AMZN - Amazon.com, Inc.

NasdaqGS - NasdaqGS Real-time price. Currency in USD
1,751.60
+11.12 (+0.64%)
At close: 4:00PM EST

1,751.01 -0.59 (-0.03%)
After hours: 6:23PM EST

Stock chart is not supported by your current browser
Previous close1,740.48
Open1,751.20
Bid1,750.63 x 1000
Ask1,753.39 x 800
Day's range1,741.05 - 1,754.37
52-week range1,307.00 - 2,035.80
Volume2,800,692
Avg. volume2,927,115
Market cap868.438B
Beta (3Y monthly)1.52
PE ratio (TTM)77.61
EPS (TTM)22.57
Earnings date29 Jan 2020 - 3 Feb 2020
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est2,167.56
  • 20 businesses that died in the 2010s
    Yahoo Finance

    20 businesses that died in the 2010s

    Yahoo Finance takes a look back at some of the biggest corporate busts of the last decade.

  • These 10 stories will drive investing for the next decade
    Yahoo Finance

    These 10 stories will drive investing for the next decade

    Peak globalization is one of 10 investing themes Bank of America-Merrill Lynch has highlighted for the next decade. Shifting demographics and automation are two other stories with investment implications.

  • Amazon (AMZN) Gains But Lags Market: What You Should Know
    Zacks

    Amazon (AMZN) Gains But Lags Market: What You Should Know

    Amazon (AMZN) closed at $1,751.60 in the latest trading session, marking a +0.64% move from the prior day.

  • Buy Apple (AAPL) Stock on Analyst Optimism Heading into 2020?
    Zacks

    Buy Apple (AAPL) Stock on Analyst Optimism Heading into 2020?

    Apple (AAPL) closed up over 1.4% Thursday after a Citi analyst predicted the iPhone maker to outperform this upcoming holiday season.

  • Is Trade Scaring You? ETF Strategies for 2019 Holiday Season
    Zacks

    Is Trade Scaring You? ETF Strategies for 2019 Holiday Season

    It is less likely that Santa alone will drive Wall Street this season as trade tensions persist. Overall, these ETF investing trends should stay strong.

