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☆ Film on haenyeo, Korea's 'mermaids,' shows women who fight to preserve sea and sisterhood
▼ + stars: | 2024-10-10 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +5 min

South Korea’s “haenyeo,” or women divers, say that they’ve become inseparable from their deep blue environment. The women are preserving a centuries-old tradition, which includes maintaining a sort of sisterhood, and are also vocal against issues like climate change and nuclear waste. Haenyeo divers of South Korea’s Jeju Island in “The Last of the Sea Women.” Hasisi Park / Apple TV+The women argue and bicker almost as much as they crack jokes together. A haenyeo diver of South Korea’s Jeju Island in “The Last of the Sea Women,” premiering October 11, 2024. We have to go to the sea,” Geum Ok, a haenyeo, says in the film.

Persons: Malala Yousafzai’s, ”, Hasisi, Yousafzai, ” Yousafzai, “, Jang, Duk, Sue Kim, ” Kim, Lee Hee, ” Jang, It’s Organizations: Apple, UNESCO Intangible, Human Rights Locations: Jeju, South, “, Switzerland, Japan

Below, I rounded up the best October Prime Day deals that are still available right now. If you’re curious, the NBC Select team also compiled readers’ favorite Prime Day products and what our editors purchased. SKIP AHEAD Best Prime Day deals still live | More Prime Day sales still live | Best sales at other retailers | Why trust NBC Select? Best Prime Day sales still liveThese Prime Day sales are still going on, but keep in mind that not every item from a brand is discounted as described below. Each deal in this article is currently at its October Prime Day price or up to $10 higher.

Persons: it’s, They’re, ”, Sadhana Daruvuri, “, You’re, Rosalie Sparaco, Nikki Brown, fryer, you’ll, Cory Fernandez, There’s, TikTok Organizations: Deal, NBC, Apple, Alexa, Bath, Amazon Reviewers, Adidas, Wellness, Giftable Tech, Facebook, Twitter Locations: men’s

☆ I tried and ranked apple-cider doughnuts from Wegmans, Whole Foods, and Trader Joe's. The winner tasted incredible in my air fryer.
▼ + stars: | 2024-10-10 | by ( Ted Berg | ) www.businessinsider.com time to read: +1 min

My family and I tried and ranked apple-cider doughnuts from Wegmans, Whole Foods, and Trader Joe's. Trader Joe's apple-cider doughnuts tasted like green-apple candy and were our least favorite. My kids liked the Wegmans doughnuts the most, but my wife and I preferred the Whole Foods version. The leaves were beautiful, but the apple-cider doughnuts were often the highlight of these trips. I wanted something to satisfy my favorite autumn craving, so I bought apple-cider doughnuts from Trader Joe's, Wegmans, and Whole Foods and taste-tested them with my wife and kids.

Persons: —, Joe's Organizations: Foods, Service Locations: New York, New England, New York City, it's

☆ CNBC Sport: Shams Charania on joining ESPN and life after Woj
▼ + stars: | 2024-10-10 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +21 min

Charania begins his ESPN TV work today. "It's definitely going to be a lot of TV," Charania said. They worked together at Yahoo Sports before becoming rivals, only for Charania to eventually take over for Wojnarowski at ESPN. Charania begins his ESPN TV work today. "It's definitely going to be a lot of TV," Charania said.

