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Over 70% of global organizations are deploying or researching cloud services and are likely to move increasing applications to the cloud.
Amazon still knows it's Amazon. But, it best watch it back.
Aug.21 -- Amazon.com Inc. today opened its largest campus building globally in the south Indian city of Hyderabad as it prepares for a furious expansion and battle with nemesis Walmart Inc. in one of the world’s fastest-growing retail markets. Bloomberg's Brad Stone has more on "Bloomberg Technology."
Toll Brothers, Cree, Alibaba, Disney, Sony and Helios and Matheson Analytics are the companies to watch.
The Zacks Analyst Blog Highlights: China Life Insurance, JD.com, Qudian, China Southern and Sinopec Shanghai
Since August 14, Amazon (AMZN) has risen 3.4%. In the same period, the SPDR S&P; 500 ETF (SPY) has risen 3.0%. Let's see why AMZN outperformed.
President Trump thinks that the warnings about a US economic slowdown or even a recession are a conspiracy. He thinks that economic warnings are fake news.
We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be...
Brazil’s nationalist president Jair Bolsonaro said on Thursday his government lacked the resources to fight and investigate wildfires in the Amazon after satellite images showed swaths of rainforest burning at an unprecedented pace, prompting anger at his stewardship of the environment. Speaking in front of reporters in Brasília, Mr Bolsonaro said the government was investigating the fires and suggested that non-governmental organisations may have been behind them. Everyone is suspicious, but the biggest suspicion comes from NGOs,” Mr Bolsonaro said.
in an attempt to stamp out surveillance of European citizens. The European Commission is planning regulation that will give EU citizens explicit rights and limit “indiscriminate” use of facial recognition technology by companies and public authorities, senior officials told the FT.
(Bloomberg) -- Want to receive this post in your inbox every day? Sign up for the Balance of Power newsletter, and follow Bloomberg Politics on Twitter and Facebook for more.A key question for this weekend’s Group of Seven summit in France is — does the meeting matter anymore? And if so, in what way?As Tim Ross, Gregory Viscusi and Arne Delfs point out, multilateralism, the global architecture that arose from the ashes of World War II, is waning with leaders like U.S. President Donald Trump and newly minted U.K. Prime Minister Boris Johnson. The nationalist mood sweeping many countries has seen coordinated discussion on the economy and issues like climate change dissipate.But even as Trump rewrites the rules for these international meetings (farewell formal communiques), the G-7 in Biarritz was one summit where he most risked feeling isolated. Of the seven leaders, at least four — France, Germany, Canada, Japan — have defended the global order. Trump found more of his “spirit animals” at the recent G-20 in Japan, where he hung out with strongmen from Russia, Saudi Arabia, Turkey, Brazil and China.He may encounter more sympathetic souls among other leaders invited onto the summit’s sidelines at the French resort. That list includes the right-wing premiers of Australia and India, plus Spain, Chile, Egypt and Senegal.The attention Trump devotes to them may show whether he considers the G-7 gang to be any longer the cool kids of geopolitics in this populist era. Global HeadlinesTough talk | After dinner last night in Berlin with Angela Merkel, Johnson is in Paris today for talks with Emmanuel Macron. If the German chancellor was prepared to entertain the idea of a last-minute Brexit deal — she floated, possibly with a raised eyebrow, the idea that the tricky stuff could be fixed in 30 days — the French president is likely to be blunter. France said yesterday a no-deal Brexit is now its working assumption.Cold shoulder | North Korea warned it wouldn’t talk under U.S. “military threats,” raising new doubts about Trump’s effort to restart nuclear negotiations even as his top envoy visited Seoul. The regime denounced fresh U.S.-South Korean military moves as a “grave provocation,” undercutting the president’s assertion that Kim Jong Un would warm to talks after the drills concluded earlier this week.Just In: South Korea announced it’s ending a military intelligence-sharing pact with Japan, creating “significant changes” in security cooperation. It’s the latest twist in a deepening dispute between the two Asian nations.Click cash | Launched in 2004 in part to battle big money’s influence in politics, an online platform called ActBlue is for the first time the main fundraising tool for each of the 2020 Democratic presidential campaigns. Why? Chief executive officers, lawyers and other deep-pocketed donors like the convenience of a one-click stop.Click here for a closer look at liberals’ efforts to repeat Alexandria Ocasio-Cortez’s stunning 2018 Democratic primary victory by ousting other incumbent Democratic lawmakers. Stay on top of the latest developments in the 2020 White House race with Bloomberg’s Campaign Update.China’s warning | Companies who do business with China are going out of their way to avoid offending the Communist Party after Beijing clamped down on Cathay Pacific Airways this month when its employees participated in Hong Kong protests. Firms including accounting giants KPMG and PwC are instructing employees to avoid speaking on behalf of the company in public, raising questions about the price of access to Asia’s biggest economy.Brazilian firestorm | As