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An overlooked line in Amazon’s earnings release could mean it wants re-enter the phone market after its $170 million Fire Phone disaster

Amazon's first attempt with Fire Phone famously went up in smoke in 2015 after disappointing sales caused the e-commerce giant to take a $170 million write down and cease production of the products altogether.
Jeff Bezos.

‘Web Services was the star of the show yet again’: Here’s what Wall Street is saying about Amazon’s record earnings

Amazon Web Services helped fuel Amazon's largest ever quarterly profit in its more than two decades as a public company.

Millennials are snapping up Amazon ahead of earnings

Young investors on the stock-trading app Robinhood are loading up on Amazon ahead of the e-commerce giant's second-quarter results.

Amazon just hit an all-time high as Prime Day kicks off

Prime Day is expected to bring in $3.6 billion in sales, one analyst estimates, up from $2.4 billion the previous year as Amazon's subscription service continues to be the bedrock of its growth.

Amazon’s Prime Day is set to be $1.2 billion bigger than last year, analyst says

Daniel Ives of GBH Insights estimates Amazon Prime Day will rake in $3.6 billion in sales over the course of the 36-hour promotion. "It's just another ingredient in Amazon's recipe for success," he said in an interview Monday.

Nike’s competitive advantage is a lot like Amazon’s

Nike has a big advantage over its competition, according to Nomura Instinet analyst Simeon Siegel. The sneaker giant can simply outspend other sports-apparel retailers, Siegel wrote in a note out to clients. In that sense, Nike reminds Siegel of Amazon.
Amazon CEO Jeff Bezos.

Pharmacy stocks are getting slammed after Amazon buys PillPack

Amazon is buying online pharmacy PillPack, and the main pharmacy stocks are getting whacked.

Amazon is escalating a ‘Cold War’ with Walmart over the Indian e-commerce market

Amazon is upping its investment dollars in India in order to compete with Walmart, which just bought Flipkart, the top Indian e-commerce company. This is part of a "Cold War" in the Indian e-commerce space, a team of Barclays analysts wrote.

Snap rises after hiring an Amazon veteran as finance chief

Tim Stone, who has worked at Amazon since 1998, will start on May 16 with an annual salary of $500,000 plus a $20 million bonus of restricted stock and 500,000 options to purchase more shares. His predecessor was making $300,000 per year with a $200,000 bonus, according to regulatory filings.

Amazon is on track to beat Apple in becoming the first trillion dollar company

Amazon could beat Apple and Microsoft to be the first trillion dollar company, Macquarie says.