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Jonathan Ernst | Reuters Health and Human Services Secretary Alex Azar listens as U.S. President Donald Trump delivers a speech about lowering prescription drug prices from the Rose Garden at the White House in Washington, U.S., May 11, 2018. The Trump administration announced Thursday it plans to target “backdoor rebates” …
Read More »Monthly Archives: January 2019
AWS earnings Q4 2018
David Paul Morris | Bloomberg | Getty Images Andy Jassy, chief executive officer of web services at Amazon.com Inc., speaks during the Amazon Web Services (AWS) Summit in San Francisco, California, U.S., on Wednesday, April 19, 2017. Amazon’s cloud-computing division said revenue jumped 45 percent in the fourth quarter, as …
Read More »Facebook removes nearly 800 ‘inauthentic’ Iranian pages, accounts
Saul Loeb | AFP | Getty Images Facebook founder and CEO Mark Zuckerberg arrives to testify following a break during a Senate Commerce, Science and Transportation Committee and Senate Judiciary Committee joint hearing about Facebook on Capitol Hill in Washington, DC. Facebook on Thursday announced it removed 783 pages, groups …
Read More »The best January in 30 years could mean good things for the stock market in 2019
Stocks are on track for their best January gains in more than 30 years, and that should mean 2019 will be a pretty good year for stocks. That’s what the widely watched January barometer tells you — so goes January, so goes the year. According to Stock Trader’s Almanac, going …
Read More »Amazon earnings q4 2018
Jim Watson | AFP | Getty Images Amazon and Blue Origin founder Jeff Bezos provides the keynote address at the Air Force Association’s Annual Air, Space & Cyber Conference in Oxen Hill, MD, on September 19, 2018. Amazon is reporting its all-important fourth-quarter earnings on Thursday after the bell. The …
Read More »From the year when nothing worked in the financial markets to the month when everything did
New year, new market: Turning the calendar over can make a world of difference. The majority of financial assets ranging from lumber and crude futures to the Japanese yen all rose in January. Lumber and crude are both up more than 20 percent in 2019 while the yen has registered …
Read More »Mueller wants Roger Stone case slow-walked to trial citing vast amount of evidence
Joshua Prezant | AFP | Getty Images Roger Stone, a longtime adviser to President Donald Trump, speaks to the media outside court January 25, 2019 in Fort Lauderdale, Florida. The evidence collected in the criminal case of President Donald Trump’s longtime political advisor Roger Stone is “voluminous and complex,” special …
Read More »Amazon is about to report earnings, and there’s one thing to watch
Amazon will be the latest FANG stock to report earnings with its release after the bell Thursday. And one market watcher expects the e-commerce leader to knock it out of the park. “We own this one and we continue to love the growth story,” said Mark Tepper, president of Strategic …
Read More »Goldman faces accusations it cheated another investment bank client
Patrick T. Fallon | Bloomberg | Getty Images David Solomon, president and chief operating officer of Goldman Sachs & Co., listens during a Bloomberg Television interview at the Milken Institute Global Conference in Beverly Hills, California, April 30, 2018. Goldman Sachs is being accused of bilking a corporate client who …
Read More »Blue Apron switches up meal-kit strategy to chase 2019 profitability
Dan Acker | Bloomberg | Getty Images Recipe cards from a Blue Apron Holdings Inc. meal-kit delivery are arranged for a photograph in Tiskilwa, Illinois, U.S., on Wednesday, June 14, 2017. Meal-kit companies originally built their businesses using subscription models and deep discounts that didn’t result in long-term customer loyalty. …
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