E-Commerce

"Amazon just completely refuted" concerns about slowing growth in its cloud unit, Jim Cramer says.

Programming note: ARPU will be off the rest of the week, back next Monday.Amazon's 20% ProblemFor the first time in a long time, Wall Street was genuinely relieved that Amazon Web Services had a good quarter. The company's stock soared more than 11% after

As AI reshapes the market, Washington's antitrust enforcers face a ... More Technology News. See All · Technology · Isaacman and Duffy are playing...

Alibaba Group Holding on Friday unveiled a 2 billion yuan (US$281 million) investment as part of a programme that will see a network of Taobao-branded convenience stores across China support the operations of the firm’s instant commerce and on-demand delivery business. Rather than establishing Taobao Shangou’s own bricks-and-mortar shops, the programme would primarily provide existing convenience stores with a tech facelift, leveraging Alibaba’s digital infrastructure, according to Hu Qiugen,...

Meta, Amazon, Alphabet and Microsoft reported quarterly earnings that showed rising digital ad sales and increased AI infrastructure spending.

... AI, artificial intelligence, News, PYMNTS News, shopping, walmart, What's Hot. Cities Deploy Robots as Firefighters, Tour Guides and Lawnmowers. By...

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Reddit's stock popped after the company surpassed third-quarter estimates due to strong advertising growth.

Amazon blew past analyst estimates in its third-quarter earnings report and raised its capital expenditures forecast for the year to $125 billion.

It was not surprising that Amazon shares surged on Friday morning.

Amazon blew past analyst estimates in its third-quarter earnings report and raised its capital expenditures forecast for the year to $125 billion.

Affirm has secured similar funding lines with Liberty Mutual Investments, PGIM, and Sixth Street Partners, a trend across the buy-now-pay-later sector.

Here are five key things investors need to know to start the trading day.

Amazon posted higher fiscal third quarter profit and sales compared with a year ago, fuelled by accelerating growth in its cloud computing business and strong spending by its customers looking for low prices at a time when inflation is resurging. The results, announced Thursday, beat Wall Street expectations. The company’s prominent cloud computing arm also surpassed analysts’ expectations, rising 20 per cent. But Amazon issued a cautious sales outlook for the fiscal fourth quarter. Shares,...

AWS revenue accelerated 20.2% to $33 billion, which CEO Andy Jassy said was a pace it hadn't seen since 2022.

AWS revenue accelerated 20.2% to $33 billion, which CEO Andy Jassy said was a pace it hadn't seen since 2022.

Investors are closely watching growth in Amazon's cloud computing unit, which faces increasing pressure from rivals and artificial intelligence deals.

Kroger Co. is partnering with Uber Technologies Inc. to give its online grocer shoppers restaurant delivery options, the latest in a string of similar tie-ups that that allows platforms to tap into each others’ customer bases.

Meituan expects to raise US$3 billion from a dual-currency bond offering, as the Chinese on-demand delivery giant looks to bolster its war chest to stave off the challenge from rivals led by Alibaba Group Holding and JD.com. The Beijing-based company will offer US$1.99 billion in greenback-denominated bonds and 7.08 billion yuan (US$1 billion) of notes in the local currency, according to its statement to the Hong Kong stock exchange on Wednesday. Meituan said it had signed an agreement with...

E-commerce and fintech giant MercadoLibre Inc. rallied after first quarter revenue beat analyst expectations driven by a surge in its e-commerce branch after the company expanded its free shipping policies in Brazil.

Etsy said Josh Silverman will step down as CEO and be replaced by chief growth officer Kruti Patel Goyal.

Review: The $100 Echo Dot Max outshines the pricier Echo Studio.

Etsy said Josh Silverman will step down as CEO and be replaced by Depop chief Kruti Patel Goyal.

The used-car industry isn’t exactly on firm footing, going by recent events. A major lender went bust just before a big parts supplier followed suit. Loan delinquencies have skyrocketed, car prices remain high and the lower-end consumer is showing signs of buckling.

Online marketplace Etsy Inc. will elevate Chief Growth Officer Kruti Patel Goyal to the CEO job, entrusting the company veteran with navigating the artificial intelligence era and lifting the marketplace out of a post-pandemic slowdown.

Amazon said it is cutting about 14000 corporate roles as the e-commerce giant expands its investment in AI ... More Technology News. See All.

The layoffs offer an early look at the possibly broad effects of AI on workforces. ... news provider, reaching billions of people worldwide every day.

The move makes PayPal an early part of OpenAI's efforts to broaden ChatGPT's use for e-commerce.

"The stock's now being graded on whether Amazon Web Services is going to grow the same way as Azure," Jim Cramer says.

... human resources executive said Tuesday that the tech giant needs to be "organized more leanly" due to the "transformative" nature of AI.