Recent news about Amazon.com Inc (AMZN)

Amazon (NASDAQ: AMZN) stock was an outperformer on Thursday, rising almost 2% higher against the S&P 500 index's 0.6% gain. Although Amazon is known chiefly as a direct-to-your-door retailer, the real powerhouse of its business is its cloud computing service. With that in mind, investors were cheered that the company isn't mixing it up in a fight that seems to be brewing between Alphabet and Microsoft.

Amazon (NASDAQ: AMZN) has been in the news for the wrong reasons lately. The e-commerce and cloud computing giant's 2022 revenue increased just 9% to $514 billion, which was a substantial slowdown over 2021's full-year revenue growth of 22%. While it's clear there were justifications for downsizing its workforce, it was somewhat surprising that job cuts were even seen in the relatively fast-growing Amazon Web Services (AWS) cloud computing business.

Amazon (NASDAQ: AMZN) -- at one point the largest company in the world by market capitalization -- took quite the tumble in 2022. Investors are worried about a slowdown in e-commerce and cloud computing coming out of the pandemic, and profitability struggles at the company. At less than $100 a share, Amazon stock is an absolute bargain for long-term investors.

A thought-provoking take on how US entrepreneurs have thrived due to the country’s vibrant — if sometimes ‘messy and difficult’ — democracy

Savvy investors have a trained ability to understand the critical factors of a business. Amazon (NASDAQ: AMZN) investors will not want to miss this video highlighting three things smart investors know about Amazon stock.

Apple and Amazon have both announced plans to ramp up spending on movies. Moving into the cinema space could be an attempt to boost streaming and other services.

The most visible part of Amazon’s business for many is the e-commerce operation. But there are costs to be cut. Here's how the process is coming along according to Melissa Nick, VP of North American Customer Fulfillment at Amazon.

The rally in U.S. equities continued for a second straight day on March 30, 2023, with positivity regarding the banking sector and interest rates.

By Geoffrey Smith

Matrix Asset Advisors, an asset management company, released its fourth-quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, Matrix’s Large Cap Value Portfolio rebounded from the difficult 9 months period of the year and performed in line with the S&P 500 Index but lagged the Russell 1000 Value […]

Tech has outperformed by a large margin during the first three months of the year and there may be better opportunities elsewhere.

On March 30, Roku, Inc (NASDAQ: ROKU) disclosed plans to reduce its workforce by 6% or 200 people and pare back certain office facilities that the company does not currently occupy. Roku estimates to book non-recurring charges of approximately $30 million - $35 million in connection with the restructuring likely to impact the Q1 numbers. Last November, Roku downsized its workforce by 200 to reduce headcount expenses by a projected 5%. Also Read: This Stock Has More Than 60% Upside, Thanks to Rok

The Yahoo Finance Live team discusses the competition for Major League Baseball games by the streaming platforms as the 2023 season gets underway.

Electronic Arts (EA) is set to release 6% of its employees as well as reduce its office space.

By Yasin Ebrahim

Worker filings for unemployment benefits rose to a seasonally adjusted 198,000 last week but were still historically low, showing that the broader labor market remains robust.

After being badly beaten down in February, the Nasdaq-100 Index soared in recent weeks. The flight to mega-cap cash-rich technology stocks amid the latest bank turbulence buoyed the index.

U.S. job growth has remained remarkably strong, despite the Federal Reserve’s sharply increasing interest rates over the past year, the crumbling of housing, and several rounds of headline-grabbing layoffs from companies such as Google-parent Alphabet Meta Platforms and Amazon.com With businesses ranging from hospitals to hotels struggling to get to adequate staffing levels, the number of people losing jobs has paled in comparison to those who have been getting them. On Thursday the Labor Department reported there were a seasonally adjusted 198,000 new unemployment claims filed in the week ended Saturday, up a bit from the previous week’s 191,000, but still a very low figure.

Shares of Walmart (WMT) got an early boost on Thursday, up more than 1.5% in pre-market trading, after one veteran analyst upgraded the stock and upped his price target, saying Walmart's foot traffic is trending higher.

By Yasin Ebrahim