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A growing economy coupled with new applications and convenience of online shopping could provide a catalyst to businesses that sell merchandise through online channels.
Alibaba Group Holding Limited
Vipshop Holdings Limited
Expedia Group, Inc.
Liquidity Services, Inc.
FTD Companies, Inc.
The Nasdaq is like "a train that is moving faster than any train we've ever seen before,” says one veteran strategist.
This market pro tells Yahoo Finance Joe Biden would not be good for investors. The explanation makes sense.
Surging tech stocks are hiding the opportunity in some beaten-down names, says Fundstrat's Tom Lee.
Shares of The Shyft Group (NASDAQ: SHYF), an automotive company specializing in the manufacture of commercial delivery vans, and particularly vans designed to facilitate e-commerce deliveries, soared a staggering 14.1% in Friday trading after Reuters reported that the biggest e-commerce company on the block is placing a big order with Shyft. As Reuters explained, Amazon.com (NASDAQ: AMZN) is ordering 2,200 of Shyft's "Utilimaster" walk-in delivery vans. Indeed, according to the news organization, the order was apparently placed last year, and at least some of Shyft's trucks are already in Amazon's possession and have been "seen recently operating in Chicago."
A homeless shelter built on Amazon’s perfectly manicured urban Seattle campus is a major civic contribution that pushes the company to face the crisis and criticism in the hometown it has rapidly transformed. Believed to be the first homeless shelter built inside a corporate office building, Amazon’s partnership housing a local nonprofit could be seen as the company's answer to criticism that it hasn’t given back enough to the city.
Skin-whitening creams identified as containing potentially dangerous levels of mercury continue to be sold online more than seven months after a watchdog group raised the alarm, including on platforms run by eBay <EBAY.O>, Amazon.com <AMZN.O> and Alibaba <BABA.N>, a Reuters review of the sites shows. The findings come at a time when skin lightening, a multi-billion dollar industry especially popular in Asia, Africa and the Caribbean, is under renewed criticism for promoting light skin as a beauty ideal. Many countries ban or restrict mercury in creams, which can damage the kidneys, brain and nervous system.
The news generated widespread attention for the Chinese-owned social media platform coming the same week U.S. Secretary of State Mike Pompeo said the United States is "certainly looking at" banning TikTok, suggesting it shared information with the Chinese government. It was not immediately clear what led to the initial ban by Amazon. One person familiar with the matter said senior Amazon executives were unaware of the request to delete TikTok from employee devices.
In this episode of the Motley Fool Answers podcast, hosts Alison Southwick and Robert Brokamp reveal three lessons related to the unveiling of The Motley Fool's new logo, including one from the best-performing stock of the past 25 years. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks.
Amazon.com is launching a new fleet of bigger, boxier trucks like those favored by rival package carriers United Parcel Service Inc and FedEx Corp, as it fights to fix widespread pandemic-fueled delivery delays that sent customers into the arms of competitors like Walmart Inc. The world's largest online retailer ordered more than 2,200 heavy-duty Utilimaster "walk-in" delivery trucks from Shyft Group, a Michigan-based specialty vehicle company, an Amazon spokeswoman told Reuters. The company declined to say how many of the vehicles have been sent to Amazon delivery contractors, or where they would be deployed.
Deforestation of the Brazilian Amazon increased by a record 25 percent year-on-year in the first half of 2020, official data released Friday showed, increasing pressure on President Jair Bolsonaro to abandon his plans to develop the region. June, which marks the start of the dry season and fires, also hit a record with 1,034 square kilometers of deforestation, an increase of nearly 11 percent. Brazil has been criticized by a number of countries and environmental groups over large-scale deforestation and fires that ravage the world's largest rainforest during the dry season.
Amazon (NASDAQ: AMZN) shares have surged past $3,000 in recent days as investors bet that the e-commerce giant will emerge from the pandemic even stronger than it was before. CEO Jeff Bezos likes to say it's always Day One, and said in last year's shareholder letter, "Amazon today remains a small player in global retail," indicating he still believes there's plenty of opportunity for growth. In order to satisfy shareholder expectations, Amazon will have to execute on those opportunities.
The Zacks Analyst Blog Highlights: Amazon, Walmart, Big Lots, Kroger, Costco and Shopify
Comcast (NASDAQ: CMCSA) is about 10 times as large as Roku (NASDAQ: ROKU) in terms of market cap. CNBC (owned by NBCUniversal) reported yesterday that NBCUniversal has been unable to finalize a distribution deal with Roku or Amazon.com for Peacock, which launches on July 15.
Ad buyers expect overall ad spend to decline about 20% in the second half of 2020, according to a survey from IAB last month. Traditional media will see a decline in ad spend, but most digital advertising channels will grow considerably in the second half of 2020. 59% of connected TV advertisers expect to increase their spend in the second half of the year, according to IAB's survey.
Shopping online is hitting it big, and e-commerce platform Etsy (NASDAQ: ETSY) is finally positioned to take advantage of the wave. Prior to a massive restructuring in 2017, the company was falling deeper and deeper into the red, pressured by ballooning costs and big-name competitors like Amazon (NASDAQ: AMZN) and eBay (NASDAQ: EBAY). Put to the test by recent economic winds, Etsy is proving it truly does have what it takes to thrive -- at a price.
The communications and media conglomerate fell hard as a result of the COVID-19 crisis and headwinds in cable TV.
There is another pure-play national grocery chain trading publicly, and Kroger has some new (although veteran) competition to account for.
AliExpress Russia, an e-commerce venture between Chinese online shopping giant Alibaba and Russian partners, said it was aiming for annual turnover of $10 billion by 2022-2023, up from what analysts estimate is about $6 billion now. Chief Executive Dmitry Sergeev, who did not give details on current turnover, told Reuters the company could consider an initial public offering (IPO) in three to four years, although he called the existing shareholding structure "optimal". The venture between Alibaba, the Russian Direct Investment Fund, mobile operator Megafon and internet firm Mail.Ru is one of several players expanding in Russia's 2 trillion rouble ($28 billion) e-commerce market.
As was expected, Macy's (NYSE: M) didn't have a great go of it during the first quarter of fiscal 2020, which ended on May 2. It would be easy to chalk up Macy's latest struggles to COVID-19, but the chain's woes predate this latest crisis. The department store business model can't break out of the long and slow death spiral it's been stuck in, especially as the world pivots to digital sales and renders many real estate-heavy operations redundant.
Near-zero interest rates have favored growth stocks this year, while leaving value names in the dust. Our 10 panelists say this has created ample opportunities to invest in good companies selling at deep discounts.
Wall Street’s outlook for Facebook revenue has barely budged, even as 1,000 major advertisers pause their spending on the platform
It’s no mystery why the Nasdaq Composite has soared, given the bright outlook for big technology companies. But tech is an increasingly crowded trade.
• Atlanta Mayor Keisha Lance Bottoms said the city will roll back to the first phase of its reopening plan, WSB-TV reported. Georgia Gov. Brian Kemp said on Twitter that such phases for Atlanta are non-binding and legally unenforceable. • California will release up to 8,000 inmates from state prisons by the end of August to slow the spread of coronavirus, the state’s Department of Corrections and Rehabilitation announced.
Earlier Friday, the company reportedly instructed its staff to remove the video app from their devices, citing “security risks,” according to the New York Times report.