Online Retailers Up the Ante on 1-Day Delivery

By Associated Press – Re-Blogged From Headline Wealth

This year, holiday stress may take on a whole new meaning for online retailers.

Amazon, Walmart and others have promised to deliver more of their orders within 24 hours of customers clicking on “Buy.”

The coming weeks will be the first test of whether they can make that happen during the busy holiday shopping season, when onslaughts of orders and bad weather can lay waste to even the best delivery plans.

It’s an expensive feat that requires not just additional planes and vehicles, but more workers and reams of data to help retailers prepare and predict what shoppers may buy.

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1000 Amazon Employees Threaten Strike over Lack of Climate Action

By Eric Worrall – Re-Blogged From WUWT

Amazon Employees for Climate Justice have threatened to strike because Amazon is not doing enough to promote climate action.

Nearly 1,000 Amazon employees plan a walkout to protest climate change

By Jordan ValinskyCNN Business
Updated 1934 GMT (0334 HKT) September 9, 2019

New York (CNN Business)
Nearly 1,000 Amazon employees have pledged to walk out in protest of what they say is their company’s inaction on climate change. 

The collective known as “Amazon Employees for Climate Justice” posted a letter online Monday declaring that Amazon should lead on the issue because it’s “one of the largest and most powerful companies in the world.”

For example, the group wants Amazon to stop donating to politicians and lobbyists who deny climate change. It also wants Amazon to stop awarding contracts to fossil fuel companies. And the group wants the company to test electric vehicles in cities that are most affected by the company’s environmental impact. The group said it was “critical” for Amazon to emit zero emissions by 2030.

Read more: https://edition.cnn.com/2019/09/09/business/amazon-employee-climate-change-walkout/index.html

I just have one question.

Given Amazon’s alleged reputation for working employees to the limit of their endurance, how did 1000 employees ever manage to find the personal time and energy to develop outside interests? For shame Bezos, your shareholders expect more from you.

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Nasdaq De-FAANGed?

By Zachary Mannes – Re-Blogged From Silver Phoenix

We generally chart the regular NASDAQ — the NDX, QQQ, and the futures — but when you consider that a mere five momentum names, affectionately given the acronym “FAANG,” comprise nearly 40% of the weighting of the entire index, a glance at the Equal Weight version is not a bad idea. I prefer the First Trust  (QQEW) to the Direxion (QQQE) as it seems to chart slightly cleaner and the “EW” is easier to remember.

Watching for nuanced differentiation in the patterns between the QQEW and NDX, it is possible to see the potential for the former to lead a bit. For example, back in August/September of 2018, QQEW marked a divergent high. More recently, the QQEW began to count more like the blue 5th wave extension of (5) of Primary Wave 3 before the NDX shifted from it’s “(B)” wave.

More importantly, though, is that fact that the Equal Weight does not get pulled to such price extremes by the disproportionate momentum of a scant few stocks. The Primary Wave 3 in NDX has stretched all the way to the 223.6% Fibonacci extension as measured in log-scale off the July 2010 low for Primary 2. By contrast, the QQEW hit a more perfect 161.8% Fibonacci extension for it’s Primary wave 3 top.

The disproportionate extension, though, also appears to affect the downside corrective moves.

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Amazon Dumps NYC Headquarters and Its Promised 25,000 Jobs

By Associated Press – Re-Blogged From Newsmax

Amazon.com Inc. abruptly dropped plans Thursday for a big new headquarters in New York that would have brought 25,000 jobs to the city, reversing course after politicians and activists objected to the nearly $3 billion in tax breaks promised to what is already one of the world’s richest, most powerful companies.

“We are disappointed to have reached this conclusion — we love New York,” the online giant from Seattle said in a blog post announcing its withdrawal.

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Amazon Cancels NY Headquarters

By Pamela Geller – Re-Blogged From Freedom Outpost

The Amazon plant would have brought much-needed jobs to New York City. It would have employed thousands of people who now are out of luck because of Alexandria Ocasio-Cortez’s socialism and virtue-signaling. She and other socialists don’t want people to work, they want to, as President Trump has said, turn this country into Venezuela, where people are searching through garbage cans for something to eat.

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Google, Facebook, Amazon May Be ‘Antitrust Situations’

By Bloomberg – Re-Blogged From Newsmax

President Donald Trump, stepping up his criticism of technology firms he says are favoring liberal points of view, said they may be in a “very antitrust situation” but repeatedly said he can’t comment publicly on whether they should be broken up.

“I won’t comment on the breaking up, of whether it’s that or Amazon or Facebook,” Trump said in an Oval Office interview Thursday with Bloomberg News. “As you know, many people think it is a very antitrust situation, the three of them. But I just, I won’t comment on that.”

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Amazon Isn’t Paying Its Electric Bills. You Might Be

By Mya Frazier – Re-Blogged From Bloomberg

For a little while earlier this year, it seemed as though 87-year-old Rosie Thomas and her neighbors in the small town of Gainesville, Va., had beaten Amazon. Virginia’s largest utility, Dominion Energy Inc., had planned to run an aboveground power line straight through a Civil War battlefield—and Thomas’s property—to reach a nearby data center run by an Amazon.com Inc. subsidiary. After three years of petitions and protests in front of the gated data center, skirmishes punctuated by barking dogs and shooing police, Dominion agreed to bury that part of the line along a nearby highway, at an estimated cost of $172 million.