Royal Mail needs to hike dividend above market forecasts to support shares, says RBC
RBC downgraded the stock to ‘underperform’ from ‘sector perform’ but raised its target price to 500p from 465p.
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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Citi flags uncertainty for Facebook despite Zuckerberg’s competent testimony
Analysts say concerns remain as the regulatory overhang has not dissipated
Tesco: The road to redemption
Tesco was in a mess when Dave Lewis came in three-and-a-half years ago, but the former Unilever man has dragged the retailer through the recovery process and the turnaround looks almost complete
Archive
Central banks may need to rethink policies to reflect impact of new technologies, says Barclays
Technological innovations and artificial intelligence have hit wage growth and inflation but major economies are continuing to create jobs
Archive
US benchmarks make strong finish as tech sector rebounds
A look at the Wall Street and Canada markets as the Wednesday session continues
Walmart goes head-to head with Amazon, looks to scoop up PillPack
The big box retail is likely to clash with Amazon in pursuit of online pharmacy startup PillPack
Dow Jones posts triple digit gain and tech stocks rebound
The Nasdaq index on Wall Street added over 71 points to close at 6,941.
Zuckerberg vs Cook: Fur flies over Facebook’s privacy scandal
Mark Zuckerberg battles increasingly loud calls for his resignation and defends himself and his company from numerous quarters, including Apple CEO Tim Cook
Archive
SORL Auto Parts Inc, Amazon.com Inc, Tesla and more - Monday's movers
A look at some notable movers in New York trade Monday
Investments and investor services
FTSE 100 closes in red as traders still jittery about macro issues
The pound is up 0.36% against the Euro at the time of writing, while it is up 0.07% against the US dollar
Nasdaq plunges 193 points as US benchmarks close lower
A look at the US and Canadian markets as the day progresses.
‘Ignore Trump’s tax dreams, Amazon is a long-term buy,’ says Stifel
Amazon shares have taken a hit today after an online article suggested Donald Trump wants to clamp down on its taxes, but Stifel’s Scott Devitt has hit back with a bullish ‘buy’ note
Wall Street shares finish higher on last trading day of quarter
Facebook shares bounce back 4.4% after a tough week
US stocks finish lower as tech sector weighs
A look at US and Canadian markets as the day progresses
Dow Jones surges 670 points as buyers come back to Wall Street
A look at the New York and Toronto markets as the session progresses on Monday
Oracle under the cosh as it posts quarterly loss and disappointing revenues
Oracle swung to a net loss as it took a one-off US$6.9bn charge resulting from the US tax reforms
Facebook faces investigation into alleged data breach by Trump consulting firm
Facebook has banned Cambridge Analytica from its platform while it investigates the claims
Amazon's Tokyo offices raided again by Japanese anti-trust officials
The Japanese Fair Trade Commission declined to comment on the raid and all Amazon said was that it is cooperating with the investigation
Walmart Inc takes on Amazon.com Inc as it unveils grocery delivery service across the US
The retailer is offering same-day three-hour delivery service and is targeting to reach more than 40% of US households by the end of the year
Relevium edges higher as it inks deal to sell hemp-based products in US
Hempco Food and Fiber make the PlanetHemp products and Relevium will start selling them in the US from next week
Jefferies hikes price target for Amazon.com to US$1,850 from US$1,750, predicts strong ad business growth
The US broker’s analysts predict the Nasdaq-listed company's advertising business could grow by more than 40% annually through 2022 to reach US$22bn
Solid Q2 from Costco, but investors need more convincing in wake of underwhelming Walmart and Target numbers
Shares are down slightly in pre-market, even though the grocery chain reported a jump in second-quarter sales and beat expectations on its earnings
Amazon.com expands offer of sharply discounted Prime membership to Medicaid recipients
Slashing monthly fee by 54% looks to create another tie between online giant and low-income customers
Amazon continues expansion of Whole Foods grocery deliveries
Amazon has launched the service in seven cities in recent weeks
Wage hikes offset higher traffic as Target posts fourth-quarter earnings miss
Earnings might have missed Street expectations, but it was a fairly robust holiday period for the big-box retailer, which topped forecasts with revenues and same-store sales growth
Amazon reportedly in talks with JPMorgan Chase, Capital One to create checking-type account
The account would be aimed at younger customers and those without bank accounts, according to The Wall Street Journal.
