2018-03-29 14:28:00 Thu ET
Share prices tumble for technology stocks due to Trump's criticism of Amazon's tax avoidance, Facebook user data breach of trust, and Tesla autopilot incidence. President Trump accuses Amazon of unfairly deferring U.S. tax payments via its European operational hub in Luxemburg. This key cross-border corporate scheme can be legitimate, but this tax scheme rings the alarm bell for the American, British, and other governments in light of borderline tax avoidance. Also, President Trump complains that U.S. Postal Service cannot make money because it fails to charge higher delivery prices on the single ecommerce giant Amazon.
Meanwhile, Facebook faces the Cambridge Analytica user data debacle, and U.S. senators are likely to grill Zuckerberg in his congressional testimony. Both these recent Amazon and Facebook crises trigger sharp share price declines among the top tech titans Facebook, Apple, Microsoft, Google, Amazon, Netflix, and Twitter (FAMGANT).
Tesla experiences an autopilot incidence in March 2018 where an autonomous car crashes into a nearby barrier before the driver switches off the artificial intelligence software to correct the car path. This new Tesla autopilot car crash aggravates the recent woes of Uber's prior autonomous car accident. Several tech stocks exhibit double-digits declines due to these recent crises. Major Asian stock markets suffer severe losses after U.S. tech share prices decline by a wide margin.
If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.
2018-01-29 07:38:00 Monday ET
President Donald Trump delivers his first state-of-the-union address. Several key highlights touch on economic issues from fiscal stimulus and trade protect
2019-11-15 13:34:00 Friday ET
The Economist offers a special report that the new normal state of economic affairs shines fresh light on the division of labor between central banks and go
2019-05-23 10:33:00 Thursday ET
Berkeley professor and economist Barry Eichengreen reconciles the nominal and real interest rates to argue in favor of greater fiscal deficits. French econo
2019-10-25 07:49:00 Friday ET
U.S. fiscal budget deficit hits $1 trillion or the highest level in 7 years. The current U.S. Treasury fiscal budget deficit rises from $779 billion to $1.0
2019-11-05 07:41:00 Tuesday ET
The Trump administration expects to reach an interim partial trade deal with China. This interim partial trade deal represents the first phase of a comprehe
2018-10-15 09:33:00 Monday ET
Several pharmaceutical companies now switch their primary focus from generic prescription drugs to medical specialties such as cardiovascular medications an