Savvy investors are eyeing the retail sector, with this holiday shopping season expected to be the first in U.S. history to exceed $1 trillion in sales.
The recent pullback in leading artificial intelligence stocks has rekindled concerns about the group's stock price momentum and market leadership. The absence of economic data due to the government shutdown, at a time of economic vulnerabilities, is adding to market angst.
Amazon said it is marking the one-year anniversary of its “Haul” service with $1 deals. It‘s part of a two-day “shopping event” scheduled for Monday (Nov. 10) and Tuesday (Nov. 11), with the eCommerce giant selling tens of thousands of products priced at $1 on the first day, and “exclusive $0.
| Specialty Retail Industry | Consumer Cyclical Sector | Andrew R. Jassy CEO | XMIL Exchange | US0231351067 ISIN |
| US Country | 1,560,000 Employees | - Last Dividend | 6 Jun 2022 Last Split | 15 May 1997 IPO Date |
Amazon.com, Inc. is a multinational conglomerate that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It was founded in 1994 and has its headquarters in Seattle, Washington. Amazon has established itself as a leader in the online retail world, providing an extensive range of consumer products, advertising solutions, and subscription services. The company operates on a global scale, with key market segments in North America and International territories, along with its Amazon Web Services (AWS) sector, which offers advanced cloud computing solutions. Amazon's mission encompasses the retail sale of consumer products and services through online and physical outlets, manufacturing of electronic devices, content production, and provision of a platform for sellers, content creators, and developers.