|Bid||1,890.26 x 1000|
|Ask||1,891.02 x 900|
|Day's Range||1,883.34 - 1,902.50|
|52 Week Range||1,566.76 - 2,035.80|
|Beta (5Y Monthly)||1.51|
|PE Ratio (TTM)||83.85|
|Earnings Date||Jan 29, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2,177.93|
Despite ongoing speculation and investor pressure, Netflix is still declining to adopt an advertising-based business model as a means to boost its revenue, Netflix CEO Reed Hastings confirmed on Tuesday. The company on its Q4 earnings call again shot down the idea of an ad-supported option, with Hastings explaining there's no "easy money" in an online advertising business that has to compete with the likes of Google, Amazon and Facebook.
(IBM)(ticker: IBM) shareholders are hoping the return to sales growth in its December quarter signals the start of a new revival for the company. The growth was bolstered by Red Hat, the software company IBM acquired in July 2019. Yesterday, IBM Chief Financial Officer James Kavanaugh said in a phone interview that the company is “very pleased” with Red Hat’s performance during the quarter, citing the synergy between the software acquisition and IBM’s cloud offerings.
The e-commerce revolution has boosted package shipments, but UPS earnings growth has been sluggish amid heavy investments. With Amazon a rising threat, is UPS stock a buy right now?
(Bloomberg) -- Four of the five biggest U.S. technology giants boosted their lobbying spending last year as they battled charges of unfair competition, sought to shape privacy legislation and pursued large government contracts in an increasingly hostile Washington.Facebook Inc. led spending increases by Amazon.com Inc., Apple Inc., and Microsoft Corp. Search giant parent Alphabet Inc. was the lone member of the quintet with a decline.Alphabet’s Google reported a 44% decline in 2019 spending, to $11.8 million from $21.2 million. The company spent much of last year reshuffling its Washington office, including ending its relationships with more than a dozen lobbyists at six outside firms. It also replaced Susan Molinari, a former Republican House member, with Mark Isakowitz, a onetime GOP Senate aide, to head up its Washington policy shop.The tech industry has become one of the biggest spenders in Washington and is rivaling traditional lobbying powerhouses, including the pharmaceutical industry and big business lobbies.Together, the five biggest tech companies by market value shelled out $62.2 million in 2019, 3% less than what they spent the year before. That topped the biggest spender among the business groups, the U.S. Chamber of Commerce, which spent $58.2 million to lobby in 2019.It was also more than double the $28.9 million spent by the pharmaceutical industry’s lead trade group, Pharmaceutical Research and Manufacturers of America, which typically conducts the lion’s share of the industry’s lobbying.On a company level, the five largest U.S. drug makers -- Johnson & Johnson, Merck & Co., Pfizer Inc., Bristol-Myers Squibb Co. and Eli Lilly & Co. -- spent $34.7 million in lobbying last year, 44% less than the five biggest tech companies.While the amounts spent on lobbying by the tech giants pale in comparison with the billions in revenue each company receives and, in some cases now, their trillion-dollar market values -- money can buy influence in the nation’s capital.The disclosures, which are filed quarterly with Congress, include amounts spent to weigh in on legislation or other pressing matters before Congress, the White House and Executive Branch agencies. The reports were due Tuesday.Existential ThreatsWith their broad portfolios, U.S. tech companies have been worried about everything from Trump’s trade deals to stalled privacy legislation and drone regulations. But perhaps their most existential threats are the antitrust probes.The Justice Department and the Federal Trade Commission are reviewing the biggest internet platforms to determine if they are harming competition. The FTC is scrutinizing Facebook and Amazon, while the Justice Department is investigating Google and is also looking at Facebook.Large coalitions of state attorneys general are likewise considering cases against Facebook and Google.For more: Justice Department Questions Publishers in Ongoing Google ProbeIn addition, the House Judiciary Committee’s antitrust panel, led by Rhode Island Democrat David Cicilline, has a sprawling inquiry underway. Cicilline has hauled executives before his subcommittee and