Tuesday, 13 November, 2018

Amazon tops US$1 trillion in stock market value

Is Amazon a monopoly Is Amazon a monopoly
Kelvin Reese | 05 September, 2018, 12:06

Amazon has become the second company listed in the U.S. to achieve a market value of $1trn (£779.3bn).

Shares of Amazon's stock rose 1.9 percent Tuesday morning to $2,050.50 - 23 cents above the amount needed to bump Amazon over the $1 trillion line.

It crossed the line at 16:40 BST before falling back slightly.

"Amazon CEO Jeff Bezos holds up the new Kindle Fire HD 7" and Kindle Fire HD 8.9" (L) during Amazon's Kindle Fire event in Santa Monica, California September 6, 2012.

"Amazon's a little bit more dynamic than Apple because the iPhone has become more mature".

Mourinho's smile returns after Burnley win
Manchester United must have won the game 3-0 had their World Cup victor with France, Paul Pogba converted it from a penalty United earned.

Federer on fire in US Open third-round win over Kyrgios
I don't want to change myself too much, but I could definitely take way things he does in certain situations. Serena Williams' yells of "Come on!" crescendoed right along with the tension in a fourth-round U.S.

Serena steers past Kanepi to reach US Open quarterfinals
Serena said she was too focused on her 6-1, 6-2 demolition of seven-time major victor Venus to notice them. I think what I have improved most is my fitness. "Coming back from a baby is hard, harder than I thought".

Amazon.com Inc (AMZN.O) on Tuesday became the second US company to reach $1 trillion in stock market value, just weeks after Apple Inc (AAPL.O) hit the same milestone on August 2. For added reference, the company's stock reached $1,000 in October of 2017, and broke $100 in October of 2009. The company has more than 487.7 million outstanding shares, according to its most recent financial filing. By early afternoon, Amazon's stock was trading at $2,030 per share, up less than 1 percent, putting its market cap at $990 billion.

"The difference between the two is that Amazon has room to grow within its two main businesses".

Amazon's astronomical growth from a small Seattle bookseller into one of the world's biggest companies has made its founder and chief executive, Jeff Bezos, easily the richest person in the world; as of Tuesday, the 54-year-old was worth more than $166 billion, according to Bloomberg's billionaires index.

'The company continues to experiment with new products and push into new geographies.

Recommended

  • Fuel price will rise next month despite government intervention

    Fuel price will rise next month despite government intervention

    He also said that the factors responsible for drop in production of crude oil have caused a spike in fuel prices in India. The recent slump in rupee also has lifted the import cost of crude oil, subsequently raising fuel prices .
    Imran Khan ropes in foreign experts to rebuild Pakistan's debt-ridden economy

    Imran Khan ropes in foreign experts to rebuild Pakistan's debt-ridden economy

    Mr Sidhu on Sunday said, "I will tell you why my hope about the improvement in relations of both the countries got strengthen". Under the deal, Iran undertook to put limits on its nuclear program in exchange for the removal of nuclear-related sanctions.
    Tottenham's Son secures military exemption after Korea win Asiad gold

    Tottenham's Son secures military exemption after Korea win Asiad gold

    South Korean law requires all able-bodied men to complete nearly two years of service in the nation's army, navy or air force. The striker scored South Korea's second goal as it knocked holder Germany out of the World Cup this summer.
  • Nike shares dip as Colin Kaepernick ad spurs boycott

    Nike shares dip as Colin Kaepernick ad spurs boycott

    Critics claimed Kaepernick was disrespecting the flag, the anthem and the military. "National Football League must respect this!" Kaepernick has filed a lawsuit against the NFL that alleges that league owners colluded to deny him a chance to play in the NFL.
    Nick Saban Apologizes To ESPN Reporter Maria Taylor After Game

    Nick Saban Apologizes To ESPN Reporter Maria Taylor After Game

    Nick Saban doesn't understand why everyone is so interested in the Alabama quarterback battle. I think both guys can help our team.
    Thousands pay their respects to US Sen. John McCain

    Thousands pay their respects to US Sen. John McCain

    When the speeches finished, Cindy McCain patted the casket gently, then pressed her cheek to the flag draped upon it. Biden said McCain "could not stand the abuse of power wherever he saw it, in whatever form, in whatever country".
  • Producer Slams NBC for Impeding Weinstein Story: ‘Massive Breach of Journalistic Integrity’

    Producer Slams NBC for Impeding Weinstein Story: ‘Massive Breach of Journalistic Integrity’

    Auletta, a mediawriter for the New Yorker , helped Farrow find a home for the reporting after he parted with NBC. NBC News President Noah Oppenheim told the Times that McHugh "was never told to stop in the way he's implying".
    Lewis Hamilton - Ferrari was just quicker at Monza

    Lewis Hamilton - Ferrari was just quicker at Monza

    But Hamilton's team-mate Bottas, who had yet to stop, played his role in backing Raikkonen up, and allowing Hamilton to close . Hamilton now holds a 30-point lead over Vettel in the drivers' standings heading into the Singapore Grand Prix.
    China's Silk Road project runs into debt jam

    China's Silk Road project runs into debt jam

    By comparison, its first Chinese loan was $620 million over 20 years at 2.85 percent, and it came with a seven-year grace period. At the last three-yearly gathering in Johannesburg in 2015, Xi announced $60 billion of assistance and loans for Africa .
  • United States  military to cancel $300mn Pakistani aid

    United States military to cancel $300mn Pakistani aid

    The strategy takes aim at Pakistan's nuclear weapons, which the United States fears could fall into the hands of terrorists. Pakistan has always been accused of using the Afghan Taliban to further its foreign policy interests in the country.
    Couple who crowdfunded $400K for homeless man ordered to pay up

    Couple who crowdfunded $400K for homeless man ordered to pay up

    Homeless veteran Johnny Bobbitt has filed a lawsuit against the New Jersey couple who raised money for him on GoFundMe. Promislo said earlier this month Bobbitt was back to living on the streets of Philadelphia "in harm's way".
    Roxanne Pallett has left 'Celebrity Big Brother'

    Roxanne Pallett has left 'Celebrity Big Brother'

    Clearly not content with offending viewers everywhere, she also took a pop at the livelihoods of people working in corner shops. He was reminded of the show's rules and given a formal warning. "I'm not questioning your integrity", Pallett replied.

