China may have signaled it's going more hard-line on trade, but it could be a good thing, former U.S. negotiator Clete Willems told CNBC.World Economyread more
As China's economic growth declines, some analysts say Beijing may have to spend more on infrastructure, adding to concerns about high debts.China Economyread more
After years of speculation, Neuralink, the brain-machine interface start-up co-founded by Elon Musk, started talking directly to the public on Tuesday.Technologyread more
"The charts, as interpreted by Carley Garner, suggest that the upside in the stock market has gotten more limited," Jim Cramer says.Mad Money with Jim Cramerread more
John Paul Stevens, who served on the Supreme Court for nearly 35 years and became its leading liberal, has died.Politicsread more
Aarti Borkar from IBM Security says artificial intelligence bias can exist at three levels: the program, the data and the people who design those AI systems.Cybersecurityread more
A key read on the industry, the Architecture Billings Index, fell into negative territory in June, according to the American Institute for Architects. Inquiries for new...Real Estateread more
The largest U.S. banks are scrutinizing members of the Federal Reserve for any insight into how the central bank will tinker interest rates.Banksread more
Mikaila Ulmer may be just 14 years old, but the Me & the Bees Lemonade founder knows a thing or two about business.Young Successread more
U.S. President Donald Trump said Tuesday that Washington and Beijing have a long way to go on trade, adding that America could place tariffs on an additional $325 billion...Asia Marketsread more
The U.S. and China restarted their trade talks, but signs are showing a comprehensive deal could be a long way off, if it happens at all.Marketsread more
There are two trillion-dollar markets that are great new business opportunities for Amazon, according to D.A. Davidson.
The firm reiterated its buy rating for Amazon shares, saying the e-commerce giant should enter the travel and gas station markets.
"Based on our estimates, Amazon is currently pursuing 8 of 10 market opportunities that exceed $1T, globally. We see an opportunity for it to exploit the remaining two – gas (stations) and travel," analyst Tom Forte said in a note to clients Tuesday. The "company has a history of solving complex logistical problems. Financially, it seeks opportunities that can generate significant free cash flow."
Source: D.A. Davidson
The analyst noted more than 10 percent of Costco's sales are generated by its gas stations. He said Amazon could provide Prime subscriber discounts, expand its data collection on its customers and add thousands of distribution stores for its products through the gas stations.
Forte said Amazon could also follow Costco's model for travel deals, offering discounts for cruises, rental cars and vacations.
"Amazon could sell consumers not only the airline tickets and hotel accommodations but also everything they need for their trip," he said.
The analyst reaffirmed his $2,200 12-month to 18-month price target for Amazon shares, representing 19 percent upside to Monday's close.
The company's shares are up 58 percent so far this year through Monday versus the S&P 500's 7 percent gain.
Amazon shares closed up 0.8 percent Tuesday.