Eight major U.S. tech companies have business links to the Chinese military and security apparatus, according to a new report by the Washington-based advocacy group Victims of Communism Memorial Foundation (VoC), and Horizon Advisory consultant group. “In their endeavor to capture Chinese markets and boost their bottom lines, American corporations have increasingly supported Beijing’s military modernization,…
Microsoft, Intel, GE Provide ‘Direct Support’ to Chinese Military, State Security Bodies: Report
February 5, 2022
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Amazon Prime Customers Members to Pay Significantly More for Membership
Amazon Prime customers in the United States will start paying significantly more for their membership from next month, the first time they have done so since 2018. In a press release on Thursday the company said it has invested heavily in Prime in recent years, providing customers with more products, exclusive deals and discounts, and fast and…
New and Old Amazon Prime Customers Members to Pay Significantly More for Membership
Amazon Prime customers in the United States will start paying significantly more for their membership from next month, the first time they have done so since 2018. In a press release on Thursday the company said it has invested heavily in Prime in recent years, providing customers with more products, exclusive deals and discounts, and fast and…
Amazon to Create 1,500 Apprenticeships in UK in 2022
LONDON—Amazon will create 1,500 new apprenticeships in the United Kingdom in 2022, it said on Wednesday. The internet giant said it was offering 40 entry to degree-level apprenticeship schemes, including new schemes in the areas of publishing, retailing, marketing, and a programme focused on environmental, social and corporate governance (ESG). Amazon said it grew its…
BMO Capital Cuts Amazon Price Target by 12 Percent
BMO Capital analyst Daniel Salmon lowered the price target on Amazon.com Inc. to $3,600 from $4,100 but reiterated an Outperform rating on the shares. The price target implies an upside of 29 percent. The analyst is also reducing his FY22 EPS view to $42.99 from $65.04. The revision reflects his expectations of lower online stores and third-party seller revenues in…
Google Tries to ‘Out-Buff’ Bezos
Commentary Is it me or is Jeff Bezos looking pretty buff these days? As a former recreational bodybuilder myself, I know the kind of work that goes into building a great physique. I can respect the work he’s done. But beyond Bezos flexing at the gym, Amazon has been flexing its considerable muscle in the…
Amazon Closes SBA Program and Agrees to $2.25 Million Settlement Following AG Investigation
January 28, 2022
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Amazon agrees to pay a $2.25 million settlement and shut down its “Sold By Amazon” (SBA) sales program nationwide based on an investigation by the attorney general of Washington that found the company allegedly violated antitrust laws and engaged in price fixing. Attorney General (AG) Bob Ferguson announced on Wednesday that his office has filed…
Neuberger Analyst Expects Strong Q4 Results for Apple, Amazon, Google: Why He Would Buy the Stocks ‘Right Now’
High-growth tech stocks have come under pressure in recent months as investors anticipate the Federal Reserve hiking interest rates, reducing bond buying and trimming the nearly $9 trillion in assets it’s holding. Neuberger Berman’s Daniel Flax says a lot of the names in the tech space have become oversold and he sees opportunities to buy. “We see a lot to like at current…
Amazon Could Face Claims by US Agency Over Union Supporter’s Firing
Amazon.com Inc. may soon face claims from a U.S. labor board that it unlawfully fired a vocal union supporter at a New York warehouse in the midst of an organizing campaign. A National Labor Relations Board (NLRB) official in Brooklyn recently found that claims involving the worker, Daequan Smith, had merit and plans to issue…
Why Are America’s Wealthiest People Enabling Communist China?
Commentary If you happen to be a businessperson, and you happen to be an American citizen, and you find yourself close to investing in China, you might want to think again. That’s the opinion of Jeffrey Gundlach, an investor and businessman who founded DoubleLine Capital LP, a highly reputable investment firm. In an interview with Yahoo Finance, the…
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