Persons: Alex Sherman, Shams, Adrian Wojnarowski, Charania, FanDuel, Jimmy Pitaro, It's, Pat McAfee, Wojnarowski, I'm, Jim Rome, I've, he's, that's, He'll, I'd, Adam Silver, Bob Kraft, Jessica Berman, CNBC's Jessica Golden, Craig Kilborn, Colin Neville, Jim Ratcliffe, Joe Tsai, Colin, Neville, dealmaking, We've, CNBC's Contessa Brewer, Jim Allen, Adam Greenblatt, isn't, Tiger Woods, Tigeraire, Woods, CNBC's Lillian Rizzo, Rudy, Rudy Ruettiger, Kevin Mayer, Tom Staggs, Read, Yahoo's Ross Dellenger, we've, Woody Johnson, Woody Johnson —, Johnson, Robert Saleh, Derek Jeter, Shams Charania, Raine Organizations: CNBC, ESPN, FanDuel TV, The, ESPN TV, Worldwide, Sports, NBA, Yahoo Sports, Wojnarowski, Yahoo, I'm, NFL, Miami Dolphins, Buffalo Bills, Los Angeles Chargers, Dolphins, New England Patriots, National Women's Soccer League, Chelsea Football Club, Manchester United, Brooklyn Nets, Premier Lacrosse League, Youth, NCAA, UFC, CNBC Sport, Rock, Seminole Gaming, U.S . Patent, Sun, QVC, Notre Dame, Disney, Candle Media, SEC, Big Ten, ACC, Jets, Apple, Hollywood, Diamond Sports Group, Bally Sports, Wildcats, College Football, Sinclair, Raine Group Locations: Raine, DraftKings, U.S, Las Vegas, Florida, Tigeraire, Northwestern

Check out our main Prime Day deals hub for sales, broken down into categories like tech, home and kitchen, style and beauty, and more. View at Amazon What we like Check mark icon A check mark. Easy-to-use Alexa voice controlCheck mark icon A check mark. This is a relatively new product on the market, and we're seeing the first ever sale during Prime Day. Check out our roundup of all of the best Prime Day deals , or browse Amazon's website for the full selection.

Persons: Dyson, Rocco, seltzer Organizations: Business, Deal, Samsung, Alexa Voice, Amazon, Shark, Dyson, Upright, Amazon Philips, Philips, Amazon Samsung

☆ CNBC Daily Open: Don't ignore the risks as a dovish Fed drives markets
▼ + stars: | 2024-10-10 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Valerie Plesch | Picture Alliance | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Sentiment in markets, it seems, was buoyed by encouraging comments from the Fed. The Fed, in other words, is keeping a close eye on the economy and wants to make sure it maintains its smooth landing. It's as if Stephen Sondheim's musical "Into the woods to get the money," markets are merrily singing.

Persons: Valerie Plesch, Gregory Daco, Goldman Sachs, Stephen Suttmeier, Philip Jefferson reemphasized, we're, Mike Bailey, Stephen Sondheim's, Jeff Cox, Samantha Subin, Sarah Min Organizations: Federal Reserve, Getty, CNBC, Brent, Bank of America, Dow Jones Industrial, Nasdaq, Apple, Micro Computer, Fed, FBB Capital Partners Locations: USA, Washington, Florida, U.S, Israel

☆ CNBC Daily Open: A dovish Fed is driving markets. Keep an eye out for roadblocks
▼ + stars: | 2024-10-10 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Close to record close for NvidiaNvidia shares have rallied 25% in the last month and are currently trading at $132.11. Former Tata Sons chairman passes awayRatan Tata, the former chairman of the Indian conglomerate Tata Sons, passed away on Wednesday, aged 86. As chairman, Tata was instrumental in spearheading over 60 global acquisitions, helping to grow the group's revenue past $100 billion during his tenure.

Persons: Ian Read, Frank D'Amelio, D'Amelio, Ratan Tata, Tata Organizations: CNBC, Dow Jones, Technology, Nasdaq, Nvidia Nvidia, Nvidia, Microsoft, Mizuho, Pfizer, Guggenheim Securities, Former Tata, Tata Sons, IA Locations: Asia, Pacific, Hong Kong, OpenAI

Zuckerberg's reveal of Orion late last month has triggered a level of enthusiasm that's unfamiliar in the metaverse. He showed off the gadget — a pair of black, thick-framed AR glasses — to the live audience before placing it on his face. In the meantime, Meta is looking to build on the success of its second-generation Ray-Ban Meta smart glasses. The smart glasses went viral on TikTok during the holiday shopping season, and sales exceeded both companies' expectations. Meta is also opening a pop-up shop to showcase the smart glasses and to get them in front of more consumers.

