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A growing economy coupled with new applications and convenience of online shopping could provide a catalyst to businesses that sell merchandise through online channels.
Rumors started circulating last week that Amazon was exploring a free, ad-supported tier of its streaming music service. Turns out there was something to those rumblings. Today, the commerce giant announced that Alexa device owners in the US will be able to listen to top playlists and stations on Amazon Music at no additional charge, even if they are not Amazon Prime subscribers. Of course, this news also comes on the same day that Amazon's frenemies over at Google launched ad-supported free YouTube Music streaming on Google Home smart devices.
The Lyft IPO has rightfully left a bad taste in the mouths of many investors who were clearly bamboozled.
With the major financial markets closed for the day, volumes will be on the lighter side. U.S housing data will be the only numbers for the Dollar to respond to.
American Media Inc (AMI) said on Thursday it was selling its National Enquirer tabloid to James Cohen, whose family owns a magazine distributor and used to own the Hudson chain of airport newsstands. The National Enquirer had admitted to paying hush money to help U.S. President Donald Trump get elected and been accused of attempting to blackmail Amazon founder Jeff Bezos.
The free service, announced Thursday, will be available to customers with Alexa devices who don’t subscribe to Amazon Prime, the loyalty program known mostly for shipping discounts. The new service will feature general-interest playlists like “Pop Culture,” 80s music and country, Amazon said in a statement. It will compete with existing free services from Spotify Technology and Sirius XM-owned Pandora.
Next week will go a long way in determining whether investors should be concerned about the dawning of an earnings recession or whether back-to-back quarters of negative growth can be avoided in what is the heaviest week for profit reporting by U.S. companies. A wide swath of S&P 500 sectors are scheduled to report next week, with 155 companies representing over $9 trillion in market capitalization in the queue, more than 35 percent of the total for the index.
American Media Inc (AMI) said on Thursday it is selling its tabloid the National Enquirer to James Cohen, chief executive officer of Hudson Media. The National Enquirer had admitted to paying hush money to help U.S. President Donald Trump get elected and been accused of attempting to blackmail Amazon founder Jeff Bezos.
The AUD/USD enjoyed a 0.39 percent boost in the Asian session following strong employment data. The Cable underwent extended slump even in the absence of Brexit headlines.
Sears Holdings Corp sued longtime former Chairman Eddie Lampert, his hedge fund ESL Investments and others like Treasury Secretary Steven Mnuchin, claiming they illegally siphoned billions of dollars of assets from the retailer before it went bankrupt. The lawsuit, made public on Thursday, was filed by the restructuring team winding down Sears' bankruptcy estate and suing on behalf of creditors, many of whom blame Lampert for the retailer's downfall. The complaint seeks the repayment of "billions of dollars of value looted from Sears," including while it was in what Lampert would later call a "death spiral" where it sold core assets to meet daily expenses with no real plan for becoming profitable.
The U.S. Department of Agriculture on Thursday said it has launched a pilot program in New York that allows consumers dependant on food stamps to use them to buy groceries online, a move that is likely to boost sales at retailers like Walmart Inc and Amazon.com Inc. Both companies are participating in the initial pilot launch with Wakefern Food Corp's ShopRite supermarket chain expected to join the program early next week, the USDA said. Walmart will offer the service in upstate New York, while ShopRite and Amazon will service the New York City area.
Global Economic Indicators Paint a Mixed PictureRetail sales According to the US Department of Commerce, US retail sales soared 1.6% in March compared to February, their highest pace of growth since September 2017. Another encouraging piece of news
(Bloomberg Opinion) -- The other day, a columnist for the Detroit Free Press wondered if the sudden spate of measles cases in several parts of the country might be the fault of Amazon.com Inc., because until recently it offered books and videos created by anti-vaccination activists.
Agriculture Secretary Sonny Perdue announced the start of a two-year pilot in New York testing online purchases of groceries by beneficiaries of the Supplemental Nutrition Assistance Program, known colloquially by its former name, food stamps. “People who receive SNAP benefits should have the opportunity to shop for food the same way more and more Americans shop for food -- by ordering and paying for groceries online,” Perdue said in the statement Thursday.
Amazon and Google are ending their nearly 2-year spat, agreeing to bring their video streaming apps to each other's devices. Back in 2017, Google pulled its popular YouTube video app from Amazon's Fire TV after the online shopping giant refused to sell some Google products. Amazon has since started to sell Google's gadgets on its site.
Xilinx's (XLNX) fourth-quarter fiscal 2019 results are likely to gain from strong demand for its products in the Wireless, TME markets.