Amazon: Why A Waterfall Decline Might Be Underway – Seeking Alpha

Amazon: Why A Waterfall Decline Might Be Underway – Seeking Alpha

Background On July 31, with Amazon.com (AMZN) having closed at $1,020, Seeking Alpha published my article suggesting that AMZN might be about to crash. The title was Amazon’s Stock Looks Headed For A Waterfall. Since then, the stock has done little but drop. The main bearish thesis, which I listed as something that short sellers […]

Chinese Automaker Sets Its Sights on Jeep – New York Times

The automaker owns the Chrysler, Dodge and Jeep brands, as well as the Fiat, Alfa Romeo and Maserati brands in Europe. The seriousness of Great Wall’s interest in a deal could not immediately be determined, and a company spokeswoman declined to say whether the two parties had even met. The Chinese carmaker, controlled by the […]

Sempra Dares Buffett to Be Disciplined – Bloomberg

While everyone is focused on the imminent solar eclipse, a black hole appears to have opened up in the vicinity of Dallas. Fortunately, its formidable gravitational pull only seems to affect utilities. It centers on Oncor Electric Delivery Co., a utility serving Dallas and northern Texas, which is emerging from the bankruptcy of the TXU […]

VW’s adorable ID Buzz hits dealerships in 2022, but we drove it today – CNET

VW’s adorable ID Buzz hits dealerships in 2022, but we drove it today – CNET

At this year’s North American International Auto Show, we saw gorgeous concept and production cars from companies around the world, but there was only one concept that was an almost-universal hit. Damn-near everyone who saw it said that they wanted to take it home. That car was Volkswagen’s nostalgia-infused I.D. Buzz electric van. With its […]

Why Wall Street is so fixated on Gary Cohn’s position in the White House – Business Insider

Why Wall Street is so fixated on Gary Cohn’s position in the White House – Business Insider

Andrew Kelly/Reuters Markets tumbled on Thursday after rumors swirled that Gary Cohn, President Donald Trump’s top economic adviser and formerly Goldman Sach’s number two, was resigning. The S&P 500 slumped at around 10 a.m. ET, after the rumors began swirling on Twitter. Gold, a traditional safe haven trade, climbed as investors pulled into safety assets. The […]

JPMorgan CEO on Trump – DSNews.com

JPMorgan CEO on Trump – DSNews.com

The mortgage banking industry no longer has a voice in President Trump’s ear as of Wednesday, when the president disbanded both his manufacturing and business advisory councils via Twitter: Rather than putting pressure on the businesspeople of the Manufacturing Council & Strategy & Policy Forum, I am ending both. Thank you all! — Donald J. […]

Foot Locker: I Made A Mistake – Seeking Alpha

Foot Locker: I Made A Mistake – Seeking Alpha

Source: Public Domain On Friday afternoon, as I sat in front of my laptop awaiting Foot Locker’s (NYSE:FL) Q2 earnings with a hot chicken wrap in hand, I could not have predicted how eventful the day would be… Prologue I bought my first set of Foot Locker shares in the very recent past. I grabbed […]

Foot Locker stock plummets after disappointing earnings announcement – USA TODAY

Foot Locker’s stock dropped due to disappointing earnings.(Photo: Richard Drew, AP) NEW YORK — Foot Locker shares plummeted 24% Friday with the the sneaker retailer blaming languishing sales on fickle consumers who aren’t lighting up when it comes to the latest high-end athletic shoes. Worse for investors, he company’s is not expecting its condition to improve […]

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