These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
Stocks in Asia traded lower on Monday morning, as investors await the start of a Nasdaq-style technology board on the Shanghai Stock Exchange.Asia Marketsread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
Last week shows that oil prices are not the indicator for Middle East tensions they once were, and worries about global demand and growing U.S. production has changed that...Market Insiderread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
Gluskin Sheff's David Rosenberg is painting a painful picture for stocks as earnings season goes into full gear.Futures Nowread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Weather & Natural Disastersread more
Amazon is not just disrupting industries, it is single-handedly disrupting the whole economy, according to Elevation Partners co-founder Roger McNamee.
The investor, in his appearance on CNBC's "Fast Money" on Wednesday, was commenting on the apparent deal between Amazon's cloud business and Cerner, one of the world's biggest health tech companies. Amazon has been looking for a way into the health-care industry.
McNamee said he sees this move as a "typical Amazon" approach to the type of disruption it is causing in virtually every industry.
"Any industry that has been reluctant to adopt cloud services has been at risk for being disrupted by amazon," McNamee said. "Health care is one of the places where the cloud has had much less impact than it could have or should have."
Much of Amazon's success, McNamee argued, comes from the company's robust and expanding cloud services. In addition to its health investments, Amazon Web Services looks to expand into the public sector, announcing plans for a group of cloud data centers for the U.S. intelligence community Monday.
"The reality is that Amazon is the world's most successful player in cloud services. And any industry that has been reluctant to adopt cloud services has been at risk for being disrupted by amazon," he said.
Health care may not be a huge money-maker straight away, but if Amazon's success in other industries is any indicator, McNamee anticipates AWS' partnership with Cerner will be a good start.
"In each market in which they operate, [Amazon has] changed the rules profoundly. It makes it really hard for competitors to fight back, they are effectively playing a different game," he said.
While health care looks like the next big target on Amazon's cloud disruption list, McNamee thinks streamlining retail and perishable food distribution will bring the company its biggest value over the short term, especially as traditional retailers struggle.
"There are just too many square feet of retail space and it is allocated in a way that inevitably is going to have lots of losers," McNamee said.