prensaestatal.com
prensaestatal.com Abril 20, 2018


Amazon Shares End Decline Despite Another Trump Threat

05 Abril 2018, 08:58 | Gervasio Siguenza

Inc’s latest fulfilment centre

Inc’s latest fulfilment centre

Citing an unspecified report, Trump told reporters at the White House that the company was not paying the U. S. Postal Service a fair rate, and that it was costing U.

And while the post service has been running at a loss for more than a decade, Variety says that is more to do with federal orders to cover billions in pension and health-care costs.

The BBC reported that it was "unprecedented" for a sitting U.S. president to "single out" and attack a single company like this. "The record is clear: deviating from those processes undermines economic growth and job creation".

"Trump's distortions don't add up and are worthy of Three Pinocchios", said a Washington Post article, assessing the president's latest statements.

Amazon and Google already face off in the public cloud computing space, so the two companies should be accustom to battling it out for control of a key tech business. Trump has previously criticised automakers, Carrier Corp, which is owned by United Technologies and Boeing. According to Time, the only major toy seller left is Amazon, whose toy sales grew almost 12% in 2017.

The company's stock ended Monday's trade with a 5.2% drop in value after Trump's comments. Bezos, who also serves as the CEO of Amazon, has suffered a decrease in his own net worth, too. The S&P technology sector was down 1.32 percent, which caused the index to realize its worst monthly average losses in nearly two and a half years. Trump tweeted on Thursday.

Facebook stock continues to struggle as the company is still dealing with last month's data scandal. He criticized it last week over taxes.

He doubled down Tuesday morning with another attack on Amazon, criticizing the Post Office for being Amazon's "Delivery Boy" that is costing taxpayers "massive amounts of money". Or it may just be that we are looking back to when presidents, out of respect for the role businesses play in society, weren't known for singling out specific companies for repeated criticism.

According to the Citigroup study, the Postal Service loses an average of $1.46 on each package in its "competitive products" service, which includes all parcel services for retail customers and business clients, which not only includes Amazon, but also other large retailers like Walmart and eBay.

The tweets were published following an Axios report on Wednesday, March 28, stating that President Trump "hates Amazon", with unnamed sources reporting the President's expressed desire to "go after Amazon with antitrust or competition law".



Otras noticias

Tendencias Ahora

Mark Zuckerberg disavows Facebook's leaked memo saying all user growth is good
Depending on how much information you've posted or shared with the site, it may take several hours to complete this process. Cambridge Analytica's data misuse may ultimately have had little effect in influencing elections in the U.S. or elsewhere.

How Max Holloway makes weight in five days
Penn, Conor McGregor and Georges St-Pierre as the only fighters to hold world title in multiple weight classes. At one point Nurmagomedov is seen holding Lobov by the face and speaking at him in an angry tone.

China says it imposed tariffs on US duties to protect national interest
After China's latest move to hit back on Wednesday, Hong Kong's benchmark Hang Seng Index slumped, closing down more than 2%. The Ministry of Commerce (MofCom) said it "will soon take measure of equal intensity and scale against USA goods".

Sergio Garcia finds life good as defending Masters champ
He's listed as one of the co-favorites, even though the last of his 14 major titles came almost a decade ago at the U.S. The 82nd Masters tees off Thursday from both the most storied and exclusive golf course in the USA, Augusta National.

Superb Liverpool Take Big First-Leg Lead Against Man City
Liverpool have one foot in the Champions League semi-finals after their stunning 3-0 win over Manchester City at Anfield . They were as far as the eye could see, and louder than imaginable, clothed by red smoke and committed to their cause.

Rams trade for Brandin Cooks
Seeing Cooks dealt again so soon is stunning, but perhaps nothing should surprise us when the Rams and Patriots are involved. And according to Patriots reporter Jeff Howe, the Rams have already looked into giving Cooks an extension beyond 2018.

OnePlus Confirms Six Moniker for Its Next Smartphone
According to our source, the OnePlus 6 will be costlier this year, starting at a price of 3299 Yuan ($523) for the 64GB version. Co-founder Carl Pei had acknowledged during the launch event that the specs of the OnePlus 5T were leaked all over the place.

The President Is Hitting Amazon With Some Claims That Are Flat Wrong
The president took issue with Amazon's tax treatment, use of the US Postal Service, and negative effects on other retailers . However, items sold by third-party vendors may have different arrangements for how they distribute their goods.

Honduras strikes back at Trump's threat over migrant 'caravan'
Ambassador Gutiérrez called it a "daunting task" to address immigration "not only between Mexico and the US , but regionally". Migrants who have participated in past caravans said some have reached the United States but failed to enter the country.

Dublin woman remembers meeting Dr. Martin Luther King Jr. in college
If the council doesn't act, religious leaders said they'll start a petition and let voters decide - something U.S. The motel was built in the 1920s and in 1945, Walter and Loree Bailey purchased it, naming it after Mrs.