  • Peloton Backlash Comes With Silver Lining: Pre-Holiday Publicity
    Bloomberg

    Peloton Backlash Comes With Silver Lining: Pre-Holiday Publicity

    (Bloomberg) -- Peloton Interactive Inc. has been pilloried online and punished on the stock market following the release of a holiday ad for its stationary exercise bike that was deemed culturally insensitive. But the backlash could be a good thing for the company in the long run.The commercial, which features a woman documenting a year in her life with the Peloton bike her male partner gave her, struck some viewers as out of touch -- suggesting the already thin “Grace from Boston” was undergoing a strenuous workout in order to lose weight for the guy. The video, released about a month ago, went viral on social media, eliciting a scathing parody by comedian Eva Victor and prompting Peloton to close comments on the official YouTube video.As the internet buzz seemed to hit a peak earlier this week, Peloton’s stock fell 9%. But some experts say the increased attention could end up boosting sales. The shares were up 3.7% on Friday in New York.“They might benefit more because people are looking it up and learning more about it,” Laura Ries, president of advertising consultancy firm Ries & Ries, said. It’s still a short-term bump for a company that has historically been largely successful with marketing, with a total member base of 1.6 million people including more than 560,000 who have one of the proprietary bikes or treadmills plus a fitness subscription, according to Peloton’s most recent quarterly report. The official Peloton ad on the company’s YouTube channel has been seen by more than 3.6 million people.The controversy comes at a crucial time for the New York-based company, which is new to market scrutiny after listing shares in September, as it seeks to capitalize on the all-important holiday sales season and expand in new markets like the U.K. and Germany. The shares had gained 27% since its initial public offering before the wave of internet commentary dragged it down on Tuesday. The company is also facing increased competition in the booming at-home fitness market, especially among workout apps. Nike Inc., Aaptiv Inc. and apps like Kayla Itsines’s Sweat with Kayla have all gained followings for exercise programs available on a user’s phone.Peloton has been punished by Wall Street for its focus on growth over profitability. The company sells a stationary bike starting at about $2,000 and a treadmill that costs about $4,000, in addition to a basic “connected fitness” subscription plan at $39 a month for those pieces of hardware, and the separate digital apps that don’t require equipment. Its loss narrowed in the three months ended Sept. 30 to $49.8 million.The stock surged almost 10% last Friday after the company was reportedly seeing strong demand on Black Friday. And earlier this month, Peloton lowered the price of its digital subscription app to $12.99 a month from $19.49 in conjunction with the launch of new apps for Amazon’s Fire TV and the Apple Watch, a move that could entice new users. JMP Securities analysts raised their price target on the stock after the subscription reduction, saying it “broadens Peloton’s reach, improves conversion, and reduces purchase friction.” Ronald Josey, a JMP analyst, said there are “a lot of good things going on” at the company and that people will continue to buy the bike and other products despite the controversy.According to the most recent earnings report, Peloton expects its user base to grow to 680,000 or more by the end of its second quarter thanks to holiday sales and New Year’s resolutions.Scott Galloway, a professor of marketing a the NYU Stern School of Business, said the commercial itself is tone deaf and borderline offensive. But “in this attention-driven economy, anything that gets attention is arguably a positive,” he said in an interview. “It’s bringing Peloton into the social discourse on very regular basis, which is what ads are supposed to do.” If Peloton had to do it again, Galloway said, “I’d argue they probably would.”(Updates shares in third paragraph. A previous version of the story corrected a company error in the subscription price.)To contact the reporter on this story: Julie Verhage in New York at jverhage2@bloomberg.netTo contact the editors responsible for this story: Mark Milian at mmilian@bloomberg.net, Molly Schuetz, Anne VanderMeyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Bloomberg