Persons: Mark Zuckerberg, Manuel Orbegozo, Zuckerberg, Orion, CNBC's Julia Boorstin, Alex Heath, Pong, Ray, Meta, it's, Meta's, Oculus, Michael Abrash, Sara Nicholson, Andrew " Boz, Bosworth, who's, Joseph Bonner, Bonner, Luxottica Organizations: Meta, Reuters, Facebook, Ray, Orion, Quest, Wall, VR, Reality Labs, Labs, IDC, CNBC, . Engineers, Argus Research, EssilorLuxottica, Solutions, West Hollywood Locations: Menlo Park , California, U.S, Los Angeles, West, Southern California

☆ Here are the best and worst-case scenarios for Google in its battle with the DOJ
▼ + stars: | 2024-10-10 | by ( Hugh Langley | ) www.businessinsider.com time to read: +6 min

AdvertisementFor years, the US Justice Department's lawsuit against Google's Search business has been largely ignored by Wall Street and even many of Google's employees. They also include sharing some of Google's search data with rivals. The DOJ is also considering cracking open Google's search index and forcing it to share data, including the nitty-gritty of how Google ranks website quality. The DOJ said this could include the models used for Google's AI Search features. AdvertisementThe DOJ has said it's also weighing a proposal that websites can opt out of Google's AI training and from appearing in AI search results altogether.

Persons: —, Department's, Bernstein, Amit Mehta, Dan Morgan, monetization, Max, Morgan, Dan Ives, Liz Reid, Marissa Mayer, it's, It's Organizations: US Justice Department, Google, Analysts, Service, Google's, Wall, DOJ, Apple, European Union, Chrome, Wedbush, Tech, Media, Finance, Sunshine Locations: European, Europe

☆ Big backer of Nvidia heaps on praise after the recent stock rally. Where we stand now
▼ + stars: | 2024-10-10 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +4 min

Morgan Stanley has a buy-equivalent rating on the Club stock and a price target of $150 a share, implying 13% upside from Wednesday's close. If artificial intelligence models are tasked with completing more complicated tasks, that could play into Nvidia's hands over time, Morgan Stanley reasoned. Several positive updates on AI adoption last month helped Nvidia's stock mount the comeback, which has completely erased a severe post-earnings slide that began Aug. 28 . More recently, Nvidia CEO Jensen Huang has touted "insane" demand for Blackwell . Nvidia CEO Jensen Huang talks onstage with Salesforce CEO Marc Benioff during Salesforce's Dreamforce on September 17, 2024 in San Francisco, California.

Persons: Morgan Stanley's, Jensen Huang, Morgan Stanley, Nvidia's, Morgan, Jim Cramer, Jim Cramer's, Jim, Marc Benioff, Salesforce's Dreamforce, Justin Sullivan Organizations: Nvidia, Club, Blackwell, Tech, Microsoft, Nasdaq, Google, Apple, Devices, Broadcom, CNBC, Getty Locations: —, San Francisco , California

☆ Dude Perfect's new CEO explains why TV is a huge focus as the group looks to expand after raising over $100 million
▼ + stars: | 2024-10-10 | by ( Amanda Perelli | ) www.businessinsider.com time to read: +4 min

YouTube group Dude Perfect, known for viral stunts, has hired its first CEO. "Our vision is to build Dude Perfect into what a 21st-century media company looks like," Yaffee told Business Insider. AdvertisementEarlier this year, Dude Perfect raised its first round of funding. As viewing of creator content has surged on TV screens, Dude Perfect has made recent moves in that direction. Aside from the stand-alone app, Dude Perfect also streams its content on the kid's entertainment platform Kidoodle.TV.

Persons: Andrew Yaffe, Yaffe, —, Yaffee, Garrett Hilbert, Tyler Toney, Cody Jones, Coby Cotton, Cory Cotton —, Dude, Axios, we're, It's Organizations: NBA, YouTube, Service, Business, Walmart, Highmount Capital, Parent, Amazon, Apple Locations: Frisco , Texas, Roku

☆ A lot is riding on Musk and Tesla’s ‘robotaxi’ event
▼ + stars: | 2024-10-10 | by ( Chris Isidore | ) edition.cnn.com time to read: +6 min

New York CNN —Elon Musk and Tesla have pledged a game-changing moment in the company’s history Thursday night. For the last decade, the electric vehicle maker’s CEO has vowed that true self-driving cars from Tesla were right around the corner. And even if the technology is as advanced as Musk likes to claim, getting regulatory approval to operate could be difficult. Tesla and Musk have made promises many, many times before about autonomous vehicle capabilities and when true self-driving would be available. “Either you walk away from the event as a jaw dropping moment, or you walk away with a shrug of shoulders event.”

