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Amazon is the world’s largest online retailer. But Amazon competes on low prices, meaning the company’s profit margins are slim, leading to surprisingly small profits in relation to other tech giants. Amazon has come up with creative solutions such as cloud hosting through AWS and subscription revenue in the form of Amazon Prime. And while Prime has been great for customers, it’s about to get even better for sports fans with Amazon in talks to stream live sports.. Why would Amazon streaming live sports make such a big difference for the company?
Read The Capitalist’s Take Here
Read More at USA Today
Read More at Reuters
TRUMP RETREATS OFF THREATS; NOW SAYS NOT TO PROSECUTE CLINTON
President-elect Donald J. Trump repeatedly called Hillary Clinton “Crooked Hillary,” and many of his fans chanted over and over again at his campaign rallies: “Lock her up!” But on Tuesday, Mr. Trump essentially said never mind, signaling that he has no intention of directing investigations into his former rival’s use of a private email server or the financial operations at the Clinton family’s global foundation.
Read More at New York Times Here
Read More at CNN Here
Read More at USA Today Here
STARBUCKS QUIETLY RAISES PRICES ON COLD DRINKS
A Starbucks spokeswoman confirmed on Monday that the company raised some of its prices in the 48 hours following the U.S. presidential election results. Speaking to finance publication The Street, a spokesperson for the company reported a price increase of between 10 and 30 cents on selected cold brews, cold drinks, and baked goods, effective Nov. 10 at most stores.
Read More at Fortune Here
Read More at CNN Here
Read More at CNBC Here
Closing Bell
– Tuesday, November 22nd
Dow Closes Above 19000 For the First Time as Markets Close Higher Led by Telecoms
Big Insider Trades
– Snap-on, Inc. (SNA) President Nicholas Finchuk Sells $3.5m
– Flexion Therapeutics, Inc. (FLXN) Director Samuel Colella Buys $600k
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