Walmart, Target, and Amazon are intensifying their efforts to enhance delivery speeds, investing in warehouse upgrades, automation, and new distribution models.
Europe’s top court rules in favor of Amazon, rejecting EU’s claim of illegal tax benefits for the U.S. e-commerce giant, signaling a setback for EU’s efforts to regulate tech firms.
Financial analysts and investment firms release calls on stocks and name top picks for 2024, focusing on electric vehicle manufacturer Rivian, chipmakers, major banks, and e-commerce giant Amazon.
Shares of iRobot, the maker of Roomba vacuums, surged by about 39% as the European Union is set to approve Amazon’s $1.7 billion acquisition of the company.
iRobot’s stocks surged 30% on news of a potential acquisition, while Nvidia shares fell 1.8% due to export restriction delays. Apple saw a 0.2% drop in shares after a decline in smartphone sales during China’s Singles Day, and retail stocks like Walmart and Target also saw increases as investors monitored Black Friday trends.
Amazon announces plans to launch vehicle sales in the US next year, partnering with local car dealers to sell directly to customers on its site, starting with Hyundai vehicles.
Who is Dave Limp? David is a former Venture Partner at Azure Capital Partners, and former Chief Strategy Officer at Palm. David Limp is currently:– Senior Vice President (retiring in …