Amazon.comâs last bear has given up. Allen Gillespie came into this week the only one of 55 financial analysts tracked by Bloomberg with a âsellâ rating on the companyâs shares. In a note to clients July 30, he upgraded the retail and technology giant to âhold.â
August 2, 2019Search
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Commodities Roiled as Trump Pours Gasoline on Trade War Inferno
Raw materials are reeling after President Donald Trump threatened new tariffs on Chinese goods, dashing hopes that the two sides might soon negotiate an end to the trade war thatâs sapping global growth and demand for commodities.
August 2, 2019XPO Reports Mixed 2Q Financials
Global freight transportation and logistics provider XPO Logistics reported mixed financial results for the second quarter Aug. 1.
August 2, 2019Maersk Plunges as Investors Dump Trade Icon on Trumpâs Tweets
Shares in A.P. Moller-Maersk A/S, the worldâs largest container shipping line, plunged the most in two months after President Donald Trump escalated his trade war against China.
August 2, 2019FBI: Amazon Drivers Part of Major Theft Ring
SEATTLE â A theft ring in Washington state sold millions of dollarsâ worth of stolen goods on Amazon.com in the past six years, and a pair of Amazon delivery drivers was involved, recently unsealed federal court documents show.
August 1, 2019Trump Ratchets Up China Trade War With New Tariffs
President Donald Trump abruptly escalated his trade war with China, announcing that he would impose a 10% tariff on $300 billion in Chinese imports that arenât yet subject to U.S. duties after setbacks in negotiations with Beijing.
August 1, 2019China, US Plan Next Round of Trade Talks for September
U.S. and Chinese trade negotiators plan to meet again in early September, as the latest round of negotiations ended with few signs of concrete progress.
July 31, 2019C.H. Robinsonâs Net Income Up 6.3% in 2Q
C.H. Robinson Worldwide reported net income for the quarter ended June 30 came in at $169.2 million, up 6.3% from $159 million in the second quarter a year ago.
July 31, 2019Trade Group Targets Federal E-Commerce Bid It Says Favors Amazon
A trade association representing wholesale distributors is pressuring lawmakers not to approve increased government spending on a highly lucrative e-commerce contract the group says favors Amazon.com.
July 31, 2019Hub Group Reports Record Earnings Per Share for 2Q
Hub Group announced net income of $29.2 million, or earnings per share of 87 cents, for the second quarter ended June 30, according to an earnings release.
July 30, 2019