Amazon launches new software

Amazon (AMZN), through its Amazon Web Services (or AWS) division, has secured a dominant position in cloud computing by hosting other companies’ technology infrastructures in its massive data centers. Amazon is now rolling out a new cloud-based database management software in collaboration with VMware (VMW) to offer cloud services to companies that still use on-premises data centers.

Amazon’s Partnership with VMware for Cloud Services

Amazon’s partnership with VMware

Amazon and VMware have been associated since October 2016 in a combination of cloud and on-premises technologies. Their most recent collaboration will deepen their relationship and offer cloud support to corporate computing outside its facilities. The software will be rolled out in the next few months and should help network administrators run their databases across more servers, regardless of whether those machines are stored in-house or hosted by Amazon.

The new product—Amazon Relational Database Service on VMware—will also support popular databases from Microsoft (MSFT) and Oracle but could pose a threat to Microsoft’s on-premises software tool Azure Stack.

Amazon’s dominance in the cloud market

AWS’s revenues rose 49% to $6.1 billion in the second quarter, with growth accelerating in both the first and second quarters.

According to Synergy Research Group, AWS holds a 34% share of the global cloud market as of the end of July, which is much higher than the other leading cloud providers. Microsoft has a 13% share of the worldwide cloud market, Alphabet’s (GOOGL) Google has a 6% share, and IBM’s (IBM) share is 8%.

Latest articles

This morning the US stock market opened on a strong bullish note after the Federal Reserve hinted at a cut in the interest rates yesterday. Also, renewed US-China trade optimism helped the S&P 500 Index reach new heights today. The world’s two largest economies have started trade negotiations once again ahead of US President Donald Trump and Chinese President Xi Jinping’s meeting next week.

Extreme value retailer Grocery Outlet Holding (GO) announced on June 19 that it had priced its IPO at $22 per share, well above its target price range of $18–$19. Initially, the company had planned to sell its shares in the range of $15–$17.

20 Jun

NIO Stock Is Soaring, Tesla Continues to Fall

WRITTEN BY Jitendra Parashar

On June 20, NIO (NIO) is trading on a bullish note for the fourth consecutive session. At 11:00 AM ET, NIO stock has risen 8.1% at $2.96. Earlier on June 20, the stock rose above the psychological level of $3.00.

20 Jun

Will Refiners’ Earnings Plunge in 2019?

WRITTEN BY Maitali Ramkumar

Wall Street analysts expect refining firms' earnings to fall in 2019. Delek US Holdings (DK) and Valero Energy’s (VLO) earnings are estimated to fall less than 10% in 2019. However, the EPS of Marathon Petroleum (MPC), HollyFrontier (HFC), and Phillips 66 (PSX) are expected to fall 20%–40% this year.

After remaining tepid for the first four months of the year, gold prices have taken off in a big way. The initial impetus was provided by a tweet made by President Donald Trump on May 5, which revived trade tensions in a big way.

20 Jun

How Are Charter’s Revenues Trending in 2019?

WRITTEN BY Ambrish Shah

In the first quarter, Charter Communications (CHTR) reported total revenues of $11.2 billion—a rise of 5.2% year-over-year and $7 million ahead of the consensus estimate.