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Amazon could soar 23% on these 5 investment drivers in 2021, BofA says

David McNew/Getty Images Amazon could surge 23% to $4,000, Bank of America said in a note on Thursday.The e-commerce retailer will be facing tough earnings comps in 2021, but multiple expansion could still drive the stock higher, according to BofA.These are the 5 investment drivers that could push Amazon higher in 2021, according to BofA.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Amazon will face tough comparable sales in 2021 after it saw a surge in business ...
Tags: Google, Amazon, Facebook, Trends, Bank Of America, Goldman Sachs, Goldman, GAAP, FANG, BofA, Winklevoss, Matthew Fox, David McNew, GETTY IMAGES Amazon, COVID, Things Before the Opening Bell Amazon


What happened last week? Biden introduced a $1.9 trillion stimulus plan, Parler sued Amazon, and Loews Hotels cancelled a fundraiser for a senator.

Vice President Mike Pence elbow bumps with a member of the National Guard outside the U.S. Capitol on January 14. Alex Brandon/Pool via Reuters What happened last week? President-elect Joe Biden introduced a $1.9 trillion stimulus plan. Parler filed a lawsuit against Amazon, alleging antitrust violations. Loews Hotels said it cancelled a February fundraiser for Senator Josh Hawley. Visit Business Insider's homepage for more stories. What happened last week?As Washington last week readied f...
Tags: Apple, Google, Amazon, Florida, UK, Washington, US, Trends, Tech, Joe Biden, Silicon Valley, The New York Times, Biden, Donald Trump, Delaware, Trump


Amazon hit with class action antitrust lawsuit claiming it colluded with major publishers to illegally drive up ebook prices by 30%

Amazon CEO Jeff Bezos holds two Kindle Fire HD devices during a press conference on September 6, 2012 in Santa Monica, California. David McNew/Getty Images Amazon is facing fresh antitrust scrutiny after consumers Thursday accusing the company of illegally colluding with major book publishers to drive up prices for ebooks. The lawsuit claimed that Amazon negotiated anticompetitive deals in 2015 with the "big five" publishers — Hachette, HarperCollins, Macmillan, Penguin Random House, and...
Tags: Apple, Amazon, Ebooks, Publishing, News, Media, Kindle, US, Trends, Markets, Eu, Bloomberg, Retail, Lawsuits, Antitrust, Hachette


13 things you probably didn't know about Jeff Bezos

Amazon CEO Jeff Bezos. MARK RALSTON/AFP via Getty Images Amazon founder and CEO Jeff Bezos, who turns 57 on January 12, was born in New Mexico to a teenage mother and father.  Even at a young age, he showed a knack for engineering and inventing. You might not know that Bezos almost named his wildly successful company "Cadabra." In August 2020, he became the first person to accumulate a fortune of over $200 billion. Visit Business Insider's homepage for more stories. Jeff Bezos is known as ...
Tags: Amazon, Spacex, Texas, Jay Leno, Washington, Life, Wall Street, New York City, US, Trends, Cnn, Features, Ted Cruz, Billionaires, Holland, New Mexico


Amazon joins Airbnb, Marriott, and other US corporate giants in cutting off donations to Republican lawmakers who opposed Biden's certification as president

Supporters of US President Donald Trump broke into the US Capitol on January 6, 2021, in Washington, DC. SAUL LOEB/AFP via Getty Images Amazon has become the latest US corporate giant to cut off donations to GOP lawmakers who objected to certifying Democrat Joe Biden as president. It joins Morgan Stanley, Dow, and AT&T in deciding to cut funding to specific Republicans. Separately, JP Morgan, Citibank, Microsoft, and Facebook said they will temporarily pause all political donations to both...
Tags: Google, Amazon, Facebook, Politics, Microsoft, Congress, Hotels, Finance, Senate, Boston, US, Trends, Tech, General Motors, Bloomberg, Joe Biden


