The stock market has taken a steep downturn after President Donald Trump's tariff announcements. As of this writing, the S&P 500 is firmly in correction territory, and the Nasdaq Composite is just a couple percentage points away from officially being in a bear market.
Amazon's recent 20% correction presents a rare entry point, with appetite for accumulation on further dips. Despite deceleration, Amazon's revenue growth outlook remains healthy, supported by diversified revenue streams and robust operating and net income projections for 2025. Significant investments in AI, AWS, and Advertising signal high-growth potential.
Trump's new tariffs could hurt Amazon and Meta due to their reliance on Chinese advertisers. Advertisers are expected to take refuge in performance advertising and TV sports.
The United Launch Alliance rocket is set to help Amazon take a step toward a satellite internet service that would likely compete with Starlink.
Amazon.com Inc (NASDAQ:AMZN) is set to launch its first batch of satellites for Project Kuiper, its satellite broadband network designed to compete with SpaceX's Starlink and provide high-speed, low-latency internet worldwide. The launch, scheduled for April 9, will deploy 27 satellites aboard a United Launch Alliance (ULA) Atlas V rocket from Cape Canaveral, Florida.
The U.S. National Highway Traffic Safety Administration (NHTSA) said on Thursday it has closed its probe into 258 Zoox vehicles over a braking issue, after the Amazon self-driving car unit recalled them and updated their software.
Amazon criticised a book delivery fee imposed by France two years ago, telling Europe's top court on Thursday the measure was discriminatory, protectionist and a breach of European Union law.
It's Amazon's (AMZN 2.17%) world, we're just living in it. At least, sometimes that's how it feels with how large the technology giant and e-commerce pioneer has gotten.
24/7 Wall St.
Amazon and United Launch Alliance have set April 9 as the date for the first launch of full-scale satellites for Amazon's Project Kuiper broadband internet network.
Amazon has submitted a last-minute bid for TikTok, CNBC confirmed. Bidders have lined up for TikTok as the short-form video app's future in the U.S. hangs in the balance.
Amazon has reportedly placed an eleventh-hour bid to acquire video app/social commerce platform TikTok. The offer, as reported Wednesday (April 2) by The New York Times (NYT), comes just days ahead of a deadline that requires TikTok's owner ByteDance to divest the platform or face a ban.