Well, that didn't last long. In much the way Amazon.com Inc. (AMZN) bit Toys 'R' Us Inc., it appears that Alphabet Inc.'s (GOOGL) YouTube and Facebook Inc. (FB) have eaten Watchable, Comcast Corp.'s (CMCSA) Millennial-focused short-video platform, as well as a similar venture from Verizon Communications Inc. (VZ) , go90. Comcast has decided to pull back on Watchable, electing not to license any exclusive content in 2018. Distribution henceforth will be limited to its X1 cable box rather than a free, internet-based platform aimed at the general population. In two-plus years, neither Watchable nor go90 has made much of a splash despite the deep pockets and noble intentions of their corporate masters.
Population: Exceeds expectations. Amazon wants a metropolitan area with more than 1… more With a $1 billion sticker price and more than 4,000 highly paid employees, the Toyota North America headquarters consolidation in Plano ranks as the biggest project of its type ever to choose North Texas. Comparing the automaker's project side by side with Amazon’s highly hyped second headquarters, however, is like parking a tiny Toyota Prius next to a Toyota Sequoia full-size SUV. Amazon’s (Nasdaq: AMZN) projected employment of 50,000 full-time jobs at its new “HQ2“ is more than 10 times the number of jobs created by Toyota (NYSE: TM). The e-commerce giant's projected $5 billion capital expenditure cost
Financial markets are largely subdued as investors remain cautious ahead of the Federal Reserve's announcement of its monetary policy meeting. At the end of its two-day meeting on Wednesday, the Federal Reserve is widely expected to announce it will begin to reduce its enormous bond portfolio, which reached $4.5 trillion. While the decision to shrink the Fed's balance sheet is much expected, when and how the Fed will manipulate its target for short-term interest rates is less clear.