Capitol siege puts a chill on advertisers' Inauguration Day plans

Hi! Welcome to the Insider Advertising daily for January 11. I'm Lauren Johnson, a senior advertising reporter at Business Insider. Subscribe here to get this newsletter in your inbox every weekday. Send me feedback or tips at [email protected]'s news: Advertisers mull Inauguration Day plans, cable giants face pressure for distributing conservative news, and tech giants cut off Parler. U.S. President-elect Joe Biden speaks to the media after receiving a briefing from the...
Tags: Apple, Google, UK, Media, Advertising, Marketing, US, Trends, Joe Biden, Comcast, Digital Media, Marriott, Roku, Warner Music, Biden, Olive Garden


Amazon's decision to sever ties with Parler might not kill the controversial social media platform

Amazon Web Services will kick Parler off its platform on Sunday at 11:59 p.m. Pacific time. OLIVIER DOULIERY/AFP via Getty Images Amazon will kick Parler off its web servers, leaving the controversial social network to scramble for a new web host. Tech giants including Apple, Google, and Amazon have all recently backed away from Parler, an app that mainly appealed to far-right conservatives with limited content moderation. Parler CEO John Matze said the site could be down for up to a week,...
Tags: Apple, Google, Amazon, News, Washington, US, Trends, Social Media, Aws, Quinn, Donald Trump, Pacific, Carnegie Mellon University, Amazon Web Services, New York University, Trump


Amazon is removing Parler from its web hosting service, meaning the platform will go offline Sunday if it can't find another host

OLIVIER DOULIERY/AFP via Getty Images Amazon is removing the fast-growing social media network Parler from its web hosting service, according to an email obtained by BuzzFeed News. Amazon confirmed the authenticity of the letter to Insider. Amazon Web Services said Parler violated its terms of service due to an increase in violent content shared on the website. Unless Parler is able to find an alternative hosting platform, the website will go offline Sunday night. The move comes after Goo...
Tags: Apple, Google, Amazon, Buzzfeed, Trends, Social Media, Silicon Valley, Donald Trump, Amazon Web Services, Trump, Amazon Google, US Capitol, Tech Insider, Olivier Douliery, Parler, GETTY IMAGES Amazon


The airline industry's loss is Amazon's gain as the e-commerce giant purchases 11 Boeing 767 airliners to use as cargo planes

An Amazon Prime Air Boeing 767-300ER Freighter. Stephen Brashear / Stringer / Getty Images Amazon just purchased 11 Boeing 767-300ER aircraft to be converted into cargo freighters for its Prime Air fleet. The former airliners most recently flew for Delta Air Lines and WestJet and became casualties of the pandemic once international borders closed. The first aircraft will fly this year with the rest taking to the skies by the end of 2022. Visit Business Insider's homepage for more stories. ...
Tags: Amazon, Transportation, News, Air Travel, Australia, Planes, Israel, US, Trends, Amazon Prime, Flying, Canada, Delta, Prime Air, Qantas, Airbus


Amazon launches a $2 billion housing fund to build or preserve more than 20,000 affordable homes

Amazon CEO Jeff Bezos. MANDEL NGAN/AFP via Getty Images Amazon will create or preserve more than 20,000 affordable homes in Washington, Virginia, and Tennessee through a new $2 billion housing equity fund, it announced Wednesday. Amazon's Housing Equity Fund will provide below-market loans and grants to housing partners, public agencies, and minority-led organizations, it said. The housing will be targeted at households making between 30% and 80% of the area's median income, it added. The ...
Tags: Amazon, Real Estate, Washington, Virginia, Trends, Tennessee, Nashville, Berkshire Hathaway, Jeff Bezos, Affordable Housing, Affordable Homes, Jpmorgan, Nashville Tennessee, Arlington, Urban Institute, Arlington Virginia


Amazon has surpassed Boeing as Washington state's largest employer after a year of monumental growth spurred by the pandemic

