Author: FC

AWS CEO Jassy follows Apple in calling for spy chip story retraction

Andy Jassy, the CEO of Amazon Web Services, followed Apple’s lead in calling the for the retraction of Bloomberg’s story about spy chips being embedded in servers. “They offered no proof, story kept changing, and showed no interest in our answers unless we could validate their theories,” Jassy wrote in a tweet on Monday. “Reporters got played or took liberties. Bloomb...

YouTube invests $20 million in educational videos, giving advertisers more safe places for ads

Google’s YouTube is investing $20 million into getting more educational videos ranging from cooking tutorials to science explainers on its platform. The move will provide more brand-safe content for marketers to advertise on. YouTube videos have faced closer scrutiny since March 2017, when a Times of London report revealed advertisements from top brands were running next to neo-Nazi and jiha...

Higher postal fees will cost Amazon more than $1 billion in 2019, estimates Credit Suisse

The proposed uptick in shipping and mailing fees at the U.S. Postal Service could cost Amazon more than $1 billion in 2019, according to Credit Suisse, which cut its near-term estimates for operating profit on the e-commerce behemoth. “As we roll forward the sensitivity analysis to 2019, we arrive at a potential incremental Shipping Expense range of $400 million to $1.1 billion range with th...

Apple’s App Store ads could be a $2 billion business by 2020, Bernstein analyst predicts

This would mark a significant development toward Apple's goal of growing its services businesses.

Cramer says Powell will hike rates once more in December and then stop: ‘He’s going to blink’

The Federal Reserve is going to have to put the brakes on interest rate hikes much sooner than its members think, CNBC’s Jim Cramer said Monday. Though central bank officials have indicated about five more increases between now and 2020, Cramer said he thinks Fed Chairman Jerome Powell will look at circumstances and decide that the current forecast won’t work. “I just think he...

The Saudi ‘oil weapon’ and the energy market: What investors need to know

With Iran sanctions set to take effect amid a Saudi political crisis the market didn't expect, geopolitics would be expected to benefit oil prices and energy stocks. But oil has been pressured lately, and big energy stocks have trailed the market. 

Three options strategies for the week: Oct 22

The “Options Action” traders share three options trading strategies to kick off the week. Dan Nathan recommends a put spread in the Nasdaq 100 ETF Mike Khouw and Carter Worth like McDonald’s Mike Khouw recommends a put spread in Twitter Trader disclosure: Dan Nathan is long XLF Dec put spread. Long SMH Nov put spread. Long QQQ Nov put spread. Long INTC nov call spread. Long EA No...

Here’s the tax bite on $1.6 billion Mega Millions and $620 million Powerball jackpots

While it’s anyone’s guess who will end up winning the Mega Millions and Powerball jackpots, there’s at least one guaranteed recipient of a chunk of the loot — the IRS. With the Mega Millions jackpot at $1.6 billion and Powerball’s top prize at $620 million, that tax bill will be hefty even if the winner employs strategies to reduce their taxable income. “If you have a...

Investors can enjoy a tax savings on advisor fees by using this strategy

When investors sit down with their financial advisor to prepare their tax returns next year, they’ll be confronted with new rules that for many mean an increase in the cost of having an advisor. The new tax law passed by Congress last year ends deductions on some types of advisory fees, including those based on the value of assets under management (AUM), a common way advisors charge clients....

Carl Icahn scores $757 million profit after American Railcar announces merger

Activist investor Carl Icahn scored a big payday on Monday after shares of tanker car maker American Railcar Industries surged on news that the company will merge with a subsidiary of ITE Rail Fund. Icahn owned 62.2 percent of American Railcar’s shares outstanding as of June 30, according to FactSet, having first taken a majority stake in 2010. The stake was worth nearly $550 million through...

Among bonds, munis actually look good despite annual autumn slump

It’s that time of year again for the municipal bond market. The fall months are typically weak for muni bonds and although this year has generally bucked seasonal trends, it looks that way again this year. “There’s been a lot of unevenness in a usually more predictable market,” said Peter Hayes, head of the Municipal Bonds Group at BlackRock. “However, October tends t...

Opening Bell: 10.22.18

Turkey’s President Vows to Detail Khashoggi Death ‘in Full Nakedness’ [NYT]Turkish officials have been leaking lurid details for weeks about the assassination and reported dismemberment of the Saudi dissident Jamal Khashoggi in the kingdom’s consulate in Istanbul. But President Recep Tayyip Erdogan, keen to maintain good relations with Saudi Arabia, has until now mostly held his tongue.On Sunday, ...