What Is Articles

Amazon, the US retail giant, has revealed it’s lost nearly $500m in the past three months, the largest amount in its history.

Jeff Bezos, Amazon’s chief executive and founder, has authorized the company to spend tens of millions of dollars developing drones, which could form the backbone of a new delivery network, and much more on new servers for Amazon Web Services, its online data storage business.

In the past, Amazon’s investors have been patient with Mr Bezos’ strategy, on the basis that any money it spends on growing its market share now will lead to riches down the line, on a par with Apple and Google which make billions of dollars every quarter.

However, Amazon’s losses have widened, stretching their patience to breaking point.

Talk to us to get get FREE signals and start earning now: 

Other top stories:

Trade Balance (NZD)

Unemployment Claims (USD)

Retail Sales (GBP)

Follow us and SHARE this story on Facebook/Twitter:

Asian stocks fell Thursday after another slump in oil prices dragged Wall Street lower and China's manufacturing output grew at the slowest pace in five months.

CHINA ECONOMY: A preliminary reading of China's massive manufacturing industry for October provided mixed messages.

ENERGY: Oil prices extended losses after the US Energy Department reported an increase in oil inventories that was far larger than expected.

BIG EARNNGS: Later in the global day, major U.S. companies such as Microsoft, 3M, Amazon.com, Caterpillar and United Continental will be releasing earnings reports. Asian companies, including major Japanese names such as Toyota Motor Corp., are releasing their reports later in the month.

Talk to us to get get FREE signals and start earning now: 

Other top stories:

French Flash Manufacturing PMI (EUR)

RBA Gov Stevens Speaks (AUD)

Overnight Rate (CAD)

Follow us and SHARE this story on Facebook/Twitter:

Coca-Cola said it plans to slash costs by $3 billion a year after the world's biggest beverage maker reported disappointing sales on flat soda volume.

The maker of drinks including Powerade, Sprite and Diet Coke said the savings will help fund the marketing that's needed to drive up sales.

As sales of their drinks have slowed, Coca-Cola and rival PepsiCo have both sought to improve their financial performance by trimming costs. In the US, they're also trying to boost sales by pushing "mini-cans" positioned as a way to control portions.

Trading Tip: This can greatly affect the Coca Cola share. Keep an eye out for more news.

Talk to us to get get FREE signals and start earning now: 

Other top stories:

MPC Official Bank Rate Votes

MPC Asset Purchase Faciliy Votes

Fed Chair Yellen Speaks

Follow us and SHARE this story on Facebook/Twitter:

The dollar was flat against the yen on Friday, with the dollar pressured by weakness in the Nikkei Stock Average as a result of investors trying to avoid risk.

The dollar maintained its overnight strength against the yen earlier in the session, following bright US indicators such as weekly unemployment claims, industrial output and the Federal Reserve Bank of Philadelphia’s business activity index.

But the dollar gave up earlier gain later on as stock market weakness invited buying of the Japanese currency, which is considered a safe haven in times of financial instability.

Talk to us to get get FREE signals and start earning now: 

Other top stories:

Core CPI (CAD)

Core Retail Sales

Asia Stocks and Dollar Stabilize

Follow us and SHARE this story on Facebook/Twitter:

Asian stocks regained some stability on Wednesday following days of big losses, but the feeling remained fragile as not so good Chinese inflation data and sadness in the euro zone economy added to signs of an uncertain global economic recovery.

The dollar steadied after disappointing data out of Germany. “For now the market has calmed and there's some short relief. It's a natural rebound," said Takashi Hiroki, chief strategist at Monex in Tokyo.

Concerns over faltering global growth triggered a bruising selloff in global equity markets in the past week as a run of weak data showed no signs of lessening.

Talk to us to get get FREE signals and start earning now: 

Other top stories:

Claimant Count Change

Average Earnings Index

ECB President Draghi Speaks

Follow us and SHARE this story on Facebook/Twitter:

The price of crude oil fell to a new three-year low Monday as a split between the world’s most important producers on how to share the pain of lower prices becomes increasingly apparent.

Saudi Arabia is ready to accept a price of $80, according to a weekend report.

Saudi Arabia is the largest producer in the Organization of Petroleum Exporting Countries, the cartel which produces a third of the world’s oil supply and essentially keeps the balance of supply and demand in the market. As Saudi Arabia can undercut almost every other country if it wants to, it has a huge influence on regulating OPEC’s overall supply.

The price of the world’s most important commodity is under pressure from both directions: demand is weakening as the European and Chinese economies slow down, while global supply is increasing as Iraqi and Libyan exports rebound from war-related disruptions. In addition the US pumps ever more oil from shale deposits while the long-term demand outlook is also looking rockier, because of new technologies such as electric cars.

Trading Tip: If the situation ni Europe and Asia won't get better soon, we might see the oil's price keep declining.

Talk to us to get get FREE signals and start earning now: 

Other top stories:

Yen and Euro Rise Against Dollar

NAB Business Confidence (AUD) - 13/10

iPhone 6 Helps China's Export

Follow us and SHARE this story on Facebook/Twitter: