Amazon cut 67,000 jobs in 2022, the first yearly decline in 20 years
Amazon.com Inc. had a pretty bad year in 2022, with the e-commerce and cloud giant recording its biggest loss ever, and with its stock suffering a yearly record loss. Its employees had a bad year, too: For the first time in 20 years, the company shrank its workforce. According to Amazon’s 2022 annual report, released […]
AMZN Bearish Impulse To End Wave Ⓐ Near 72.04
The current AMZN structure suggests a price decline, which could indicate the beginning of a bearish correction b in the long term. It can take the form of a primary zigzag Ⓐ-Ⓑ-Ⓒ. In the near future, prices will move lower in the final intermediate wave (5) of the leading diagonal Ⓐ to 72.04. At that […]
UPS foresees ‘mild recession’ in 2023 and posts first revenue decline since the 2008 financial crisis
Shares of United Parcel Service Inc. rallied Tuesday, even after the package-delivery giant reported a surprise decline in fourth-quarter revenue, missing Wall Street expectations for the first time in 12 quarters, and warned of the first yearly decline in revenue in 14 years. Investors expressed relief, however, as UPS beat fourth-quarter profit expectations, raised its […]
Amazon (AMZN stock) earnings approach [Video]
Amazon earnings are due out this week for Q4 2022 and expectations are for an EPS of 0.17 and revenue of $145.77 billion. Since the start of the year, Amazon has been preparing for a coming global turndown by cutting 18,000 jobs which was an increase of the 10,000 reported at the end of last […]
Apple, Amazon, Facebook and Google face earnings test amid Big Tech layoffs
In the biggest week of the holiday-earnings season, Big Tech results will receive the spotlight amid thousands of layoffs that could only be the beginning.After tech stocks were decimated in 2022, investors will be looking for signs of a turnaround in holiday reports and potential forecasts for the year ahead from three of 2022’s top […]
Labor board upholds Amazon union victory at Staten Island warehouse, after months of wrangling
A U.S. labor representative on Wednesday dismissed Amazon.com Inc.’s objections to a historic union-election victory at a warehouse in Staten Island, N.Y. last year, following months of aggressive efforts by the online retailer to squash the organizing effort. Amazon said it would appeal the decision, which came from a regional director of the National Labor […]
AMZN Primary Wave Ⓐ Nears Completion
The current AMZN structure suggests a corrective trend. It is assumed that a zigzag is formed, which consists of cycle sub-waves a-b-c. After the end of the impulse growth of wave a, prices declined. This could indicate the beginning of a bearish correction b. It could take the form of a primary zigzag Ⓐ-Ⓑ-Ⓒ. In […]
Dozens in Congress beat stock market in 2022 despite downturn on Wall Street: analysis
The House truly always wins.More than two dozen members of Congress beat the stock market last year despite Wall Street suffering its worst year since 2008, according to an analysis by a stock-trading site. But there was one notable loser last year: Nancy Pelosi. The former House speaker’s portfolio dropped 19.8% in 2022 — worse […]