The latest results from Amazon and Apple shook up tech stocks in the US following Amazon’s first reported loss since 2015 of $3.8 billion. Online retail sales declined 3% in light of sliding consumer interest in online shopping as inflation rates started to burn a hole in consumer wallets. The e-commerce giant added that a […]

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Amazon will also test employees for new variants of Covid Amazon (NASDAQ:AMZN) could overtake Tesco to become the UK’s largest retailer by 2025, according to research from Edge by Ascential. Amazon, having opened its first Amazon Fresh store in the UK earlier this year, is expected to make £77.1bn of sales in Britain in the […]

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Amazon income more than tripled to $8.1bn Amazon (NASDAQ:AMZN) has confirmed its sales have exceeded $100bn for the second quarter in succession as it continues to benefit from the pandemic. With consumers across the world increasingly shopping online, streaming videos and working from home, as their behaviour has shifted during lockdowns, Amazon has reported net […]

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Scottish Mortgage Investment Trust Share Price The Scottish Mortgage Investment Trust (LON:SMT) was down by 7% in morning trading on Thursday. It is a continuation of a recent trend for Baillie Gifford’s flagship investment trust which saw sharp falls throughout February. Since the middle of February, when the Scottish Mortgage Investment Trust was valued at […]

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Bezos ‘to focus my energies and attention on new products and early initiatives’ Founder of Amazon Jeff Bezos has stepped down as chief executive of the company he founded nearly three decades ago from a garage.  Bezos, 57, said the decision will give him “time and energy” to focus on other initiatives.  The richest man […]

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Tech and growth stock-heavy index, the Nasdaq Composite, escaped the market correction on Thursday, as virus fears crunched over-extended value equities. European equities fell sharply during the morning, with the DAX and CAC falling 0.88% and 0.67% apiece. Following was the FTSE, who, having suffered 5% losses by Kingfisher and Johnson Matthey, extended yesterday’s losses, […]

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Pfizer’s vaccine announcement saw gold and gilts sell off, while European equities rallied by 5% on Monday. Meanwhile, the tech stocks that boomed during the pandemic – and last week – saw the Nasdaq drop by 1.5% on the same day as Eurozone markets flew. Fast-rising home delivery stocks, Ocado and Just Eat, shed 5.21% […]

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Having cheered on the news of Pfizer’s (NSYE:PFE) vaccine candidate demonstrating 90% efficacy, global equities heavily priced in COVID challenges being overcome, and favoured pandemic casualties during trading on Tuesday. Leading the charge and at one point up by almost 18%, Lloyds finished up by 6.63%, up to 32.82p a share. Following close behind were […]

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Sleep? Sorry – don’t know them. As forecast, the US Presidential Election has been drawn-out, dramatic and all-consuming. But, rather than buckle under the strain, global equities spent the majority of the week absolutely soaring. Rallying at their fastest rate since April, US big tech stocks led the way, with Alphabet rising by 8%; Amazon, […]

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Despite being wrong about pricing in a decisive Democrat victory, markets were happy to settle with Biden as favourite to win the presidency, as they continued the boom started on Monday. Since Wednesday morning, investors have married optimism over a Biden win with lingering uncertainty, with the result being large buy-ups of monolithic tech equities […]

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On Wednesday, investors responded to election result uncertainty by heavily backing proven winners and market leaders, and this saw an enormous uptick in US big tech stocks. After making upwards movements of around 3% in futures, the tech-laden Nasdaq Composite then saw additional growth, up around 4% – at 11,605 points. This tech stock storm […]

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On the list of things markets hate, uncertainty, political conflict, and drawn-out disruption must all rank fairly highly among the top downside risk factors. Despite that, and ahead of what may end up being a closer-fought contest than many anticipated, global equities shot up at an unreasonable rate on the eve of the US Presidential […]

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Shrugging off some of last week’s losses, global equities decided Monday was a time to be bullish. Given the broad macroeconomic and political outlook, you’d think they wouldn’t have much to be positive about, but perhaps that’s just it – they priced in potential downsides too hard before trading. Alternatively, things are set to get […]

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With daily COVID cases breaking the 500,000 threshold, the final bell on Friday marks the end of a week that global equities would rather forget. Unfortunately, this doesn’t seem likely, with a busy and nail-biting smorgasbord of headlines for investors to consider next week. For today, the picture was rather bleak. Despite Eurozone GDP posting […]

