The brief, contentious engagement of Amazon and New York City ended abruptly this week, with Amazon deciding that its choice of New York as a site for a new headquarters was not right after all, and that what the company had wanted wasn’t in the cards.Read More
The past three months have not been kind to large public technology companies. Amid crescendos of criticism about monopolistic power, these companies saw their market value plummet. The rampant selling has leveled off, at least for the moment, so it’s an opportune time to ask: What comes next?
As public attitudes towards Silicon Valley and Big Tech continue their rapid pivot from admiration to vilification, the current occupant of the White House has sought to lead the chorus. Several weeks ago, he launched a tweet-driven crusade against Amazon and CEO Jeff Bezos, accusing the company of ripping off the US Postal Service and harmingRead More
With the S&P 500 up nearly 10% for the year through mid-June, many investors are nervous about what lies ahead. Even more nerve-wracking is that an outsized portion of the total returns have been generated by just a few stocks.Read More
News that Amazon intends to buy Whole Foods Market for more than $13 billion was greeted jubilantly by financial markets, with Amazon’s stock rising 2.5 percent, almost enough to cover the entire purchase. At the same time, the shares of other grocery retailers, ranging from Kroger’s to Walmart,Read More
Recent volatility notwithstanding, what has been striking about 2016 as an investing year is how relatively good it has been. In fact, the return on a diversified portfolio this year is competitive with many major asset classes, and has restored (for now) some confidence in the age-old mantra of diversification being among the most prudent of investing strategies.Read More
The recent news of the opening of an independent bookstore on Manhattan’s Upper West Side was greeted with surprise and delight, since a neighborhood once flush with such stores had become a retail book desert. The opening coincides with the relocation of the Bank Street Bookstore near Columbia University, leading the New York Times to declare, “Print is not dead yet — at least not on the Upper West Side.”Read More
Reuters Columnist Zachary Karabell has the latest on what you should really fear when it comes to other organizations using your data.Read More