Amazon warned of a period of reduced growth and signaled the difficult economic environment is denting the performance of its cloud-computing business that has been a profit engine for the company. Shares are down 5% in premarket trading.
Sports merchandise retailer Fanatics is set to enter the live-streamed shopping sector. Fanatics will host video events led by digital content creators and influencers who focus on trading cards that will be available directly from Fanatics’ app or website.
Multinational supermarket chain Aldi has expanded its operations again by opening a regional headquarters and distribution center in Loxley, Alabama. The facility is designed to support at least 100 stores across Louisiana, Alabama, Mississippi and the Florida Panhandle.
Futures are down after stocks closed mixed yesterday. The Dow Industrials fell 39, but the NASDAQ surged 384 and the S&P 500 gained a sharp 60.
