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Monthly Archives: April 2018

CEO Jeff Bezos’ 2018 shareholder letter

Brent Lewis | Getty Images Jeff Bezos, founder and CEO of Amazon Amazon CEO Jeff Bezos has released his latest annual shareholder letter. In the letter, Bezos stressed the importance of having high standards in running a business. By setting high standards, companies are able to live up to “ever-rising …

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Trump and Kim Jong Un should meet: Former Ambassador Bill Richardson

Jung Yeon-je | AFP | Getty Images A South Korean soldier walks past a television screen showing pictures of US President Donald Trump (L) and North Korean leader Kim Jong Un at a railway station in Seoul on March 9, 2018. The trip provides the strongest sign yet of Trump’s …

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California workplace safety agency opens probe into Tesla

Noah Berger | Bloomberg | Getty Images An employee works on a Telsa Motors Model S sedan as it makes its way along an assembly line at company’s assembly plant in Fremont, California. California’s Occupational Safety and Health Administration started an investigation into Tesla on Tuesday, according to a spokesperson …

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Morgan Stanley shares gain after record first-quarter earnings report

Qilai Shen | Bloomberg | Getty Images James Gorman, chief executive officer of Morgan Stanley Net income rose to $2.7 billion for the quarter, up more than 40 percent from a year earlier. “Relative to peers, Morgan Stanley produced standout results,” Nomura Instinet analyst Steven Chubak wrote in a note …

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Island-wide blackout hits Puerto Rico; officials probe cause

Alvin Baez | Reuters People in a coffee shop during a power outage that affected several areas in the country, in San Juan, Puerto Rico, September 21, 2016. An island-wide blackout has hit Puerto Rico, which is struggling with an increasingly unstable power grid nearly seven months after Hurricane Maria …

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Apple remains an ‘uninspired investment,’ prepare for earnings miss: Analyst

“The lower shipments suggest that Apple’s Greater China revenues should be at the very least a significant drag on our overall estimate of 18 percent iPhone revenue growth in the second fiscal quarter,” Kvaal added. His earnings per share estimate for Apple’s second fiscal quarter of $2.69 is below the …

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Cuba proposes Miguel Diaz-Canel to replace Castro as president

STR | AFP | Getty Images Cuban President Raul Castro (L) waves next to First Vice-President Miguel Diaz-Canel (C) during a National Assembly session that will select Cuba’s Council of State ahead of the naming of a new president, in Havana on April 18, 2018. Cuba on Wednesday proposed Miguel …

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The so-called smart money has started to sell at the end of the trading day, a bad sign for this bull

The so-called smart money has recently started to bail on the stock market at the end of the trading day, a leading indicator the bull run may be over. Jack Ablin, chief investment officer at Cresset Wealth, explains: The Smart Money Index (SMI) takes the first half hour of trading, …

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HHS secretary back in hospital for bowel condition

Eric Thayer | Bloomberg | Getty Images Alex Azar, secretary of Health and Human Services A spokeswoman says U.S. health secretary Alex Azar is back in the hospital for additional treatment and observation. He’s been diagnosed with a painful bowel condition called diverticulitis. Health and Human Services Department spokeswoman Caitlin …

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Turkey’s Erdogan declares early elections on June 24

Ali Balikci | Anadolu Agency | Getty Images Turkish President Recep Tayyip Erdogan speaks during a press conference at the Presidential Complex in Ankara, Turkey on April 18, 2018. Erdogan said he made the decision after speaking to the head of the nationalist MHP party, Devlet Bahceli, who a day …

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