Amazon.com Inc said it was removing certain images after messages using extremely strong racist abuse appeared on some listings on its UK website when users searched for Apple’s AirPods and other similar products.
(Bloomberg) — Amazon.com Inc. is scaling back deliveries and adjusting routes in a small number of cities including Chicago, Los Angeles and Portland after the death of George Floyd in Minneapolis sparked demonstrations around the country, prompting curfew orders.“We are monitoring the situation closely and in a handful of cities we adjusted routes or scaled back typical operations to ensure the safety of our teams,” an Amazon spokeswoman told Bloomberg News.Amazon’s action shows how protests around the country are complicating operations for the e-commerce giant, which was still catching up from a surge in demand tied to the Covid-19 outbreak.In …read more […]
Watch trader reaction to $1744.10 to $1754.30 early next week. This should tell us if buyers have returned or if sellers are taking control. …read more […]
The direction of the next major move in crude oil will be determined by trader reaction to the retracement zone at $36.07 to $40.50. …read more […]
(Bloomberg) — Venezuela’s President Nicolas Maduro said fuel prices would increase starting in June, a historic policy shift after decades of subsidies that have allowed Venezuelans to essentially fill their tanks for free.Gasoline will be sold at 5,000 bolivars (2.5 U.S. cents) per liter at gas stations nationwide starting Monday, including 200 stations that will sell premium fuel at the equivalent of 50 U.S. cents a liter, Maduro said. Gasoline will be limited to 120 liters (30 gallons) per month for each vehicle.“This is a war, my dear fellow countrymen who listen to me, a brutal war,” Maduro said from …read more […]
(Bloomberg) — China’s factories are starting to hum again, but executives are now worried that the rebound could falter on weak demand at home and abroad.Justin Yu, a sales manager at Zhejiang-based Pinghu Mijia Child Product Co. that makes toy scooters sold for American retailers, is among those seeing their order book improve from the depths of the coronavirus lockdown, but remain well below normal.“We are seeing more orders coming in this month as we get closer to our normal peak season,” Yu said. “But our orders are still 40-50% lower than last year.” The factory’s production capacity is running …read more […]
This week brought a mixed bag of news for the cannabis industry.Aphria Inc (NYSE: APHA) announced it will transfer its stock from the New York Stock Exchange to the Nasdaq exchange after the market close June 5, and a long list of earnings reports, some better than others.Cresco Labs Inc. (CSE: CL) (OTC: CRLBF) had a great week with numerous store-opening announcements. The company also reported first-quarter revenue of $66.4 million, up 60% from the previous quarter. “In Q1 we built, staffed, integrated, and refined our operations in the largest and most important cannabis markets in the U.S.,” said the …read more […]
24 Hour Fitness Worldwide is reportedly preparing to file for bankruptcy, as retailers and other companies navigate the coronavirus pandemic. …read more […]
* Benzinga has examined the prospects for many investor favorite stocks over the past week. * This week’s bullish calls included e-commerce and pharmaceutical giants. * The house that Warren Buffett built is featured among the bearish calls.The Dow Jones industrials and the S&P 500 ended last week with 3% or so gains, while the Nasdaq was up nearly 2%. It was a week when China moved to end Hong Kong’s autonomy and the U.S. president punished social media players for fact-checking him. Also, Disney and the New York Stock Exchange prepared for reopenings, 737 Max production …read more […]
Credit Suisse will not take a significant hit from its exposure to the battered oil and gas sector, Chairman Urs Rohner told Swiss state broadcaster SRF on Saturday.
The U.S. auto industry’s coronavirus comeback plan was pretty simple: restart factories gradually and push out trucks and other vehicles for waiting buyers in states left largely untouched by the virus outbreak. For some automakers, full production has been delayed, or it’s been herky-herky, with production lines stopping and starting due to infected workers or parts shortages from Mexico and elsewhere. Most automakers closed factories in mid-to-late March when workers began to get sick as the novel coronavirus spread. …read more […]
This afternoon, astronauts Douglas Hurley and Robert Behnken will get another chance to realize a four-year dream: piloting the first privately owned and crewed spaceship.
The Falcon 9, developed by Elon Musk’s SpaceX, is a testament to private companies’ commitment to snapping up the next great leap for mankind. (The Falcon 9 is scheduled for blastoff at 3:22 p.m. today, weather permitting.)
Musk is no stranger to fast-tracking tomorrow’s technology…
The entrepreneur has experimented with everything from renewable energy to networks that connect humans’ minds with machines.
However, innovation often comes at a price.
His company Tesla (Nasdaq: TSLA) is volatile, dropping $20 this week …read more […]
In this article we will take a look at whether hedge funds think Shopify Inc (NYSE:SHOP) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips from […] …read more […]
In this article we will take a look at whether hedge funds think Newmont Corporation (NYSE:NEM) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips from […] …read more […]
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