the Amazon burns at a record rate, President Jair Bolsonaro is accusing non-governmental organizations of setting the fires to discredit him, without offering evidence. His allegation comes as he faces intense pressure to contain the blazes in the world’s largest rainforest, as plumes of smoke cast parts of the country into apocalyptic darkness.What to WatchItalian President Sergio Mattarella meets with key political leaders today in an effort to carve out a viable coalition after the government collapsed this week. Central bankers including Fed Chairman Jerome Powell gather today for their annual Jackson Hole symposium, amid Congressional Budget Office warnings the U.S. budget deficit is growing faster than expected as Trump’s trade war with China weighs on the economy.And finally … A new front in the global trade war is threatening to open — over palm oil. Indonesia, the world’s top producer and consumer, is joining Malaysia in removing anti-palm oil products from grocery-store shelves. They are weighing retaliatory action against the European Union, including a push by Jakarta to halt domestic purchases of Airbus aircraft, after the bloc decided to place stricter limits on the tropical oil’s use in biofuels on concerns over deforestation. \--With assistance from Karl Maier, Kathleen Hunter, Ruth Pollard and Robert Hutton.To contact the author of this story: Rosalind Mathieson in London at firstname.lastname@example.orgTo contact the editor responsible for this story: Anthony Halpin at email@example.comFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- ActBlue, the online money machine, was designed to fuel Democratic politics through small-dollar donations. But it turns out that chief executive officers, lawyers and other deep-pocketed donors like the convenience of a one-click stop to max out on contributions in the presidential nomination contest.While two-thirds of the money flowing through the platform came from millions of donations in amounts of $200 or less, thousands of contributors used ActBlue to give candidates the maximum amount allowed, Federal Election Commission data shows. That made the organization a conduit for the big donors and bundlers whose influence it says it wants to reduce.“We certainly should not expect a major change in the types of people who give to campaigns just because there’s a more convenient way of doing so,” said Matt Grossmann, a political scientist at Michigan State University.Launched in 2004 in part to battle the influence of big money in politics, ActBlue is for the first time the main fundraising tool for each of the Democratic presidential campaigns.ActBlue’s mission is to make it easier for individuals to contribute to candidates and causes, and it’s processed a total of $3.7 billion in that time. Of the $212 million that the 2020 Democratic presidential candidates collectively raised through the second quarter of 2019, about 75% came through ActBlue.Executive director Erin Hill said in an email that ActBlue’s average donation in 2019 is $32.99. “Our mission has always been about empowering small-dollar donors and grassroots giving,” she said.Yet the ease of using ActBlue to contribute has appeal well beyond small-dollar donors, as is apparent in the FEC data.Although campaigns have touted the online donations they’ve received from public schoolteachers, Amazon.com Inc. warehouse workers and Walmart Inc. employees, donors identifying themselves as lawyers gave more money -- $9.9 million -- than those specifying any other occupation.Top executives gave more money, $1.7 million, than nurses, who gave $1.4 million. They included Joshua Bekenstein, co-chairman of Bain Capital Inc., Seth Klarman of the Baupost Group LLC and Ralph Schlosstein of Evercore Partners, along with heads of much smaller firms and some nonprofit organizations.Klarman gave $5,600 -- $2,800 for both the primaries and the general election -- to Pete Buttigieg, Amy Klobuchar and Michael Bennet using ActBlue, while Schlosstein used the platform to give $2,800 to Joe Biden, Cory Booker, Beto O’Rourke and Klobuchar, and $5,600 to Bennet. Bekenstein gave $2,800 to Klobuchar.“The wealthiest donors also want to be able to make a donation with one click,” said Sheila Krumholz, executive director of the non-partisan Center for Responsive Politics, which studies the role of money in the political process.Krumholz says that most of the Democratic field is trying to gather as many donations as possible from small-dollar donors, while also maximizing outreach to major donors. The notable exceptions are Bernie Sanders and Elizabeth Warren, both of whom have sworn off fundraisers with deep-pocketed contributors.Most candidates’ ActBlue numbers reflect the dual strategy. A little more than a third of the presidential campaign donations came from addresses with zip codes where mean household income is in the top 20% – about $214,000 in 2016, the most recent year for which tax data is available. Those with an average income of around $59,000 provided 29%.Through June, 44% of Buttigieg’s donors using ActBlue came from zip codes in the top income group, the highest proportion among candidates who have raised more than $10 million. Kamala Harris was second, at 42%, followed by Biden at 38% and O’Rourke at 37%. That’s in sharp contrast to Sanders, who got 43% of his contributions from addresses in middle income areas. Just 17% of his contributions came from top income areas.Warren, who announced that she was abstaining from big-dollar fundraising in February, also got the biggest share, 