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Amazon Prime Day to gauge US consumer strain as focus shifts to basics
Reuters47d agoneutral
Amazon Prime Day to gauge US consumer strain as focus shifts to basics

Amazon Prime Day starting on Tuesday will be a litmus test of U.S. shoppers' spending power, with the earlier-than-usual sales event increasingly centered on perishable groceries, household basics and back-to-school needs ‌rather than carefree splurges. The four-day blitz running June 23 to 26, comes after Amazon shifted it from July, citing a calendar crowded ‌by the FIFA World Cup and the 250th anniversary of U.S. independence. What shoppers add to ​their carts is as important as how much they spend, helping gauge whether recent U.S. consumer resilience is holding or beginning to crack.

Amazon (AMZN): The Best High Quality Stock to Buy for the Long Term
Insider Monkey47d agobullish
Amazon (AMZN): The Best High Quality Stock to Buy for the Long Term

Amazon.com, Inc. (NASDAQ:AMZN) is one of the 12 High Quality Stocks to Buy for the Long Term. On June 16, 2026, PennyMac Financial Services (PFSI) expanded its strategic agreement with Amazon Web Services, an Amazon.com, Inc. (NASDAQ:AMZN) company, to accelerate its transformation into an AI-driven mortgage technology leader. PennyMac is using AWS’ generative AI capabilities […]

The One Stock Now Controlling DIA’s Next Move: Why Caterpillar’s Power Generation Backlog Matters More Than Apple
24/7 Wall St.47d agoneutral
The One Stock Now Controlling DIA’s Next Move: Why Caterpillar’s Power Generation Backlog Matters More Than Apple

The SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) has climbed about 7% year to date and is up almost 22% over the past year, but those returns hide a dramatic shift in what drives DIA. Because the Dow is price-weighted, the highest-priced stock carries the most influence, and Caterpillar’s (NYSE:CAT) 73% YTD surge to ... The One Stock Now Controlling DIA’s Next Move: Why Caterpillar’s Power Generation Backlog Matters More Than Apple

Jeff Bezos Sets His Sights on a $70 Trillion Market. That’s 10X Bigger than the Ecommerce Market Amazon Dominated
24/7 Wall St.47d agoneutral
Jeff Bezos Sets His Sights on a $70 Trillion Market. That’s 10X Bigger than the Ecommerce Market Amazon Dominated

Jeff Bezos built one of the largest fortunes in history by dominating a roughly $7 trillion global ecommerce market. His next act aims at a target an order of magnitude larger. In his first sit-down as a chief executive since leaving Amazon, Bezos told CNBC’s David Faber that his new venture, Prometheus, is going after ... Jeff Bezos Sets His Sights on a $70 Trillion Market. That’s 10X Bigger than the Ecommerce Market Amazon Dominated

We’re Bullish on Amazon With 36% Upside From Current Levels
24/7 Wall St.47d agoneutral
We’re Bullish on Amazon With 36% Upside From Current Levels

Amazon (NASDAQ:AMZN) trades at $237.50 after a 10.33% pullback over the last month. With AWS reaccelerating, advertising compounding, and custom silicon scaling fast, I see the recent weakness as a setup for upside. Our 24/7 Wall St. price target for Amazon is $322.05 over the next 12 months, implying 35.6% upside. Our recommendation is buy, ... We’re Bullish on Amazon With 36% Upside From Current Levels

Murdoch’s $23 Billion Bet Could Change Everything for Fox
24/7 Wall St.48d agoneutral
Murdoch’s $23 Billion Bet Could Change Everything for Fox

Rich Greenfield of LightShed Partners just framed the most consequential strategic pivot in legacy media in a decade. On CNBC, the analyst argued that Fox (NASDAQ:FOXA) is doing something none of its peers had the nerve to attempt: skipping the streaming arms race entirely and buying the toll booth instead. The deal: Fox is acquiring ... Murdoch’s $23 Billion Bet Could Change Everything for Fox

Apple Will Raise Prices Due To Soaring Memory Costs: CEO Tim Cook Says 'This Is A 100-Year Flood'
Benzinga48d agobullish
Apple Will Raise Prices Due To Soaring Memory Costs: CEO Tim Cook Says 'This Is A 100-Year Flood'

Apple Inc. is preparing to raise prices across its product lineup after CEO Tim Cook acknowledged the company can no longer absorb skyrocketing costs for memory and storage components. Apple To Raise Prices “Unfortunately, price increases are unavoidable,” Cook said in a Wall Street Journal interview published Wednesday. “We’re doing our best to mitigate the huge increases that are being passed to us, but the situation has become unsustainable.” Don’t Miss: A single bad hire can set a startup ba