Pathway Financial Advisers LLC raised its Amazon.com stock holding by 1.2%, reflecting strong investor interest in the e-commerce giant. Other major investors also significantly boosted their stakes, while analysts upgraded the stock to "Moderate Buy" with a $260.65 price target.
The U.S. Federal Trade Commission (FTC) has reversed an earlier claim about resource constraints and confirmed its readiness to proceed with a September trial against Amazon without delays. Despite budget cuts affecting other agencies under President Trump and Tesla CEO Elon Musk's efficiency campaign, the FTC remains committed to addressing claims related to Amazon's subscription service.
The Amazon rainforest is becoming a frontier for oil and gas drilling in South America, with Brazil leading efforts despite environmental concerns. Fossil fuel extraction threatens ecosystems and Indigenous lands, while major banks continue to finance these projects despite calls for sustainable alternatives.
A user had a £379 Amazon gift card balance voided, claiming it was reported stolen. Despite no evidence of misuse and confirmation from the gift card provider, Amazon initially refused to restore the funds. After intervention, the balance was restored.
Tan Lip-Bu, a Singapore-born tech leader, is the new CEO of Intel, tasked with reviving the company's fortunes. With a strong background in semiconductors and venture capital, he brings industry expertise to address Intel's challenges in the chipmaking sector.
iRobot, once targeted by Amazon for acquisition, faces financial uncertainty and has raised concerns about its ability to continue operations. The company's shares dropped 42% after reporting a net loss and struggling with cash burn, despite a $200 million loan from Carlyle Group.
D-Wave achieved quantum supremacy with its annealing chip, causing quantum stocks to surge. This milestone comes after skepticism from Nvidia CEO Jensen Huang, who doubted the industry's progress. While the announcement highlights potential breakthroughs, challenges remain in scalability and practical applications.
Obama's production company is developing a Tiger Woods biopic based on Kevin Cook's book, with Will Smith in talks to star. Spinal Tap 2's teaser includes Elton John and original cast members.
Apple TV Plus is now available on Prime Video in Germany, Spain, and Italy, following a similar U.S. partnership. This move aims to increase Apple's streaming service visibility, offering premium content alongside Amazon's extensive library.
Bright Futures Wealth Management LLC reduced its Amazon.com stake by 63% in Q4, holding $3.19 million worth of shares, which makes up 2.9% of its portfolio. Other investors like Rench Wealth Management and Foundations Investment Advisors have increased their holdings in Amazon.com.
Arcus Capital Partners LLC increased its Amazon.com stock holdings by 21.5% in the 4th quarter, owning 8,246 shares worth $1.81 million, which represents about 0.7% of its portfolio.
The producers of "Gangs of Lagos" and Amazon Prime agreed to apologize after a court settlement for misrepresenting the Eyo Masquerade and the Isale-Eko community in their film.
Amazon.com isIMS Capital Management’s third largest holding, accounting for 5.2% of its portfolio after a 6% share increase, valued at $11.17 million.
Walkner Condon Financial Advisors LLC increased its stake in Amazon.com by 6.5%, purchasing additional shares, while other institutions also boosted their holdings. Amazon's stock is performing well with a positive outlook from analysts, reflecting strong investor confidence.
Lip-Bu Tan, Intel's new CEO, is a seasoned leader with a history of turning small companies into major players. Known for his strategic investments in startups and strong industry connections, he faces the challenge of revitalizing Intel, a company central to the tech industry's history. His background as an underdog who built success from smaller ventures positions him to lead Intel through its current challenges.
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