Amazon.com Inc. (NASDAQ: AMZN) is the everything e-commerce behemoth and one of the world’s largest companies by market capitalisation. It generates sales from its namesake e-commerce platform, its AWS web server business and countless other complementary services, such as Amazon Prime. The company started from humble beginnings in the late ’90s by Founder Jeff Bezos selling books online. In 1997, Amazon served 1.5 million customers. Today, Amazon serves hundreds of millions of customers through its global e-commerce stores, millions via its AWS cloud server business and touches many more with its technology (e.g. Prime Video, Echo, Kindle).
Goodman Group (ASX: GMG) recorded a 15% increase in FY21 operating profits as the rise of e-commerce spurs logistic centre demand.
The S&P/ASX 200 (ASX:XJO) finished flat for the week, while all three US benchmarks closed the week in the red. Here are my 3 key takeaways.
US stock markets struggled in their final session, the Dow Jones falling 0.4%, S&P 500 down 0.5% and Nasdaq 0.7% for the day.
US stock markets returned to their winning ways with all three benchmarks finishing higher as earnings season heats up.
On the Australian Investors Podcast this week, 7Investing’s Anirban Mahanti and Owen Rask talk Altium Ltd’s (ASX: ALU) botched takeover proposal from Autodesk Inc (NASDAQ: ADSK), Netflix Inc’s (NASDAQ: NFLX) quarterly report, Bezo’s Blue Origin hits space.
US stock markets were mostly negative overnight, the S&P 500 and Dow Jones falling after an incredible run of new record closes.
US stock markets finished the week at record highs as Amazon (NASDAQ:AMZN) and ASML (NASDAQ:ASML) shares make headlines.
It seems like the Coles Group Ltd (ASX: COL) shares are following its discount ‘Down, Down’ campaign as it dropped by 4.8% this morning.
US stock markets fell overnight after Federal Reserve Chair Jerome Powell announced an evolving view on the threat of inflation.
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