Tenet Fintech Group Inc. (CSE: PKK, OTC Pink: PKKFF)
Commercial Lending in China Ready to Tenet!
The Trump administration is opening a “Section 301” investigation into taxes on digital commerce proposed by a range of trading partners that could affect revenues booked by tech giants like Facebook (NASDAQ:FB), Google (GOOG, GOOGL) and Amazon (NASDAQ:AMZN).
The move could ultimately lead to punitive tariffs and heighten the chances of another global trade dispute.
France already agreed to postpone its new digital tax until at least the end of 2020 after the U.S. threatened to impose tariffs of up to 100% on imports like French wine, cheese, handbags and porcelain.
Amazon (NASDAQ:AMZN) says it will lease 12 Boeing 767-300 converted cargo aircraft from Air Transport Services Group (NASDAQ:ATSG).
The aircraft will join Amazon’s existing fleet to bring its total network to over 80 aircraft.
Amazon continues to expand on-the-ground operations in addition to aircraft. Amazon will open new Regional Air Hubs at Lakeland Linder International Airport in Florida later this summer and at San Bernardino International Airport next year, along with the central Amazon Air Hub at the Cincinnati/Northern Kentucky International Airport in 2021.
Slack Technologies (WORK +3.1%) powers to a YTD high following Zoom’s blowout Q1 earnings and upbeat guidance ahead of its own Q1 results after tomorrow’s close.
According to Bloomberg, MKM Partners expects Slack to exceed estimates but cautions buy-side expectations are significantly above the sell-side consensus, which could lead to near-term volatility.
The move in Zoom shares after earnings also implies a “healthy and generally positive investor sentiment” toward the work-from-home theme, says Kulkarni, who rates Slack as a Buy.
WORK’s average Wall Street analyst rating is Bullish, and its Seeking Alpha Authors’ Rating is neutral.
Google Cloud (GOOG -0.1%, GOOGL -0.2%) and the United Kingdom have signed a memorandum of understanding covering cloud services.
The agreement with the UK’s Crown Commercial Service is intended to make it more affordable for UK agencies to tap Google Cloud services, after confirming a discount for qualifying organizations.
That’s based on aggregated service demand and expected spend, the parties say.
The deal also contemplates access by UK agencies to Google Cloud’s managed and serverless offerings, including hybrid multi-cloud solution Anthos.
Thieves who made off with iPhones from Apple (NASDAQ:AAPL) retail locations in New York, Los Angeles, Minneapolis, Washington and Philadelphia quickly learned that they were loaded with special security software.
On-screen messages displayed: “This device has been disabled and is being tracked. Local authorities will be alerted.”
The social unrest sweeping across the nation comes just as Apple is in the process of opening more than 100 stores following an extended closure due to the coronavirus pandemic.
