AMZN News and Press, Amazon.com Inc. From 06/26/24

2024-06-26 06:30:00 ET Summary Ariel Investments, LLC is a global value-based asset management firm founded four decades ago in 1983. Ariel serves individual and institutional investors through five no-load mutual funds and eleven separate account strategies. During the quarter, o...

2024-06-26 05:01:16 ET The Internal Revenue Service has apologized to Ken Griffin, billionaire CEO of hedge fund Citadel, as well as thousands of other wealthy Americans whose personal tax information was leaked to the press by a former IRS contractor. ... Read the full article o...

2024-06-26 02:56:45 ET Summary Amazon AWS has been perceived to be a laggard in the AI race, while competitors like Microsoft Azure and Google Cloud raced ahead. However, new research has unveiled how enterprises are actually embracing generative AI, and the trends are creating op...

2024-06-26 00:53:07 ET Summary The Magnificent 7 currently accounts for 18% of stock trading and over 50% of all option purchases. We can't see the broader market going higher, or correcting, without their participation. The 'puts to calls' ratio of the combined seven stocks is at...

2024-06-26 00:07:02 ET Summary Geopolitical risks are likely overestimated, with deep economic ties between the US and China and the historical crisis of the original Cold War suggesting a peaceful resolution. I am not claiming that BABA is a superior investment to Amazon, but its...

2024-06-25 23:50:00 ET Summary Rivian Automotive shares surged after Volkswagen Group announced a $5 billion investment in the company through a joint venture. The investment will be made over time, with the first $1 billion installment expected in the final quarter of this year. ...

2024-06-25 20:33:34 ET More on Rivian Rivian: Thank You, Toyota! Rivian: New Vehicles And Operational Improvement Could Signal A Turning Point Rivian: Upside Potential Worth The Risks Rivian soars after new joint venture partner Volkswagen invests $5B ...

2024-06-25 18:13:56 ET Summary Stock market performance in H1 was strong, driven by steady earnings growth and a resilient US economy. The S&P 500 is near all-time high with tech-heavy companies leading returns, while Dow Jones lags behind. Q2 earnings will determine H2 in...

2024-06-25 15:55:55 ET Initial AI use cases were relatively small in scope, as the average expected, AI dollar spend in 2024 was $1.57M, compared to $1.65M in 2023, with the figure nearly doubling to $2.95M in 2025.  ... Read the full article on Seeking Alpha For furth...

2024-06-25 11:53:43 ET Summary Microsoft remains a tech investment play with solid growth in software, cloud computing, and gaming sectors. Bullish momentum suggests a potential stock price surge to $615 by the end of 2024. AI investments have led to a 17% revenue surge, posit...