Amazon.com Inc (NASDAQ: AMZN) is in focus this morning after announcing another massive round of layoffs to streamline costs. What jobs will be affected? On Monday, the tech behemoth confirmed plans of cutting another 9,000 jobs to better position for the economic uncertainty it sees in the near future. The said lay off will primarily […]
UBS Group AG (NYSE: UBS) agreed to acquire rival Credit Suisse Group AG (NYSE: CS) in what would have “seemed like a terrific deal” – had the agreement taken place a week ago, Morningstar analyst Johann Scholtz said in a note sent to Invezz. While the “position is less clear” today amid notable net outflow […]
My confidence in free markets is so high, and my faith (for faith is required) in government is so low, that my presumption is that nearly all government interventions into the economy are, on net, unjustified and harmful. This presumption fuels my instinct that these interventions should be eliminated pronto. But I’m also sufficiently influenced […]
In the 1983 film Return of the Jedi, Admiral Ackbar turns to the officers on the bridge and says what everyone already knew: “It’s a trap!” It had seemed a little too easy to be able to destroy the main threat, permanently and with no risk. Of course that turned out badly for the Alliance; […]
The Nasdaq 100 index futures wavered on Monday as investors reflected on the implosion of Credit Suisse, the second-biggest Swiss banking group. The closely-watched index was trading at $12,540, which was a few points below this week’s high of $12,867. Mike Wilson gives hope The Nasdaq 100 and other American indices have been under intense […]
