Latest Amazon.com Inc News

Nvidia's stock market value rose $273 billion in a day. How it rose to AI prominence, by the numbers

Feb. 22, 2024 16:53 PM EST

Nvidia’s stock price jumped 16% on Thursday, increasing the company’s market value by a staggering $273 billion in just one day, a record amount. The chipmaker has been seeing soaring demand for its semiconductors, which are used to power artificial intelligence, or AI...

Stock market today: Japan's benchmark briefly reaches all-time high after rally on Wall Street

Feb. 21, 2024 22:57 PM EST

BANGKOK (AP) — Japan’s Nikkei 225 share index surged briefly to an all-time high on Thursday, bypassing its previous record set in December 1989. By midday Thursday, the index was up 1.6% at 38,861.98 after earlier trading as high as 38,924.88. The Nikkei 225's previous record...

How major US stock indexes fared Wednesday, 2/21/2024

Feb. 21, 2024 16:23 PM EST

Stocks ended mostly higher on Wall Street after a listless day of trading. The S&P 500 edged up 0.1%. The Dow also added 0.1% after turning slightly higher just before the close. Weakness in technology shares weighed on the Nasdaq, which ended 0.3% lower. ...

Amazon to be added to the Dow Jones Industrial Average, replacing Walgreens Boots Alliance

Feb. 20, 2024 21:53 PM EST

NEW YORK (AP) — Amazon.com Inc. is being added to the Dow Jones Industrial Average, joining Apple, Walt Disney, Walmart and other companies that make up the 30-stock average. The e-commerce giant will replace drugstore operator Walgreens Boots Alliance in the Dow before the open...

Walmart to acquire smart TV maker Vizio for $2.3 billion in bid to boost its advertising business

Feb. 20, 2024 14:13 PM EST

Walmart is buying the smart TV maker Vizio for $2.3 billion as it attempts to expand its rapidly growing advertising business to compete with Amazon. If completed, the deal would give Walmart access to Vizio’s SmartCast operating system, allowing the retail behemoth to offer its...

Mexican regulators recommend that Amazon wall off Prime TV, reveal its algorithms and open delivery

Feb. 16, 2024 21:03 PM EST

MEXICO CITY (AP) — Mexican regulators have recommended that online retailers Amazon and Mercado Libre reveal their algorithms and wall off TV streaming to avoid stifling competition. Mexico’s Federal Commission on Economic Competition, known by its initials as COFECE, said in a...

Amazon argues that national labor board is unconstitutional, joining SpaceX and Trader Joe's

Feb. 16, 2024 17:34 PM EST

Amazon is arguing in a legal filing that the 88-year-old National Labor Relations Board is unconstitutional, echoing similar arguments made this year by Elon Musk’s SpaceX and the grocery store chain Trader Joe’s in disputes about workers’ rights and organizing. The Amazon...

Cisco Systems to lay off more than 4,000 workers in latest sign of tighter times in tech

Feb. 14, 2024 18:45 PM EST

SAN FRANCISCO (AP) — Internet networking pioneer Cisco Systems is jettisoning more than 4,000 employees, joining the parade of technology companies in a trend that has helped boost their profits and stock prices while providing a sobering reminder of the job insecurity hanging over an industry...

Stock market today: Asian shares drop after disappointing US inflation data sends Dow down

Feb. 14, 2024 00:15 AM EST

TOKYO (AP) — Shares declined Wednesday in Asia after disappointingly high U.S. inflation data sent stocks sliding on Wall Street, raising prospects that interest rates will remain elevated for longer. Regional market watchers were paying close attention to the outcome of the...

Jeff Bezos sells nearly 12 million Amazon shares worth at least $2 billion, with more to come

Feb. 11, 2024 02:04 AM EST

SEATTLE (AP) — Jeff Bezos filed a statement with federal regulators indicating his sale of nearly 12 million shares of Amazon stock worth more than $2 billion. The Amazon executive chairman notified the U.S. Securities and Exchange Commission of the sale of 11,997,698 shares of...