Straits Times Index
3,304.24 +11.31 (+0.34%) Nikkei
38,236.07 -38.03 (-0.10%) Hang Seng
18,456.19 -19.73 (-0.11%) FTSE 100
8,213.49 +41.34 (+0.51%) Bitcoin USD
63,848.62 +712.04 (+1.13%) CMC Crypto 200
1,328.48 +51.50 (+4.03%)
AMZN Jun 2024 83.000 call
- Yahoo Finance
The ending of Google's monopoly trial has Silicon Valley on edge
Google has a lot at stake as a federal judge weighs whether the tech giant’s search empire should be broken up. But so does the rest of Silicon Valley.
- Fortune
E-commerce is witnessing the Amazon-ification of Shein, as the fast-fashion behemoth woos skincare and toy brands
Shein is hunting down a $90 billion valuation, IPO approval—and Amazon’s online retail stronghold.
- Barrons.com
Amazon Stock Is on a Roll. Here’s Why It’s on This Firm’s ‘Best Ideas List.’
Amazon reported strong first-quarter results, with revenue and operating income ahead of expectations. The company delivered operating income of $15.3 billion, above consensus of $11.3 billion, while reporting better-than-expected growth in both Amazon Web Services (+17.2% year over year versus Street +15%) and advertising (+24.3% Y/Y versus Street +23.5%). Amazon has now reported operating income above the high end of its guidance range for five consecutive quarters, and the company has a number of drivers for further margin expansion in place, including continued cost efficiencies within its fulfillment network as well as the ongoing mix shift toward higher-margin AWS and advertising revenue.