    Biden Super-PAC Makes Ad Buy in Iowa: Campaign Update

    (Bloomberg) -- Unite the Country, a super-PAC started by former aides of Joe Biden, is launching a $650,000 advertising campaign in Iowa promoting his candidacy.The group’s first spot features a montage of photos starting with Biden as a young man and excerpts from a speech in which Biden highlights his stance favoring marriage equality, his sponsorship of the Violence Against Women Act and the assault weapons ban enacted as part of the 1994 crime bill he sponsored.The ad doesn’t mention other Democratic candidates. It also doesn’t mention President Donald Trump, whose attacks on Biden were cited by the super-PAC’s founders as the reason they were forming the group. Trump’s campaign spent $8 million on television and digital ads starting in late October that criticized Biden over his son’s work for a Ukrainian energy firm.Unite the Country bought air time starting Monday in four Iowa markets, according to Advertising Analytics, which tracks political commercials. Biden is in fourth place in the state, according to the Real Clear Politics poll average.Warren Gets Clean Bill of Health in Report (9:10 a.m.)Democratic presidential candidate Elizabeth Warren is a “very healthy 70-year-old woman,” her doctor said in a medical report released by the campaign Friday.“Senator Warren is in excellent health and has been throughout the 20 years I have served as her physician,” said Dr. Beverly Woo, an associate professor at Harvard Medical School and senior physician at Brigham and Women’s Hospital. “There are no medical conditions or health problems that would keep her from fulfilling the duties of the president of the United States.”The records show that she got her most recent physical examination in January and her annual flu shot in October. Warren has “excellent” cholesterol levels and normal blood pressure. At 5 feet 8 inches, she weighs 129 pounds. Her only medical condition is hypothyroidism, for which she takes levothyroxine, which keeps her thyroid hormone levels normal, Woo said.Warren “has never smoked, used drugs or had any problem with alcohol use,” the report said. “She exercises regularly and follows a healthy diet despite her very busy schedule.”Warren is the only top-tier candidate to release medical records so far. Bernie Sanders, 78, who had a heart attack in early October, said he will make his available at “the appropriate time.” Joe Biden, 77, has not yet released his information but has said he will do so before the Iowa caucuses in February. Pete Buttigieg, who at 37 is the youngest candidate in the race, has not released any records. -- Misyrlena EgkolfopoulouSanders Aims to Break Up AT&T, Comcast (8:34 a.m.)Senator Bernie Sanders’ $150 billion plan aimed at bringing high-speed internet access to all U.S. households would break up Internet service provider and cable “monopolies,” singling out such companies as Comcast Corp., AT&T Inc., and Verizon Communications Inc.“The internet as we know it was developed by taxpayer-funded research, using taxpayer-funded grants in taxpayer-funded labs,” Sanders said in the plan, which was released Friday. “Our tax dollars built the internet and access to it should be a public good for all, not another price gouging profit machine for Comcast, AT&T, and Verizon.”Sanders said the internet, telecom, and cable companies “exploit their dominant market power to gouge consumers and lobby government at all levels to keep out competition.” He’d mandate providers offer a “basic, quality Internet plan at an affordable price.”The Sanders plan comes as one of his rivals, Senator Elizabeth Warren, is leading the charge to to break up large tech companies. Warren published an October essay titled “Here’s How We Can Break Up Big Tech,” calling for splitting up Amazon Inc., Facebook Inc., and Google.AT&T, Verizon and Comcast rose fractionally before regular U.S. trading, with gains of less than 0.5%. -- Elizabeth WassermanCOMING UPJoe Biden is on an eight-day, 18-county bus tour of Iowa through Saturday.Presidential candidates including Biden, Sanders and Pete Buttigieg will participate in a forum hosted by the International Brotherhood of Teamsters in Cedar Rapids, Iowa, on Saturday.Warren, Sanders and Biden are scheduled to take part in town hall meetings hosted by UNITE HERE Culinary Workers Union in Las Vegas on Dec. 9-11.(Michael Bloomberg is also seeking the Democratic presidential nomination. Bloomberg is the founder and majority owner of Bloomberg LP, the parent company of Bloomberg News.)\--With assistance from Misyrlena Egkolfopoulou.To contact the reporter on this story: Bill Allison in Washington DC at ballison14@bloomberg.netTo contact the editors responsible for this story: Wendy Benjaminson at wbenjaminson@bloomberg.net, Max BerleyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Amazon's Cloud Clientele Expands as BP Migrates Data to AWS
    Zacks

    Amazon's Cloud Clientele Expands as BP Migrates Data to AWS

    BP goes all-in on AWS, which highlights the efficiency and reliability of Amazon's (AMZN) cloud services offerings.

  • The Zacks Analyst Blog Highlights: Amazon, Microsoft, eBay, Alibaba and JD.com
    Zacks

    The Zacks Analyst Blog Highlights: Amazon, Microsoft, eBay, Alibaba and JD.com

    The Zacks Analyst Blog Highlights: Amazon, Microsoft, eBay, Alibaba and JD.com

  • GOOGL, AMZN, MSFT & Others to Watch in Healthcare Industry
    Zacks

    GOOGL, AMZN, MSFT & Others to Watch in Healthcare Industry

    Tech giants like Alphabet, Amazon, IBM, Microsoft and Apple are foraying into the healthcare industry to capitalize on its prospects.

  • Cloud Security Race Intensifies, AMZN Takes on VMW, AKAM, WIT
    Zacks

    Cloud Security Race Intensifies, AMZN Takes on VMW, AKAM, WIT

    A slew of advanced data breaches is expected to increase the demand for cloud security offerings in the coming years. The prospects are prompting cloud service providers to up the ante in this space.