Persons: New York CNN — Elon, Tesla, ”, Dan Ives, Waymo, they’ve, GM’s, Musk, “, FSD, “ You’d, Gordon Johnson, it’s, Gene Munster, ” Munster, “ They’ve, Ives Organizations: New, New York CNN, Warner Bros, Wedbush Securities, Apple, Motors ’, state’s Department of Motor Vehicles, Deepwater Asset Management, Munster Locations: New York, California

Some of the best deals we've come across are $100 off the Garmin Epix Pro, the top Garmin watch we've tested. These Prime Day Garmin watch deals are expected to last until the sale ends at midnight PT. View at Amazon What we like Check mark icon A check mark. Tracks a wide variety of activitiesCheck mark icon A check mark. Check out our roundup of all of the best Prime Day deals , or browse Amazon's website for the full selection.

Persons: Price Organizations: Business, Deal, Garmin, Apple Watch, Garmin Epix, Price Garmin, Amazon

Learn moreThe October Prime Day event is almost over, and there are only a few hours left to get the best Amazon Prime deals. Below, we've compiled the 100+ best Prime Day deals you can get right now. Tech and gaming Prime Day dealsWhether you're an Apple aficionado looking for a good deal or a gamer yearning for a PS5, Prime Day has you covered. View at AmazonFor more highlights of Prime Day sales on Amazon products, check out our roundups of the best Prime Day Fire TV Stick deals and best Prime Day Amazon Echo deals. You can find the top sales in our guides to the best women's Prime Day clothing and shoes, men's Prime Day clothing and shoes, and Prime Day coach bags.

Persons: we've, there's, Bose, Apple, We've, it's, shams, Dyson, OmniForce, Bissell, Ashley Caitbrook, Ashley, you've, recyclables, callouts, Dyson Airwrap, ”, Gabrielle Chase, “, wardrobes, Tabby, clogs, Pullover Organizations: Business, Amazon Prime, Apple, Samsung, PlayStation, LG, Amazon, Apple AirPods, Amazon Bose, Amazon LG, Tech, Sony, Google, Slim, Air, MacBook, Amazon Apple, Amazon Samsung Galaxy Watch, Galaxy Watch, Garmin, Amazon Samsung, Galaxy, Alexa, Kindle, Casper, Pillow, Dyson, Upright, Bissell, AMD, futon, Amazon Philips, Chatelet Air, DELTA, Delta, Philips, Adidas Locations: Amazon, Keurigs

☆ The 20+ Best Prime Day Apple Deals Worth Shopping
▼ + stars: | 2024-10-09 | by ( Bethany Heitman | Bethany Heitman Is A Contributing Editor At Nbc Select. | ) www.nbcnews.com time to read: +8 min

I spent weeks combing through thousands of discounts to find the best October Prime Day Apple deals, whether its the AirPods Pro 2 or Apple AirPods Max. SKIP AHEAD Best Prime Day Apple deals | More Prime Day Apple sales | Best Apple sales at other retailers | How I picked the best Apple deals | Why trust NBC Select? Best Prime Day Apple salesHere are the best Prime Day Apple sales to know about. I’m a writer for NBC Select who has covered deals and sales for Amazon Prime Day, Black Friday, Cyber Monday and more. To round up the best Prime Day sales on Apple products, I found highly rated products at their lowest price ever or their lowest price in three months.

Persons: Apple, Max, I’ll, Siri, TikTok Organizations: Apple, NBC, Big Deal, Bluetooth Bluetooth, Amazon, Microsoft, Walmart, Apple Watch Walmart, Amazon Prime, Facebook, Twitter

☆ Here's what teenagers think about the iPhone 16 and new personal computers
▼ + stars: | 2024-10-09 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. The latest iteration of Piper Sandler's teen survey found somewhat lukewarm interest in Apple 's new iPhone 16. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, that's, Piper, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Dow Jones, Department of Justice, Google, Apple, Apple Intelligence, Analysts, Depot

☆ Apple Intelligence will create the biggest upgrade cycle in years, says EMJ's Eric Jackson
▼ + stars: | 2024-10-09 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple Intelligence will create the biggest upgrade cycle in years, says EMJ's Eric JacksonEric Jackson, EMJ Capital, joins 'Closing Bell' to discuss the return of the 'Teflon Tech' trade.

