Amazon's profit miss took a toll on technology shares.Read More »
After failing to repeal or replace Obamacare, Senate Republicans are slimming down their ambitions to target the one piece of the health law they loathe most, in what’s being called a “skinny repeal.” For insurance companies, that may be the most problematic health-overhaul option yet. The Affordable Care Act’s individual mandate requires everyone to have health coverage and penalizes those who choose to go without it. Making the purchase of coverage compulsory is meant to distribute risk evenly among healthy and sick people and keep overall costs down. But Obamacare’s requirement has been a far from perfect solution to prod people to buy insurance. The penalties are far less than the cost of
Amazon.com (AMZN) will hire thousands of new full-time employees on-the-spot to fill 50,000 available fulfillment network positions during its first "Amazon Jobs Day" on August 2, the company said in a statement. The retail giant will open 10 fulfillment centers for tours and information sessions and wants to hire qualified candidates who apply on-site that day. The plan is for new hires to walk in for an interview and walk out with a job offer. Watch: Why Your Dream Job Might Not Be Advertised Online The full-time jobs offer benefits starting the day employees are hired, company stock options and the chance to go back to school through the company's Career Choice program. Amazon will also hire
Yesterday, Boeing (BA) posted its biggest gain since October 2008, pushing it to a new all-time high. Boeing's shares were upgraded by RBC, Credit Suisse, BofA Merrill Lynch, and Goldman Sachs. This was based on our analysis of Boeing historical results that showed it generates its best margins when revenue is weighted towards planes that have been in production for many years, and margins have typically come under pressure when it introduces new models, as we expected with the 737 MAX and, eventually, 777X. While nearly all of the ramp on the MAX is yet to come, Boeing’s smooth transition to the MAX so far shows that this is nothing like the prior derivative programs (737 Classic to 737NG and 747-400 to 747-8) that drove significant operating issues for Boeing in the past.