China e-commerce giant Alibaba Group (BABA) — already in the process of buying “China’s YouTube” Youku Tudou (YOKU) for $4 billion — is also reportedly closing in on a major investment with New York-based grocery ordering smartphone app Boxed Wholesale, according to media reports. Alibaba could invest as much as $80 million in privately held Boxed, putting the Chinese conglomerate in competition with Amazon.com (AMZN) on the U.S. e-commerce
Capital spending by Apple (AAPL) and various Internet giants pushing into cloud computing tailed off in the September quarter, but Facebook’s spending surged, says Goldman Sachs. Apple’s September-quarter (fiscal Q4 2015) capital spending slipped 6% from the year-earlier quarter to $3.43 billion, but capital spending by Facebook (FB) surged 62% to $780 million. “Capex was weaker than expected at the major spenders — Amazon.com (AMZN), Apple,
With strong quarterly reports out this earnings season, some big tech stocks have been hitting new highs. Google owner Alphabet, Amazon, Facebook, Microsoft and Priceline have all reached new high ground in the last couple days. E-commerce giant Amazon.com (AMZN) is an IBD Leaderboard stock and has powered up three days straight, to as high as 662.26 on Friday. The stock is now well overextended past a 549.88 buy point. Amazon’s quarterly report