31%, of her money from the middle income group, while those living in zip codes in the top income areas gave 29%. Her biggest support came from the group between the two, who donated 33% of her total.In the 10 most generous zip codes, a little more than 1,500 donors giving $1,000 or more accounted for 56% of the total. More than 60,000 small-dollar donors combined to give 30%.Among the big givers were Mark Gallogly and Jeffrey Aronson of Centerbridge Partners, Andy Spahn, a Los Angeles-based Democratic bundler, and Daniel Cruise, the chief public affairs officer at Juul Labs Inc. All earmarked their contributions to presidential candidates through ActBlue.ActBlue has drawn in some very small-dollar donations – nearly 10% came in amounts of $3 or less, in part fueled by candidates’ need to add 130,000 unique donors to qualify for the debate in Houston next month. Some $2 million of those minimal donations went to Sanders, who has the highest number of unique donors.Grossmann says that Sanders, the self-described Democratic Socialist, is enjoying the benefits of the broad, small-dollar donor base he built in 2016, but he’s seeing far less than other candidates from traditional donors.Krumholz said ActBlue has had the biggest effect on campaigns like those of Warren and Sanders, who can forgo the time-consuming process of raising money from smaller numbers of donors by relying on the online platform. She added that she isn’t persuaded that it’s changed the makeup of donors.“It’s simply a mechanism that both candidates and donors find useful,” she said.To contact the reporter on this story: Bill Allison in Washington at firstname.lastname@example.orgTo contact the editors responsible for this story: Sara Forden at email@example.com, Wendy Benjaminson, John HarneyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- Amazon.com Inc., criticized for wielding too much power over third-party merchants on its marketplace, said it will spend some $15 billion this year to help them boost sales.The sum, which Amazon hasn’t previously disclosed, includes spending on portions of the company’s warehouse network dedicated to storing and shipping sellers’ items as well as salaries for the engineers, managers and support staff who operate the digital marketplace and deal with individual merchants. It also includes the cost of developing new services, such as a dashboard that helps sellers decide what new products to carry, and a revamped training program.Nicholas Denissen, a vice president, declined to say how the company’s anticipated $15 billion in spending had changed from 2018 or what portion of Amazon’s companywide expenses it represents. “I would say it’s a lot of money,” he said.Besides buying and selling goods itself, Amazon has for more than a decade rented space on its website to third-party sellers -- many of them mom-and-pop merchants -- who last year accounted for 58% of the company’s unit sales.Many of these sellers have built profitable businesses on Amazon, but some have complained in recent years about the rising costs of using the company’s logistics network and buying ads to stand out on the increasingly cluttered website. Some have tried to reduce their reliance on the site by selling their wares on Walmart.com and EBay but are resigned to the fact that Amazon generates most of their sales.Denissen said Amazon has been responsive to seller feedback. “I can’t think of one meeting or one day I’ve been in where somebody isn’t obsessing or fighting on behalf of selling partners,” he said.The Seattle-based company’s relationship with independent sellers has also drawn scrutiny amid a broader examination of whether U.S. tech giants are violating antitrust law. The European Union is investigating whether Amazon is shortchanging smaller merchants. In the U.S., the Federal Trade Commission has spoken to at least one Amazon seller, and the regulator’s chairman said he would be interested in hearing from more.Amazon in the last few years has made merchants fixtures of its marketing and lobbying campaigns, an effort to portray itself as a friend of the little guy rather than a behemoth putting Main Street shops out of business. Denissen, who for the last few years oversaw new programs geared toward small- and craft-sellers as vice president of “marketplace business,” took on a new title in July as VP of “small business.”“Think of me a little bit as the voice of small businesses,” inside Amazon, he said.This year the company rolled out reduced storage fees for sellers who take Amazon’s suggestions on inventory levels and a program that automates pricing while guaranteeing merchants a minimum price. One service, a seller performance dashboard, is designed to warn sellers who aren’t meeting Amazon standards before cutting them off. The company has released more than 150 new tools, including programs made widely available after initial launches in the U.S.“Their success is our success,” Denissen said of Amazon’s sellers. “We’d be more than stupid to not listen to them, or ignore any concerns that they have.”To contact the reporter on this story: Matt Day in Seattle at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Robin Ajello, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
At the Credo “clean beauty” store in San Francisco’s upscale Pacific Heights neighbourhood, McKenzie Hunt is racking up sales. “Shade matching is like my superpower — to match anyone,” said Ms Hunt, a make-up artist and store manager. Ms Hunt is chatting to a client in Boston, and their conversation is taking place on an iPad.
