Nasdaq AMZN Amazon

Amazon (NASDAQ: AMZN) is about to make the biggest change to its lineup in more than a quarter-century. Founder Jeff Bezos will formally relinquish his role as CEO, handing the reins to Andy Jassy, the head of Amazon Web Services (AWS), the company's cloud computing unit.

The European Commission and European Parliament's use of cloud computing services provided by Amazon and Microsoft has prompted two EU privacy investigations over concerns about the transfer of personal data to the United States.

The organizers of the Oscars on Thursday moved the date of the 2022 ceremony to late March, a month later than originally planned, and said that films released on streaming services would again qualify for Academy Awards consideration.

Draft rules targeted at Alphabet unit Google, Facebook, Amazon and Apple should be beefed up to allow regulators to vet their acquisitions of start-up rivals, Germany, France and the Netherlands said on Thursday.

Amazon's (NASDAQ: AMZN) blockbuster acquisition of MGM Studios for $8.4 billion could cause headaches for rival Netflix (NASDAQ: NFLX) as it creates a much more formidable competitor in the streaming arena.

The Dow was set to open slightly higher on Thursday after data showing fewer weekly jobless claims pointed to an improving outlook for the U.S. economy.

Amazon (NASDAQ: AMZN) and Walmart (NYSE: WMT) are both making noises of entering the healthcare field. Will these retailing giants try to build up their healthcare offerings from scratch? Or will they try to acquire existing businesses in the space?

Before markets open for trading, investors will be eyeing the latest weekly jobs data, as well as the April Durable Orders data, as they try to gauge how the Fed will react to these metrics.

Cloud computing makes it possible to access storage, computing, software, and other services through the internet. This helps enterprises save money and operate with more agility, eliminating the need to buy and maintain costly on-site hardware.

Mediaset shareholders on Thursday agreed to ditch a loyalty share scheme at the Italian broadcaster as part of a wider agreement struck earlier in May to end a years-long dispute with its second-largest investor, French media group Vivendi.

On Wednesday morning, Amazon (NASDAQ: AMZN) and MGM announced a definitive agreement under which the e-commerce and cloud computing specialist will acquire the movie studio, adding MGM's massive library of films and TV shows to Prime Video's already impressive slate of content.

U.S. stock index futures ticked lower on Thursday as investors turned to weekly unemployment claims data amid fears that signs of an improving economy would lead the Federal Reserve to start tapering its accommodative monetary policy.

EU privacy watchdog EDPS opened on Thursday two investigations into EU institutions' use of cloud computing services provided by Amazon and Microsoft, concerned about the transfer of Europeans' personal data to the United States.

Amazon (AMZN) will acquire MGM in a transaction that values the Hollywood studio at $8.45 billion. The acquisition, which will complement the work of Amazon Studios, is expected to boost the tech giant's content distribution business.

MGM will bolster Amazon Studios library with the addition of over 4,000 beloved film titles. Additionally, MGM will provide Amazon with an upcoming slate of films and a catalog of 17,000 TV shows. Well-known titles under the MGM belt include The Magnificent Seven and The Pink Panther.

Amazon has already affirmed its commitment to strengthening MGM and enhancing its heritage and catalog of films. It plans to offer customers wide access to current and upcoming works.

“The real financial value behind this deal is the treasure trove of IP in the deep catalog that we plan to reimagine and develop together with MGM’s talented team. It’s very exciting and provides so many opportunities for high-quality storytelling,” said Mike Hopkins, SVP of Prime Video and Amazon Studios.

The $8.45 billion acquisition is subject to regulatory approvals and fulfillment of other customary closing conditions. (See Amazon stock analysis on TipRanks)

Citigroup analyst Jason Bazinet believes there is ample room for Amazon to experience growth in the B2B business. The remarks come on the tails of the e-commerce giant's impressive first-quarter results and an outlook that beat analysts’ forecasts.

Bazinet has reiterated a Buy rating on Amazon on strong growth expectations in the business services platform. The analyst has also raised his stock price target to $4,175 from $3,750, implying 27.87% upside potential to current levels.

Consensus among analysts on Wall Street is a Strong Buy based on 31 Buy ratings. The average analyst price target of $4,298.55 implies 31.65% upside potential to current levels.

According to TipRanks’ Hedge Fund Trading Activity tool, confidence in AMZN is currently Very Positive. Hedge funds have increased their cumulative holdings by 660.5K shares in the last quarter.

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U.S. stocks closed out Wednesday's session with modest gains as recent comments from Federal Reserve officials helped tamp down concerns about runaway inflation and kept bond yields in check.

U.S. stocks closed out Wednesday's session with modest gains as recent comments from Federal Reserve officials helped tamp down concerns about runaway inflation and kept bond yields in check.

Virtual healthcare is going to be faster and cheaper than brick-and-mortar alternatives. During the pandemic lockdown, virtual healthcare has been an absolute necessity. And so Teladoc Health (NYSE: TDOC) is seeing amazing growth right now: 150% revenue growth in the most recent

U.S. stocks edged higher on Wednesday as recent comments from Federal Reserve officials helped tamp down concerns about runaway inflation and kept bond yields in check.

Teladoc Health (NYSE: TDOC) is top dog and first mover in providing virtual healthcare to people, insured or not. Right now, Amazon (NASDAQ: AMZN) is not competing directly with Teladoc, but that might change. Amazon now insures all its own employees, and it is offering its healt

Should Investors Be Watching These Top Streaming Stocks Now?While most of 2020’s top growth names have lost some momentum in the stock market this year, investors may want to consider streaming stocks. Sure, the pandemic lit a massive flame under the streaming industry over