It's no surprise to see Amazon shares lower after cloud CEO shakeup

Health Care Industry News

It's no surprise to see Amazon shares lower after cloud CEO shakeup
Breaking News: TechnologyAmazon.Com IncDanaher Corp
  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 15 min. at publisher
  • 📊 Quality Score:
  • News: 58%
  • Publisher: 72%

The Investing Club holds its 'Morning Meeting' every weekday at 10:20 a.m. ET.

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Tuesday's key moments. U.S. stocks were little changed Tuesday as the market digested hotter-than-expected inflation data. April's producer price index print came in above estimates , further complicating the timeline for Federal Reserve interest rate cuts.

We'll listen for any updated commentary from management later Tuesday at a Bank of America health-care conference. Year to date, the stock is now up more than 10%. Amazon announced Tuesday that the CEO of Amazon Web Services, Adam Selipsky, will step down in June. Selipsky will leave Amazon's cloud computing business in a position of strength, with revenue up 17% year over year in the first quarter. Shares of the Club holding were lower by about 0.5% on Tuesday.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

Breaking News: Technology Amazon.Com Inc Danaher Corp Gamestop Corp Morning Meeting Recaps Jim Cramer Investment Strategy Markets Breaking News: Markets Stock Markets Technology Inflation Business News

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Next Xbox Console Seemingly Confirms a Huge Fan-Favorite FeatureNext Xbox Console Seemingly Confirms a Huge Fan-Favorite FeatureXbox is investing in the future by investing in the past.
Read more »

Interview with Genesis Gold Group CEO on investing in precious metalsInterview with Genesis Gold Group CEO on investing in precious metalsInterview with Genesis Gold Group CEO on investing in precious metals
Read more »

Gayatri Sarkar, CEO Of Advaita Capital Will Ignite Diversity And Ethical Investing In Venture CapitalGayatri Sarkar, CEO Of Advaita Capital Will Ignite Diversity And Ethical Investing In Venture CapitalHessie Jones is an Author, Strategist, Investor and Data Privacy Practitioner, advocating for human-centred AI, education and the ethical distribution of AI in this era of transformation.
Read more »

Investing In People, Simplifying Processes: A CEO's Guide To Sustained GrowthInvesting In People, Simplifying Processes: A CEO's Guide To Sustained GrowthDavid Roberts is the President and Chief Executive Officer of Verra Mobility, a leading provider of smart mobility technology solutions. Read David Roberts' full executive profile here.
Read more »

Magnificent 7 Earnings Report Card: Here's How the Giants Fared So Far in Q1Magnificent 7 Earnings Report Card: Here's How the Giants Fared So Far in Q1Stocks Analysis by Investing.com (Francesco Casarella) covering: Microsoft Corporation, Alphabet Inc Class A, Apple Inc, Amazon.com Inc. Read Investing.com (Francesco Casarella)'s latest article on Investing.com
Read more »

Amazon Q1 Earnings Preview: Will Giant's Massive AI Investment Start Paying Off?Amazon Q1 Earnings Preview: Will Giant's Massive AI Investment Start Paying Off?Stocks Analysis by Investing.com (Günay Caymaz) covering: Amazon.com Inc. Read Investing.com (Günay Caymaz)'s latest article on Investing.com
Read more »



Render Time: 2025-02-22 23:56:11