(AMZN.NASDAQ): Corporate welfare over welfare capitalism

Jeff Bezos started Amazon in his garage with a couple hundred grand from his parents. This ex-hedge fund manager turned internet titan and evil king-making gnome has often been lauded for his customer-focused business strategies, aggressive business development and industry prowess, but how challenging is the journey when you’re a 1500lb gorilla on someone else’s dime?

Big wobble adds to FAANG woes for Amazon (NASDAQ: AMZN)

FAANG stocks (Facebook, Amazon, Apple, Netflix and Google) have had a rough ride lately. In June all five closed down at least three percent on big volumes. Then came Amazon’s news on earnings last Thursday. Thomson Reuters had predicted AMZN’s earnings at $1.42/share, but came in at an astounding $0.40/share. It’s the biggest miss by the retail and media giant since 2011.

Silicon Valley virtual assistants are always on and always listening

One of my friends was absolutely stoked when she got her Alexa for Christmas last year. She took pride of place on the shelf beside her wall-mounted TV, where she could maximize her listening capability. Over the next few months, Alexa began to sink into the background of her home, almost as another family member. Whenever she needed help remembering the final ingredient of a recipe, or who was in the Six Million Dollar Man, Alexa came to the rescue.

Wednesday Recap: Fed Gets the Devil’s Advocate

Stocks Fall, Stocks Rise

US and China are moving closer to agreeing on the amount of tariffs that will be rolled back the phase-one deal, despite tensions over Hong Kong and Xinjiang. You can almost know for certain that you will never know for certain when it comes to Trump.

Monday Recap: The Tariff Man Returns

Return of the Tariff Man

Thanksgiving is over, and tariff man strikes again! This time: the victim is France. The US proposed tariffs on some $2.4 billion in French products, a response to a tax on digital revenues in France that hits large American tech companies including Google, Apple, Amazon, and Facebook.