Amazon’s “relentless” strategy has played out in several ways this month.
The company told third-party sellers this week they can no longer use FedEx Ground for shipping to Prime customers.
Amazon has a long history of snuffing out competitors to keep growing larger.
A net 7% of stocks on the Nasdaq and New York Stock exchanges hit new 52-week highs last week, a bullish sign for the market.
Sentiment Trader said it was the most in six months, and the increase in highs is often a good longer-term signal for the market.
“It’s really a market firing on all cylinders. It’s such a key point here,” said one technical analyst, noting the breadth of the market has been improving.
“Secular bull markets tend to run 15 to 20 years. They’re not interrupted by 20% to 30% declines,” said Saut on CNBC’s “Trading Nation” on Friday. “The 1949-1966 secular bull market had a 30% decline when you had the Jack Kennedy steel crisis in 1962. The 1982-2000 secular bull market had the 1987 crash, but the bull market went on for another 13 years, so I think we’ve got years left on the upside.”
Read MoreBoris Johnson will tell the next generation of more than 100 new Tory MPs that they have a responsibility to change the the party for good, as he sets out plans for a first vote on his Brexit bill before the festive season.
With just a week until Christmas, the UK prime minister intends to accelerate plans for his Brexit bill, carry out a minor cabinet reshuffle and present a Queen’s speech next week, before shifting his focus to reshaping Whitehall in the new year.
He will begin by telling his new Tory recruits, who mostly represent northern and Midlands seats, they must help him deliver for the voters in their areas.
In October, Xi gave a speech saying China needs to “seize the opportunities” presented by blockchain, in what appeared to be one of the first instances of a major world leader backing the tech.
Over 500 blockchain projects have been registered with the government.
Experts say China could define the technology if it’s able to take a lead — which could be “dangerous.”
Total ETF assets have been growing at a “fairly consistent” annual rate of 25% from $770 billion 10 years ago, Bank of America said.
The market could hit $5.3 trillion by the end of 2020 at this rate, and a whopping $50 trillion by 2030, the bank predicted.
Since the inception of the first ETF — the S&P 500 SPDR — in 1993, the U.S. market has grown rapidly to a $4.3 trillion juggernaut.
"Time is money" is a popular adage, but when it comes to retirement, it's usually timing that matters most. Significant losses or depletions to savings early in retirement can diminish a retiree's nest egg and derail plans. This is known as sequence-of-returns risk, and it's an important concept to discuss and plan for with clients.
Read More“A viable space tourism business is what you pay for today … but a chance to disrupt the multi-trillion-dollar airline [total addressable market] is what is really likely to drive the upside,” Morgan Stanley analyst Adam Jonas wrote in a note to investors.
Read MoreBiogen shares rise after the biotech firm offers more data on its late-stage Alzheimer’s drug, aducanumab.
Analysts who parsed through it say the lack of any new negatives in the report means that they expect the company will take the data to the Food and Drug Administration.
Attabotics, a Calgary-based 3-D robotics supply chain maker, has developed automation technology that allows companies to store and handle goods more efficiently.
It applied the three-dimensional structure of ant colonies into a fulfillment system that is flexible, scalable and accelerates the shipping and delivery process.
The technology appeals to retailers and brands that are looking to place so-called micro fulfillment centers near high-density urban areas.
Shawn “Jay-Z” Carter has taken the idea of VIP to a new level — the billionaire sent Rolex watches as exclusive invites to his first Shawn Carter Foundation Gala, Essence reports.
Rappers Kasseem Dean, aka Swizz Beatz, and Robert Rihmeek Williams, aka Meek Mill, both shared their VIP Rolex watch invites via Instagram Story. The invites also included a bottle of Armand de Brignac champagne (Jay-Z’s brand, also known as Ace of Spades).
Read MoreA Patek Philippe watch sells for $31 million, making it the most expensive wristwatch ever auctioned.
The sale tops a previous record set in 2017 for a Rolex Daytona once owned by Paul Newman, which sold for $17.7 million.
The Patek was sold as part of the Only Watch auction in Geneva, held by Christie’s to benefit research on Duchenne muscular dystrophy.
WASHINGTON – News this week that two former Twitter employees were charged by the Department of Justice with spying for Saudi Arabia inside the company put a fresh spotlight on a problem few businesspeople think about as they tweet, “friend” and message away on the internet: Social media is crawling with spies.
Read MoreOther Gulf nations have softened their stance on VoIP providers in recent years. Saudi Arabia lifted its ban on WhatsApp calls in 2017, while Qatar now allows the use of VoIP services through licensed telecoms operators.
Reports emerged last year that Microsoft and Apple were in talks with the UAE’s government about lifting the ban on Skype and FaceTime. However, their video and audio calling services are still blocked.
Read MoreSoftBank reported its first quarterly loss in 14 years on Wednesday, whiplashed by an $8.9 billion hit at its giant Vision Fund and marking a rare, humbling moment for CEO Masayoshi Son over his backing of troubled startup WeWork.
The scale of the loss shows the risks in Son’s strategy of splashing out big on cash-burning startups. It has also cast a pall on his efforts to raise a second massive fund.
Read MoreWhat happens now?
Johnson was hoping to get his deal through on Saturday, when lawmakers were gearing up to vote on the deal in a rare weekend sitting. But that did not happen, as lawmakers instead voted on an amendment that withholds their support for any deal until separate legislation is passed that ensures that any deal must be implemented in U.K. law.
The Dow Jones Industrial Average is only about 2% from a record high, but confidence is hard to come by when wealthy investors are asked about the future direction for the market. The percentage of the affluent investors who expect a stock market decline to be booked in the fourth quarter has doubled, according to a survey conducted by E-Trade Financial this month.
Read MoreWith the new year finally upon us, you may be aching to make some significant changes in your life. Maybe you want to start exercising more often and taking better care of your health.
Or, perhaps you want to spend more quality time with your kids — time where you only focus on them and nothing else.
And maybe, just maybe, you’re starting to feel like 2019 is the year you should finally start investing your money for long-term growth. Maybe you have built up a respectable sum of money in a high-interest savings account, but you know that saving cash isn’t enough.
Read MoreHow much you’ll need to invest each month to retire with $3 million at age 20, 30, 40 and beyond
Read MoreSingapore’s economy — often seen as a bellwether for global growth — avoided a technical recession after growing by 0.6% in the third quarter, compared to the previous three months.
That quarter-on-quarter expansion marked a reversal from the revised 2.7% decline in the April-to-June period, official advance estimates by the Ministry of Trade and Industry showed on Monday. On a year-on-year basis, Singapore’s economy grew 0.1% in the third quarter.
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