Amazon's announcement yesterday was a very big deal. Here's my daily today. It's on Amazon. I am doing this in two parts with tech articles in this one because I meant to post this part yesterday but I wasn't able to post after 2PM. The ext daily will cover non-tech.
Everyone in the finance world was mostly focused on the ECB, and to a certain degree on the jobs numbers and Democratic convention in the US. But as the stock market rallied, the notable news was the broadside attack on Apple, the world's most valuable company, by Amazon. In my view, the latest move by Amazon will be of historic proportions because of what it could mean to Apple's margins and earnings growth.
As you may know, I am not bullish on Apple's growth prospects from here. I have consistently said that I believe tha...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.