Increased Competition Forms Backdrop To Amazon Earnings
Amazon (AMZN) had a tough outing its last time out. Will Q4 mark a turnaround? Regardless of the results when the company reports earnings Thursday afternoon, it’s clear AMZN has come a long way since starting as an online bookstore in the mid-1990s. In addition to selling everything from books to broom handles, it’s now […]
Coronavirus In Context
The regular closure of Mainland markets for the Lunar New Year has been extended to February 3, 2020. Meanwhile, Hong Kong reopened last night and the Hang Seng was down by -2.82%.1 The MSCI China All Shares Index, which tracks stocks listed in Hong Kong, the US, and the Mainland, has fallen by -3.16% over the […]
Problems With Bernie Sanders’s Student Debt Cancellation
Senator and presidential candidate Bernie Sanders has proposed his College For All plan that would make public undergraduate colleges and universities tuition-free. Sanders based his 2016 campaign heavily on his plan for “free college.” Outstanding student loans have now surpassed $1.5 trillion and many are calling for solutions to reduce that balance. For that reason, his plan […]
‘They Were To Kill And Dump Me In A Shallow Grave’ – Kanu
Nnamdi Kanu, the leader of the Indigenous People of Biafra (IPOB) has revealed how Nigerian security operatives had plotted to kill him and dump his body in a shallow grave along with fellow IPOB members on the day his house was raided by orders from the Nigerian Government. In his words: “On 29/01/2020, […]
Eyinnaya: Nigerian Presidency Convenes Security Meeting
Former presidential aide Reno Omokri has taken to his verified Facebook page to laud Minority leader Senator Enyinnaya Abaribe on his controversial statement on Buhari’s resignation and how the presidency quickly convened a security meeting with service chiefs in order to restrategise. Senator Enyinnaya who made the statement during a senate meeting today left no […]
We Are Going To Stone You Out Like You Asked – Enyinnaya
Senate Minority Leader Enyinnaya Abaribe has called out the present Nigerian government while making references to their promises that if they don’t perform well that they should be stoned. The statement was made by Founding member of the All Progressives Congress (APC), Prince Tony Momoh, who had defended the administration of President Muhammadu Buhari over […]
Winds Blow Border Wall Between US And Mexico Over
A section of Donald Trump’s much-vaunted border wall between the United States and Mexico has blown over in high winds, US border patrol officers have been reported as saying. The steel panels, more than nine metres (30ft) high, began to lean at a sharp angle on the border between the Californian town of Calexico and Mexicali […]
January 15th 1966 Revolution And It’s Likely Repetition
January 15th 2020 marked the 54th anniversary of the first-ever military coup in Nigeria. I had expected to see the Nigerian government, radio and television stations run some documentaries about the coup, at least to remind the younger generation of this very important phase of our history and the need to prevent such from […]
Tokyo 2020 Unveils Olympic ‘Plaza’ Made From Donated Wood
The Tokyo 2020 Olympic organisers on Wednesday unveiled the “Village Plaza”, a key part of the Athletes’ Village that is being built from wood donated by municipalities across Japan. The facility will be a gathering place for athletes and their teams, as well as the site of welcome ceremonies and press briefings during the Games. […]
China Virus Death Toll Rises To 170, With 1,700 New Cases
The nationwide death toll from China’s viral epidemic has leapt to 170, the government said on Thursday, with more than 1,700 new infections confirmed. Thirty-seven of the 38 new deaths came in hard-hit Hubei province, the epicentre of a contagion that is causing mounting global fear. Another death occurred in southwestern Sichuan province, the National […]
Facebook Results Beat Forecasts But Shares Take A Hit
Facebook on Wednesday reported quarterly earnings and user growth stronger than most forecasts, but shares took a hit in after-market trade. The leading online social network said net income rose seven percent from a year ago to $7.3 billion, while revenue increased 25 percent to $21 billion in the final three months of last year. […]
UK Economy Seeks To Balance Brexit With Global Strains
Britain’s economy, lifted by the country’s post-election political stability, risks fresh turbulence as Prime Minister Boris Johnson seeks tricky Brexit trade deals amid global threats that include the coronavirus. Recent positive British economic data offset weaker figures at the end of 2019, but this is not expected to have a lasting impact despite government promises […]