|Bid||3,120.68 x 1000|
|Ask||3,123.48 x 800|
|Day's Range||3,000.38 - 3,133.99|
|52 Week Range||1,626.03 - 3,552.25|
|Beta (5Y Monthly)||1.32|
|PE Ratio (TTM)||120.17|
|Earnings Date||Oct 29, 2020 - Nov 05, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3,688.05|
Jonathan Golub, Credit Suisse Chief U.S. Equity Strategist, joined The Final Round to discuss the relationship between stocks and the economy and his outlook for the market through the end of the year.
More than seven years after Amazon began its e-commerce operations in India, and two years after its shopping service added support for Hindi, the most popular language in the country, the American giant is embracing more local languages to court hundreds of millions of new users. Amazon announced on Tuesday its website and apps now support Kannada, Malayalam, Tamil, and Telugu in a move that it said would help it reach an additional 200-300 million users in the country. Localization is one of the most crucial -- and popular -- steps for companies to expand their potential reach in India.
(Bloomberg) -- Amazon.com Inc. launched a “Prime Bike” on Tuesday, a bid to compete with an array of at-home exercise bikes that have become popular in the pandemic, such as those offered by Peloton Interactive Inc.The new EX-Prime Smart Connect Bike is available on the e-commerce giant’s website for $500, a steep discount to Peloton machines that cost well over $1,000. The Prime bike is available exclusively to Amazon Prime subscribers, Forbes and Fortune reported. It was developed through a partnership with Echelon Fitness. The machine comes with a free 30-day Echelon membership trial, which includes live exercise classes.“The Prime Bike was developed in collaboration with Amazon, aiming to create an amazing, connected bike for less than $500,” Lou Lentine, chief executive officer of Echelon, said in a statement. Shares of Peloton fell as much as 6.7% on Tuesday, but recovered to be down less than 1% at the close in New York.Amazon often releases new hardware as a way to get its technology into consumers’ homes. The company sometimes uses a scatter-shot strategy, pushing out many different gadgets to see what works, including microwaves and clocks.This is not the first time Echelon has entered into a partnership to distribute its bikes. It also had a deal with Walmart Inc. for a similar model at $500. This is why KeyBanc Capital Markets analyst Edward Yruma isn’t too worried for Peloton.“Other than a few cosmetic changes, the $500 bike is almost identical to Echelon’s $500 bike at Walmart.com, which has been available at Walmart.com since March and hasn’t had any noticeable impact to Peloton’s growth,” Yruma wrote in a note to investors.(Updates with CEO comment in third paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.