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Zacks News
Alibaba-Backed Best Logistics Sets For $1 Billion U.S. IPO
by Joseph Lu
Best Logistics Technologies Ltd, a Chinese logistics company backed by Alibaba Group Holding (BABA), could be this year's biggest initial public offering from a Chinese company in the U.S. listings.
This Amazon Rival Just Got $1.4 Billion From eBay, Microsoft, & Tencent
by Madeleine Johnson
On Monday, India's popular e-commerce giant Flipkart just got a huge boost in its battle with Amazon (AMZN): $1.4 billion in new funding from Microsoft (MSFT), eBay (EBAY), and China's Tencent (TCEHY).
Amazon (AMZN) to Hire 30,000 Part-timers Over the Next Year
by Zacks Equity Research
Amazon.com, Inc. (AMZN) announced that it will create 30,000 part time domestic jobs over the next year, of which 5,000 will be work-from-home roles.
Facebook's WhatsApp to Enter Indian Digital Payments Market?
by Zacks Equity Research
Facebook is reportedly contemplating venturing into Indian digital payments market through its internet messaging service, WhatsApp.
Amazon (AMZN) Offers the Option to Shop without Bank Card
by Zacks Equity Research
Amazon.com, Inc. (AMZN) launched Amazon Cash, a service that enables customers to add cash to their Amazon.com accounts using a barcode generated from its website.
Where Does Snapchat Stand from a Fundamental Perspective?
by Zacks Equity Research
Snapchat's parent, Snap Inc (SNAP) has been in the limelight ever since its blockbuster IPO earlier this month.
Unilever Partners with Lazada to Grow in Southeast Asia
by Zacks Equity Research
Unilever PLC (UL) has reportedly partnered with Southeast Asia's leading e-commerce player, Lazada in order to expand their businesses in the region.
Amazon Stock Hits a Fresh High: What's Driving the Increase?
by Zacks Equity Research
Shares of Amazon.com, Inc. (AMZN) hit an all-time high of $876.44 on Mar 29, before closing a tad lower at $872.32.
Top ETF Stories of Q1 from Wall Street
by Sweta Killa
Inside the top stories that dominated the headlines in the U.S. stock and ETF world.
The Zacks Analyst Blog Highlights: Nike, Alibaba, AT&T, United Technologies and Sinopec
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Nike, Alibaba, AT&T, United Technologies and Sinopec
Snap Stock: A Gimmick for Insiders to Cash In
by Parth Panchal
When digging into Snap???s stock issuance, it seems that their primary intentions are to make their insiders rich.
Tesla (TSLA) Stock Jumps After Tencent Buys 5% Stake
by Benjamin Rains
Chinese tech giant Tencent Holdings Ltd. (TCEHY) has purchased a 5% stake in Tesla Inc. (TSLA) according to a recently released U.S. regulatory filing. The purchase makes Tencent one of Tesla's biggest investors at a time when Tesla desperately needs to raise money.
Why Snapchat Parent Snap has a Value Style Score of C?
by Zacks Equity Research
Snap's (SNAP) carries a Zacks Rank #3 (Hold) and a Value Style Score of 'C', which is not a favorable combination.
Amazon (AMZN) Defeats IRS in Courtroom, Saves $1.5 Billion
by Zacks Equity Research
Amazon.com, Inc. (AMZN) has managed a big win over Internal Revenue Service (IRS) in a court battle that has saved it a massive $1.5 billion in tax bill.
Adobe (ADBE) Stock Gains as Credit Suisse Ups Price Target
by Zacks Equity Research
On Friday, Credit Suisse increased Adobe Systems' (ADBE) target price by almost 20% to $150 from $125. Additionally, Credit Suisse analyst upgraded the rating on the stock to Outperform from Neutral.
KLA-Tencor (KLAC) Stock Reaches 52-Week High of $96.91
by Zacks Equity Research
Shares of KLA-Tencor Corporation (KLAC) hit a new 52-week high of $96.91 on Mar 24, eventually closing at $95.72. The stock returned 35.1% in the last one year and has added approximately 21.7% year to date.
GoDaddy to Bloster Website Security with Sucuri Acquisition
by Zacks Equity Research
GoDaddy Inc. (GDDY) recently agreed to acquire website security firm, Sucuri. The term of the deal were kept under the wraps.
Can Martha & Marley Spoon Deal Boost Amazon Grocery Efforts?
by Zacks Equity Research
Customers can now buy Martha & Marley Spoon meals kits through AmazonFresh and combine other items from AmazonFresh in their orders.
Amazon (AMZN) Expands Prime Now 1-Hour Delivery to Milwaukee
by Zacks Equity Research
Amazon.com Inc.'s (AMZN) Prime membership is getting bigger in the U.S. The latest city to get the one-hour delivery service is Milwaukee.
Is the Middle East Amazon's Next Big E-commerce Target?
by Zacks Equity Research
Amazon.com Inc. (AMZN) is reportedly buying a Dubai-based e-commerce company, Souq.com in principle.
Microsemi (MSCC) to Close Manufacturing Facility in China
by Zacks Equity Research
Microsemi Corporation (MSCC) announced its decision to close down its manufacturing facility in China.
Is MoneyGram (MGI) Open to Merger Talks with Euronet?
by Zacks Equity Research
MoneyGram International Inc. (MGI) stated that Euronet's proposal could be superior to the offer by Ant Financial Services Group in January.
Amazon (AMZN) to Start Collecting 5.5% Sales Tax in Maine
by Zacks Equity Research
Come Apr 1, and Amazon (AMZN) will start collecting 5.5% sales tax from customers in Maine for shopping online.
Alibaba Continues to Diversify, Invests in Gaming Platform
by Zacks Equity Research
Alibaba (BABA) is investing $145 million in partnerships with mobile gaming companies to expand mobile game distribution globally.
Texas Instruments (TXN) Touches New 52-Week High of $82.44
by Zacks Equity Research
Shares of Texas Instruments or TI (TXN) hit a new 52-week high of $82.44 on Mar 17, eventually closing at $82.20.