Investments and investor services
Clearside Biomedical, Qualcomm, Broadcom, Amazon.com, Arcus Biosciences, Bridgewater Bancshares - PRE-OPEN
The market was expected to open lower on Monday but Clearside Biomedical should provide some cheer after unveiling positive topline results from a pivotal phase 3 clinical study
J.C. Penney feels the Amazon effect as fourth quarter sales miss forecasts
The department store chain plans to cut about 230 jobs in an effort to cut costs
Amazon's acquisition of Ring welcomed by analysts
Amazon could add its new keyless entry technology into Ring’s video doorbell products, Credit Suisse suggested
United and Delta become latest businesses to cut ties with NRA
The airlines are the latest, and arguably the biggest, companies to bring to an end to their partnerships with the NRA in the wake of last week’s Florida school shooting
Amazon.com shares top US$1,500 for second time in two days
Shares in the Nasdaq listed e-commerce giant have gained 74% in the last 12 months, driven primarily by excitement around the company’s competitive advantage and its push into new categories
Dish Network’s fourth-quarter profit jumps thanks to one-off gain from US tax changes
The US$1.2bn one-time bonus can’t hide the fact that more and more consumers are heading away from traditional pay-TV packages towards online streaming services
Albertsons to buy the rest of Rite Aid that isn't going to Walgreens
Albertson and Rite Aid are together valued at around US$24bn, including debt
Wal-Mart’s Q4 earnings miss overshadows progress made in fight against Amazon
The big-box retailer has been steadily strengthening its online presence as it looks to ward off the threat posed by Amazon, and e-commerce sales jumped more than 40% last year
Rite Aid, Home Depot, Walmart and Domino's Pizza - PRE-MARKET
Proactive takes a look at the market ahead of the New York bell
Amazon to cut ‘hundreds of jobs’ as it shifts resources to Alexa and other fast-growing businesses
The cuts are a sharp contrast to Amazon’s aggressive hiring policy in recent years
Investments and investor services
Volatile day ends with blue-chips on the up (but down on the week)
In the time it takes to read this report, the market will likely have changed direction again
Amazon to launch business delivery service to rival FedEx and UPS
FedEx and UPS shares fell sharply on news it faces a threat from Amazon
Amazon settles tax dispute with French authorities
The French government had demanded nearly €200mln from Amazon in undeclared taxes and penalties
Investments and investor services
Apple, Amazon, Alphabet, Biomerica - AFTER HOURS
Some of the biggest names in the technology sector reported last night, with mixed results.
BT's costs could balloon if Amazon enters race for Premier League rights auction
Amazon and Netflix are rumoured to be taking part in the next bidding round for the rights to broadcast the Premier League
Amazon shares surge as it beats estimates and ad revenue grows 60% in latest quarter
Net income was US$1.9bn, more than double from the same period last year
FTSE 100 slides as dollar rallies on expectations of a March rate hike by the Fed
US workers' pay increased 2.9% year-on-year, compared to expectations of a 2.6% increase.
Analysts see strong holiday demand for Amazon ahead of fourth quarter numbers
Proactive takes a look at Amazon ahead of the fourth quarter results later
Dow Jones registers biggest loss in eight months as benchmarks plunge
US stocks closed sharply lower on Tuesday with the Dow Jones tanking 362 pts
Amazon, Berkshire Hathaway and JPMorgan to form healthcare company for employees
“The ballooning costs of healthcare act as a hungry tapeworm on the American economy,” said Warren Buffett
FTSE 100 finishes sharply lower as financial stocks weigh
FTSE 100, which has been hitting record highs over the past weeks, hit a five week low
Amazon earnings preview: Revenue lifted by strong holiday sales and Whole Foods
“Margin expansion will likely be tempered somewhat by increased spending, while nonetheless leaving significant room for earnings growth," said Wedbush
FTSE 100 closes higher, just, with miners in support
The FTSE 100, dragged higher by the miners, got off to a strong start today, but closed juts about six points higher
Starbucks, Wal-Mart, American Airlines and Intel - AFTER HOURS
Strong results from "Chipzilla" - Intel, if you prefer - but an insipid serving from Starbucks.
