An Amazon spokesperson said the company is “always working to develop new, innovative ways to support the small and medium businesses who sell on Amazon, including testing shipping programs that help these businesses get packages to their customers quickly and reliably.”
Stock Market News Today
The stock lost about 30 percent in the six months that followed its Hong Kong debut, the city’s worst-performing initial public offering with a value of at least $3 billion.
Acquiring the closely held site would give Airbnb a way to show investors more growth potential and demonstrate it can branch out beyond its core short-term, home-rental business ahead of a share listing the company has said could come this year or next.
Wall Street traders for years complained that they couldn’t make money in calm markets. They haven’t fared any better in wild ones
“When things move a little bit up or down every day, that’s good,” Morgan Stanley Chief Financial Officer Jon Pruzan said in an interview. “When they go up 600 points one day and down 600 points the next, that’s bad.”
U.S. import prices fell for a second straight month in December, leading to the largest year-on-year drop in more than two years
Import prices declined 1.0 percent last month after dropping 1.9 percent drop in November. Economists polled by Reuters had forecast import prices decreasing 1.3 percent in December.
China’s exports unexpectedly fell the most in two years in December, raising risks to global economy
Softening demand in China is being felt around the world, with slowing sales of goods from iPhones to automobiles, prompting warnings from the likes of Apple (NASDAQ:AAPL) and from Jaguar Land Rover, which last week announced sweeping job cuts.
Amazon and Microsoft are currently the two largest providers of public cloud services. That business is generating nearly $50 billion a year in revenue now between the two and is expected to double by the end of 2020
The cloud business bolsters the margins of both companies; 60% of Amazon’s trailing 12-month operating earnings came from its AWS cloud segment, which accounted for only 11% of the company’s revenue in that time.
Activision’s Date With Destiny. Activision once considered “Destiny” its next “Activision’s goals,” but Sci-fi shooter never lived up to Activision’s goals
Analysts believe “Destiny” generated about $370 million in total revenues in 2018, according to consensus estimates from Visible Alpha. That would rank the game fifth on Activision’s slate—well below its other big properties such as “Call of Duty,” “World of Warcraft” and “Overwatch.”
Mexico has significantly reduced imports of U.S. gasoline. Cutback comes as a government crackdown on fuel theft leads to shortages across the country
The decline is the result of fewer orders of American gasoline and congestion at Mexico’s Gulf Coast fuel terminals where at least 15 tanker vessels were idling in the Gulf of Mexico waiting to unload several million barrels of gasoline as of Friday, according to industry analysts and government officials.
The biotech sector is off to the best start of the year since 2012 on heels of J.P. Morgan conference
The iShares Nasdaq Biotech Index gained 13 percent in the first eight trading days of the year, finishing lower just one day since the market selloff on Christmas eve. It marks a major reversal following 20-percent plunge in the index in the fourth quarter.
U.S. Recession Risk Hits Six-Year High. Analysts surveyed by Bloomberg over the past week see a median 25 percent chance of a slump in the next 12 months
Analysts generally expect the partial government shutdown — which President Donald Trump said could last for months if not years, and is now in its third week. The shutdown has also delayed government data releases, such as retail sales and inventories, that investors and analysts use to assess the state of the economy.
Oil headed for its biggest weekly gain in over two years. Still, prices are about 30 percent lower than their highs in October
Crude’s direction in coming weeks may be determined by whether the Organization of Petroleum Exporting Countries and allies including Russia implement output cuts they have promised for the first six months of 2019. Also crucial will be the outcome of trade negotiations between the U.S. and China — the world’s two biggest economies. A deal between the nations could boost flagging global growth that underpins oil demand.
Billions of Xiaomi shares have been unlocked for sale after the six-month lockup period that followed the company’s debut expired. That’s enabled many shareholders, who could only watch as the stock shed $14 billion in market value, to finally join the selling.
Oil prices climbed around 3 percent on Wednesday as the extension of U.S.-China talks in Beijing raised hopes that the world’s two largest economies would resolve their trade standoff
Both crude price benchmarks added to Tuesday’s 2 percent gains and have now been on the rise for eight straight days – their longest rally since June 2017
J.C. Penney announced Tuesday that holiday sales fell and it plans to close three stores by the spring as part of an ongoing evaluation of its performance
The retailer didn’t specify which stores it planned to close but said it would provide more information when it reports fourth-quarter results on Feb. 28. J.C. Penney shares closed Tuesday at $1.21. The stock, which has lost more than 67 percent over the past year, was recently trading below the $1 mark.
Mortgage rates have fallen to around their lowest levels in eight months, offering a potential boost to the housing market after a rough patch in recent months
Stock-market swings, high home prices and a traditionally slow time of year for home buying have largely kept a lid on housing-market activity in recent months. Yet as rates have steadily fallen, some agents said they have seen buyers start to creep back into the market.