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1 day ago

Amazon is increasing delivery rates for Etsy and Walmart to capture a larger share of the market

Amazon's subdivision MCF which stores, packs and delivers for other websites such as Etsy and Walmart allows sellers to have the convenience of keeping their stock within one system. Amazon already grabs a slice of its competitors' business but has decided to increase its delivery rates to keep their competitive advantage and grow its market share. Source: Financial Times

#Technology

5 days ago

China has tasked 25 tech giants to fix raft of problems

As part of an effort to combat unlawful internet behavior, China has ordered 25 technology companies including Alibaba Group Holding Ltd. and Tencent Holdings Ltd. to conduct internal examinations. Source: Bloomberg

#Technology

5 days ago

Amazon's pandemic boost fades

Amazon.com Inc. has been the essential store for shoppers stuck at home during the pandemic, propelling its sales and profits to new highs. Now, the rush online is slowing down as vaccinated consumers slowly start to get away from computers and smartphones and revert to old habits like traveling and dining out. How tragic for the company, which recently shared a forecast that fell short of expectations, sending shares down 8%. Source: Yahoo Finance, Bloomberg

#Stocks #Technology
Amazon's pandemic boost fades

6 days ago

The S&P 500 tech sector's earnings yields at their lowest since 2004

The S&P 500 Tech sector’s earnings yield is hovering near lowest since early 2004. Should this be taken as a warning? Source: Bloomberg

#Technology
The S&P 500 tech sector's earnings yields at their lowest since 2004

6 days ago

Qualcomm gives a rather upbeat forecast as chip demand continues

Qualcomm is simply the world's largest chipmaker, and just delivered a very bullish forecast, supported by the high demand for chips and the development of the 5G network. Earnings will be $2.15 to $2.35 a share in the period ending in September, the company said Wednesday, well ahead of the average projection of $2.07. Revenue will be $8.4 billion to $9.2 billion, compared with an estimate of $8.5 billion. Source: Yahoo Finance, Bloomberg

#Stocks #Technology
Qualcomm gives a rather upbeat forecast as chip demand continues
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