Amazon.com Inc. stock outperforms market on strong trading day

Shares of Amazon.com Inc. AMZN, +4.03% rose 4.03% to $2,221.55 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, +1.99% rising 1.99% to 4,057.84 and the Dow Jones Industrial Average DJIA, +1.61% rising 1.61% to 32,637.19. This was the stock’s second consecutive day … Read more

Snowflake May Have Upside After A Big Drop In The Bear Market

Text size Snowflake, the cloud-based data warehouse company, has been pummeled in the bear market. Gabby Jones / Bloomberg Snowflake publishes results on Wednesday, giving investors a fresh look after after the company fell 67% since November in the tech bear market. The cloud-based data warehousing software company is exactly the kind of stock that … Read more

The Top 50 Richest People Have Lost More Than Half a Trillion Dollars This Year

The top 50 richest people in the world have lost more than half a trillion dollars on paper this year, a stunning loss of wealth that exceeds the gross domestic product of Sweden and is greater than the market caps of all but six companies in the S&P 500 . The 50 wealthiest people, which … Read more

Amazon, Walmart’s Flipkart in Talks to Buy Stake in $ 1.1 Billion Diagnostics Chain

(Bloomberg) – Metropolis Healthcare Ltd., a diagnostics chain operating in India and Africa, is looking to raise more than $ 300 million and bring onboard a strategic partner by selling a significant minority stake, according to people familiar with the matter.

A Profit Recession Is Brewing, Expert Says. Hunker Down in Cash.

If there is one person who was not shocked by the massive misses in big retailers’ results this past week, it’s our longtime (but no way old) pal, Stephanie Pomboy, who heads the MacroMavens institutional economic advisory. Even though she has been coping with a (thankfully) mild case of Covid-19, she’s still as sharp, and … Read more

Stocks Are Way Down. Some Fund Managers See Bargains.

Text size Sammy Simnegar, manager of the Fidelity International Capital Appreciation, flagged Nestlé as a steady grower whose valuation has fallen. Justin Sullivan / Getty Images The worry of the month is that the US is headed for a recession, but several fund managers at this week’s Morningstar Investment Conference said they do not expect … Read more

Walmart Earnings Are Dented by Food Inflation, Staffing Costs

Walmart like many of the families that shop in its stores, is getting squeezed by higher food prices and other rising costs. The country’s largest retailer by revenue said sales increased in the most recent quarter, but higher product, supply-chain and employee costs ate into profits, sending the retailer’s stock sharply lower Tuesday.

Amazon.com Inc. stock outperforms market on strong trading day

Shares of Amazon.com Inc. AMZN, + 4.11% rallied 4.11% to $ 2,307.37 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, + 2.02% rising 2.02% to 4,088.85 and the Dow Jones Industrial Average DJIA, + 1.34% rising 1.34% to 32,654.59. Amazon.com Inc. closed … Read more

Nations Aim to Secure Supply Chains by Turning Offshoring Into ‘Friend-Shoring’

WASHINGTON — As war and the pandemic expose the fragility of supply chains, the US and its allies are pursuing a new kind of global trade, one that confines commerce to a circle of trusted nations. Fans call the shift “friend-shoring.” The new strategy is a departure from economic globalization of recent decades, when businesses … Read more

Covid, Broken Supply Chains, Inflation. Now Companies Also Have to Worry About Overhiring.

Amazon stock has taken a hit recently, in part because the company hired employees faster than it grew sales. Dan Kitwood / Getty Images Text size Nothing has been easy for businesses lately. Since the end of 2019, they’ve dealt with lockdowns, supply-chain snarls, rising costs, and higher interest rates. Now they might have to … Read more