Huawei CEO Ren Zhengfei said in an interview with CNBC the company's business is still strong in China.Technologyread more
The Fed is not likely to make a move on interest rates when it meets this week, but it should clear the way for a rate cut later in the summer.Market Insiderread more
U.S. President Donald Trump officially kicked off his reelection campaign Tuesday at a Florida rally where he exhorted thousands of rollicking supporters to keep advancing his...Politicsread more
Trump's remarks came a day before the Fed was set to announce its next decision on interest rates.Politicsread more
Sen. Josh Hawley, a well-known tech critic, introduced legislation on Wednesday that would remove the immunity big technology companies receive for user-posted content under...Technologyread more
Facebook's new cryptocurrency project, titled Libra and backed by the likes of Visa and Booking Holdings, is being widely embraced by market watchers.Trading Nationread more
Zuckerberg fell out of Glassdoor's top 20 CEO ranking for the first time, although his employee approval rate remains high.Technologyread more
The U.S. and China have imposed tariffs on billions of dollars' worth of one another's goods since the start of 2018.Traderead more
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Adobe expects fiscal third-quarter earnings and revenue that are below what analysts were looking for.Technologyread more
In a tweet, Trump said that he and Xi "had a very good telephone conversation," and that "our respective teams will begin talks prior to our meeting."Politicsread more
Amazon's ability to connect content to commerce won over the Tolkien estate back in 2017, when the company bought the rights to a "Lord of the Rings" series. Unlike Netflix or HBO, Amazon can market its content within an Amazon search for merchandise. Already today, a search for "The Hobbit" doesn't just show you the book to buy, but it also gives you a chance to subscribe to watch the movie on Prime Video.
Amazon's next big splash could be sports, especially live sports programming. The company has already acquired some streaming rights to Thursday night football and Premier League games, but it has yet to land a huge exclusive sports rights deal.
That could change in the coming years as league rights to the NFL, the NBA and Major League Baseball come up for grabs. Professional sports leagues may initially be hesitant to sell their rights exclusively to a nontraditional player like Amazon, but the potential to make a bigger profit may make the option more appealing.
"Amazon looks at content creation through a very different lens than a traditional media company," said Rich Greenfield, a media analyst at BTIG. "A traditional media company is, 'Well, how much advertising can I generate from this?' Amazon, the first thing when they talked about the NFL, the number one metric they were looking at is 'new to Prime,' meaning new people that have come into the Prime ecosystem because those are people that spend a lot more over the year than people that are not part of the Prime ecosystem."
The bigger battle, beyond just content, could be ownership of the home. Seamlessly connecting the Amazon Echo to TVs and mobile devices could revolutionize how people find shows and movies. So far, Amazon and Apple haven't really gone toe to toe. But as Apple gets into original content too, that competition is coming.