More The saga over control of TikTok in the U.S. became both clearer yet equally confusing Monday, as Oracle said it struck a deal with ByteDance for the wildly popular video-sharing app.

Amazon (AMZN) on Monday said it will begin placing new customers for its online grocery delivery service on a waitlist. The e-commerce giant wants to prioritize existing customers as a result of heavy demand during the coronavirus pandemic. Amazon stock surged, as the company also announced plans to hire an additional 75,000 employees. In addition, Amazon said it completed previous plans to hire 100,000 additional workers and will add another 75,000 workers on top of that, "to help meet...

Amazon.com (AMZN) is the IBD Stock Of The Day, a company uniquely positioned to perform well across the board due to changes in consumer behavior during the coronavirus pandemic. Amazon stock has held up relative to overall market conditions. The reason is simple: Consumers are spending more of their time and money shopping online in order to avoid crowds. This includes items that are out of stock at their local supermarket. Besides, state and local authorities want consumers to remain...

Splunk (SPLK) fell Friday despite quarterly earnings that smashed estimates on the top and bottom line, and a raised outlook from the company. What hurt Splunk stock was concerns over cash flow as the company continues a billing transition. Late Thursday, the company reported an adjusted profit of 2 cents per share on revenue of $425 million for its fiscal first quarter ended April 30. Wall Street expected a loss of 14 cents on revenue of $395.4 million. Splunk earnings came after the market...

Shares of Advanced Micro Devices soared Tuesday as the company unveiled a new line of chips for PCs and gaming over the weekend that received positive reviews, while Intel stock fell.