Online retail giant Amazon.com Inc.’s AMZN second-quarter results and third-quarter forecast sales last week were a bet that more consumers would start buying more things, but Wall Street’s expectations for the third quarter overall have only grown dimmer. With most of the 500 companies that make up the S&P 500 Index SPX already through the … Read more
Apple and Amazon’s earnings were a tale of two tech companies. Apple is stuck in a sales slump and investors are starting to get nervous. The company’s sales have now fallen for three consecutive quarters, and it expects another decline in the current quarter. Amazon, on the other hand, impressed with strong profits and better-than-expected … Read more
Elon Musk, no stranger to controversy, raised eyebrows when he said that his company bought $1.5 billion of Bitcoin. Shortly afterward, he confirmed that people can buy Tesla cars with Bitcoin. A payment system to make exchanges like this possible is springing up. Between credit card companies, banks, and hybrids like PayPal , room is … Read more