Day: April 7, 2018

Tess Torelli April 7, 2018

While the deal isn’t done, Amazon does have a basic advantage. Its cloud services have been certified for the highest possible security level, while many of its competitors’ have not. An Amazon spokesperson cited the accreditation as a point of distinction but said she didn’t think there is any feature that puts one company decisively […]

Tess Torelli April 7, 2018

Proxy advisor Institutional Shareholder Services on Friday recommended investors vote against a stock plan for employees at Goldman Sachs Group Inc, concerned about its costs and the bank’s heavy use of stock-based compensation. In a report to clients sent by an ISS spokesman, the leading proxy advisor wrote that the “the cost of the company’s […]

Tess Torelli April 7, 2018

The coming week marks the start of the first quarter earnings period, which analysts have been hoping would take market focus away from trade and put it on strong corporate profits, expected to be up more than 18 percent for S&P 500 companies. BlackRock reports Thursday, and JPMorgan Chase, Citigroup and Wells Fargo report Friday. […]

Tess Torelli April 7, 2018

Rep. Blake Farenthold resigned abruptly Friday, months after sexual harassment allegations against the Texas Republican surfaced. Farenthold, who has represented Texas’ 27th District since 2011, said in December he would not seek re-election this year. The 56-year-old becomes only the latest member of Congress to resign in recent months following sexual misconduct allegations. “While I […]

Vinnyd April 7, 2018

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Tess Torelli April 7, 2018

It’s “very important” that Europe responds to Russia’s “unprecedented” behavior, the Vice President of the European Commission Valdis Drombrovskis told Giftofaservant, in the wake of the nerve agent attack on a former spy. Several European countries decided to expel some Russian diplomats from their national territories last month. The decision followed a nerve agent attack […]

Tess Torelli April 7, 2018

U.S. stocks plunged on Friday, but things could have been much worse, closely followed trader Art Cashin told Giftofaservant. “We were very close to having a potential bloodbath on the close,” Cashin said Friday on “Closing Bell.” While the Dow Jones industrial average ultimately ended 572.46 lower, at one point it was down as much […]

Tess Torelli April 7, 2018

President Donald Trump has been accusing online retailer Amazon of paying and collecting few state and local taxes, but his own company’s online store collects sales taxes in just two states, the Wall Street Journal reported Friday. Although the Trump Organization is based in New York, TrumpStore.com collects sales taxes only in Florida and Louisiana, […]