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CONSUMER DISC (NY: XLY )

200.09 +3.20 (+1.63%)
Official Closing Price Updated: 8:00 PM EDT, Nov 1, 2024 Add to My Watchlist
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Amazon's Drone Program To Expand With New FAA Clearance - What's On The Move?
Amazon's Prime Air drone program has received U.S. regulatory approval to operate beyond the visual line of sight of pilots, enhancing delivery range and service areas. This significant milestone... 
Via Benzinga
Amazon Partners With Orange To Launch Cloud Services In Morocco And Senegal: Report
Amazon.com and Orange have reportedly partnered to bring AWS Wavelength cloud computing services to Morocco and Senegal. This marks a significant expansion into countries without AWS data centers. 
Via Benzinga
Starbucks Plagued With Long Wait Times, Staffing Issues: Report
Starbucks baristas are struggling with rapid drink orders and reduced staff, as an algorithm-driven approach to staffing fails to account for special requests and promotions. 
Via Benzinga
This Nasdaq-100 Growth Stock Just Hit a New 52-Week Low. Here's Why It's Worth Buying Now
Lululemon stock ran up too far too fast, but the sell-off is starting to get excessive. 
Via The Motley Fool
Nike Wins Partial Victory in Three-Stripe Trademark Battle with Adidas
Nike Inc. (NYSE: NKE) has won the right to feature three stripes on some trouser designs in Germany, following a significant court ruling. The Duesseldorf regional court partially overturned its... 
Via Benzinga
US Stocks Waver, Nvidia Lifts Chipmakers, GameStop Spikes, Moderna Tumbles: What's Driving Markets Tuesday?
Wall Street resumed trading after the Memorial Day holiday with a familiar trend, as major chipmaker stocks significantly outperformed the broader market. 
Via Benzinga
Nasdaq 100 Eyes Record High Close, Fifth Positive Week As Traders Flock To AI-Linked Stocks: What's Driving Markets Friday?
Technology stocks surged on Friday, rebounding sharply after Thursday’s decline, as investor confidence in the artificial intelligence-driven rally remained high. 
Via Benzinga
Has Tesla Re-prioritized Its EV Goal? A Change In Current Report Says So
Tesla Inc. (NASDAQ: TSLA) has shifted focus from selling 20 million vehicles annually to emphasizing autonomy. The 2023 impact report highlights Tesla's goal to displace fossil fuels without the... 
Via Benzinga
Amazon and AI startup Hugging Face Partner to Enhance AI Model Efficiency
Amazon's cloud unit partners with AI startup Hugging Face to simplify running thousands of AI models on AWS's custom chips, valued at $4.5B. 
Via Benzinga
Topics Artificial Intelligence
Exposures Artificial Intelligence
Amazon Inks 'Largest Technology Investment' In Spain, Pours $17B Into Cloud Infrastructure
Amazon isn't the only tech giant looking abroad. Various cloud service providers, including Microsoft, are aggressively expanding in Europe. 
Via Benzinga
Amazon's Generative AI Upgrade For Alexa: What Investors Need to Know
Amazon will reportedly launch a more conversational version of Alexa later this year, potentially positioning it to better compete with Google and OpenAI. 
Via Benzinga
Topics Artificial Intelligence
Exposures Artificial Intelligence
Stocks Hold Steady On Mixed Fed Remarks, First Solar Rallies, Bitcoin Falls Below $70,000: What's Driving Markets Tuesday?
It’s a rather quiet session on Tuesday, with major U.S. averages trading around the flatline at midday trading in New York. 
Via Benzinga
Topics Economy
Exposures Interest Rates
Stocks, Gold Reach New Record Highs, Cruise Stocks Rally, GameStop Sinks: What's Driving Markets Monday?
Wall Street rallies on Monday as major US indices reach fresh record highs. Metal commodities surge, Treasury yields stay stable. Cruise stocks soar. 
Via Benzinga
Tesla Layoffs To Continue Through June, Morale Low Among Workers
Tesla Inc. (NASDAQ: TSLA) employees live in fear as layoffs continue through June. CEO Elon Musk's plan to cut at least 10% of the workforce has left employees anxious, uncertain of their job security.... 
Via Benzinga
Topics Workforce
Exposures Layoff
Tesla Eyes Chinese Data Center To Boost Autonomous Driving Tech: Report
Tesla, led by Elon Musk, is reportedly eyes a data center in China to enhance its self-driving technology. This move aligns with their strategy to locally process data for the Full Self-Driving (FSD)... 
