Amazon.Com Inc (AMZN)
Amazon.com Inc (AMZN) is a global technology and e-commerce giant founded by Jeff Bezos in 1994. It started as an online bookstore and has since expanded into a vast online marketplace offering a wide range of products and services. Amazon is also a leader in cloud computing through its Amazon Web Services (AWS) division, providing scalable cloud infrastructure and services to businesses worldwide. Additionally, Amazon is involved in digital entertainment, artificial intelligence, and logistics, making it one of the world's most influential technology companies.
Company News
New England Research and Management sold 5,293 shares of Goldman Sachs, reducing its stake to 0.5% of assets under management. The trade was valued at approximately $3.92 million, with the firm retaining 1,501 shares after the sale.
Rob Cahill's book 'Mending Mine' explores personal healing and resilience through a first-person narrative about overcoming pain, loss, and finding hope through faith and forgiveness.
Market analyst predicts S&P 500 will reach 7,000 by year-end, driven by strong earnings, AI excitement, and potential Federal Reserve rate cuts. Expects technology and cloud companies to deliver positive earnings surprises.
Lyft CEO David Risher shared a story about leaving Microsoft in 1996 to join Amazon, despite Bill Gates calling it the 'stupidest decision'. Risher's bold move has since proven successful, and he is now leading Lyft's comeback with a customer-focused strategy.
