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Amazon.com Inc. (NASDAQ: AMZN) is the everything e-commerce behemoth and one of the world’s largest companies by market capitalisation. It generates sales from its namesake e-commerce platform, its AWS web server business and countless other complementary services, such as Amazon Prime. The company started from humble beginnings in the late ’90s by Founder Jeff Bezos selling books online. In 1997, Amazon served 1.5 million customers. Today, Amazon serves hundreds of millions of customers through its global e-commerce stores, millions via its AWS cloud server business and touches many more with its technology (e.g. Prime Video, Echo, Kindle).
US stock markets dropped their bundle overnight after the Bank of England warned of double-digit inflation and rising recession risk in the UK.
The Reserve Bank raised interest rates, from 0.1% to 0.35%. Unprofitable companies like Tyro Payments Ltd (ASX:TYR) and Dubber Corp Ltd (ASX:DUB) are no longer my cup of tea.
US stock markets moved sharply lower on Friday as economic growth, inflation and corporate results continue to bite.
US stock markets finished the shortened week on a negative note as Elon Musk and Twitter (NYSE:TWTR) shares made headlines.
The S&P/ASX 200 (ASX: XJO) pushed 1.5% higher for the week while all three US benchmarks posted gains. Here are my 3 key takeaways.
All three US stock markets finished higher on Friday, with the Nasdaq adding 2.1%, the Dow Jones up 0.8% and the S&P 500 gaining 1.2%.
The US stock market direction remains dominated by the events in Ukraine, with little in the way of company-specific news.
US stock markets surged on Friday with the Nasdaq gaining 1.6%, the Dow Jones up 2.5% and the S&P 500 adding 2.2%.
In a somewhat unexpected shift, the major US stock markets all finished higher on Thursday despite Russia’s attack on Ukraine.
