Amazon shares went past the $2,000 milestone for the first time on Thursday (Aug. 30) after another analyst raised his price target for the eCommerce giant. According to MarketWatch, that new target is more than what is needed to give the company a market capitalization of...
Amazon’s AWS is in the process of developing new cryptographic and AI-based security tools, and is now looking for more than 130 engineers with cryptography skills to help build and run the project. According to reports, a large portion of the work is taking place...
With Amazon’s Web Services (AWS) cloud computing business booming, Morgan Stanley is getting more bullish on the eCommerce giant’s prospects, raising its price target to $2,500. According to a report in CNBC, citing a research noted penned by Morgan Stanley analyst Brian Nowak, Morgan Stanley...
Another day, another Prime perk. This time it’s for kids. Granted, it will not be a free perk like many of the other consumer boons that come care of Amazon — but it’s still one that (sort of) represents a discount. As of yesterday, Amazon...
Forget Apple and its $1 trillion market capitalization. The way MKM Partners sees it, Amazon.com could hit $2.5 trillion in market cap by 2024. According to a report in CNBC, citing MKM Analyst Rob Sanderson, thanks to the company’s profitable cloud computing unit, Amazon Web...
The challengers, they keep on taking their shots … The never-ending quest by retailers to put up a stronger fight against Amazon made news in recent days, in some cases indirectly, but still noteworthy. First, Target expanded its curbside pickup service to California and Colorado....
Earlier this month, Amazon officially launched its Pay by Invoice feature — and many small sellers aren’t happy about it. Pay by Invoice officially went into effect for third-party sellers on Aug. 8. With the new service, companies get a credit for selling their merchandise on Amazon...
Amazon.com is eyeing the U.K. insurance market and is reportedly in talks with European insurers about creating a price comparison website. Reuters, citing three industry executives, reported companies have held discussions with Amazon about the potential to launch the website, with one source telling the...
Amazon and Microsoft on Wednesday (Aug. 15) announced a public preview of their plans to integrate Alexa with Microsoft Cortana, a plan announced last summer. In a blog post, Amazon said users can now use Amazon Echo devices to access many of Cortana’s features, such as...
