E*TRADE Generation Trader: Preview of Amazon Earnings
In this episode of Generation Trader, sponsored by E*TRADE, Cheddar Anchors Hope King and Tim Stenovec take a look at Amazon's stock performance leading up to the company's fourth quarter earnings report.
54 percent of the Cheddar community voted that they turned to Amazon for holiday gifts this past holiday season, according to a Twitter Poll.
Research firm GHB Insights said Amazon captured between 45-50 percent of all online holiday sales, thanks in large part to its Prime subscribers. Shares of Amazon are up more than 30 percent in the past three months.
Pulitzer Prize winning digital media outlet BuzzFeed News is being shut down as part of a cost-cutting drive by its corporate parent that’s shedding about 15% of its entire staff, adding to layoffs made earlier this year.
Belgian customs have destroyed more than 2,000 cans of Miller High Life, advertised as the ″Champagne of Beers,” at the request of houses and growers of the bubbly beverage.
Stocks remained listless in afternoon trading Friday, as Wall Street closed out a quiet week highlighted by a batch of mostly mixed corporate earnings reports.
Caleb Silver, editor-in-chief of Investopedia, joined Cheddar News to discuss the rising credit card debt that Americans hold as high-interest rates and continued inflation affect households.
For the first time on the unofficial cannabis holiday 420, cannabis enthusiasts in New York State can purchase their products legally. One of the first licensed adult-use dispensaries across the state was buzzing with business early in the day.