peppered the companies with exhaustive questions about their business practices.Facebook surged to the front of the pack among the tech behemoths. The social-media company spent $16.7 million last year, its highest-ever yearly spending and up 32% from $12.6 million in 2018. It lobbied on such issues as intellectual property, cybersecurity, privacy, cryptocurrency and election integrity, according to the annual lobbying disclosures.E-commerce giant Amazon was close behind Facebook, upping its spending to a record $16.1 million from $14.2 million. Despite the increase, its public policy shop has experienced a number of high-profile failures. In October, for example, Amazon learned that it lost a $10 billion Pentagon cloud contract to rival Microsoft.Amazon has blamed that loss on presidential meddling. Numerous parts of the “evaluation process contained clear deficiencies, errors, and unmistakable bias -- and it’s important that these matters be examined and rectified,” the company said in November.It doesn’t help that Amazon founder Jeff Bezos and President Donald Trump have been feuding since before Trump was elected and that Bezos owns the Washington Post, which Trump sees as one of his fiercest critics.Apple RecordApple’s $7.4 million lobbying outlay last year was also a record. That amount was up 10% from $6.7 million in 2018. Chief Executive Officer Tim Cook has had a better working relationship with Trump than have many of his tech rivals. He was among several dozen global tech leaders who attended a breakfast with the president at the World Economic Forum conference in Davos, Switzerland, on Wednesday.But Cook is also in the hot seat for his company’s refusal to help the FBI unlock an encrypted iPhone used by the Saudi air force student who allegedly killed three people at a Florida naval base.Microsoft, which spent $10.2 million on lobbying last year, up from $9.5 million the year before, has largely avoided the political pitfalls of its peers. Winning the Pentagon’s lucrative cloud contract was a major victory, considering its underdog status. In August, Pentagon vendors also were awarded a contract worth as much as $7.6 billion to provide Microsoft software to the Defense Department.Privacy PushSome of the big checks Facebook, Google and others are writing in Washington are going to lobbying firms and trade groups pushing industry-friendly privacy bills. The industry hoped to see federal privacy legislation adopted last year, but that didn’t happen.California’s new privacy law went into effect Jan. 1, becoming the most influential U.S. privacy statute. New York, Washington State and others are considering their own privacy bills, which could create a patchwork of state privacy regulations, making compliance difficult for global tech giants.The tech companies, hoping to avoid that, are again lobbying Congress to adopt a federal privacy law before the 2020 elections.Chinese telecommunications company Huawei Technologies Co., after minimal outlays, started spending heavily on lobbying in the second half of last year as it found itself in the crosshairs of the Trump administration. In May, the Commerce Department placed the company on a blacklist designed to cut it off from U.S. suppliers.Huawei spent $1.1 million in the fourth quarter and nearly $3 million for the full year, up from $165,000 in 2018. The increase was primarily to pay lobbyist Michael Esposito, who touts his connections to Trump, though the president has said he doesn’t know him.Trade WarsIn the final months of 2019, companies and trade groups intensified their lobbying on international trade issues as the Trump administration sought to end the tariff war with China and pass a new trade deal with Mexico and Canada.Earlier this year, the U.S. and China signed what they billed as the first phase of a broader trade pact that commits China to do more to crack down on the theft of American technology and avoid currency manipulation. The Senate passed Trump’s U.S.-Mexico-Canada free trade agreement or USMCA, which replaced the North America Free Trade Agreement, following House passage late last year.The National Association of Manufacturers’ spending on federal lobbying rose to $8.4 million in the last three months of 2019, a nearly 313% jump compared with the third quarter, and $14.6 million in all of 2019. The trade group lobbied on both China and North American trade issues, according to its filings.