  • It's Official: Saudi Aramco to Become the Biggest IPO Ever
    Zacks

    It's Official: Saudi Aramco to Become the Biggest IPO Ever

    Saudi Aramco, which is set to trade on the Riyadh stock market, beat the previous record held by Chinese e-commerce behemoth Alibaba.

  • WEC Energy to Reward Shareholders With 7.2% Dividend Hike
    Zacks

    WEC Energy to Reward Shareholders With 7.2% Dividend Hike

    WEC Energy's (WEC) board of directors is set to increase annual dividend rate by 7.2%, in sync with its target of a dividend payout ratio of 65-70% of earnings.

  • The Wrong Way to Fight Porch Pirates
    Bloomberg

    The Wrong Way to Fight Porch Pirates

    (Bloomberg Opinion) -- One consequence of America’s Cyber Monday shopping binge is the imminent arrival of $9.4 billion worth of merchandise on the nation’s doorsteps. And that will cue the annual cries of frustration about porch pirates — along with a raft of local news stories on how to evade them, and a few viral tales of consumers attempting to spook them with booby-trapped packages or glitter bombs.The fixation on thwarting porch pirates is understandable. (I, for one, will confess to being irrationally angry recently when a $27 baby onesie was swiped from my front stoop.) But it is also a flawed way of thinking about a legitimate and persistent problem with e-commerce.The problem is not just theft. It is that shipping giants such as United Parcel Service Inc. and FedEx Corp., as well as big retailers, are not moving fast enough to make delivery of online orders more flexible and to turn over more control to shoppers.Consumers and neighborhood associations should spend less time trying to answer the question, “How can we create a world where expensive goods can sit on my doorstep for hours and not get stolen?” Instead, they should be asking, “How can we make it so that expensive goods are not left on my doorstep in the first place?”UPS and FedEx, to be fair, have made strides toward giving customers more options. Each has a network of thousands of access points where shoppers can pick up packages, including at ubiquitous stores such as Dollar General or CVS Pharmacy. Both shippers have apps that allow residents to provide delivery instructions for a driver.Retailers, too, are getting more creative. Amazon.com Inc. now offers the option of choosing a single day each week for all of your recent orders to arrive, making it easier to ensure you’ll be home when your haul is delivered. And both Amazon and Walmart Inc. are piloting services that rely on smart-home technology that allows a driver one-time, secure access to your home.Surely such a service, or some variation of it, will become commonplace within a decade. (After all, there was once a time when it was creepy to get in a stranger’s car, but thanks to Uber and Lyft that’s now ordinary.) For now, though, the choices for consumers are underwhelming or confusing — or, in some cases, both.For example, UPS and FedEx both trumpet the convenience of letting you reroute an in-progress shipment to an access point. But online shoppers aren’t able to fully take advantage because retailers can put restrictions on packages preventing the recipient from redirecting them. This is likely a well-intentioned anti-fraud tactic, but it means access points aren’t the reliable solution they’re cracked up to be.And retailers aren’t always great at steering customers toward desirable secure options. Amazon, for example, routinely tries to nudge me at checkout to try a pickup point that is a 30-minute drive from my home, even though there is a Whole Foods Market with Amazon lockers in walking distance.But there are bigger ideas that could do even more to ensure package security. What if UPS or FedEx were to more routinely provide narrower time windows for drop-offs, or to allocate more workers for nighttime deliveries when nine-to-fivers are likely to be at home? What if retailers allowed customers to choose their shipping provider at checkout, which might force shippers to compete for their loyalty?Such changes would further complicate the “last-mile” delivery challenges the industry has been addressing for decades, and would likely add costs. But these are the same logistics experts and retailers that were able to make speedy two-day delivery standard.  It’s not unreasonable to expect them to innovate their way to giving shoppers more choice.Even if it’s difficult, improved delivery flexibility is a far better remedy for porch piracy than other headline-grabbing approaches. Police departments have experimented with planting bait packages on doorsteps that are outfitted with GPS trackers, potentially allowing them to catch individual thieves. Texas has a new law on the books that makes package theft punishable by up to 10 years in prison.Never mind that there are already laws against theft. These kinds of punitive measures are not useless, but they are likely to be helpful only in a limited area for a limited period of time.The more productive approach is to focus on reducing the unsecured supply of porch treasures. And no one is better equipped to attack that problem than the retailers and shippers. So shoppers should raise their expectations of these companies and demand that they do more.To contact the author of this story: Sarah Halzack at shalzack@bloomberg.netTo contact the editor responsible for this story: Michael Newman at mnewman43@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Sarah Halzack is a Bloomberg Opinion columnist covering the consumer and retail industries. She was previously a national retail reporter for the Washington Post.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Bloomberg

