{ }
Symbol AMZN
Name Amazon.com, Inc.
Currency USD
Sector Consumer Discretionary
IndustryGroup Retailing
Industry Internet & Direct Marketing Retail
Market NASDAQ Global Select
Country United States
State WA
City Seattle
Zipcode 98109-5210
Website http://www.amazon.com
The Dow Jones fell 0.2% while the S&P 500 and Nasdaq gained 0.1% and 0.7%, respectively, led by technology stocks. Nvidia rebounded after a significant drop due to regulatory concerns, and Tesla rose 3.5% following an analyst upgrade. Oracle and C3.ai reported disappointing earnings, impacting their stock performance.
Web3Bay is a decentralized e-commerce platform poised to transform online shopping by prioritizing user control, transparency, and security. With the Web3 market projected to reach $81.5 billion by 2030, Web3Bay leverages blockchain technology and community governance through its 3BAY token, offering a unique alternative to traditional e-commerce giants. The presale of the 3BAY token presents a significant opportunity for early investors, with potential growth of up to 4200% by the final stage.
The Dow Jones Industrial Average fell 0.4% as investors awaited key inflation data, while Nvidia rallied 1.6% after a previous drop, hovering near a critical support level. Oracle's shares plunged 9% following disappointing earnings, and Tesla gained 3%, extending its win streak. Key inflation reports are set for release this week, influencing market sentiment.
The S&P 500 is experiencing significant returns, raising concerns about potential market overvaluation, particularly with its Shiller P/E ratio at historically high levels. The future performance of the index hinges on the impact of artificial intelligence, as major tech companies drive growth through increased AI infrastructure spending. As long as this competition among profitable firms continues, the market is likely to sustain its upward trajectory.
Poland's Deputy Defense Minister Cezary Tomczyk has urged Germany to increase its defense spending to lead the European Union amid concerns over US military support for Ukraine. He also proposed exploring joint EU debt financing for military expenditures, a move opposed by Berlin, to enhance preparedness against Russian aggression.
Shiba Inu (SHIB) experienced significant price volatility, dropping 22% to around $0.000024 amid broader market dynamics influenced by rising U.S. Treasury yields and Bitcoin's retreat from its all-time high. Initially launched as a playful competitor to Dogecoin, SHIB's value is heavily swayed by market sentiment and investor confidence. Despite its speculative nature, ongoing community support and developments like ShibaSwap may enhance its long-term potential, even as meme tokens face increased volatility compared to established cryptocurrencies.
Google has introduced its Willow quantum computing chip, capable of completing tasks in under five minutes that would take supercomputers an impractical amount of time. This advancement addresses significant challenges in quantum error correction, enhancing qubit coherence and reducing computational errors. Experts predict that quantum computers could be integrated into business operations within the next few years, potentially transforming industries by solving complex problems more efficiently than classical computers.
Amazon is partnering with Intuit to integrate QuickBooks software into its Seller Central platform by mid-2025, providing third-party sellers with essential accounting tools and access to loans through QuickBooks Capital. This collaboration aims to enhance financial management for sellers, particularly smaller businesses, as they prepare for the holiday season. The integration will offer real-time insights into profitability, cash flow, and tax estimates, supporting sellers in scaling their operations efficiently.
Bitcoin briefly surpassed $100,000 but has since fallen below $97,000, dragging down major cryptocurrencies like Dogecoin and XRP, which dropped approximately 8%. Dogecoin is currently at $0.428, while XRP sits at $2.38 after a significant monthly surge. Solana and Ethereum also experienced declines, with liquidations totaling $620 million in the past 24 hours.
Global advertising revenue is set to exceed $1 trillion in 2024, with a projected increase of 9.5% to $1.04 trillion, according to GroupM. This growth is primarily fueled by online advertising platforms like Google, Meta, and Amazon, as highlighted by Kate Scott-Dawkins at the UBS Global Media and Communications Conference.
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