Strong demand for its high-speed internet helps Comcast beat Wall Street estimates with fourth quarter results
The addition of 350,000 new high-speed internet customers and a solid performance from the theme parks business more than offset a fall in video subscribers
Hardware & electrical equipment
Apple announces launch date of HomePod smart speaker after delay
The HomePod will be available in the US, UK and Australia from February 9
S&P 500 and Nasdaq reach fresh records; Netflix surges
Netflix was the; story of the day after its results, but benchmarks closed mixed
Amazon opens first check-out free grocery store in the US
The Amazon Go store could prompt a major upheaval of bricks-and-mortar retail
Royal Mail trading update falls flat amid tough competition and declining letter volumes
Royal Mail's revenues rose 2% in the nine months to December 24 but shares fell as investors took profits
Royal Mail's European parcel business continues to drive revenue growth
Royal Mail reported a better-than-expected decline in letter volumes for the period
Amazon shares boosted by double analyst upgrade
Oppenheimer analysts moved their price target up to US$1,450 on the back of a favourable macroeconomic backdrop, while BMO hiked their target to US$1,600 due to the potential of Amazon’s ad business
Google to expand network of undersea cables to speed up cloud computing business
Google is playing catch up to rivals Amazon and Microsoft in the multibillion-dollar cloud computing market
First week of 2018 characterised by succession of new closing highs
After a slow start, stocks picked up the pace, with the Dow enjoying its best week since the first week of last month
Oracle's depressed valuation creates opportunity to buy shares, says Morgan Stanley
Morgan Stanley raised its target price on Oracle to US$57 per share from US$50
Oracle shares drop as reports emerge that Amazon and Salesforce may be dropping its technology
Amazon is increasingly moving into more enterprise software through its Amazon Web Services segment
Amazon takes bigger share of holiday online retail sales thanks to Prime, says analyst
Prime membership growth has given Amazon's sales a boost in a competitive retail environment, said GBH
Amazon.com says enjoyed strong holiday season, with Prime membership levels rising
The online retail giant said that in one week during the holiday period, more than four million people either began trial memberships of Amazon Prime or started paid memberships
Amazon could face probe by UK advertising watchdog over late delivery complaints
The Advertising Standards Authority is considering whether to launch a formal inquiry into Amazon
Oracle shares drop after quarterly cloud sales miss expectations
Oracle has been playing catch up with market leaders in cloud computing including Amazon and Microsoft
United Natural Foods shares ease after failing to excite market with higher than expected first quarter sales
Sales in the quarter rose by 8% to US$2.46bn, against market consensus for US$2.39bn in sales
Amazon rolls out unlimited music streaming service to 28 new markets
Amazon has become a rival to Spotify and Apple Music in music-streaming
Google pulls YouTube from Amazon devices as row between the tech giants escalates
Google will no longer support YouTube on Amazon's Echo Show and Fire TV
Walt Disney said to be nearing deal to buy 21st Century Fox assets
Comcast is also believed to be in negotiations with Fox
Amazon launches in Australia but many consumers underwhelmed by pricing
Australia presents a challenge for Amazon given its sheer land size and low population density
21st Century Fox 'restarts talks' with Walt Disney to sell most of business, including Sky
A potential deal would end Fox’s pursuit to buy the rest of the stake in Sky that it does not already own.
CVS Health to buy Aetna for US$69bn amid rumours Amazon will move into pharmaceuticals
The merger is seen as a defensive move by some, amid reports Amazon is to enter into the pharmacy sector
Blue Apron co-founder Matt Salzberg steps down as chief executive
Blue Apron has started the search for a new chief financial officer
Amazon said to be exploring the possibility of entering pharmaceuticals
The e-commerce giant has held conversations with Mylan and Sandoz, a unit of Novartis, according to a report
Hardware & electrical equipment
Apple, Amazon, Facebook and Alphabet rebound after broad sell-off of US tech stocks
The Nasdaq posted its biggest one-day drop in more than three months on Wednesday
Amazon expected to take biggest chunk of record Cyber Monday sales in US
Amazon is estimated to have a 42% share of all online sales
Amazon shares higher on Cyber Monday as Jeff Bezos's worth surpasses US$100bn
It comes as founder Jeff Bezos has become the second man to amass a personal fortune of more than US$100bn
Amazon uses Black Friday and Cyber Monday to attract customers to cashless bookstores
Amazon is expected to capture half of the e-commerce holiday spending growth
Black Friday sales surge in US as Amazon, Target, Wal-Mart extend deals
Retailers have been extending sales across the week to maximise hype and boost sales
US stock indices close on another high as retailers cash in on Black Friday
Nasdaq and S&P 500 hit record highs in a shortened trading day ....
