Andy Jassy has just had a difficult first year after replacing Bezos as Amazon’s CEO

Andy Jassy, ​​Chief Executive Officer of Amazon.Com Inc., during the GeekWire Summit in Seattle, Washington, U.S. on Tuesday, October 5, 2021. David Ryder | Bloomberg | Getty Images Andy Jassy celebrates his one-year anniversary as Amazon CEO on Tuesday. Celebrate is probably not the key word. Jassy, ​​a 25-year Amazon veteran, succeeded Jeff Bezos on … Read more

Andy Jassy has just had a difficult first year after replacing Bezos as Amazon’s CEO

Andy Jassy, ​​Chief Executive Officer of Amazon.Com Inc., during the GeekWire Summit in Seattle, Washington, U.S. on Tuesday, October 5, 2021. David Ryder | Bloomberg | Getty Images Andy Jassy celebrates his one-year anniversary as Amazon CEO on Tuesday. Celebrate is probably not the key word. Jassy, ​​a 25-year Amazon veteran, succeeded Jeff Bezos on … Read more

Windfall tax on oil to recoup most of Rs 1 lakh cr revenue lost to excise cuts

The windfall tax on oil produced in India and fuel exported overseas will offset more than three-quarters of the revenue the government lost when it cut excise taxes on gasoline and diesel to curb rising inflation, sources said Industry. India on July 1 joined a select league of nations around the world taxing windfall profits … Read more

Bitcoin Family says they lost $1 million on their investment this year but sold a lot at the top

“Bitcoin Family” opens a Bitcoin beach bar in Lagos, Portugal Didi Taihuttu The “Bitcoin family” has lost more than $1 million in its Bitcoin investments since the world’s most popular digital coin peaked at around $69,000 in November 2021 – but patriarch Didi Taihuttu is as optimistic as ever ever. “I buy bitcoin every day,” … Read more

Stocks had nasty 6 months. The second half could also be ugly.

text size Fixed income markets are pricing in significant additional rate hikes this year, but earnings forecasts by some equity analysts remain optimistic. Michael Nagle/Bloomberg It was a first half destined to haunt investors. The past six months have historically been bad for stocks, bonds, cryptocurrencies, and virtually every other asset class outside of commodities. … Read more

Recession fears flare and June jobs reports emerge as jittery markets head into third quarter

Investors are welcoming the third quarter with greater fears of a recession, making next Friday’s June jobs report a potentially bigger catalyst for markets than it otherwise would have been. The jobs report and release of minutes from the Federal Reserve’s latest interest rate meeting on Wednesday are expected to highlight the four-day week following … Read more

The S&P 500 just had its worst first half in more than 50 years, which has “stressed” this classic investment strategy

Stock traders on the floor of the New York Stock Exchange. Spencer Platt | News from Getty Images | Getty Images The S&P 500 index, a barometer of US stocks, just had its worst first half in over 50 years. The index has fallen 20.6% in the last six months from its peak in early … Read more

Wealthy Customers Will Help Apple Withstand the Effects of Inflation

An employee arranges Apple iPhones as a customer store at an Apple store. Mike Segar | Reuters The last time Apple faced an inflationary environment like this, it had been a public company for less than a year and its best-selling product was the Apple II home computer. In May, annual inflation in the US … Read more

Wealthy Customers Will Help Apple Withstand the Effects of Inflation

An employee arranges Apple iPhones as a customer store at an Apple store. Mike Segar | Reuters The last time Apple faced an inflationary environment like this, it had been a public company for less than a year and its best-selling product was the Apple II home computer. In May, annual inflation in the US … Read more

Constellation shares fall after earnings surge, giving investors a chance to buy

Constellation Brands (STZ) reported solid first-quarter results before the opening bell on Thursday. The wine, beer, and spirits company reported net sales of $2.36 billion, up 17% year over year and beating Wall Street’s expectations of $2.16 billion. Bottom line, the company said it posted adjusted earnings of $2.66 per share, up 14% year over … Read more