Jeff Bezos investigator accuses Saudi government of hacking Amazon chief’s phone March 31, 2019 An investigator hired by Jeff Bezos has said Saudi Arabia hacked the Amazon chief's phone and gleaned private data from it. Bezos, one of the world's richest men who owns the Washington Post newspaper, hired Gavin de Becker to find out how his private messages regarding an extra-marital affair had been leaked to US tabloid the National [...]
Digital is eating the world, but… May 18, 2022 Crypto AM columnist Dr Chris Kacher explains why patience is the key to successful cryptocurrency trading.
City Moves: Who’s switching jobs in the Square Mile this week? September 1, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Pictet Wealth Management poaches Goldman Sachs veteran as new CEO Pictet Wealth Management has appointed a Goldman Sachs veteran as its new CEO, following the departure of its long-standing lead Heinrich Adami. Joining next week, Robert [...]
Covid-19 drives growth at Microsoft as cloud business benefits from home working January 26, 2021 Revenue was up at Microsoft in its second quarter, with the pandemic accelerating the company’s switch to cloud-based computing. Microsoft beat Wall Street estimates for revenue growth from Azure, it’s cloud computing service, as the software giant continued to benefit from a global shift to working and learning from home. The company’s shares, which gained about [...]
Ahold Delhaize reports fruitful end of year sales with online boost February 17, 2021 Supermarket giant Ahold Delhaize has reported better than expected fourth quarter sales, driven by a surge of online orders due to Covid-19. Ahold said its sales rose 18 per cent to €19.6bn, topping the €18.5bn seen in a company-compiled consensus. Underlying operating income in the period was €811m, also beating a consensus forecast of €771m. [...]
Amazon to open supermarkets across US in food business expansion March 2, 2019 Amazon is looking to open dozens of supermarkets across America as it tries to expand its food business. The online retailer is also exploring the option of buying regional chains that have at least 12 stores as it bids to strength its new supermarket brand, according to the Wall Street Journal. Read more: New York leaders beg Amazon to [...]
Consumer survey sees Netflix on top of Covid-19 satisfaction rankings – with Ryanair grounded October 7, 2020 A consumer ranking of how businesses performed for their customers during the Covid-19 pandemic has seen Netflix and Amazon take first and second spot. At the other end of the scale, power companies were seen to be thoroughly underperforming – with more of the bottom five responsible for gas and electricity. Read more: The businesses [...]
Amazon scraps plans for second headquarters in New York February 14, 2019 Amazon has abandoned plans to build its second headquarters in New York City, after facing strict opposition from both state and local politicians. The world's third-most valuable company had announced plans to split its second US headquarters, known as HQ2, across New York and Virginia in November last year. The move was expected to create [...]
Big Tech’s market might in five charts September 21, 2020 The largest US technology stocks – Apple, Microsoft, Amazon, Facebook and Google (Alphabet) – known as the “FAMAGs”, tumbled sharply at the beginning of this month, after supercharging the US stock market from the depths of the Covid-pandemic in March. These “superstar” firms have largely benefitted from the economic fallout of the crisis, as more people [...]
FTSE 100 ends the day on a high while Dow hits new record May 5, 2021 Heavyweight mining stocks pushed the FTSE 100 higher today while Wall Street opened higher on strong jobs data as the Dow Jones hit a record high. The blue-chip index closed 1.68 per cent higher, buoyed by chemicals group Croda’s shares soaring towards the top of the index after it announced a business review assessment. The [...]