportedly considering tie-up with home shopping network Evine Live
The stage of take-over talks and any information about the pricing remain unclear
Google-owner Alphabet posts surge in first quarter profits as ad revenues grow
Alphabet's operating margin shrank in the first quarter as costs rose due to investments to keep pace with competitors like Amazon
Netflix to raise another US$1.5bn in debt as it dials up content spending
The video streaming giant plans to spend around US$8bn on content alone this year as it looks to get its subscriber base to a critical mass and fend off competition from Amazon and Hulu
Amazon's cloud platform to drive its margin growth in 1Q, says Wedbush analyst
Michael Pachter maintains a US$1,750 price target on its stock as well as an Outperform rating
Amazon's price target is raised to US$1,800 by Credit Suisse analyst
Stephen Ju is also keeping his outperform rating on Amazon's shares
Amazon announced 100 million Prime members, but analyst maintains Overweight rating
Its online retail segment could miss first-quarter estimates, according to Piper Jaffray
Amazon.com may report softer online retail sales in 1Q, analyst says
Web Services business may help cushion the slowdown in growth
Roku shares fall after Amazon and Best Buy smart TV partnership
Best Buy and Amazon are coming together to offer smart TVs with Fire TV built-in
Home Depot hires 1,000 tech workers to go mano-a-mano with Amazon
'The Amazon Effect' is prompting big-box retailers to pour money into their online operations
Amazon, Best Buy team up to sell smart TVs
Amazon says TVs will use company's Fire operating system
US benchmarks mixed at the close as IBM earnings dent Dow Jones
US indices closed mixed on Wednesday, The big story was IBM results, which came out on Tuesday and continued to weigh on the Dow Jones
UnitedHealthcare, pharmacy firms to benefit as Amazon shelves drug-selling plan, analyst says
Gupte also sees the news as positive for Cigna's deal to buy Express Scripts
Amazon.com unit abandons plan to sell pharmaceutical products, CNBC says
Amazon found it difficult to persuade hospitals to change the way they purchase products