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Reuters54d agobullish
Canada's Nuvei to buy Payoneer for $2.75 billion in cross-border payments push

Nuvei will buy cross-border payments firm Payoneer for about $2.75 billion in cash, the companies said on Monday, ‌as the Canadian fintech aims to expand globally. Nuvei will buy ‌all shares of Payoneer for $7.40 apiece, a premium of about 44% to their last ​close on June 8. Payoneer has a market capitalization of about $2.26 billion, according to data compiled by LSEG.

Fox to buy streaming pioneer Roku in a $22 billion deal
Associated Press54d agobullish
Fox to buy streaming pioneer Roku in a $22 billion deal

Fox Corp. has agreed to buy the streaming pioneer Roku in a cash-and-stock deal valued at approximately $22 billion, including debt. Roku will continue to be run as an open, partner-friendly platform, the companies said Monday, and there appears to be no immediate changes that customers will see. Fox and Roku said that the combined company will become the third-largest player in U.S. television by share of viewing.

Amazon (AMZN) Moves To Unlock An Entire Continent, How Big Is The Target Market?
Insider Monkey54d agoneutral
Amazon (AMZN) Moves To Unlock An Entire Continent, How Big Is The Target Market?

Amazon.com Inc. (NASDAQ:AMZN) is one of the 10 Stocks That Can Still Skyrocket On The Neo Cloud Boom. On June 4, Amazon.com Inc. (NASDAQ:AMZN) introduced its Amazon Prime service in South Africa as part of its effort to become one of the dominant retailers in the country. With its high demand, the company priced the […]

Jim Cramer on Simon Property Group: “Terrific Record, Buy It”
Insider Monkey54d agobullish
Jim Cramer on Simon Property Group: “Terrific Record, Buy It”

Simon Property Group, Inc. (NYSE:SPG) was among the stocks Jim Cramer highlighted during Mad Money, as he noted the rotation into defensive sectors. Cramer highlighted the stock’s yield, as he said: … Simon Property Group. The late great David Simon put together the best collection of shopping malls in America. The stock now yields 4.15%. […]

Musk says SpaceX could bring $1 trillion in revenue by 2030
Reuters54d agoneutral
Musk says SpaceX could bring $1 trillion in revenue by 2030

Elon Musk said on Sunday that his rocket company, SpaceX, ‌could bring in $1 trillion in revenue ‌by 2030, making the statement two days after the ​company went public, valuing it at over $2 trillion. "And I would be surprised if revenue is not greater than $1T in 2031," he ‌wrote on his ⁠social media platform X, replying to journalist and financial commentator Jon Erlichman. SpaceX ⁠on Friday became the sixth-largest U.S. firm, cementing Musk's status as the world's first ​trillionaire.

Amazon Graviton5 Chip Aims To Deepen AWS AI Margins And Moat
Simply Wall St.55d agoneutral
Amazon Graviton5 Chip Aims To Deepen AWS AI Margins And Moat

Amazon.com (NasdaqGS:AMZN) has introduced its Graviton5 custom processor for Amazon Web Services (AWS). The chip is now generally available for customers using AWS cloud infrastructure. Graviton5 is aimed at AI and high performance cloud workloads using in house silicon. For investors following Amazon, this move sits at the core of its AWS business, which provides cloud infrastructure and services to a wide range of enterprises and developers. Custom chips like Graviton5 can be important in...

Investing.com55d agoneutral
How ‘agentic’ is AI shopping today

Investing.com -- Agentic shopping is the use of AI agents to carry out parts of the shopping process on behalf of the customer instead of merely providing recommendations. Google’s agentic shopping protocol, for instance, enables agents to work across different parts of the buying processes, including discovery and post-purchase support. But has agentic shopping reached the capacity to directly make shopping decisions on customers’ behalf?

Amazon.com Inc. (AMZN) Shows How Logistics Scale Can Become a Broader E-Commerce Service
Insider Monkey55d agoneutral
Amazon.com Inc. (AMZN) Shows How Logistics Scale Can Become a Broader E-Commerce Service

Amazon.com, Inc. (NASDAQ:AMZN) is one of the best e-commerce stocks to buy as global sales hit records. The company’s advantage in online retail has long been tied to fulfillment depth, and Amazon is now pushing more of that logistics infrastructure beyond its own marketplace. On June 10, Amazon Supply Chain Services launched a less-than-truckload freight […]

Kohl's CEO triggers major price cuts ahead of summer shopping season
TheStreet55d agobearish
Kohl's CEO triggers major price cuts ahead of summer shopping season

In 2015, Amazon held the first-ever Prime Day, a 24-hour savings bonanza that marked the online retailer’s 20th anniversary. That singular event changed the landscape of seasonal sales. Where department stores used to hold end-of-season discounting events twice a year, typically in August and ...

Coinbase's D'Agostino reveals the plan to put all of finance on one app
TheStreet55d agoneutral
Coinbase's D'Agostino reveals the plan to put all of finance on one app

Amazon started by selling books. Then it sold everything, and along the way it rebuilt the infrastructure that the rest of retail now runs on. That is the lens James Heckman, CEO of Roundtable, put to Coinbase in a conversation on the floor of the New York Stock Exchange, a company that started by ...

3 Cloud Computing Stocks to Load up on in June
24/7 Wall St.55d agoneutral
3 Cloud Computing Stocks to Load up on in June

Hyperscaler cloud platforms are doing something rare in the AI era: turning eye-watering capital expenditures into accelerating top-line growth. With Q2 earnings reports landing in July, June is shaping up as a positioning window for the three mega caps that dominate enterprise cloud. Each just printed cloud growth that re-accelerated, each is sitting on contracted ... 3 Cloud Computing Stocks to Load up on in June

Pinterest Links Amazon Storefronts And AWS To Support AI Shopping
Simply Wall St.55d agoneutral
Pinterest Links Amazon Storefronts And AWS To Support AI Shopping

Pinterest (NYSE:PINS) is rolling out Amazon Storefront linking for creators, allowing direct integration of Amazon influencer profiles into Pinterest. The company is also expanding its multi billion dollar partnership with Amazon Web Services to support AI and visual discovery features. Together, these updates aim to strengthen Pinterest's position as a product discovery and shopping platform for users, creators, and brands. Pinterest sits at the intersection of visual inspiration, product...

Amazon Expands Satellite, Cloud And Robotics Investments As Valuation Gap Widens
Simply Wall St.56d agoneutral
Amazon Expands Satellite, Cloud And Robotics Investments As Valuation Gap Widens

Amazon.com (NasdaqGS:AMZN) plans to acquire Apple’s 20% stake in satellite operator Globalstar as part of an $11.6b satellite communications agreement tied to its Project Leo plans. The company also announced a new multi billion dollar AWS partnership with Pinterest, expanding its cloud reach into a major social media platform. In Europe, Amazon is rolling out a new generation of AI powered warehouse robots aimed at improving fulfillment efficiency and logistics capabilities. Amazon.com,...

Amazon.com, Inc. (AMZN) Pursues Canadian Bond to Finance $200B AI Data Center Investment Spree
Insider Monkey56d agoneutral
Amazon.com, Inc. (AMZN) Pursues Canadian Bond to Finance $200B AI Data Center Investment Spree

Amazon.com, Inc. (NASDAQ:AMZN) is one of the most promising growth stocks to buy now. On June 8, Amazon.com, Inc. (NASDAQ:AMZN) completed the sale of C$14 billion ($10 billion) in investment-grade bonds in Canada. It marked the largest corporate bond offering in Canadian dollars, attracting C$28 billion in orders from investors amid strong global demand for […]