Amazon CEO Jeff Bezos. MANDEL NGAN/AFP via Getty Images Amazon has become Washington state's largest private employer, usurping airplane manufacturer Boeing, according to the Seattle Times.  The ecommerce giant added a total of 400,000 new jobs in 2020, with 16,500 of them based in Washington. That brings Amazon's total to 80,000 employees in Washington.  By comparison, Boeing has 58,800 Washington-based employees, according to the Times, following several rounds of buyouts this year.  Boe...
Tags: Amazon, Transportation, Washington, Trends, The Times, Jeff Bezos, Times, Boeing, Seattle Times, Tech Insider, Boeing 737 MAX, Avery Hartmans, GETTY IMAGES Amazon, 737 Max, Seattle Times Boeing, NGAN AFP


Amazon closes New Jersey warehouse after COVID-19 outbreak

Kyodo News via Getty Images Amazon is closing one of its warehouses in New Jersey due to an uptick in COVID-19 cases, the company said Sunday. The facility in Robbinsville Township will be closed until December 26, CNBC reported. As of October, nearly 20,000 Amazon employees had confirmed cases of COVID-19. Visit Business Insider's homepage for more stories. Amazon is suspending operations at a warehouse in New Jersey after detecting an uptick in positive test results for COVID-19, the co...
Tags: Amazon, Trends, New Jersey, Retail, Charles Davis, Cnbc, Seattle Times, Kyodo News, GETTY IMAGES Amazon, Robbinsville Township, Coronavirus, COVID-19, COVID


DON'T MISS TODAY: What's next for Amazon in healthcare? A conversation with Business Insider reporter Blake Dodge about the e-commerce player's giant ambitions

Amazon's continued push into healthcare is important to Jeff Bezos, its chief executive, who recently has been paying a lot of attention to telehealth. Mandel Ngan/AFP via Getty Images Amazon is looking to disrupt the healthcare industry. Want to learn more about Amazon's ambitions? Sign up for our live conversation on Friday at 1 PM ET with Business Insider healthcare reporters. Visit Business Insider's homepage for more stories. Amazon is plotting a major move to shake up healthcare,...
Tags: Amazon, Trends, Cigna, Jeff Bezos, Blake, UnitedHealth Group, GETTY IMAGES Amazon, Mandel Ngan AFP, BLAKE DODGE, ET Business Insider, Lydia Ramsey Pflanzer


DON'T MISS FRIDAY: What's next for Amazon in healthcare? A conversation with Business Insider reporter Blake Dodge about the e-commerce player's giant ambitions

Amazon's continued push into healthcare is important to Jeff Bezos, its chief executive, who recently has been paying a lot of attention to telehealth. Mandel Ngan/AFP via Getty Images Amazon is looking to disrupt the healthcare industry. Want to learn more about Amazon's ambitions? Sign up for our live conversation on Friday at 1 PM ET with Business Insider healthcare reporters. Visit Business Insider's homepage for more stories. Amazon is plotting a major move to shake up healthcare,...
Tags: Amazon, Trends, Cigna, Jeff Bezos, Blake, UnitedHealth Group, GETTY IMAGES Amazon, Mandel Ngan AFP, BLAKE DODGE, ET Business Insider, Lydia Ramsey Pflanzer


What's next for Amazon in healthcare? Join a conversation on Friday with Business Insider reporter Blake Dodge about the e-commerce player's giant ambitions

Amazon's continued push into healthcare is important to Jeff Bezos, its chief executive, who recently has been paying a lot of attention to telehealth. Mandel Ngan/AFP via Getty Images Amazon is looking to disrupt the healthcare industry. Want to learn more about Amazon's ambitions? Sign up for our live conversation on Friday at 1 PM ET with Business Insider healthcare reporters. Visit Business Insider's homepage for more stories. Amazon is plotting a major move to shake up healthcare,...
Tags: Amazon, Trends, Cigna, Jeff Bezos, Blake, UnitedHealth Group, GETTY IMAGES Amazon, Mandel Ngan AFP, BLAKE DODGE, ET Business Insider, Lydia Ramsey Pflanzer


