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).
Drew Meredith, CFP and Owen Rask are back on The Australian Investors Podcast talking ASX Reporting Season and US stock market quarterly reports.
The All Ordinaries (ASX: XAO) and S&P/ASX 200 (INDEXASX: XJO) fell on Monday following a weak lead from global markets. The All Ords and ASX 200 opened the first week of June with a 0.5 per cent fall, pulled down by the likes of Magellan Financial Group Ltd (ASX: MFG) shares.
The S&P/ASX 200 (INDEXASX: XJO) and All Ordinaries (INDEXASX: XAO) ended slightly higher on Wednesday despite the Liontown Resources Ltd (ASX: LTR) share price and Pilbara Minerals Ltd (ASX: PLS) share price taking a bath following concerns over lithium prices.
US stock markets finished unchanged for the month of May, after closing slightly lower on Wednesday. Salesforce (NSYE:CRM) shares are making headlines.
US stock markets were red again as the Dow Jones extended a five-day losing streak, after stronger than expected inflation data was released.
US stock markets dropped their bundle overnight after the Bank of England warned of double-digit inflation and rising recession risk in the UK.
The Reserve Bank raised interest rates, from 0.1% to 0.35%. Unprofitable companies like Tyro Payments Ltd (ASX:TYR) and Dubber Corp Ltd (ASX:DUB) are no longer my cup of tea.
US stock markets moved sharply lower on Friday as economic growth, inflation and corporate results continue to bite.
US stock markets finished the shortened week on a negative note as Elon Musk and Twitter (NYSE:TWTR) shares made headlines.
