Money

Why investors are loving Amazon right now

Published

3 years ago

April 30, 2021

There’s no question that our love for spending some cash online increased during COVID lockdowns.

As we worked from home, studied from home, and did almost everything at home, we seemed to be obsessed with shopping for our favourite trends and waiting for our order to arrive the next day in the mail.

Now, our online shopping obsession has meant some big news for Amazon. The company’s quarterly profit more than tripled to a record of $8.1 billion.

The online retailer has reported its biggest profit ever as consumers turned to the online retailer for their shopping needs and businesses paid Amazon more to warehouse and advertise their products.

Amazon stock rises over 5% as earnings, revenue top targets https://t.co/YpwnOQujn9
— MarketWatch (@MarketWatch) April 29, 2021

If you own stocks in the company – you’d be pleased to know shares also have risen by 4 percent in after-hours trade. – Investors no doubt pleased with the companies financial results.

Amazon has now posted four consecutive record quarterly profits.

The retailer also attracting more than 200 million Prime loyalty subscribers and recruited over 500,000 workers to keep up with surging consumer demand.

Speaking of Amazon workers – half a million of them are set to get a pay rise.

America’s biggest employer announcing staff will see between a 50 cent to 3 dollars per hour raise by June.

Money

Why the meme-stock frenzy is unlikely to repeat

Published

6 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

6 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

7 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending