Thomas Kurian shows he’s not afraid to bench long-timers at Google Cloud as he pursues growth

Thomas Kurian, CEO of Alphabet’s Google Cloud, speaks at the Google Cloud Next conference in San Francisco on April 9, 2019. Michael Short | Bloomberg | Getty Images As a part of a recent reorganization within Google Cloud, CEO Thomas Kurian sidelined multiple tenured company veterans — one way he’s is living up to the … Read more

FTC signals a focus on non-competes and reporting loopholes after study of tech mergers

FTC Commissioner nominee Lina M. Khan testifies during a Senate Committee on Commerce, Science, and Transportation confirmation hearing on Capitol Hill in Washington, DC, April 21, 2021. Graeme Jennings | AFP | Getty Images The Federal Trade Commission signaled greater scrutiny of merger reporting requirement loopholes and non-competes at its open meeting Wednesday. The agency … Read more

Savings app Acorns hires former Amazon executive as president, says crypto investing is coming

Acorns president David Hijirida Courtesy: Mo Osborne | Acorns Investing and savings app Acorns has hired a former Amazon executive and fintech CEO to lead day-to-day operations ahead of the start-up’s debut as a public company, CNBC has learned. The company is set to announce Wednesday that it named David Hijirida as president, according to … Read more

Walmart+ is gaining momentum, hits 32 million members, Deutsche Bank estimates

The Walmart+ home screen on a laptop computer in Brooklyn, New York on Wednesday, Nov. 18, 2020. Gabby Jones | Bloomberg | Getty Images Walmart‘s membership program, Walmart+, is gaining momentum and attracting younger, higher-income shoppers, according to a research note published Tuesday by Deutsche Bank. The subscription service — which launched almost exactly one … Read more

Evercore ISI hikes Amazon price target, says beefed up delivery network will boost stock

An Amazon delivery worker pulls a delivery cart full of packages during its annual Prime Day promotion in New York City, June 21, 2021. Brendan McDermid | Reuters Amazon has been pouring money into its delivery market, and it should make its Prime membership program an even more valuable product for customers and the company, … Read more

Here are Monday’s biggest analyst calls of the day: Amazon, Apple, Nike, Exxon, GM & more

Here are the biggest calls on Wall Street on Source link

Goldman Sachs is cautiously optimistic on internet stocks. Here are its favorite picks

The logos of Google, Facebook, Instagram, Twitter, Snapchat and TikTok displayed on a computer screen. Denis Charlet | AFP via Getty Images There is still room to run for internet stocks that have dominated the market in recent years, but investors should get more selective, according to Goldman Sachs. Source link

Amazon likely front-runner for multi-year NFL Sunday Ticket deal, sources say

Dallas Cowboys wide receiver Brandon Smith during the game between the Dallas Cowboys and the Jacksonville Jaguars Matthew Pearce | Icon Sportswire | Getty Images Amazon is in talks to acquire the rights for the National Football League’s “Sunday Ticket” package and is seen as the front-runner by others involved in talks with the league, … Read more

Amazon’s top third-party seller in US plans to go public via SPAC

An Amazon.com delivery driver carries boxes into a van outside of a distribution facility on February 2, 2021 in Hawthorne, California. Patrick T. Fallon | AFP | Getty Images The top U.S. seller on Amazon’s sprawling marketplace is getting in on the SPAC boom. Packable, the parent company of Pharmapacks, said Thursday it plans to … Read more

Microsoft indefinitely postpones return to U.S. offices as Covid cases surge

Satya Nadella, chief executive officer of Microsoft Corp., speaks during the Microsoft Developers Build Conference in Seattle, Washington, U.S., on Monday, May 7, 2018. The Build conference, marking its second consecutive year in Seattle, is expected to put emphasis on the company’s cloud technologies and the artificial intelligence features within those services. Photographer: Grant Hindsley/Bloomberg … Read more