South Korean electronics manufacturer Samsung has issued a profit warning that has caused ripple effects in the stock market, affecting several major technology companies. According to Samsung, its operating profit for the fourth quarter is expected to be 35% lower than the previous year, which is below market expectations. As the world's largest producer of memory chips, … [Read more...] about Samsung’s Profit Warning Sends Shockwaves through Stock Market
Amazon
Amazon Workers in U.K. Plan Strike Over Pay and Work Conditions
Up to 100 workers at Amazon's flagship fulfillment center in Birmingham, England, have voted to strike on Jan. 25, according to the GMB Union. The strike is in response to concerns over pay and work conditions at the warehouse, which opened in October. This strike comes one year after the first official industrial action at a U.K. Amazon warehouse in Coventry, England. In … [Read more...] about Amazon Workers in U.K. Plan Strike Over Pay and Work Conditions
Big Tech’s Notable Winners Continue to Gain Momentum
Wells Fargo analyst Ken Gawrelski is singing the praises of Amazon.com Inc.'s stock (AMZN, -2.04%) as it continues to soar in 2023, with a remarkable 51% increase so far this year. In fact, Gawrelski considers it such a standout performer that he has included it in Wells Fargo's esteemed "signature picks" list. Maintaining an optimistic outlook, Gawrelski believes that there is … [Read more...] about Big Tech’s Notable Winners Continue to Gain Momentum
