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Amazon had a big week with government issues, a host of new deals and announcements at its annual conference and developments in India.
Costco's (COST) comparable sales are hurt by one-half percent, owing to Thanksgiving happening a week later this year compared with the prior year.
The US and China have reached a deal to partially ratchet down their trade war, ushering in a fragile detente in their economic relations after 20 months of on-and-off negotiations and tariff escalations that unsettled markets and damped global growth. The agreement, which was confirmed by officials in both Washington and Beijing on Friday, commits China to buying at least $40bn of US agricultural goods annually, tightens protection for US intellectual property and bans the forced transfer of technology from US companies. In exchange for those concessions, the US agreed not to proceed with a new escalation in levies on $156bn of Chinese consumer goods planned for Sunday, and it will cut tariffs on $120bn of Chinese imports that were introduced in September to 7.5 per cent from 15 per cent. Washington is still maintaining 25 per cent tariffs on about half of all Chinese imports, worth about $250bn, which were introduced since the trade war began between the world’s two largest economies in March 2018.
Shares of Amazon (AMZN) have slipped 6% in the past six months, while the S&P 500 climbed 9%. So when will Wall Street and investors start to think about buying Amazon stock again?
Saudi Aramco’s shares rose 10 per cent during its second day of trading on Thursday, pushing the state oil group’s valuation above $2tn. Shares climbed by the maximum daily limit to SR38.7 before profit-taking pushed the price down, according to the website of Riyadh’s Tadawul stock exchange. for the company has long been sought by Saudi Arabia’s ambitious Crown Prince Mohammed bin Salman, and Riyadh has worked to backstop the flotation to ensure its success.
The co-founder of Bonobos is leaving Walmart little more than two years after he agreed to sell the online men’s clothing store to the US retailer and took charge of its burgeoning collection of digitally focused brands. Andy Dunn’s departure comes as Walmart shakes up its lossmaking ecommerce operations as the world’s largest bricks-and-mortar retailer grapples for supremacy with Amazon. The 40-year-old started Bonobos in 2007 and became a senior member of Walmart’s ecommerce team ten years later after the retailer struck a deal to buy it for $310m in cash.
Fed Chairman Jerome Powell said Wednesday that the Fed could "adjust the details" of its balance sheet policies and repo operations to prevent another flare-up in money markets.
Should investors think about buying beaten down FedEx stock before it releases its second quarter fiscal 2020 earnings results on Tuesday, December 17?
Investing.com – Chipmaker Micron (NASDAQ:MU) rose on Wednesday, shrugging off concerns from Wells Fargo (NYSE:WFC) analysts that memory pricing headwinds would hurt growth.
UBS Group's (UBS) plea to dismiss a U.S. government lawsuit accusing the bank for making investors' suffer "catastrophic" losses in residential mortgage-backed securities (RMBS) has been annulled.
Bank of America chief executive Brian Moynihan has joined a chorus of US bankers predicting a strong end to the year for trading and investment banking. Mr Moynihan told investors on Wednesday that the two divisions would record higher fourth-quarter revenues than a year earlier, a day after upbeat remarks from senior executives at Citigroup, JPMorgan Chase and Goldman Sachs. fourth quarter in some of Wall Street’s biggest businesses in 2018, including double-digit percentage declines in fixed-income revenues at each of the big five banks in a period when investment banking revenues also fell for all major players except JPMorgan.
When it comes to investing in bank stocks, a flattening yield curve, Fed rate cuts and illiquid capital markets are typically considered red flags that send investors running for the hills.