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Bezos shared a negative Amazon.Com Inc article more than 20 years ago: don't let anyone tell you who you are.
Amazon.Com Inc founder Jeff Bezos shared on Twitter on Monday a negative article about Amazon.Com Inc more than 20 years ago, just two years after Amazon.Com Inc went public and the world was on the eve of the bursting of the dotcom bubble. The article, published in May 1999, argues that Amazon.Com Inc's stock will be in trouble due to increasingly fierce competition from companies such as Walmart Inc and direct distributors and investors competing for profits. In the two years since the publication of this article, Amazon.Com Inc's share price has fallen 71 per cent. More than 20 years have passed in the twinkling of an eye. After the dotcom bubble burst, many companies went bankrupt, but Amazon.Com Inc survived tenaciously.
Fitch warns that debt ceiling stalemate may put pressure on US sovereign credit rating
Original title: Fitch warns that debt ceiling stalemate may put pressure on US sovereign credit rating Xinhua News Agency, New York, October 1 (Reporter Liu Yanan) Fitch, an international credit rating agency, issued a statement on October 1, saying that if the United States is deadlocked over raising the federal debt ceiling or suspending the debt ceiling, the US sovereign credit rating will be under pressure. Us Treasury Secretary Yellen warned on September 28 that if the US Congress does not resolve the debt ceiling issue in time, the US Treasury will run out of debt space on October 18, when the federal government will face the first debt default in history. Fitch said it could not mention it as of October 18.
“Stock Goddess” sold Tesla shares for the second day in a row to cash out $138 million
Three funds owned by Ark Investments founder Cathy Wood sold Tesla shares for two consecutive days on Wednesday and Thursday, using the stock to recover from months of sluggish performance, to cash out a total of about 138.5 million US dollars. Following the sale of 142,708 Tesla shares on Wednesday, the three funds sold another 40,940 shares on Thursday, for a total of 183,648 shares over two days. Tesla's stock price is up about 3% this week so far, rising 0.13% on Thursday to close at $754.86. So far this year, the company's stock price has increased by about 3.4% cumulatively. Wood's Three Funds - Ark Automation Technology
Supply chain problems show no sign of easing economists continue to raise inflation expectations in the United States
The supply crunch that has plagued the US economic recovery shows little sign of dissipating in the short term, putting pressure on the economy and possibly triggering inflation. Forecasters have lowered their growth forecasts for this year and raised a number of inflation expectations for this year and next, according to Bloomberg's latest monthly survey of economists. James Knightley, chief international economist at ING, said persistent supply chain constraints and labor shortages not only hampered economic growth, but also raised costs for companies. "supply falling short of demand means not only higher inflation, but also missed growth opportunities." Individuals are currently expected to be in the third quarter
TSB Bank of the UK will ban customers from buying cryptocurrency: one in eight transactions is fraudulent
The UK's TSB Banking Group plans to ban more than 5 million customers from buying cryptocurrencies for fear of fraud when they pay to some of the trading platforms represented by (Binance), according to people familiar with the matter. It is reported that TSB will stop cryptocurrency trading if someone is found to be abusing the trading platform for fraud, and will issue a ban within a few weeks. The bank estimates that one in eight payments to the encrypted currency trading platform ends up being defrauded, compared with only one in 5500 transactions involving unencrypted currency transfers. The bank also said that all the experiences of its customers
The opening of the Japanese and South Korean stock markets fell sharply, and the Nikkei index fell 1.58%, following the decline in US stocks last Friday
On Monday, the 225 Index opened down 1.58% to 28506.84 points. South Korea's KOSPI Index opened down 0.94% to 3237.06 points. The Australian S&P/ASX 200 index opened down 1.2% to 7283.60 points. The hawkish attitude of the Federal Reserve caused the S&P 500 index to fall last week. The S&P 500 index fell 1.9% throughout the week, the biggest weekly decline since February. The US stock market fell for the fourth day in a row last Friday. The S&P 500 index had its worst week since February, and the Federal Reserve's surprisingly hawkish attitude subverted the present
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