Amazon and eBay to become jointly liable with sellers in online VAT fraud crackdown
The government is taking further action to prevent VAT fraud by making all online marketplaces responsible for policing their own websites.
I Synergy Group posts October operating stats showing growth
The company's flagship affiliate marketing platform has transacted $1.35 million.
US stocks close slightly higher on leading October indicators
US benchmarks kick off slightly higher ahead of Thanksgiving holiday
BEFORE THE BELL: Bitcoin, Amazon.com Inc, Ali Baba Group Holding Ltd, Wal Mart Stores Inc
Round-up of the day's news out before the start of trading in New York
Nasdaq reaches a new record high as Wall Street soars and Wal-Mart cheers
US stocks are powering higher on Thursday as the 'risk-on' sentiment returns
Investments and investor services
FTSE 100 joins global sell-off to close lower
Data out yesterday suggested Chinese industrial production growth is starting to slow, which is bad news for miners, but Fresnillo topped Footsie today
Amazon sells part of Chinese cloud computing business
According to press reports, Amazon is only selling ‘certain physical assets’ and the deal will allow Sinnet to better comply with Chinese laws.
Amazon.com could reach US$1trn valuation in next year, says Morgan Stanley
The company reckons it may reach the US$1trn market cap in the next year, as it repeated an 'overweight' stance.
J C Penney taken to the cleaners after a profit warning
J C Penney lowered profits guidance as it is attempting to shift a surfeit of inventory
Super Thursday brings good news for many of tech’s biggest names, including Amazon, Microsoft and Alphabet
In the busiest day of tech earnings this year, Super Thursday didn’t disappoint Amazon, Microsoft or Alphabet investors, although it wasn’t the case for Expedia shareholders…
Amazon soars as third-quarter sales jump; bullish on holiday season outlook
Amazon saw sales grow 34% to US$43.7bn in the three months to September 30, ahead of both its own forecast and that of Wall Street, where analysts had been looking for US$42.1bn
FTSE 100 ends the week on a firm note
The blue-chip index finished the day above the 7,500 level
Dow Jones and S&P 500 close higher; Amazon surges after bell on big earnings beat
Amazon shares raced up after the bell in New York after Wall Street closed mainly higher
PREVIEW - Will Amazon and Alphabet continue tech rally on 'Super Thursday'?
Unveiling quarterly numbers today are Amazon (NASDAQ:AMZN), Twitter (NYSE:TWTR), Alphabet (NASDAQ:GOOGL) and Microsoft (NASDAQ:MSFT).
Amazon targets home security market with smart key and cloud cam launch
Like most of the group’s brands Amazon Key and Cloud Cam are designed to be embedded with the rest of the Amazon suite of products.
Amazon suspends studio boss over sexual harassment allegations
Isa Hackett – one of the producers on The Man in the High Castle – alleged that Roy Price repeatedly propositioned her on the way to and during an Amazon party back in July 2015
Amazon tipped to grow private label brands into billion dollar business
Nowak reckons that growth of private label to 5% of retail sales by 2019 it would add US$1bn of gross profit.
Shopify, Amazon.com, Inovio Pharmaceuticals and more- PRE-MARKET
We take a look at what's moving the dial in pre-market deals in New York
United Parcel Service, FedEx shares weak on report Amazon.com is testing new delivery service
A Bloomberg report, which cited people familiar with the plan, said Amazon is looking to make more products available for free two-day delivery and to relieve overcrowding in its warehouses
Hardware & electrical equipment
Apple and Amazon in crosshairs as Europe fires shots over tax deals
Apple and Amazon were both in the headlines in Europe amid scrutiny over separate tax arrangements with states within the European Union.