Disclosure: I am in full compliance with all ethics and other policies for Market Realist research analysts. I am not invested in securities that I cover on Market Realist.
Author: Shankar Narayanaswamy Iyer
Shankar has over a decade of experience in investment banking and financial services. He has previously worked with Lehman Brothers, Deutsche Bank AG, and Standard Chartered Bank. He has also cleared the CFA Level I and CA Inter exams, and he has a strong background in financial statement analysis and market research.
Some prominent market personalities, such as Leon Cooperman, chair and CEO of Omega Advisors, feel that the Fed's rate cut decision was unnecessary.
The German Labour Ministry has proposed a new law to safeguard parcel delivery drivers. The law could have a direct effect on Amazon's business in Germany.
The Fed is expected to revise lending rates this week. Berkshire Hathaway CEO Warren Buffett has advised investors not to worry about the Fed’s decision.
According to the Wall Street Journal, Amazon made back-end changes for the benefit of selected vendors on its website. Amazon has denied the claim.
Google has agreed to make a one-time settlement of over $945 million euros to the French ministry. The ministry accused Google of evading taxes.