    EU Trade Chief Hogan, Lighthizer to Discuss French Tariff Threat

    (Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. The European Union’s chief trade negotiator Phil Hogan will sit down with U.S. Trade Representative Robert Lighthizer next month to discuss an American threat to hit France with tariffs on $2.4 billion of its exports.“We are looking at all possibilities, but we prefer to have a negotiated settlement,” Hogan said in an interview in Kildare, Ireland, referring to what actions the EU may take if the U.S. follows through with the levies. “I will be visiting the U.S. in January to meet with my counterpart Ambassador Lighthizer in order to explore possible avenues where we could reach agreement rather than engage in confrontation.”The office of the USTR announced this week that it was considering the tariffs in response to a French digital services tax that it says unfairly discriminates against U.S. companies. The levy would hit tech companies including Google, Apple Inc., Facebook Inc. and Amazon.com Inc.France moved ahead with the tax despite objections from the U.S. because it says that the structure of the global economy has changed to one based on data, rendering current taxation systems archaic. The tax affects companies with at least 750 million euros ($832 million) in global revenue and digital sales of 25 million euros in France.“We have a lot of things to discuss with the U.S. and we look forward to an engagement in a cooperative way rather than a confrontational way so I hope the U.S. thinks likewise,” Hogan said.To contact the reporter on this story: Peter Flanagan in Dublin at pflanagan23@bloomberg.netTo contact the editors responsible for this story: Ben Sills at bsills@bloomberg.net, Richard Bravo, Andrew AtkinsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Bull of The Day: Target (TGT)
    Zacks

    Bull of The Day: Target (TGT)

    Bull of The Day: Target (TGT)

  • Tencent-Backed iDreamSky in Talks to Buy Rival Gaming Firm Leyou
    Bloomberg

    Tencent-Backed iDreamSky in Talks to Buy Rival Gaming Firm Leyou

    (Bloomberg) -- iDreamSky Technology Holdings Ltd. is in exclusive talks to buy rival gaming firm Leyou Technologies Holdings Ltd. for about $1.4 billion, according to people familiar with the matter.iDreamSky, which counts Tencent Holdings Ltd. among its shareholders, is seeking co-investors to help finance the transaction, the people said, asking not to be identified because the deliberations are private. Potential partners could include private equity firms as well as other gaming companies, the people said. The Shenzhen-based firm is working with Credit Suisse Group AG on the deal, they said.Leyou has risen about 16% this year, giving it a valuation of around HK$7.8 billion ($996 million). Shares of IDreamSky have plunged more than 30% since its debut last year, valuing the company at about HK$5.8 billion.There hasn’t been any final decisions as talks are ongoing and the companies could still decide against a transaction, the people said. Representatives for iDreamSky and Credit Suisse declined to comment, while a representative for Leyou didn’t immediately respond to requests for comment.Leyou, listed in Hong Kong in 2011, has developed the free shooting games Warframe and Dirty Bomb. It’s also working with Amazon.com Inc. to co-produce a video game based on the popular fantasy series “The Lord of the Rings.” Other upcoming games are Civilization Online and Transformers.In September, Leyou said that it was holding preliminary talks with potential investors on possible transactions, which may lead to a public takeover. Bain Capital, CVC Capital Partners and KKR & Co. as well as other gaming companies were among bidders for Leyou, Bloomberg News reported last month.Last week, Leyou updated the progress in a filing that its controlling shareholder Charles Yuk had entered into a memorandum of understanding to sell about 69.2% stake to an unidentified potential buyer. The company granted a 21-day exclusivity period to the potential purchaser to conduct due diligence and try to reach a formal agreement.As part of any potential deal, Yuk would acquire the company’s interests in certain offices in the iconic Lippo Centre in Hong Kong and enter into an agreement to provide financing to help develop certain games, according to the filing.iDreamSky, listed in Hong Kong about a year ago, had 57 games including 16 role-playing games on its platform as of June 30, according to its interim report. It has exclusive publishing rights in China for popular titles including Subway Surfers and Temple Run.Michael Chen, its co-founder and chief executive officer, is iDreamSky’s largest shareholder with a 25.92% stake, according to data compiled by Bloomberg. Tencent Mobility, a unit of the Chinese technology giant Tencent, owns about 18.6% as the second-largest holder.To contact the reporter on this story: Manuel Baigorri in Hong Kong at mbaigorri@bloomberg.netTo contact the editors responsible for this story: Fion Li at fli59@bloomberg.net, Jonas BergmanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Financial Times

