Michelle Obama’s ‘Becoming’ could become best-selling memoir ever

Michelle Obama’s memoir “Becoming” is closing in on 10 million copies sold since its release in November, and it’s on pace to set a sales record, according to figures cited in the Wall Street Journal from publisher Penguin Random House “We believe this could be the most successful memoir in history,” said Thomas Rabe, CEO of Bertelsmann SE, which owns […]

Read more

Stamps.com is breaking up with the U.S. Postal Service, and its stock is down nearly 50%

Stamps.com Inc.’s stock took a nose dive in late trading Thursday, falling nearly 50% after the company said an exclusive deal with the U.S. Postal Service will not be renewed. Stamps.com STMP, -2.00% predicted large declines in its financial performance in 2019 with its fourth-quarter earnings report Thursday afternoon, then explained why in a conference call. Citing the need to work […]

Read more

Here’s what would have made Virginia walk away from an Amazon HQ2 deal

The incentives for Amazon.com Inc.’s second headquarters attracted attention, and now the company has abandoned its plans for an “HQ2” in New York City. Amazon on Thursday also said its HQ2 plans “will proceed as planned” in Virginia. Officials from that state have stressed that they had limits on what they were willing to offer. Virginia’s team has promised about […]

Read more

Post-Brexit trade partners ask UK to lower human rights standards

Britain has received demands to roll back its human rights standards in exchange for progress on post-Brexit trade deals, including from some countries that ministers are pushing to secure agreements with. In an admission that some countries have sought to extract a high price for their continuing to trade with Britain after leaving the EU, Liam Fox, the international trade […]

Read more

The Jeff Bezos privacy nightmare could happen to you — here’s how to prevent it

Jeff Bezos has some photos he may wish would have stayed on his phone. And many Americans can relate to his predicament. The Amazon AMZN, -1.62%  founder went public on Thursday with extortion accusations against tabloid National Enquirer. In a blog post published on Medium, Bezos accused the publication’s parent company American Media Inc. (AMI) of threatening to publish a […]

Read more

Amazon will spend more cash in 2019 and that’s a good thing

Amazon.com Inc. plans to increase its spending in 2019 after a more prudent 2018, and J.P. Morgan analysts support that strategy. Amazon’s AMZN, -4.00%  Chief Financial Officer Brian Olsavsky said 2018 was about cashing in on the setup from the previous years. “[I]n a lot of ways, 2018 was about banking the efficiencies of investments in people, warehouses, infrastructure that […]

Read more

Amazon reports record-breaking holiday sales and earnings, but investors aren’t impressed

Amazon.com Inc. brought in $3 billion in profit thanks to record-breaking holiday sales, according to a Thursday earnings report, but a prediction of slowing growth may have kept its stock from reaping the rewards. The online retailer reported fourth-quarter earnings of $6.04 a share on revenue of $72.4 billion Thursday afternoon, both quarterly records for Amazon AMZN, +2.89% , and strong […]

Read more

PayPal stock falls after outlook miss, but CEO says Venmo has hit a ‘significant transition point’

A few quarters ago, PayPal Holdings Inc.’s disclosures of its rapid Venmo volume growth came as somewhat of a mixed blessing, since the popular peer-to-peer payment service was a hefty source of losses for the company overall. Venmo still isn’t profitable, but the narrative around the service is starting to change. PayPal PYPL, +1.43%  disclosed in its fourth-quarter earnings report […]

Read more
1 2 3