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U.S. equity markets are mixed following strong earnings from Amazon.com, Inc. ( AMZN ) that lifted the Nasdaq while a blowout jobs report pushed bond yields higher by fueling fears of bigger interest rate hikes by the Federal Reserve. Key Takeaways Tech shares are rising, boosted by Amazon and Snap, as the Nasdaq aims for its first weekly gain this year. A blowout jobs report pushed bond yields higher by fueling fears of bigger interest rate hikes by the Federal Reserve. Crude oil's price surge continued, with the price crossing $93 per barrel. The Nasdaq , helped by Snap Inc. ( SNAP ) and Amazon, is set for its first weekly close higher this year. The S&P 500 is also higher, while the Dow Jones is little changed. The yield on the 10-year Treasury note is skyrocketing nine basis points (BPS) to 1.92% after the Labor Department reported that many more jobs were created in January than expected (more below). That's prompting speculation that … [Read more...] about Markets Mixed as Amazon, Snap Fuel Tech, Dow Drops on Rate Worries

Share to Twitter Share to Linkedin Fans of Indian blockbuster KGF Chapter 2 can now access it online. Even before the films gets a digital release, it is now available on rent on Amazon Prime Video. Starting 16 th May, one may buy early access to Yash-starrer - rent the movie for just $2.56 and gain access to it for 30 days. It features Yash along with Srinidhi Shetty. Sanjay Dutt plays the role of the antagonist while Raveena Tandon essays the role of the Prime Minister. Prakash Raj, Easwari Rao, Rao Ramesh, Archana Jois and Achyuth Kumar also star in the film. The movie, available in both HD and SD versions, will be available for 48 hours after it is played for the first time. KGF Chapter 2 is directed by Prashanth Neel and produced by Vijay Kiragandur’s Hombale Films. The rental destination can be accessed via the store tab on primevideo.com and the Prime Video app on all devices. After buying a movie rental, it is available for 30 days. … [Read more...] about ‘KGF Chapter 2’ Earns $167.6 Million, Film Now Available On Amazon Prime Video Rental For $2.56

Nike has doubled down on litigation against StockX in a heavyweight lawsuit between the biggest shoe manufacturer in the world and the hypebeast shoe resale platform that’s now valued at $3.8 billion . advertisement advertisement The battle started in February, when Nike filed a trademark suit against StockX, after StockX announced a program that promised to turn your shoe purchases on its site into instant NFTs. (Nike, having not minted these NFTs itself, claimed StockX was misusing its trademark by minting NFTs from Nike shoes.) Then last week, Nike upped the legal ante: It added an accusation of counterfeiting on top of its existing trademark suit, claiming that it purchased four pairs of fake Nikes from StockX. At first glance, the story may look like another example of Nike being overly protective of its intellectual property. Last June, Nike sued the Brooklyn-based art collective MSCHF, after the group released Satan Shoes, which were Nikes … [Read more...] about Nike is suing StockX for allegedly selling counterfeit shoes. What happens next?

Jeff Bezos said US President Joe Biden's plans for larger spending were largely thwarted by Senator Joe Manchin. Jeff Bezos has criticised US President Joe Biden's take on inflation again. The Amazon founder said that the administration tried hard to inject more stimulus into an already inflationary economy. "Inflation is a regressive tax that most hurts the least affluent. Misdirection doesn’t help the country," Bezos tweeted. He was reacting to a tweet by an NGO which appeared to disagree with Biden's claims that this year, the government is on track to cut the deficit by $1.5 trillion – the biggest one-year decline ever. Joe Biden also claimed that under his predecessor Donald Trump, the deficit increased every year. The Twitter user Neoliberal then pointed out, "The deficit is decreasing because we’re not doing pandemic aid anymore, and federal receipts are up because of inflation. Congress, or the Biden administration, didn’t do anything to lower the deficit." … [Read more...] about Jeff Bezos hits out at Joe Biden again: ‘Misdirection doesn’t help the country’

Jeff Bezos, the third richest person in the world with a net worth of $138.8 billion, called US President Joe Biden's take on inflation a misdirected one. Jeff Bezos has criticised US President Joe Biden over his remark on controlling inflation in the country by taxing "the wealthiest corporations". "You want to bring down inflation? Let’s make sure the wealthiest corporations pay their fair share," Biden had tweeted on Saturday. You want to bring down inflation? Let’s make sure the wealthiest corporations pay their fair share. — Joe Biden (@JoeBiden) May 13, 2022 Inflation in the US surged to 8.3% in April, approaching a 40 year record, the New York Post reported. Prices for food and fuel have soared. Close Bezos, the third richest person in the world with a net worth of $138.8 billion, called the President's take on inflation a misdirected one. "Raising corp taxes is fine to discuss. Taming inflation is critical to discuss. Mushing them … [Read more...] about Jeff Bezos criticises Joe Biden over tweet on taxing super rich to control inflation