\--With assistance from Naomi Nix.To contact the reporters on this story: Eric Newcomer in San Francisco at firstname.lastname@example.org;Ben Brody in Washington, D.C. at email@example.comTo contact the editors responsible for this story: Sara Forden at firstname.lastname@example.org, ;Molly Schuetz at email@example.com, Paula DwyerFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Between January 13 and January 17, the Dow Jones Industrial Average advanced by 1.53%, while two other benchmark indexes, the S&P 500 and NASDAQ Composite appreciated by 1.26% and 1.24%, respectively. The bullish sentiment was fueled by positive economic data, the signing of the phase one trade agreement between the US and China and a […]
(Bloomberg) -- United Nations experts accused the Saudi Crown Prince Mohammed bin Salman of possible involvement in hacking Jeff Bezos’s phone in an effort to “influence, if not silence” reporting on Saudi Arabia by the Bezos-owned Washington Post.Bezos’s iPhone was infiltrated via an MP4 video file sent from the WhatsApp account used by the prince in 2018, according to a statement Wednesday by U.N. independent experts appointed by the Human Rights Council.“The alleged hacking of Mr. Bezos’s phone, and those of others, demands immediate investigation by U.S. and other relevant authorities, including investigation of the continuous,multi-year, direct and personal involvement of the crown prince in efforts to target perceived opponents,” Agnes Callamard, U.N. Special Rapporteur on summary executions and extrajudicial killings, and David Kaye, U.N. Special Rapporteur on freedom of expression, wrote in the statement.Bezos, who is also the chief executive officer of Amazon.com Inc., had exchanged phone and WhatsApp numbers with the crown prince at a dinner in April 2018, a month before the alleged hack, according to the U.N. statement. On May 1, a message from the crown prince’s account was sent to Bezos through WhatsApp containing an encrypted video file. A forensic analysis found that within hours of clicking on the video file, “massive and (for Bezos’ phone) unprecedented exfiltration of data from the phone began.”Around that time, Jamal Khashoggi, a Saudi dissident who was living in self-imposed exile in the U.S. and working as a columnist for the Washington Post, was writing pieces critical of the Saudi government. Khashoggi was murdered at the Saudi consulate in Istanbul in October 2018 by agents of the Saudi government. The U.S. Central Intelligence Agency has said it’s certain that the crown prince directed the killing and dismemberment of the Saudi insider-turned-critic.As the Post began to report on the murder and role of the Saudi government and crown prince, a massive online campaign was being waged against Bezos, according to the U.N. report, identifying him principally as the owner of the Washington Post and prompting Twitter hashtags of “Boycott Amazon.”On. Nov. 8, 2018 a single photograph was texted to Bezos from the crown prince’s WhatsApp account, along with a sardonic caption, according to the U.N. statement. It was an image of a woman resembling Lauren Sanchez, whom Bezos was dating, and sent months before the affair became public.“At a time when Saudi Arabia was supposedly investigating the killing of Mr. Khashoggi, and prosecuting those it deemed responsible, it was clandestinely waging a massive online campaign against Mr. Bezos and Amazon targeting him principally as the owner of The Washington Post,” Callamard and Kaye wrote.The Saudi Embassy, in a Twitter post, denied involvement in the hack. “Recent media reports that suggest the Kingdom is behind a hacking of Mr. Jeff Bezos’ phone are absurd,” according to the tweet. “We call for an investigation on these claims so that we can have all the facts out.”The U.N. statement said the intrusion “likely was undertaken through the use of a prominent spyware product identified in other Saudi surveillance cases, such as the NSO Group’s Pegasus-3 malware, through the use of Israeli spyware.” The report notes that the product is widely reported to have been purchased and deployed by Saudi officials.A representative for the NSO Group denied any connection to the Bezos hack, describing such a suggestion as “defamatory. Our technology was not used in this instance.” The representative said “our technology cannot be used on U.S. phone numbers, our products are only used to investigate terror and serious crime.”The U.N. said the circumstances and timing of the Bezos hack “strengthen support for further investigation by U.S. and other relevant authorities of the allegations that the Crown Prince ordered, incited, or, at a minimum, was aware of planning for but failed to stop the mission that fatally targeted Mr. Khashoggi in Istanbul.”The twisting tale began in early 2019 with the surprise announcement that Bezos and his wife MacKenzie would divorce after 25 years of marriage. Shortly thereafter, the National Enquirer disclosed the extramarital affair between Bezos and Sanchez, a former television anchor, in a series of reports that relied, in part, on intimate text messages sent by the Amazon CEO.Bezos later wrote an extraordinary blog post accusing the tabloid of threatening to publish more embarrassing text messages and photos unless he publicly affirmed that there was no political motivation or outside force behind the tabloid’s coverage.Gavin de Becker, a security consultant for Bezos, said at the time that he believed the Saudi government had accessed Bezos’s phone before the Enquirer exposed the affair. He didn’t provide any direct evidence to back up his claims, which he said came from “our investigators and several experts.” De Becker said the Washington Post’s coverage of the Khashoggi murder probably explained why bin Salman sought to harm the Amazon founder.On Wednesday, Senator Ron Wyden, a Democrat from Oregon, wrote to Bezos seeking more information about the hack and concerns of Saudi involvement.“Unfortunately, the breach of your device appears to be part of a growing trend,” Wyden wrote. “To help Congress better understand what happened -- and to help protect Americans against similar attacks -- I encourage you to provide my office with information regarding your case.”(A previous version of the story corrected the spelling of Human Rights Council in second paragraph.)\--With assistance from David Wainer, William Turton, Ryan Gallagher and Matt Day.To contact the reporters on this story: Molly Schuetz in New York at firstname.lastname@example.org;Giles Turner in London at email@example.comTo contact the editors responsible for this story: Molly Schuetz at firstname.lastname@example.org, Robin Ajello, Andy MartinFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Amazon.com Inc said on Wednesday its music streaming service had over 55 million customers globally, edging close to Apple Music but far behind Swedish rival Spotify. Apple Inc said in June that its music streaming service had more than 60 million subscribers, including its customers who are on a free trial of Apple Music. Spotify Technology SA, the world's largest music streaming service, had 113 million paid subscribers as of September.
Amazon.com, AT&T Inc., DHL Express USA Inc. and other select companies with major delivery fleets — and their accompanying heavy carbon footprints — are banding together for an electric-vehicle collaboration.
The Guardian, the Financial Times, and the Washington Post reported on Tuesday that the Amazon leader’s cellphone was hacked after he received a WhatsApp message from Saudi Arabian Crown Price Mohammed bin Salman.
Amazon has boosted its position as the world’s most valuable brand surpassing Google, Apple and Microsoft, according to a global report.
Netflix (NFLX) to gain from international content deals and the expansion of the content portfolio with the slated release of 21 films from Studio Ghibli as well as the latest Pokemon animation.
Amazon.com, Inc. (NASDAQ: AMZN) has won a patent for a multifaceted last-mile autonomous robot the company is calling, prosaically, a "storage compartment vehicle" (SCV), designed to deliver and retrieve items potentially from multiple customers on a single trip. Patents do not necessarily reflect current developments in products and services, an Amazon spokesperson told FreightWaves. Like many companies, according to the spokesperson, the e-giant files a number of forward-looking patent applications that explore the possibilities of new technologies.
Saudi Arabia is dismissing reports it's behind the hacking of Amazon.com, Inc. (NASDAQ: AMZN) CEO Jeff Bezos' phone. The Guardian reported Tuesday that Saudi Crown Prince Mohammed bin Salman was behind the hacking of Bezos' phone in 2018, citing results of a new digital forensic analysis. A WhatsApp message sent to Bezos from Mohammed bin Salman’s phone back in 2018 contained malware, which was later used to hack the Amazon CEO’s phone, according to the analysis results.