Via Benzinga
Topics Artificial Intelligence
Exposures Artificial Intelligence
Tesla Told To Face Autopilot Lawsuit In The Wake Of Safety Probes- Report
Tesla Inc. (NASDAQ: TSLA) faces a class-action lawsuit for allegedly misleading consumers about its self-driving technology. The lawsuit claims Tesla falsely stated in 2016 that future cars would have... 
Via Benzinga
Topics Fraud Lawsuit
Exposures Financial Legal
Amazon AWS To Pump €7.8B Into German Cloud Expansion: Details
AWS announces a €7.8 billion investment to boost its cloud infrastructure in Germany, aiming to complete new data centers in Brandenburg by 2025. 
Via Benzinga
Tesla Sued In California For Environmental Violations
Tesla Inc (NASDAQ:TSLA) faces mounting legal woes as an environmental nonprofit, the Environmental Democracy Project, files a lawsuit alleging violations of the Clean Air Act. The suit accuses Tesla's... 
Via Benzinga
Topics Lawsuit
Exposures Financial Legal
Amazon Web Services Undergoes Leadership Change, Matt Garman to Take Over as CEO
Amazon (AMZN) stock down as Matt Garman replaces Adam Selipsky as AWS CEO. AWS's 2021 job cuts aimed for digital self-service training. $143.3B Q1 sales, $100B annual run rate. Dominant in cloud market... 
Via Benzinga
Topics Artificial Intelligence
Exposures Artificial Intelligence
GameStop Up Triple Digits Premarket: Is 2021 Meme Stock Rally Back?
GameStop and AMC stocks surge by 147% and 121% respectively, driven by retail investors coordinating through online platforms. Market volatility expected. 
Via Benzinga
Tech Stocks Inch Higher Ahead Of Key Inflation Data, GameStop Skyrockets, Tencent Fuels China Rally: What's Driving Markets Monday?
Wall Street kicked off a data-heavy week on a mixed note as traders await key inflation updates and remarks from Fed Chair Jerome Powell in the coming days. 
Via Benzinga
Topics Economy
Exposures Interest Rates
Auxly Cannabis Achieves Record Q1: Adjusted EBITDA Soars 1,523%, Revenue Grows 5%, Strong 2024 Ahead
Auxly Cannabis reports a record Q1 with 5% revenue growth and a 1,523% surge in adjusted EBITDA. Explore these impressive results. 
Via Benzinga
Topics Cannabis
Exposures Cannabis
Amazon Pours ~$1.3B Investment Into French Operations: Report
Amazon's €1.2 billion investment marks a significant stride in bolstering its French presence, promising 3,000 new jobs. The move aligns with France's push for tech investment, showcased at the 'Choose... 
Via Benzinga
Topics Artificial Intelligence
Exposures Artificial Intelligence
The Debate Continues - Will They, Or Won’t They?
I could write about many topics this week, as there were more than a handful of newsworthy items. But given the amount of time, space, and energy that the media has been giving to whether or not the... 
Via Talk Markets
Topics Economy
Exposures Interest Rates
Kashkari Vs. Goolsbee, Hawk Vs. Dove: What's Next For The Fed?
Fed official Kashkari says "this is about equivalent to as much tightening as we did in the 1994 timing cycle." Goolsbee agrees. 
Via Benzinga
Topics Economy
Exposures Interest Rates
Stocks Pause On Dismal Consumer Confidence; Yields, Dollar Rise As Inflation Expectations Kick Higher, Bitcoin Sinks: What's Driving Markets Friday?
A worse-than-expected University of Michigan’s May consumer report halted stock gains on Friday, sparking worries about a potential decline in consumer health amid perceived rising price pressures. 
Via Benzinga
Topics Economy
Exposures Interest Rates
Tesla Charging Shakeup May Disrupt Biden EV Plans
Tesla CEO Elon Musk reportedly cut about 500 people from the company's supercharger group as part of a restructuring. 
Via Benzinga
Mind Those “Defensive” Equities
In the first quarter of 2024, Canadian business insolvencies climbed 87.2% higher than the same quarter last year. 
Via Talk Markets
Stocks Rebound As Rising Jobless Claims Sustain Rate-Cut Hopes, Dollar Falls, Gold Rallies: What's Driving Markets Thursday?
Wall Street is seeing a day of gains as all major indices traded in the green around noon in New York, driven by a surprising uptick in unemployment claims prompting speculation over Federal Reserve... 
Via Benzinga
Topics Economy
Exposures Interest Rates
Tesla Cuts More Jobs In China As Competition Heats Up
Tesla (NASDAQ:TSLA) grapples with mounting job cuts in China amid fierce market competition. Recent layoffs, part of a global downsizing effort exceeding 10%, target various departments at the Shanghai... 
Via Benzinga
Topics Workforce
Exposures Layoff
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