{ }
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
Nvidia is set to report earnings amid expectations of a significant stock swing, with an options-implied move of about 8%, potentially impacting its market value by nearly $300 billion. Major customers like Microsoft, Alphabet, Amazon, and Meta have committed to increased capital spending, heightening the stakes for Nvidia"s fiscal third quarter results. Uncertainty surrounds the performance of its new Blackwell product line due to production delays, complicating revenue forecasts despite strong demand signals from CEO Jensen Huang.
Jim Cramer highlighted the success of budget retailers like Walmart, which are thriving amid inflation due to their value offerings. Walmart"s recent earnings beat was driven by affordable merchandise and significant price rollbacks, attracting consumers, particularly those with higher incomes. Cramer noted that 75% of Walmart"s share gains came from households earning over $100,000, indicating a shift in consumer spending habits.
Walmart reported a fiscal third quarter revenue of $169.59 billion, surpassing expectations, and forecasts net sales growth of 4.8% to 5.1% for the year. The company"s stock has risen nearly 60% this year, with a $1,000 investment made 10 years ago now worth $3,266, reflecting a 227% increase.
The Enforcement Directorate (ED) is set to file a complaint against Amazon and Flipkart for violating foreign direct investment (FDI) norms, following an investigation that revealed direct links between the companies and their preferred sellers. Interrogations of top sellers indicated that Amazon and Flipkart exert significant control over inventory and profit margins, supported by substantial evidence, including email communications. Neither company has received formal communication from the ED regarding the findings.
The U.S. Department of Justice plans to request a judge to compel Google to divest its Chrome browser, following a ruling that found the company illegally monopolized the search market. Google argues that its search engine"s success is due to quality and competition from other platforms, asserting that users have the option to select different default search engines. The DOJ"s actions also aim to address issues related to artificial intelligence and Google"s Android operating system.
The G20 summit in Rio de Janeiro is showcasing Brazil"s leadership under President Lula, who aims to address global hunger and poverty through initiatives like a special tax on the super-rich. Despite tensions, including Argentina"s opposition, the summit has seen a warm welcome from Brazil, with significant attendance from global leaders, including US President Biden and Chinese President Xi Jinping. Lula"s focus on social issues reflects a shift in the global power dynamic, as he seeks to elevate the voice of the Global South.
The global healthcare e-commerce market, valued at USD 301.8 billion in 2023, is projected to grow at a CAGR of 16.27%, reaching USD 1362.15 billion by 2033. Key drivers include the rising demand for home healthcare, telemedicine integration, and the convenience of online purchasing, despite challenges like cybersecurity concerns. The drug segment is expected to dominate the market, with telemedicine leading in application share.
Warner Bros. Discovery has settled its lawsuit with the NBA, ending its 40-year relationship as a live game carrier in the U.S. The league has chosen Disney, Comcast, and Amazon as its new media partners for an 11-year deal valued at approximately $77 billion. Despite the split, Warner Bros. Discovery will retain access to NBA highlights and continue producing "Inside the NBA," which will also air on ESPN and ABC.
EcoDomus Inc., a US-based provider of digital twin software solutions, is part of a rapidly growing digital twins market in healthcare, projected to reach $9.69 billion by 2028 with a CAGR of 49.2%. North America leads this market, driven by the expansion of telehealth, which enhances remote monitoring and personalized treatment. Siemens AG"s acquisition of EcoDomus in December 2021 aims to integrate its technology into Siemens" offerings, further strengthening their portfolio.
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