November 18, 20240 Comments

Tencent challenges Amazon, Microsoft cloud dominance with WeChat ecosystem

Chinese tech company Tencent is a gaming giant and the parent company of WeChat, the ubiquitous social messaging app in China. Cheng Xin | Getty Images News | Getty Images SINGAPORE — Chinese tech giant Tencent is increasingly leveraging its WeChat super-app ecosystem to set itself apart from dominant global cloud service players, Tencent Cloud CEO Dowson Tong said.   More clients are interested in engaging in the creation of their

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November 16, 20240 Comments

Amazon launches Temu rival with ‘crazy low’ prices

Amazon has launched a new outlet called Haul which caps the price of products on sale at $20 (£15.79), in an effort to take on low-cost retailers Temu and Shein. The online shopping giant unveiled Haul as a mobile-only experience available in its Shopping app for US customers on Wednesday. It says shoppers can expect “crazy low prices” on Haul products that are “worth the wait” of up to two

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November 15, 20240 Comments

Adobe, Amazon lead Friday’s market cap stock movers By Investing.com

Friday’s trading session has seen significant movements among mega-cap and large-cap stocks. Adobe Systems Inc (NASDAQ:) and Amazon.com Inc (NASDAQ:) experienced notable declines, while Palantir Technologies Inc (NYSE:) surged. Here’s a rundown of today’s key stock movers across different market capitalization ranges. Mega-Cap Movers (Market Cap $200B+): Adobe Sys Inc (ADBE): -5.2% Amazon Com Inc (AMZN): -4.75% Eli Lilly And Co (NYSE:): -4.35% Nvidia Corp (NASDAQ:): -4.13% Facebook Inc (NASDAQ:):

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November 13, 20240 Comments

Amazon Prime Video to stream Diamond regional sports networks

Sopa Images | Lightrocket | Getty Images Diamond Sports reached a deal with Amazon’s Prime Video that will allow its 16 regional sports networks to be made available on the streaming platform. As part of the deal, Diamond’s networks will be made available as an add-on subscription to Prime customers living within each team’s designated geographic area. Further details, such as pricing, will be announced at a later date. Financial

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November 13, 20240 Comments

Amazon, Chevron lead Wednesday’s market cap stock movers By Investing.com

Wednesday’s market has seen notable shifts with stocks like Amazon Com Inc (NASDAQ:) and Chevron (NYSE:) experiencing movement on the upside, while Advanced Micro Devices (NASDAQ:) faced a downturn. Investors are reacting to a mix of earnings reports, strategic announcements, and industry developments. Below are highlights of some of the biggest stock movers, from mega-caps to small caps. Mega-Cap Movers (Market Cap $200B+): Amazon Com Inc (AMZN); Apple (NASDAQ:) To

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November 11, 20240 Comments

India to summon Amazon, Flipkart executives as regulatory scrutiny grows, source says By Reuters

By Nikunj Ohri and Aditya Kalra NEW DELHI (Reuters) – India’s financial crime agency will summon Flipkart and Amazon (NASDAQ:) executives as it steps up an investigation into alleged foreign investment law violations, days after raiding some of the e-commerce firms’ sellers, a senior government source said. The planned action signals growing regulatory scrutiny of Walmart-owned Flipkart and Amazon when their sales are rapidly growing in India’s $70 billion e-commerce

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November 9, 20240 Comments

Morgan Stanley breaks down the overlap between Walmart, Amazon, Costco memberships By Investing.com

Investing.com — In a recent note to clients, Morgan Stanley analysts delved into the competitive landscape among leading membership-based retailers, focusing on Walmart+, Amazon Prime, and Costco (NASDAQ:). According to the report, Walmart+ continues to make strides with a membership base nearing record levels, bolstered by strategic initiatives like its 50% discount on memberships for Black Friday. Citing its Consumer Pulse survey, Morgan Stanley notes that Walmart+ saw approximately 23.8

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