Amazon Com Stock Price, News & Analysis

Zappos.com has announced a partnership with the Savannah Bananas, becoming the official title and exclusive footwear partner for the 2023 Banana Ball World Tour, which starts on February 17, 2023. This collaboration marks Zappos' first venture into a sports partnership, aiming to merge fashion and sports culture. Fans can anticipate exciting game experiences and Zappos' favorite footwear brands, including Brooks, for the Bananas Dance Squad. The tour runs until September 26, 2023, with pop-up activations expected in select cities. Both brands emphasize customer engagement and fun in this innovative partnership.

S&P Global (NYSE: SPGI) and Amazon Web Services (AWS, NASDAQ: AMZN) have entered a multi-year strategic collaboration to enhance cloud infrastructure and accelerate growth. The partnership aims to extend advanced, secure cloud services to over 100,000 customers across 43 countries. By 2025, S&P Global plans to migrate its Capital IQ and core data platforms to AWS, enhancing data availability and efficiency. This collaboration will leverage AWS's technology to develop new capabilities in analytics and insights, addressing challenges in various sectors, including climate and sustainability.

S&P Global and Amazon Web Services (AWS) have announced a new multi-year strategic collaboration to enhance cloud infrastructure and accelerate business growth. Under this agreement, AWS will be S&P Global's preferred cloud provider, facilitating improved service delivery for over 100,000 customers across 43 countries. S&P Global plans to migrate its Capital IQ and core data platforms to AWS by 2025. This collaboration aims to leverage advanced analytics, artificial intelligence, and machine learning to deliver insights and risk assessments, improving operational efficiency and enabling customers to innovate and navigate market uncertainties.

Amazon.com, Inc. (AMZN) reported Q4 2022 net sales of $149.2 billion, a 9% year-over-year increase. North America sales grew by 13% to $93.4 billion, while AWS segment sales rose 20% to $21.4 billion. However, operating income dropped to $2.7 billion, impacted by $2.7 billion in charges, leading to a net income of only $0.3 billion or $0.03 per share, down from $14.3 billion or $1.39 per share in Q4 2021. For FY 2022, net sales reached $514.0 billion, but the company faced a net loss of $2.7 billion, significantly down from a $33.4 billion profit in 2021. AWS sales growth remained strong, indicating a focus on cloud services amidst broader operational challenges.

Amazon has expanded its renewable energy capacity by 8.3 GW in 2022, totaling over 20 GW across 401 projects in 22 countries. This equates to enough energy to power 5.3 million homes in the U.S. The company's goal to achieve 100% renewable energy by 2025 is now five years ahead of schedule. Amazon remains the largest corporate buyer of renewable energy, adding 133 new projects last year. Key projects include investments in offshore wind and hybrid solar systems, particularly in regions like India and Europe. The emphasis on innovative deal structures and technologies underlines Amazon's commitment to combat climate change and enhance sustainability.

Amazon Web Services (AWS) announced a strategic collaboration with Zurich Insurance Group to migrate its IT infrastructure to AWS, targeting the movement of 1,000 applications by 2025. This shift aims to innovate customer experiences, streamline core business processes, and meet regulatory requirements. Zurich expects to save around $30 million annually through improved operational efficiency and development speed, particularly for core insurance and SAP workloads. The partnership will leverage AWS’s advanced analytics and machine learning to enhance Zurich's data management and customer service capabilities.

Amazon has launched RxPass, a new benefit for Prime members that provides affordable access to over 80 generic medications for a flat fee of $5 per month, with free delivery. This subscription service aims to help customers save on prescription costs, especially those who pay over $10 per month for their medications, potentially reducing their expenses by more than 50%. RxPass is now available in most U.S. states, making healthcare more accessible. Additionally, Amazon Pharmacy offers other options, including discounts through the Prime prescription savings benefit.

Amazon Web Services (AWS) has launched its second AWS Region in Australia, the AWS Asia Pacific (Melbourne) Region, with an estimated investment of $4.5 billion (approx. A$6.8 billion) by 2037. This new region aims to enhance workload resilience and data security while providing lower latency for users.

The investment anticipates supporting over 2,500 full-time jobs annually and adding approximately $10.6 billion (approx. A$15.9 billion) to Australia’s GDP by 2037. AWS now operates 99 Availability Zones across 31 geographic regions, further expanding its infrastructure for local and global customers.

Jennifer Connelly received the IMDb 'Fan Favorite' STARmeter Award at the 2023 Sundance Film Festival on January 22, 2023, recognizing her popularity among the site's over 200 million monthly visitors. This award highlights stars who top the IMDbPro STARmeter chart based on page views. Connelly, who recently appeared in Top Gun: Maverick and stars in the upcoming film Bad Behaviour, ranked as the #40 most popular star of 2022. Previous recipients include Nicholas Braun and Rachel Brosnahan, emphasizing the award's prestige in recognizing audience favorites.