(Bloomberg) -- Brazil’s Amazon is burning at a record rate, according to data from the National Institute of Space Research that intensified domestic and international scrutiny of President Jair Bolsonaro’s environmental policies.INPE, as the institute is known, recorded an 84% increase in fires in Brazil between 2018 and 2019, most in the Amazon rainforest. It was the highest level in seven years of record keeping. Bolsonaro said Wednesday without offering evidence that NGOs could be setting the blazes to discredit him.The president has come under intense pressure to contain the fires raging through the world’s largest rainforest, many set by loggers incentivized by his government. One catalyst: the apocalyptic darkness that gripped the megalopolis of Sao Paulo on Monday afternoon, unnerving locals and triggering a fierce scientific debate over its cause. Some researchers blamed the gloom on a cold front coupled with smoke from Amazon blazes over 1,000 miles away. The hashtag PrayforAmazonia has dominated social media in Brazil over the past few days.For those living in the Amazon, the smoke is intense. Moises Fernandes, an agronomist and consultant in the state of Rondonia said that it’s been several days since he’s been able to see the river that lies just 450m away from his apartment.The fires are not in the interests of large-scale landowners who own cattle that need to graze, and are mainly caused by smallholders in the region to recover their fields. “The small-scale producer is the one burning,” he said. “He burns because he doesn’t have access to technology, means of production, technical assistance so he winds up doing that.”Fernandes says that oversight has decreased over recent years but the problem is not new, and not limited to this government.Record Fires“It’s normal to see fires at the end of the dry season,” Celso Oliveira, a meteorologist from Somar Meteorologia in Sao Paulo, said, adding that many parts of the country had gone three to six months without rain. “But there are also many fires caused by people clearing pasture and planting soybeans. There’s a lot of pressure on the Amazon region.”Oliveira, however, dismissed suggestions that the eerie darkness that descended on Brazil’s most populous city had anything to do with the fires in the Amazon, pointing to official data showing good air quality in the area. “The gloom has no relation to the smoke, it happened because of the enormity of the clouds,” he said.Regardless of the exact cause of Monday’s strange weather, the event has drawn attention to Bolsonaro’s environmental policies. The president has spoken repeatedly of his desire to develop the Amazon economically and integrate the indigenous people living there into contemporary Brazilian society.He also recently fired the head of INPE, Ricardo Galvao, after dismissing data showing an 88% rise in deforestation between June 2018 and June 2019 as “lies”. Galvao’s replacement said that climate change “is not my thing”.The president recently dismissed European leaders’ concerns about his government’s environmental policies after Norway followed Germany and froze millions of dollars in financial aid to an Amazon rainforest preservation fund.No ReliefThere’s little prospect of a sudden change in the weather putting out the fires. Brazil has been drier than normal and there doesn’t look to be any real relief until the rainy season starts in December, said Jason Nicholls, a meteorologist with AccuWeather Inc. in State College, Pennsylvania.Any hope for an early start to the rainy season faded when an El Nino in the equatorial Pacific ended, Nicholls said. With the Pacific closer to normal it could even mean a delay for the annual onset of rains across the region.“I really don’t see any prospects of the rainy season kicking in earlier,” Nicholls said. “There will be very little help from Mother Nature over the next two or three months or so.”\--With assistance from Simone Iglesias, Brian K. Sullivan and Murilo Fagundes.To contact the reporters on this story: Tatiana Freitas in São Paulo at firstname.lastname@example.org;David Biller in Rio de Janeiro at email@example.comTo contact the editors responsible for this story: Juan Pablo Spinetto at firstname.lastname@example.org, Bruce DouglasFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.