(Bloomberg Opinion) -- The most astonishing revelation in reports about the hacking of Jeff Bezos’s cellphone is that Crown Prince Mohammed bin Salman may have played a direct, personal role. Bloomberg News reports that two people familiar with the breach say Saudi Arabia’s de-facto ruler, known as MBS, started the process by sending the Amazon.com Inc. chief a WhatsApp message containing hidden malware, which gave the Saudis access to the billionaire’s phone.More damning still, independent United Nations experts say they have information suggesting MBS's involvement in the hack. “The information we have received suggests the possible involvement of the Crown Prince in surveillance of Mr. Bezos, in an effort to influence, if not silence, The Washington Post’s reporting on Saudi Arabia,” wrote independent experts Agnes Callamard, UN Special Rapporteur on summary executions and extrajudicial killings, and David Kaye, UN Special Rapporteur on freedom of expression, in a statement Wednesday.How the prince responds will reveal whether he has learned any lessons from the killing of Jamal Khashoggi and its fallout.The message to Bezos preceded the grisly murder of the journalist, in the Saudi consulate in Istanbul, by five months. The UN investigation into the killing said MBS “has a responsibility in relationship to the killing” and the CIA believes he gave the order. The Saudi government denies this, and went through a form of judicial proceedings to affix blame on people it claims were involved.This saga has done little to dispel the cloud over MBS’s reputation. As I wrote on the anniversary of the murder, the ghost of Khashoggi haunts the prince’s every step. It even attended, Banquo-like, the banquet for bankers that was the Aramco IPO.The story about the hacking of the Washington Post’s owner has the potential to attract as much attention as the killing of the newspaper’s columnist.The allegation that the prince was personally involved is especially damaging, and will lower even further his international standing. In the U.S., it will harden the resolve of many in Congress to hold MBS to account for the murder, despite President Trump’s best efforts to shield him.It won’t end there. That the target was one of the world’s richest men will invite closer scrutiny of other incidents involving less prominent figures — such as the reported hacking of phones belonging to Saudi dissidents, threats against other critics, and the charge that Twitter employees spied for the kingdom. The first response from the Saudis was true to form. The Saudi embassy in Washington has characterized the reports of the Bezos hack as “absurd,” reprising the posture it adopted in dismissing first reports that Khashoggi was murdered on orders from Riyadh.The wiser course would be to allow a transparent investigation into the hack with a broader mandate than the UN probe — to find out who ordered it as well as who executed it. After the opaque process surrounding the Khashoggi killing, any investigation by Saudi authorities will inevitably give the impression of a cover-up. The best way to avert that reasonable suspicion would be to allow international supervision of the process.If such a probe concludes that the first breach of Bezos’s phone came from MBS’s WhatsApp message, then the prince must make a clear breast of it: a real mea culpa, and not the caveat-laden acknowledgment he belatedly allowed in the Khashoggi affair. Better still, he should forswear the use of such tactics against critics.MBS’s admirers and defenders often point out that the prince has a long reign ahead of him: He could be king for 50 years. That era will go easier without more ghosts and scandals dogging him.To contact the author of this story: Bobby Ghosh at email@example.comTo contact the editor responsible for this story: James Gibney at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Bobby Ghosh is a columnist and member of the Bloomberg Opinion editorial board. He writes on foreign affairs, with a special focus on the Middle East and the wider Islamic world.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Tony Dwyer, a longtime bull and strategist at brokerage Canaccord Genuity, is getting a little nervous and said it is time “to take offense temporarily off the field.”
Utilizing a roll-up strategy unmatched in freight industry annals for speed, scale, and no shortage of doubters, Jacobs, the founder, chairman and CEO, took XPO in less than nine years from a $150 million domestic company with one or two revenue lines to a $17 billion international behemoth with conglomerate-like features. Four units — each one large enough to be substantial stand-alone businesses — may be sold or spun off. The units will be offered concurrently.
IMDb to Produce On-the-Ground Original Celebrity Video Coverage of the 2020 Sundance Film Festival
Holiday season and retail are synonymous. A sturdy labor market, rising income and improving consumer confidence worked in favor of retailers.