Persons: EMJ's Eric Jackson Eric Jackson Organizations: Apple Intelligence, EMJ, Tech

☆ Nvidia's value soars by $400 billion in 5 days. That's more than Costco is worth.
▼ + stars: | 2024-10-09 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Nvidia stock climbed 4% on Tuesday, extending its rally to 14% in five days. The chipmaker's market value soared by $400 billion — more than Costco is worth. Its $400 billion increase in value within a week is worth underscoring. Costco, which generated $254 billion of revenue and $7.4 billion of net income last year, is worth less than that. There's been no greater beneficiary than founder and CEO Jensen Huang, whose net worth has ballooned from about $14 billion to $106 billion in under two years.

Persons: Jensen Huang, Blackwell, —, There's, Amancio Ortega, Michael Dell, Huang, Elon Musk, Mark Zuckerberg, OpenAI's Sam Altman, Oracle's Larry Ellison, Microsoft's Satya Nadella, Andy Jassy, Alphabet's Sundar Pichai Organizations: Costco, Nvidia, Service, Microsoft, Apple, Bloomberg, Big Tech

☆ Nvidia shares are up 25% in the last month, rallying near a record ahead of tech earnings
▼ + stars: | 2024-10-09 | by ( Cj Haddad | ) www.cnbc.com time to read: +2 min

Nvidia shares have surged 25% in the last month and are closing in on a record ahead of tech earnings season in the coming weeks, when top customers like Meta , Microsoft and Alphabet will update shareholders on their expected investments in artificial intelligence. In August, Nvidia reported second-quarter earnings that showed revenue rose 122% year-over-year while net income more than doubled to $16.6 billion. The company also gave stronger-than-expected guidance for the current quarter and said it expects to ship several billion dollars worth of its new Blackwell AI chip. Demand is so high that Nvidia expects shipments for its current-generation Hopper chip to increase over the next two quarters. Nvidia shares jumped 4% on Sept. 23, after a filing showed Huang finished selling the company's stock.

Persons: Hopper, Jensen Huang, Blackwell, Huang, — CNBC's Michael Bloom Organizations: Nvidia, Meta, Microsoft, Apple, Oracle, Blackwell, Data Center, Mizuho Locations: China, Taiwan

☆ How to Say No to Our A.I. Overlords
▼ + stars: | 2024-10-09 | by ( Brian X. Chen | More About Brian X. Chen | ) www.nytimes.com time to read: +1 min

Big tech brands like Google, Apple, Microsoft and Meta have all unleashed tech that they describe as artificial intelligence. Soon, the companies say, we’ll all be using A.I. The companies rely on user activity to train and improve their A.I. systems, so they are testing this tech inside products we use every day. And whenever you use the search tool inside Instagram, you may now be interacting with Meta’s chatbot, Meta AI.

Persons: A.I, Meta’s chatbot Organizations: Google, Apple, Microsoft, Meta, Apple Intelligence

☆ US government considers a breakup of Google
▼ + stars: | 2024-10-09 | by ( Clare Duffy | Brian Fung | ) edition.cnn.com time to read: +3 min

The US Department of Justice in a court filing Tuesday night said it may recommend dismantling Google’s core businesses, separating Google’s search business from Android, Chrome and the Google Play app store. “That would prevent Google from using products such as Chrome, Play, and Android to advantage Google search and Google search-related products and features — including emerging search access points and features, such as artificial intelligence — over rivals or new entrants,” the government said in its court filing. The case had been described as the biggest tech antitrust case since the US government’s antitrust showdown with Microsoft at the turn of the millennium. Whatever ultimately happens to Google could set the stage for potential remedies in other, ongoing antitrust cases against tech giants. Google faces a separate case brought by DOJ attorneys, along with 17 states, who allege that its advertising business is anticompetitive.

