Amazon’s stock falls, but it’s still Number 1

Shares of Amazon.com Inc. slumped 3.9% in morning trade Friday, as a downbeat outlook offset fourth-quarter earnings and revenue beats, but the e-commerce giant managed to hold onto its title as the largest U.S. company by market capitalization. With 491,202,890 shares outstanding as of Jan 23, according to Amazon’s annual report, the market cap is $811.2 billion. Just behind it is Microsoft Corp. , with a market cap of $796.0 billion, followed by Apple Inc. at $794.2 billion and Google parent Alphabet Inc. at $784.4 billion, according to FactSet. Shares of Amazon have slipped 0.8% over the past three months, while Microsoft has shed 2.1%, Apple has tumbled 24%, Alphabet has gained 3.9% and the Dow Jones Industrial Average has slipped 0.9%.


source: MarketWatch.com – MarketPulse

Apple briefly blocks Google from internal iOS apps over misuse: reports

Apple Inc. briefly blocked Alphabet’s Google from distributing internal iOS apps following reports that a Google app improperly harvested user data, according to multiple reports Thursday.

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Temporary government shutdown solution lifts US markets

Wall Street closed higher on Friday, after President Trump announced a deal to temporarily end the government shutdown, and keep it open until mid-February. The DJ30SPX500 and NSDQ100 all finished in the green, notching a five-week win streak. The tech sector showed strong gains, as both Apple and Netflix closed more than 3% higher, and Facebook was up more than 2%. PayPal also climbed more than 2%, to reach a new all-time high.

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Meal-delivery startup Munchery shuts down

On-demand meal-delivery startup Munchery has gone out of business, the company said in an email to customers Monday. “Today, with a heavy heart, we’re reaching out to announce that Munchery is closing its doors and ending operations effective immediately. Any outstanding orders with Munchery will be canceled and refunded,” the email said.

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Trump says stock-rallying reports of lifting Chinese trade ‘sanctions’ were premature

President Trump in comments Saturday said stock-rallying reports this week that trade talks with China would include the lifting of tariffs against the world’s second-largest economy weren’t true.

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BlackRock accidentally exposes confidential data on advisers using popular iShares ETFs: Bloomberg

BlackRock Inc. , the world’s largest asset manager, inadvertently posted confidential information about thousands of financial adviser clients on its site, Bloomberg News reported late Friday, citing a glimpse of the released data before it was removed by the investment firm. The data were linked on one of the company’s web pages dedicated to its iShares exchange-traded funds. The documents included names and email addresses of financial advisers who buy BlackRock’s ETFs on behalf of customers and appeared to show the assets under management each adviser had in the firm’s iShares ETFs, Bloomberg reported. The links were dated Dec. 5, 2018, but it’s unclear how long they were public. BlackRock oversees assets of almost $6 trillion and is the world’s largest issuer of ETFs.

source: marketwatch.com

Trump to make ‘major announcement’ concerning border, shutdown Saturday

President Donald Trump plans to make a “major announcement” concerning the border with Mexico and the government shutdown on Saturday, according to his Twitter feed late Friday. In a tweet, Trump said he would make the announcement at 3 p.m. Eastern time on Saturday, which will mark the 29th day of the partial government shutdown, the longest on record. Trump is locked in a stalemate with House Speaker Nancy Pelosi over funding for his proposed wall on the U.S.-Mexico border

source: MarketWatch.com – MarketPulse

FedEx starts offering buyouts, says costs between $450 million to $575 million

FedEx Corp. began offering buyouts to U.S. employees on Friday, saying in a filing it expects the program to cost between $450 million and $575 million before taxes.

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Dow logs 300-point gain as stocks string together four-day winning streak

U.S. stocks ended the week strong on Friday, booking a four-day streak of gains, after reports that Washington and Beijing were debating concessions to help secure an eventual resolution to the ongoing U.S.-China trade dispute.

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2nd summit between Trump, North Korea’s Kim Jong Un to happen in February

President Donald Trump and North Korean leader Kim Jong Un are expected to hold a second summit “near the end of February,” the White House said in a statement Friday.

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U.S. oil prices finish higher, lift weekly gain to more than 4%

Oil futures climbed on Friday, with U.S. prices tallying a weekly gain of more than 4% as optimism surrounding progress toward a resolution of the U.S.-China trade dispute eased worries about energy demand. Data from Baker Hughes Friday also revealed a drop in the U.S. oil-rig count for this week, the largest such decline in nearly three years.

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