Amazon's 12th annual Prime Day event is expected to generate over $26 billion in online sales across US retailers, marking a 9% increase from last year despite inflation and high gas prices. The four-day event has expanded beyond Amazon's platform, with competitors like Walmart and Target launching their own promotions. However, Amazon is projected to capture about 60% of the spending. Discounts are expected to remain strong to attract budget-conscious shoppers, supporting continued growth in e-commerce sales.
VanEck Retail ETF (RTH) receives a Hold rating because its top holdings like Amazon, Walmart, and Costco have high forward price-to-earnings ratios (28.6x to 45x), indicating premium valuations that already price in AI-driven growth. Consumer challen...
In Q2 2026, top contributors to growth included Taiwan Semiconductor Manufacturing, Alphabet, United Rentals, Apple, and Visa. Alphabet’s Google Search and Cloud segments showed robust revenue growth of 19% and 63%, respectively, boosting operating i...
Jim Cramer cautioned that the recent rally in Big Tech stocks like Alphabet, Microsoft, Meta, and Amazon might be more about investor optimism than real improvements in their business fundamentals. Despite positive news such as Warren Buffett's endor...
Dave Brown, a senior vice president at Amazon Web Services (AWS) and a key figure since its early days, is leaving the company at the end of this month for a new role outside Amazon. Brown helped launch AWS's core EC2 service and later led its comput...
The rapid growth of hyperscale data centers, driven by AI demand, is causing U.S. electricity consumption to surge after a decade of stagnation. Experts predict data centers will use 11-16% of total electricity by 2030, with investments in these faci...