Beat Nadal? -- 'I'm not sure,' says Thiem Beat Nadal? -- 'I'm not sure,' says Thiem But he had battled through two five-set clashes to make the last four and had no answer to Thiem, who won 7-5 6-2 7-6 (7/2). Nadal holds a 7 to 3 advantage, though Thiem did beat Nadal earlier this year at the ATP World Tour Masters 1000 in Madrid.

Biggest impacts from Gordon locally in the Gulf, near the coast Biggest impacts from Gordon locally in the Gulf, near the coast The Mississippi cities of Gulfport, Biloxi and Long Beach ordered mandatory evacuations of their harbors and marinas, and the U.S. Police planned to monitor the only highway to the mainland. "You don't know what the intensity of the storm is going to be".

Woodward book reveals 'crazytown' Trump White House Woodward book reveals 'crazytown' Trump White House Current Chief of Staff John Kelly told colleagues Trump is " unhinged " and "an idiot ", according to Woodward. That being said, the famed journalist claims they are done being silent about such a serious topic.

Tropical Storm Gordon track expected to bring winds to Sebastian, Vero Beach Tropical Storm Gordon track expected to bring winds to Sebastian, Vero Beach Rain and the flash flooding that can cause are the main threats expected from Gordon along with strong wind and storm surge. Gordon has been marching up from the Florida keys, lashing south Florida with rain and tropical storm-force winds.

John Millman shuts the US Open door on Roger Federer John Millman shuts the US Open door on Roger Federer A universally popular player who has built a successful career, despite several serious injury setbacks, on never giving an inch. It marked Federer's earliest US Open exit since he fell in straight sets to Tommy Robredo in the fourth round in 2013.

Nick Kyrgios slammed after pep talk by umpire at US Open Nick Kyrgios slammed after pep talk by umpire at US Open No. 14 seed Fabio Fognini of Italy was upset in the second round by 55th-ranked John Millman of Australia 6-1, 4-6, 6-4, 6-1. Many in the tennis world raised their eyebrows at the exchange and criticised the umpire for speaking to a player directly.

Alexandre Lacazette claims Arsenal players are 'learning like children' under Unai Emery Alexandre Lacazette claims Arsenal players are 'learning like children' under Unai Emery And Lacazette is happy to play alongside the Gabon global for Arsenal, despite the player often ousting him from Emery's team.

Kaepernick the face of Nike's 30th anniversary 'Just Do It' campaign Kaepernick the face of Nike's 30th anniversary 'Just Do It' campaign Chief Executive Officer Mark Parker apologized for the company's work culture in May to employees in a company-wide meeting. The person spoke to The Associated Press on condition of anonymity because Nike hasn't officially announced the contract.

White House withholds 100,000 pages of Kavanaugh's records White House withholds 100,000 pages of Kavanaugh's records The committee has had access to more than 415,000 pages on Kavanaugh's background, the lawyer said in the letter. Supreme Court nominee Judge Brett Kavanaugh is pictured on Capitol Hill in Washington, July 26, 2018.

Tropical Storm Gordon Is Real Rainmaker For South Florida Tropical Storm Gordon Is Real Rainmaker For South Florida Storm Surge Watch is in effect for.* Mississippi-Alabama border westward to the Mouth of the Mississippi River. Tropical Storm Gordon formed in the Florida Keys on Labor Day morning on its path into the Gulf Of Mexico.

The good, bad and confusing for surprising Rockets-Suns deal The good, bad and confusing for surprising Rockets-Suns deal Phoenix Suns forward Marquese Chriss , left, is guarded by Kings forward Skal Labissiere on December 12, 2017, in Sacramento. The Suns will receive power forward Ryan Anderson and rookie guard De'Anthony Melton, the 46th pick in the 2018 NBA Draft.

Aretha's lack of a will could make things rocky for heirs Aretha's lack of a will could make things rocky for heirs Aretha Franklin's friend Ron Moten , a MI businessman, gave the four sons some guidance in his speech at Friday's funeral. Musicians, family, friends and fans have said a final goodbye to Aretha Franklin at her funeral in Detroit .

Jose Mourinho: It's a very hard group for Manchester United Jose Mourinho: It's a very hard  group for Manchester United That has led to a furious dispute between Mourinho and executive vice-chairman Ed Woodward at the beginning of this season. However, a lack of signings should not be used as an excuse for the poor start to the season. "Absolutely top.

Daniel Candeias On Bench - Rangers Team vs Celtic Confirmed Daniel Candeias On Bench - Rangers Team vs Celtic Confirmed CONNOR Goldson admits Rangers were "killed" by the timing of the goal they conceded in the first Old Firm of the season. We believe if we turn up we can beat anyone - especially at Celtic Park.

Asian Games: Iran defeats South Korea to reach basketball final Asian Games: Iran defeats South Korea to reach basketball final At the AFC U23 Championship held in China in January, Vietnam lost to South Korea 2-1 in the group stages. Iran will face the victor of another semifinal game between China and Chinese Taipei.