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
Alibaba's fourth-quarter revenue of 187.4 billion yuan increased 64% year-on-year
Sina Technology News reported on the evening of May 13, Beijing time, that Alibaba today released financial results for the fourth quarter and full year of the 2021 fiscal year ending March 31, 2021 (Note: Alibaba's fiscal year is not synchronized with the natural year; it starts on April 1 of every year and ends on March 31 of the following year). In the fourth quarter, Alibaba's revenue was RMB 187.395 billion (US$28.602 billion), an increase of 64% over the previous year. Excluding the impact of the merger of Gaoxin Retail, revenue was RMB 159.952 billion (US$24.413 billion), an increase of 40% over the previous year
Is it stock god or stock god Buffett's net worth reaches 100 billion US dollars
On Wednesday local time, Warren Buffett's wealth reached 100 billion US dollars, and investors pushed the stock price of his company Berkshire Hathaway to record levels. According to statistics from “Forbes” magazine, Buffett's net worth comes almost entirely from holding one-sixth of Berkshire's shares. Berkshire is a company with a market capitalization of about 600 billion US dollars. Berkshire Hathaway's stock price rose sharply in March, and its Class A shares surpassed $400,000 on Wednesday. Earlier, the Omaha-based company, headquartered in Omaha, Nebraska, said on February 27 that despite the spread of the epidemic, the company's fourth-quarter operating performance had improved
SEC: investors should be cautious in buying SPAC shares endorsed by celebrities
The Securities and Exchange Commission (SEC) issued a warning on Wednesday against celebrity-backed special purpose buyout companies (SPAC), urging investors to think twice. "Celebrity participation in SPAC does not mean that one or more specific SPAC investments are suitable for all investors," the SEC said in an investor warning posted on its website. Celebrities, like others, may be tempted to participate in venture capital, or may be better able to withstand the risk of losses. Don't buy SPAC shares because of endorsements from Hollywood actors, professional athletes and famous musicians. "if only because a famous sponsor or investor said
In order to boost the impact of the euro, the European Union will establish a primary dealer framework for recovery fund bonds.
The EU will establish a primary dealer framework for joint bond issuance to support its COVID-19 recovery fund, the EU budget and administrative commissioner said on Wednesday. Johnannes Hahn, the EU commissioner, said the EU would launch a 750 billion euro issuance plan this summer to fund member states' COVID-19 recovery fund, some of which will be issued through auctions. In bond auctions, banks act as primary dealers for borrowers to buy bonds and then sell them to investors, helping to build market liquidity. Mr Hahn said the EU would set standards for the framework by mid-April, followed by tendering procedures. This bid
A new giant is born! AerCap will acquire General Electric Co aircraft Leasing Business for US $30 billion
AerCap, the world's largest aircraft leasing company, has finally finalised a deal to buy General Electric Co's leasing business worth more than $30 billion. The world's two largest aircraft leasing companies will merge and a new industry giant will be born. The two companies finalised the deal on Wednesday after days of speculation about buying General Electric Co's leasing subsidiary GECAS. Together, the two companies control more than 2000 aircraft, which inevitably dwarfs other competitors. The merger will easily become the largest buyer of jets made by Airbus and Boeing Co and reshape the global aviation finance industry. In recent years
Central Bank of Canada keeps monetary policy unchanged. Interest rate statement is more dovish than expected.
The Bank of Canada left its benchmark interest rate unchanged and reiterated its commitment to keep interest rates at historically low levels. The central bank has not made any adjustments to monetary policy. The benchmark overnight interest rate remained at 0.25%, according to a statement issued on Wednesday, and the central bank reiterated that it would not raise borrowing costs until the losses caused by the epidemic were fully repaired. The central bank predicts that a full recovery may not be until 2023. As part of the stimulus, the bank also pledged to buy Canadian government bonds worth at least C $4 billion ($3.1 billion) a week, although it hinted that purchases could be cut once the economic recovery is solid. The central bank pointed out in its policy statement:
Small screen market demand is not as expected Apple Inc plans to slash iPhone 12 mini production
Last year, Apple Inc estimated that about 100m iPhone parts would be needed by the first half of 2021. Now the tech giant is cutting all planned iPhone production, according to a new report. Apple Inc asked suppliers to reduce production by 20 per cent compared with December's plan, according to industry sources. The main product to be cut is the iPhone 12 mini, the cheapest 5G phone in Apple Inc's product line. "some suppliers have even been asked to suspend production of mini-specific components for the time being." It is estimated that Apple Inc will plan for this smartphone in the six months to June this year.