Persons: ”, Amit Mehta, ” Kent Walker Organizations: CNN, Baby, Google, US Department of Justice, Android, Apple, Microsoft, DOJ, Meta, Ticketmaster

☆ How to send satellite texts on newer iPhones if your cell service is knocked out during Hurricane Milton
▼ + stars: | 2024-10-09 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Hurricane Milton may disrupt power and cell service in Florida. iPhone 14 and later models with iOS 18 offer satellite messaging when cell service is unavailable. Here's how to make sure your iPhone is set up to send satellite messages if Hurricane Milton topples the connectivity in your area. You can also send satellite messages via SMS to mobile numbers that aren't iPhones, but you have to message them first before their messages reach you, according to Apple's website. Still, satellite messaging can allow families to connect and let each other know they're safe during Hurricane Milton.

Persons: Hurricane Helene, —, Milton, Matt Van Swol, Hurricane Milton Organizations: Service, iOS, Apple Locations: Florida, Hurricane, Asheville NC, Asheville , North Carolina

☆ Recession fears are fading. Now it’s time for America’s companies to back that up
▼ + stars: | 2024-10-09 | by ( Krystal Hur | ) edition.cnn.com time to read: +4 min

New York CNN —Hopes for avoiding a recession are growing on Wall Street. Now, investors are looking to the upcoming earnings season for clues about the US economy’s health. The earnings season begins in earnest Friday with quarterly updates from big banks including JPMorgan Chase, Wells Fargo and BlackRock. Wall Street will also parse the September Consumer Price Index report and wholesale inflation figures due later this week. Wall Street will also eye developments from the tech companies whose mammoth stock returns have helped power this year’s bull market.

Persons: Motors, “, ”, Sarah Henry, Wells, Mark Malek, Siebert, Dave Sekera Organizations: New, New York CNN, Economic, PepsiCo, Conagra Brands, Logan Capital, JPMorgan Chase, Federal Reserve, Tech, “, FactSet, Apple, Nvidia, Communication, Morningstar Locations: New York, Wells Fargo, BlackRock

☆ Jim Cramer criticizes DOJ's stance on Google and possible breakup
▼ + stars: | 2024-10-09 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Wednesday disagreed with the Department of Justice's move to consider a possible breakup of Google , asserting that the company benefits consumers, businesses and the U.S."Google's an aggressive company. But I defy you to find any regular people in this country who think of Google as a bad actor," he said. "Google search is the most incredible bargain in the world, and the same goes for YouTube." Cramer also questioned the DOJ's antitrust lawsuit against Apple and the Federal Trade Commission's case that Amazon illegally wields monopoly power. Google declined to comment, and the Department of Justice did not immediately respond to a request for comment.

Persons: CNBC's Jim Cramer, Cramer Organizations: Department of, Google, YouTube, DOJ, Apple, Federal Trade, Big Tech, Department of Justice

☆ Amazon is becoming Big Tech's king of cash, and Wall Street wants a piece of it
▼ + stars: | 2024-10-09 | by ( Eugene Kim | ) www.businessinsider.com time to read: +6 min

Amazon's cash balance is expected to reach almost $400 billion by 2027, far outpacing tech rivals. AdvertisementAmazon's ballooning cash balance is drawing Wall Street's attention. By 2027, Amazon is forecast to have almost $400 billion in cash, far outpacing its Big Tech rivals. Despite the "remarkable" growth in Amazon's cash balance, the company hasn't been as aggressive as other tech companies in rewarding shareholders, he noted. During an April call with analysts, Amazon CFO Brian Olsavsky addressed the question about shareholder returns.

Persons: —, Wall, Mark Mahaney, Mahaney, Evercore's Mahaney, hasn't, Mark Shmulik, Bernstein, Morgan Stanley, Gene Munster, Munster, Andy Jassy's, Brian Olsavsky, Jassy, Olsavsky, Deepwater's Munster Organizations: Service, P Global Market Intelligence, Microsoft, Amazon, Big Tech, Apple, Deepwater Asset Management, Federal Trade Commission, Meta

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