Share to Twitter Share to Linkedin Airbnb’s billionaire cofounder and CEO Brian Chesky is making his biggest philanthropic donation so far: a $100 million pledge to former President Barack Obama and Michelle Obama’s charitable foundation for an initiative that links education and travel. The funds will go toward scholarships for college students pursuing careers in public service, according to an announcement from the Obama Foundation on Monday. The program, called the Voyager Scholarship, is intended to relieve students of college debt, enable them to travel and expand their horizons—and provide them with mentors. The two-year program will provide students with up to $25,000 in financial aid for their junior and senior years of college. Recipients will also be given $10,000 and free Airbnb housing to go on a “summer voyage” where students will design their own work-travel program to “gain exposure to new communities.” It doesn’t end there. For a decade … [Read more...] about Airbnb’s Billionaire CEO Is Giving The Obama Foundation $100 Million For Travel-Focused College Scholarships

Share to Twitter Share to Linkedin Managing Director TERRITORY Influence , a leading full-service influencer marketing agency activating 4 Mio creators for brands in Europe. Whether they’re content creators or business creators, influencers keep surprising us. Brand creation is increasingly common in the world of influence and appears to have become a new trend in recent years. According to Statista (paywall), the influencer marketing industry was worth $13.8 billion in 2021. When it’s possible to receive a great deal of attention and faith from customers around the world, launching your own fashion or cosmetics brand seems very appealing. Let’s have a look at some of the reasons that I believe push influencers to become true entrepreneurs and how they launch their own branded goods. At Territory Influence, we help both influencers and manufacturing companies find the right strategies and business models. Over the past few years, I’ve witnessed a … [Read more...] about Why And How Influencers Are Launching Their Own Brands

On Saturday, the Group of Seven (G-7) industrialized nations agreed on a 15% global minimum corporate tax as a way to prevent companies from avoiding taxes by parking profits overseas. The G-7 finance ministers meeting was held in London. Key Takeaways The G-7 group of financial leaders from seven industrialized nations agreed that a 15% global minimum corporate tax rate should be enacted. A global minimum corporate tax rate has been proposed as a way to stop a race to the bottom as companies seek to avoid paying taxes by stashing profits in countries with the lowest possible tax rates . On her way back from that meeting, U.S. Treasury Secretary Janet Yellen said higher interest rates would be a “plus” for the American economy. The meeting precedes an annual summit of G-7 leaders scheduled for June 11 to 13, 2021, in Cornwall, England. There will also be wider talks with 140 countries in Paris, and the Group of 20 finance ministers will be meeting in July, where … [Read more...] about G-7 Agreed on a 15% Global Minimum Corporate Tax

Stocks are falling after hiring in January blew past expectations, raising concerns that the Federal Reserve will lift interest rates aggressively to prevent the economy from overheating. The U.S. added 467,000 jobs last month, the Labor Department reported today. That crushed economists' expectations for 150,000 hires, driving stocks lower despite Amazon.com, Inc. ( AMZN ) gaining after a solid earnings report . Key Takeaways Stocks are falling for a second day after January hiring crushed expectations and raised concerns that the Federal Reserve will lift interest rates aggressively. Amazon is gaining around 10% and Snap more than 40% after reporting solid earnings growth. The yield on the 10-year Treasury note jumped past 1.9%, its highest in more than a year. Crude oil soared past $90 per barrel. The Dow Jones Industrial Average , S&P 500 , and Nasdaq indexes are all lower, following big declines in each yesterday. Crude oil soared past $90 per … [Read more...] about Stocks Drop as Blowout Jobs Report Increases Rate-Hike Jitters

Electric trucks in the pipeline are sending shares higher Tesla rival Nikola is building electric trucks with hydrogen fuel cells A lot of hype and promotion, but the market may not be large enough Nikola has to build a large hydrogen generation and fueling network Trucks are as American as Apple Pie or baseball. Ford launched the first factory-built pickup truck for farmers in 1925, and the company's F-Series has been America's best-selling vehicle for 38 straight years. We're hearing a lot about trucks lately, but these aren't your father's or grandfather's pickups. We're not even 100% certain they'll be yours. For one thing, most only exist as prototypes, digital images and specs at this point and not all may make it to market. Ford yesterday delayed its F-150 electric pickup truck launch to mid-2022. Yesterday Tesla's stock price tore past $1,000 after CEO Elon Musk told employees that it's time to "go all out" and bring the Tesla semi, unveiled in 2017, to volume … [Read more...] about Electric Truck Wars Heat Up