Jeff Bezos Dethroned as World’s Richest Person After Amazon Plummets

Amazon stock is getting bludgeoned following a downbeat earnings report. In Thursday after-hours trading, the stock dropped as much as 10%, making for one of its worst earnings losses in years: And with Amazon’s latest stumble, that means another thing: Microsoft’s amazing year continues. Last month, it unexpectedly became the world’s most valuable company, dethroning […] The post Jeff Bezos Dethroned as World’s Richest Person After Amazon Plummets appeared first on CCN.com

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Treasury Secretary Supports DOJ’s Decision to Probe Amazon’s Monopoly

Treasury Secretary Steven Mnuchin concurred with the DOJ that anti-competitive practices at the big tech companies warrant an antitrust investigation — an idea first proffered by Walmart. In an interview on CNBC, Steven Mnuchin said that while there have been many benefits to Amazon, the company has also destroyed the American retail industry, thereby limiting […] The post Treasury Secretary Supports DOJ’s Decision to Probe Amazon’s Monopoly appeared first on CCN Markets

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Jeff Bezos and Elon Musk’s Space Showdown

Watch Will’s analysis on the founder of Blue Origin & Amazon, Jeff Bezos’ plans to launch around 3,200 low-orbit satellites which will provide fast and accessible broadband to the masses and how it increases the space battle competition for the founder of Tesla, Elon Musk. Make sure to subscribe CCNMarkets on Youtube: https://bit.ly/2Kvn6xn The post Jeff Bezos and Elon Musk’s Space Showdown appeared first on CCN Markets

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Dow Flinches as Walmart-Led Lobby Demands Probe of Amazon & Google

The stock market’s trade war jubilee doesn’t look poised to carry over into a second day, as the Dow struggled to build on yesterday’s triple-digit gain. Rather, the index teetered sideways after a Walmart-backed retail coalition demanded that the Trump administration target Amazon and Google for anticompetitive practices. Dow Teeters in Wake of G-20 Euphoria […] The post Dow Flinches as Walmart-Led Lobby Demands Probe of Amazon & Google appeared first on CCN Markets

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Walmart In-Home Delivery a Security Threat and Amazon Knock-Off

By CCN: For a company that can’t even employ staff members capable enough to direct shoppers to the right aisle, Walmart is taking an enormous gamble asking customers to trust them to enter their homes. But that’s exactly what the Bentonville, Ark. behemoth is planning to do in a bid to take on Amazon in the burgeoning home-delivery market. It is pure madness. But will it work? Anyone Want Walmart Employees in Your Home? Walmart is going to launch refrigerator deliveries in Kansas City, Missouri, Pittsburgh, and Vero Beach, Fla.…

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Amazon Stock Jumps After ‘Idiot’ Warren Buffett Reveals Berkshire Stake

By CCN: Billionaire Warren Buffett gave Amazon stock a jolt today after revealing that he owns AMZN shares and was “an idiot” for not investing in the e-commerce giant sooner. As of this writing, Amazon stock was trading at $1,961, up 3.19%, on above-average volume of 4.85 million shares. Average daily trading volume is 4.17 million shares. Buffett: ‘I’ve Been an Idiot for Not Buying Sooner’ On Friday morning, Amazon stock climbed 2.5% in pre-market trading after Buffett told CNBC yesterday that he had underestimated billionaire Jeff Bezos and his…

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$5,000: Why Amazon Stock is Primed for a Parabolic 175% Rally

One equities analyst is going all out on his bullish thoughts about Amazon stock (NASDAQ: AMZN), saying the company has the makings of what it takes to command $5,000 a share by 2025. That would put the company’s valuation at $2.5 trillion. It would also make it the first ever to reach that level, according to Doug Kass, president of Seabreeze Partners Management. He sent out an email to his firm’s clients with his opinions. Kass and Seabreeze Partners aren’t the only ones who are bullish on Amazon, but they…

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