Increasing scrutiny could stall rise of ecommerce platforms, as TikTok faces US ban
The Loadstar has launched a series of reports on the ecommerce sector, which has been driving growth ...
MARKETWATCH reports:
Amazon.com Inc. shares closed at a new high Tuesday, as the e-commerce and cloud-computing powerhouse continued to be seen as a safe target for investors in a rocky time.
Amazon AMZN, +5.27% stock gained 5.3% Tuesday to close at an all-time high of $2,283.32, topping the previous closing record of $2,170.22 set on Feb. 19. At that price, Amazon is worth roughly $1.14 trillion, according to FactSet. Shares have gained 23.6% this year, as the S&P 500 index SPX, 3.06% has declined 14.5% amid fears of a recession caused by the COVID-19 pandemic.
While investors are concerned about the coronavirus pandemic’s effects on companies, Amazon seems relatively safe thanks to its core businesses: online retail, which is thought to have picked up amid closures of brick-and-mortar outlets; cloud computing, which helps companies keep up with increased demand for online products as people flood the internet; and streaming media, a popular pastime for those who are forced to stay at home.
To read the full post, please click here.
Etail by air – here to stay or on a short shelf life?
HMM sees opportunities in Hapag-Lloyd’s exit from THE Alliance
How crazy is this: DSV goes hostile on Expeditors or CH Robinson?
Liners unveil Asia-Europe FAK price hikes to arrest steady rate decline
Increasing scrutiny could stall rise of ecommerce platforms, as TikTok faces US ban
Legal battle heats up over 'unseaworthy' and 'reckless' MV Dali
Another strong month for US ports as container flows continue to rise
Alex Lennane
email: [email protected]
mobile: +44 7879 334 389
During August 2023, please contact
Alex Whiteman
email: [email protected]
Alessandro Pasetti
email: [email protected]
mobile: +44 7402 255 512
Comment on this article