MSNBC named Rashida Jones as the network’s president, a source said, adding that a major upheaval was caused by a news channel that has raised its profile with political coverage, but has struggled to keep up with rivals this year. Ms. Jones, who is currently serving as senior vice president …
Read More »Amazon’s fears gripped as internet retail giant shakes up pharmacy business
Amazon.com has been one of the most innovative and disorganized companies of this century, with incredible success in areas beyond historically considered its core business (book sales). Thus every ad or speculation Amazon AMZN, -0.96% Whoever enters a particular industry sends the shares of that industry into the tailspin. Investors …
Read More »Tech giants risk a 2001-style valuation collapse, says colored sockgen strategist
Albert Edwards, a London-based provocative strategist for the French bank society Génrale, has been predicting for decades that the US and Western Europe will follow Japan into an era of deflation and ultrallo bond yields, which he calls the “Ice Age”. Even though some of his warnings about the stock …
Read More »The problem is closing the Qibi weight as mount
Qibi Holdings LLC is considering closing itself, according to people familiar with the matter, a move that points to a potential crash landing for a one-time high-end entertainment startup that raised capital 1.75 billion in capital. The streaming service has been plagued by problems since it began in April, facing …
Read More »Traders are watching earnings and epidemic concerns as European stocks and US equity futures rise.
On March 12, 2020, in Liverpool, in the north-west of England, members of the public were advised to “maintain social distance”. Paul Ellis / France Press Agency / Getty Images European equities tumbled to an inch from early losses on Wednesday, while US stock futures also rose as investors worried …
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