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Amazon (NASDAQ: AMZN) has posted quarterly sales of almost $100bn (£77.4bn). In the three months to the end of September, net sales increased by 37% whilst net profit grew from $2.1bn to $6.3bn. Amazon’s founder and chief executive, Jeff Bezos, said in a statement: “Two years ago, we increased Amazon’s minimum wage to $15 for […]

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Between the US economy being among the worst-hit by the COVID pandemic; the Biden poll lead narrowing; and Nancy Pelosi implementing a deadline for new stimulus measures to be announced, all US equities suffered on Monday. However, the Nasdaq led Monday’s losers, with the tech-laden index weighed down by the falls posted by big tech […]

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With the likes of Amazon, Netflix and Disney Plus hungrily vying for viewers’ attention, the recent announcement that the next instalment of James Bond will now be delayed until April 2021, could well be the final nail in the coffin for ailing cinemas. Odeon (LON:ODE.F), Vue, and Cineworld (LON:CINE) have all posted reflecting what has […]

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Speaking to Third Bridge’s Senior Sector Analyst, Harry Barnick, we were able to pinpoint the three main challenges cinema giant Cineworld (LON:CINE) will face going forwards, ahead of the publication of its results on Thursday. Not able to get people to the box office First, Mr Barnick points to cinema attendance, limited by both health […]

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Surging by 400 points, to 28,050, the Dow Jones rallied by 1.40% on news of a tech sector recovery and what can only be described as Monday ‘M&A-nia’, with two tech-giant buy-ups. The first of these buy-ups saw some hope of the US-China Tik-Tok scuffle being resolved, with multinational computing corporation, Oracle (NYSE:ORCL), beating Microsoft […]

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In an attempt to keep Amazon at bay from taking more of the UK grocery market, Tesco has announced plans to scrap delivery fees to members of its Clubcard Plus loyalty scheme. Although the supermarket normally charges customers a standard £4.50 for a delivery slot, the group hopes to introduce free delivery for premium members. […]

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The Dow Jones saw a bright start to trading on Tuesday, up 1.08% or 281 points to 26,308. This figure wasn’t quite as impressive as the one analysts were predicting at lunchtime, and this was likely led by underwhelming US PMI data. Instead, The Nasdaq Composite stole the spotlight, with the index hitting its all-time […]

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Amazon (NASDAQ:AMZN) have confirmed yesterday that two employees in Milan have caught the coronavirus. The two employees who have tested positive for COVID-19, have been placed under quarantine, Amazon added. 2020 has not exactly been the best start to the decade for global business and trading. The ongoing saga of the coronavirus still continues to […]

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The GMB union reported that 622 staff have suffered ‘serious injuries’ or ‘near misses’ while working at Amazon warehouses in the UK, over the last three years. For injuries to be counted in the findings, they needed to be severe enough to prevent a member of staff from performing their regular duties for a minimum […]

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Bricks and mortar or ones and zeroes? While you’d be hard-pressed to find a bank headquarters made of secure, lumbering concrete and gilded gates; the glossy, glass chic towers that denote innovation and financial power may soon become the architecture of the past. Convenient, better-value and putting control in the hands of the consumer. The […]

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American e-commerce group eBay (NASDAQ:EBAY) have seen their shares rally following strong performance in third quarter trading, and a promising forecast for the fourth quarter. The news comes just after the online commerce giant filed a law suit against its rival Amazon (NASDAQ:AMZN), and Amazon announcing a disappointing third quarter. The firm’s shares jumped 6% […]

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Online commerce giant Amazon (NASDAQ:AMZN) is under the cosh following claims that employees accepted bribes in exchange for confidential customer information. According to findings from a report published by the WSJ, independent merchants who sell through the website were paying brokers for Amazon employees up to £1500 for data such as internal sales metrics, reviewers’ […]

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Following the planned £12 billion merger of rivals Sainsbury’s (LON:SBRY) and Asda (NYSE:WMT), Tesco (LON:TSCO) and French supermarket Carrefour (EPA:CA) plan to form an alliance to buy products and lower prices. The proposed deal with Carrefour comes after Tesco’s recent £3.7 billion takeover of wholesaler, Booker. The deal sets out a plan to cooperate on […]

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Amazon is set to launch a music streaming service that will host around 40 million songs, rivalling competitors such as Spotify and Apply Music. The service which is called ‘Amazon Music Unlimited’ will be available to customers for the price of £9.99 a month, and will give subscribers access to an extensive library of music. […]

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