    Amazon tunes to new cloud wavelength

    Cyber Monday will have had a big impact on this quarter's top line for Amazon, but another event was taking place this week that means more for its future, with Amazon Web Services' Re: Invent conference in Las Vegas. that prevented it from winning the Pentagon's controversial $10bn Jedi contract. The cloud business is certainly coming under more scrutiny from US regulators as it grows (analysts give it a 48 per cent compound annual growth rate over three years, compared to 115 per cent for B2B unit Amazon Business and 28 per cent for the retail business).

  • Financial Times

    UK film and television are jewels in the crown

    In the 1960s, four young Liverpudlians helped ward off a British balance of payments crisis. The Beatles, who at that point were taking in $650 a second at 2014 prices during a 1965 US tour, helped to provide the foreign currency necessary for the UK to pay foreign creditors and buy the raw materials essential to keep the rest of the economy going. Without these kinds of “invisible” earnings, the UK current account would have been in constant deficit throughout the 1960s.

  • Financial Times

    Amazon pushes cloud revolution into its second phase

    If you are one of those big IT customers that is not enthused by the idea of surrendering control over its most sensitive data to the cloud, Amazon Web Services has a comforting message: the cloud is coming to you. It will arrive in the shape of a rack of servers, loaded with the same software used in the company’s giant data centres. No need for your corporate data to leave the premises, or for the latency issues that can come from having computing tasks handled far away.

  • Financial Times

    The Marvelous Mrs Maisel Season 3 delivers vintage screwball comedy

    With her career as a comedian developing rapidly, Miriam “Midge” Maisel has to start thinking about taking control of her image. You need “a weird ask” if you want to be taken seriously, advises perpetually down-at-heel agent Susie. In season three of The Marvelous Mrs Maisel, she’s now a fully fledged touring stand up who seemingly barely sees her kids.