Amazon eyes podcast company Wondery

Hi! Welcome to the Insider Advertising daily for December 3. I'm Lauren Johnson, a senior advertising reporter at Business Insider. Subscribe here to get this newsletter in your inbox every weekday. Send me feedback or tips at [email protected]'s news: Amazon eyes Wondery, how PR firm Red Havas is refocusing its business, and leaked Fashion Nova campaign briefs. Amazon CEO Jeff Bezos. Andrej Sokolow/picture alliance via Getty Images Amazon is reportedly considering bu...
Tags: Apple, Amazon, Verizon, Media, Advertising, Marketing, Trends, Sony, Wall Street Journal, Influencer Marketing, Cnbc, Travis Scott, Paul Carr, McDonald, Havas, Pando


Amazon is reportedly considering buying Wondery in a deal that could value the podcast startup at $300 million

Amazon CEO Jeff Bezos in 2019. MARK RALSTON/AFP via Getty Images Amazon is considering buying Wondery, the world's largest independent podcast publisher, the Wall Street Journal reported. Sources say the talks value Wondery at $300 million, which would make for the podcast industry's largest deal if the negotiations go through. Apple and Sony were reported to be among four companies that were holding preliminary talks in November to buy Wondery, which was seeking between $300 million and $...
Tags: Apple, Google, Amazon, Spotify, News, Media, Podcasts, US, Trends, Bloomberg, Sony, John, Jeff Bezos, Wall Street Journal, WSJ, Kim Kardashian West


Amazon will give front-line workers an extra $500 million in bonuses by the end of the year

Ina Fassbender/AFP via Getty Images Amazon said it will give out $500 million in bonuses. In December, full-time employees will get $300 bonuses and part-time employees will get $150 bonuses. Other retailers like Walmart and Home Deport have made similar moves. Visit Business Insider's homepage for more stories. Amazon will pay out $500 million in holiday bonuses to front-line workers, the company said in a blog post Thursday.The money will be payed out in $300 bonuses for full-time emplo...
Tags: Amazon, Home Depot, Trends, Walmart, Amazon Read, Amazon and Whole Foods, GETTY IMAGES Amazon, Mary Meisenzahl, INA FASSBENDER AFP


Amazon is using union-busting Pinkerton spies to track warehouse workers and labor movements at the company, according to a new report

Amazon CEO Jeff Bezos. Mandel Ngan/AFP via Getty Images Amazon has hired detectives with the infamous Pinkerton spy agency to monitor European workers' labor union organizing efforts, per a Motherboard report. The outlet obtained leaked documents from Amazon's Global Security Operations Center, where data analysts can easily track workers' union organizing activities down to the date, time, and location. Pinkerton spies have a history of busting up unions: Their involvement in a steelworke...
Tags: Amazon, Facebook, Europe, New York, News, Americas, US, Trends, Eu, Retail, Motherboard, Greenpeace, Jeff Bezos, Workers Rights, Tech Companies, Afp


Amazon insists Northern Ireland isn't part of the UK while answering a complaint about Prime, then apologizes

An Amazon delivery driver. John Keeble/Getty Images Amazon apologized on Saturday after its social media support team insisted that Northern Ireland wasn't part of the UK. It followed a complaint made by a customer living in Northern Ireland who said he couldn't watch live rugby on Amazon Prime. Amazon's official support Twitter account responded that he couldn't watch because "Rugby Autumn Nations Cup coverage is exclusively available to Prime members based in the UK."  Hours later, the A...
Tags: Amazon, UK, Scotland, US, Trends, Amazon Prime, Ireland, Republic Of Ireland, Northern Ireland, Briain, AmazonAmazon, Amazon Prime Amazon, GETTY IMAGES Amazon, Amazon Help, Kate Duffy, John Keeble


'Gearing up for a big 4Q with fulfillment and COVID investment': Here's what 4 Wall Street analysts had to say about Amazon's 3rd-quarter earnings report

