Recent Posts

Amazon is on pace for its biggest two-day drop since 2011

Amazon shares plunged 8 percent on Monday and were headed for their steepest two-day tumble in seven years, as investors continued to flee the stock following Thursday’s disappointing earnings report. The stock dropped $132.72 to $1,510.00, after losing $139.36, or 7.8 percent, on Friday, and is trading at its lowest …

Read More »

Britain to target online giants with new ‘Digital Services Tax’

David Paul Morris | Bloomberg | Getty Images Sundar Pichai, chief executive officer of Google Inc., speaks during the Google I/O Developers Conference in Mountain View, California, U.S., on Tuesday, May 8, 2018.  Britain said it would tax the revenue that online platforms such as Google, Facebook and Amazon make …

Read More »

The Federal Reserve could be dragging us into a recession

Andrew Harrer | Bloomberg | Getty Images Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., Sept. 26, 2018.  The effective Federal Funds rate (the rate set by the Federal Reserve which is what banks …

Read More »