  • Bloomberg

    Amazon Cloud Unit and NFL Team Up to Prevent Concussions

    (Bloomberg) -- Amazon.com Inc. and the National Football League announced a deal to use the tech giant’s cloud-computing services to help solve the epidemic of injuries—and especially concussions—afflicting the sport.Amazon’s cloud unit will provide software to analyze volumes of player health data, as well as analyze information and scan video images to better treat and rehabilitate injuries. The league and company hope to eventually use the software tools, which include a new “digital athlete” platform, to predict and prevent injuries. It’s the latest agreement between Amazon and the most-watched U.S. sports league. The company is in the second year of a $130 million deal to show Thursday night NFL games on its Prime video service. While Amazon Web Services chief Andy Jassy talked up the partnership’s potential to help with player safety, it will also strengthen the relationship between Amazon and the NFL at a key moment for Amazon’s video aspirations. The league’s billion-dollar TV deals expire in the next few years, and streaming services like Amazon Prime and its competitors have been experimenting with live game feeds. Amazon is likely to be among the bidders for a larger package.Proponents of artificial intelligence and machine learning say the technology could revolutionize a wide array of medical and health fields. Still, such work is early and some systems have shown issues with bias or unreliable results. Amazon’s own Rekognition software for image scanning and facial recognition has struggled to identify subjects with darker skin. Player safety, particularly head injuries, has been a major point of focus for the league in recent years. Dwindling participation at the youth levels, plus evolving research and a lawsuit brought by former players has forced the sport to address the issue more forcefully. Those effort have taken on urgency as former players continue to speak out about the affect of head injuries on their post-retirement life. Former New England Patriots tight end Rob Gronkowski, who retired earlier this year, has said he sustained around 20 concussions playing football.The league unrolled new concussion protocol in 2016, then made major revisions again in 2017, all aimed at diagnosing players in a safer and more efficient manner. The league also recently launched a $3 million challenge to create a safer helmet.The number of concussions sustained by NFL players varies widely by year. In 2018, the NFL reported 214 total concussions in the preseason and regular season, the second lowest total since 2011. In 2017, it was 281, the highest in that time frame.The Amazon-NFL partnership was announced Thursday at the annual AWS re:Invent conference in Las Vegas, the company’s venue for product and customer announcements.To contact the authors of this story: Matt Day in Seattle at mday63@bloomberg.netEben Novy-Williams in New York at enovywilliam@bloomberg.netDina Bass in Seattle at dbass2@bloomberg.netTo contact the editor responsible for this story: Robin Ajello at rajello@bloomberg.net, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Saudi Aramco to Lead Elite $1 Trillion-Plus Club After IPO
    Bloomberg

    Saudi Aramco to Lead Elite $1 Trillion-Plus Club After IPO

    (Bloomberg) -- It seems like only yesterday equity investors had pegged $1 trillion as the dividing line between run-of-the-mill large cap companies and freakishly huge ones. Saudi Aramco just took things to a whole new level.The oil producer’s initial public offering Thursday valued the company at $1.7 trillion. That may have trailed Crown Prince Mohammed bin Salman’s hoped-for $2 trillion valuation, but it gives the Saudi Arabian behemoth about a $600 billion lead on Apple Inc. and Microsoft Inc., the only two other companies in the world worth more than $1 trillion.The race to $1 trillion had become something of a spectator sport in recent years as technology megacaps led the record-long bull market in U.S. stocks. Amazon.com Inc. and Google parent Alphabet Inc. have also been in the running, although neither passed the milestone.Saudi Aramco’s debut would mark the first time in a decade that the world’s largest publicly traded company is outside the U.S. In 2009, Exxon Mobil Corp. lost the title to PetroChina Co.\--With assistance from Lu Wang.To contact the reporter on this story: Richard Richtmyer in New York at rrichtmyer@bloomberg.netTo contact the editors responsible for this story: Courtney Dentch at cdentch1@bloomberg.net, Lu Wang, Brendan WalshFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Amazon Roundup: Thanksgiving Weekend Results & More
    Zacks

    Amazon Roundup: Thanksgiving Weekend Results & More

    Amazon challenged Pentagon contract award to Microsoft as the holiday season started.

  • Business Wire

    National Football League and Amazon Web Services Team Up to Transform Player Health and Safety Using Cloud Computing and Artificial Intelligence

    Amazon Web Services, Inc. (AWS), an Amazon.com company (NASDAQ: AMZN), and the National Football League (NFL) today announced a new partnership with a goal of advancing player health and safety using AWS’s unmatched portfolio of services and expertise. Building on the existing Next Gen Stats (NGS) partnership, and as the NFL marks its 100th season, AWS and the NFL will innovate together to shape the future of football.