Elon Musk on Thursday tweeted that he thinks it’s time to break up Amazon.
“This is insane @JeffBezos,” Musk said, tagging the Amazon CEO. “Time to break up Amazon. Monopolies are wrong!”
His tweet was directed at former New York Times reporter Alex Berenson and Amazon CEO Jeff Bezos after Berenson published a screenshot showing that his upcoming book about Covid-19 doesn’t meet Amazon guidelines for sale.
U.S. stock futures rose in overnight trading as Wall Street continues to rally on optimism over economies emerging from coronavirus-led shutdowns.
Dow futures rose more than 100 points, indicating a gain of 0.35% at the open on Wednesday. The S&P 500 and Nasdaq were also up, indicating gains of 9 points and 23 points, respectively.
Global stock averages have been captured by an extremely volatile environment for both shorter-term traders and long-term investors since 2019, with the focus last year very much on the trade dispute between the United States and China.
The S&P 500 gained 0.8% to close at 3,080.82, reaching its session high with less than 30 minutes left in the session. Tuesday’s gains put the S&P 500 up more than 40% from its late-March intraday low.
The coronavirus pandemic may have brought most of the global property market to a standstill but in Sweden, which never fully went into lockdown, a village has gone up for sale for 70 million Swedish krona ($7.3 million).
Alibaba’s Jack Ma, China’s richest man, is stepping down from the board of SoftBank on June 25.
SoftBank’s Vision Fund reported losses of $18 billion on Monday, while the SoftBank Group as a whole had losses of $13 billion.
Big bets on companies like Uber, WeWork and Oyo have not paid off for the SoftBank Vision Fund.
The price action over the past few days has undoubtedly been positive for Bitcoin. After bottoming at $8,180 on the day of the block reward halving, the cryptocurrency has shot higher, approaching $9,900 just hours ago.With the price now consolidating around $9,800, analysts are hopeful that BTC will break past $10,000.
Among the winners is the Vanguard Mega-Cap Growth ETF, made up of large companies viewed as having the most reliable future growth and profitability in these uncertain times.
Global markets rose on Friday despite mounting economic damage from the coronavirus pandemic, as tensions eased between the White House and Beijing.
Share prices on Wall Street and in Europe ended the week on a high amid rising hopes that lockdown measures could be lifted soon to reboot growth and that a full-blown global trade war could be averted.
The Dow Jones Industrial Average and S&P 500 fell for the first time in three days on Wednesday as investors weighed the prospects of reopening the economy along with a dismal report on U.S. payrolls.