Paul Hennessy/NurPhoto via Getty Images Amazon posted a strong third-quarter earnings beat on Thursday, but its stock suffered in Friday trades on a tepid fourth-quarter outlook.Amazon CEO Jeff Bezos said customers are shopping early for their holiday gifts, "which is just one of the signs that this is going to be an unprecedented holiday season."Here's what four Wall Street analysts had to say about Amazon's 3rd-quarter earnings report.Visit Business Insider's homepage for more stories.Am...
Tags: Amazon, Finance, America, Trends, Markets, Earnings, Trading, Goldman Sachs, Jeff Bezos, Goldman, Jpmorgan, Stifel, BofA, AMZN, Matthew Fox, Andrew Left


The Justice Dept just slapped Google with a landmark antitrust lawsuit. That could be bad news for Amazon, Facebook, and Apple.

Google CEO Sundar Pichai KENZO TRIBOUILLARD/AFP via Getty Images The Department of Justice filed an antitrust lawsuit against Google Tuesday morning, which could be have implications for other tech giants Apple, Facebook, and Amazon. If Google loses it could encourage lawmakers to rein in other tech giants, potentially going as far as breaking up parts of their business. Successful antitrust action could mean Amazon loses important third-party seller data, and Apple loses control over its ...
Tags: Apple, Google, Amazon, Facebook, Mark Zuckerberg, Spotify, Politics, News, Instagram, Microsoft, Congress, Youtube, US, Trends, Tech, House


The Justice Department just slapped Google with a landmark antitrust lawsuit. That could be bad news for Amazon, Facebook, and Apple.

Google CEO Sundar Pichai. KENZO TRIBOUILLARD/AFP via Getty Images The Department of Justice filed an antitrust lawsuit against Google Tuesday morning, which could be have implications for Apple, Facebook, and Amazon. If Google loses, lawmakers could be encouraged to rein in other tech giants, potentially going as far as breaking up parts of their business. Successful antitrust action could mean Amazon loses important third-party seller data and Apple loses control over its App Store market...
Tags: Apple, Google, Amazon, Facebook, Mark Zuckerberg, Spotify, Politics, News, Instagram, Microsoft, Congress, Youtube, US, Trends, Tech, House


Amazon is facing a 'high-stakes shipping gauntlet' just months after recovering from widespread delays, as it attempts to pull off its biggest Prime Day ever

Amazon is bracing for its biggest Prime Day ever. Sean Gallup/Getty Images Amazon's 48-hour Prime Day event started early Tuesday morning.  Moody's analyst Charlie O'Shea told Business Insider that Prime Day will serve as a litmus test to see if Amazon is able to keep up with its exponential growth. The sales event will trigger a surge in orders that will weigh on Amazon's delivery network, with Moody's estimating that the company's fourth-quarter shipping expenses could reach nearly $20 b...
Tags: Amazon, Trends, Costco, Business Insider, Shea, Moody, Walmart Target, Kate Taylor, GETTY IMAGES Amazon, Charlie O Shea, INA FASSBENDER AFP, Sean Gallup Getty Images Amazon


Amazon is rolling out a tool designed to rescue shoppers who are desperate to snag a time slot for grocery pickup and delivery

An employee of grocery delivery service Amazon Fresh between two rows of shelves. Monika Skolimowska/picture alliance via Getty Images Amazon has created a new tool to help customers find a grocery delivery slot when demand is surging. Amazon's vice president of grocery, Stephenie Landry, told Recode this week that the company added the option to sign up to be notified when a delivery slot is available. When the space opens up, customers will have two hours to place their order. The new fe...
Tags: Amazon, UK, Whole Foods, US, Trends, Walmart, Retail, San Jose, Instacart, Grocery Delivery, Amazon Fresh, Landry, Recode, Amazon Walmart, Tech Insider, Avery Hartmans


Amazon is adding a way for shoppers trying to order grocery delivery to reserve a virtual place in line during surges in demand