Goldman Sachs Group: will invest 10 billion US dollars to support black women and affect at least 1 million people by 2030
Goldman Sachs Group Group announced on Wednesday that it will invest 10 billion US dollars over the next 10 years to implement a program called "1 million Black Women" to support black women, focusing on areas such as health care, employment and education. The bank said the move was part of its commitment to affect the lives of at least 1 million black women by 2030. Goldman Sachs Group created a $10 million fund last year to promote racial equality. At the time, the company said it had invested about $200 million in organizations dedicated to providing services to communities of color over the past decade.
Japan's real GDP in the fourth quarter was weaker than expected, and the yen hit a nine-month low
Original title: Japan's actual GDP in the fourth quarter was weaker than expected, and the yen hit a nine-month low! Japan's real GDP was weaker than expected in the fourth quarter, and the yen fell for a fifth consecutive day in early trading to a nine-month low, as investors sold safe-haven assets to a stronger dollar, data showed on Tuesday morning. In addition, the slow vaccination process is now a major drag on the yen. Japan's GDP growth rate in the fourth quarter was revised downwards as companies cut spending in response to falling demand. Japan's economic expansion in October-December 2020 was slower than originally estimated. Companies tighten plant and equipment spending and significantly reduce inventory
Yunmi Technology's pre-market rise of nearly 21%, home appliances have become an important direction for expanding its IoT business
Sina Technology News reported on the evening of February 22 that Yunmi Technology had risen 20.84% before the market to 19.19 US dollars. According to information, after home appliances became an important direction for Yunmi Technology's IoT business expansion, Yunmi Technology was the company involved the most in the home appliance category in the Xiaomi ecosystem. In the 2020 Q3 earnings report released recently by Yunmi, the data showed that the company achieved total revenue of 4 billion yuan in the first three quarters, an increase of nearly 40% over the same period in 2019. Meanwhile, management said during a conference call in the third quarter that the company will continue to implement the product optimization strategy and expects gross margin to reach around 20% in 2021.
Clearing positions in Qiaoshui in the fourth quarter Tesla, Inc. Jiancang is long JPMorgan Chase (with a list of shares)
Sina Financial News-the 13F report submitted by the Bridge Water Fund to the US Securities Regulatory Commission on the 13th shows that Qiaoshui cleared Tesla, Inc. 's shares in the fourth quarter, Jiancang was long JPMorgan Chase, and reduced its holdings of SPDR Gold Shares, that is, gold ETF,SPDR securities 500 ETF Trust, as its largest position. The Qiaoshui Fund cleared 74 stocks in the fourth quarter of last year, including the sale of 35650 shares of Tesla, Inc.. Jiancang did more than 169stocks, including 412775 shares of JPMorgan Chase & Co, 1.4 million shares of Bank of America Corporation and 36.9 shares of Citigroup Inc.
SpaceX Starlink internet service starts accepting bookings for $99 per month
The Starlink (Starlink) satellite internet project of Musk's Space Exploration Technology Company (SpaceX) once again expanded the scope of public testing on Tuesday and began accepting reservations. The company said that it currently only accepts reservations for users in the US, Canada and the UK. The monthly fee is 99 US dollars. If you order the Starlink Network Service Kit, you still need to pay 499 US dollars, including a satellite TV butterfly antenna and tripod, Wi-Fi router, power supply, and wires. This is SpaceX's further action after expanding the scope of Starlink testing services last year. It is also SpaceX's independent listing of the Starlink project
South Korea's unemployment rate reaches its highest level since 1999, hit by strict epidemic prevention measures
South Korea's unemployment rate climbed to its highest level since 1999 in January as strict restrictions were imposed to limit the domestic coronavirus epidemic. The unemployment rate rose to 5.4% in January from a revised 4.5% the previous month, the South Korean Bureau of Statistics said on Wednesday. Economists had expected 4.5%. There were 982000 fewer jobs in January than in the same period last year, the 11th consecutive month of job losses.
参议院周六召开会议讨论巴雷特的提名 周一将确认结果
程序性投票将于周日进行,最终确认将于周一进行。 美东时间周六下午,参议院将罕见地举行会议,就巴雷特(Amy Coney Barrett)法官进入最高法院一事进行辩论。几天后,选民将决定共和党人是否将继续控制参议院和白宫。 民主党人强烈反对在如此临近选举的时候确认巴雷特的任命,抵制了司法委员会周四的投票。纽约州民主党参议员查克·舒默(Chuck Schumer)星期五在参议院的会议上采取了四种拖延战
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