An employee of grocery delivery service Amazon Fresh between two rows of shelves. Monika Skolimowska/picture alliance via Getty Images Amazon has created a new tool to help customers find a grocery delivery slot when demand is surging. Amazon's vice president of grocery, Stephenie Landry, told Recode this week that the company added the option to sign up to be notified when a delivery slot is available. When the space opens up, customers will have two hours to place their order. The new fe...
Tags: Amazon, UK, Whole Foods, US, Trends, Walmart, San Jose, Instacart, Grocery Delivery, Amazon Fresh, Landry, Recode, Amazon Walmart, Tech Insider, Avery Hartmans, GETTY IMAGES Amazon


Inside Amazon's "whirlwind courtship" of Whole Foods, as told by the grocery chain's founder John Mackey

Whole Foods Market CEO John Mackey described waking up one morning and thinking, "what about Amazon? Is there a chance they might be interested?" Mark Wilson/Getty Images Amazon purchased Whole Foods Market for an estimated $13.7 billion in 2017. Founder and CEO John Mackey wrote about the merger in his new book "Conscious Leadership."  Mackey said that Whole Foods was looking for a buyer after hedge fund JANA Partners acquired 8.8% of the grocery chain's stock. In the grocery chain CEO's ...
Tags: Amazon, New York, Whole Foods, Trends, Austin, Retail, Berkshire Hathaway, Warren Buffett, Jeff Bezos, Mark Wilson, Seattle, Whole Foods Market, John Mackey, Bezos, Mackey, Jana Partners


Amazon sales of certain thermometers, masks, and pulse oximeters skyrocket overnight after Trump tests positive for COVID

Sales of certain masks spiked on Amazon after President Trump tested positive for COVID-19. JIM WATSON/AFP via Getty Images Amazon sales of certain thermometers, disinfecting wipes, and fingertip pulse oximeters spiked on Friday, after President Donald Trump and First Lady Melania Trump tested positive for COVID-19.  For example, sales of Femometer's medical oral thermometer spiked 248% overnight on Amazon, according to Jungle Scout data. Some companies have spent months preparing for a sp...
Tags: Amazon, Trends, Donald Trump, Wall Street Journal, Business Insider, Trump, Melania Trump, Scott, Amazon Amazon, JIM WATSON, Kate Taylor, Matthew Fox, Amazon Brand, GETTY IMAGES Amazon, Wyze, Femometer


Amazon removed listings for Proud Boys shirts using President Trump's 'stand back and stand by' quote

A Trump supporter looks on during clashes between the Alt-Right Proud Boy group and Black Lives Matter protesters in Portland, Oregon on August 22, 2020. Paula Bronstein/Getty Images Amazon removed listings on Wednesday for shirts featuring a logo for the far-right group the Proud Boys. Trump's quote "stand back, stand by" from Tuesday night's presidential debate was on the merchandise. Amazon subsequently removed the items, a company spokesperson confirmed to Business Insider. "All seller...
Tags: Amazon, Trends, Joe Biden, Portland Oregon, Donald Trump, Black Lives Matter, Trump, Southern Poverty Law Center, Sleeping Giants, Tech Insider, Proud Boys, Paula Bronstein, GETTY IMAGES Amazon, Isobel Asher Hamilton, Boogaloo Bois, Proud Boys Trump


Amazon wins over one of its last remaining Wall Street skeptics, which just slapped a 'buy' rating on the stock and expects it to surge 15% in the next year

Ina Fassbender/AFP via Getty Images Amazon shares were upgraded to "outperform" from "market perform" by Bernstein on Tuesday, adding to the list of analysts bullish toward the e-commerce giant.The coronavirus pandemic boosted growth in online retail, digital advertising, and cloud computing, and Amazon is a "primary beneficiary across all three revenue pools," analyst Mark Shmulik wrote in a note to clients.After the upgrade, 52 Wall Street analysts rate Amazon as "buy." Only two maintain...
Tags: Amazon, US, Trends, Goldman, Fed, Bernstein, Powell, Congressional Budget Office, Shmulik, Watch Amazon, GETTY IMAGES Amazon, Ben Winck, INA FASSBENDER AFP, Mark Shmulik