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As FAANG stocks lead the market lower during what has become a relentless Q4 selloff, Amazon is hoping to reassure anxious investors that the company's relentless expansion and revenue growth will continue. To wit, the company is taking another big step toward establishing itself as the American WeChat or Alipay as it seeks to become the dominant player in electronic consumer payments in the US and beyond. According to the Wall Street Journal, the e-commerce giant is hoping to undercut Apple's Apple Pay by persuading more brick-and-mortar merchants to... -Zero Hedge
Blain's Morning Porridge, submitted by Bill Blain “For every Netflix there is a Blockbuster. Every Facebook, a MySpace. Every iPod, a Walkman.” Gibraltar. It’s always Gibraltar. The Spanish want Gibraltar back. Tried a few times and its never worked terribly well for them. We’ll have Shabby National back from Santander then? (There’s a name fewer and fewer of us remember….) And the French want our fish. Bring it on. When it comes to Peterhead vs the World, my money is on the Peetaheid loons every time.. Yep… Brexit continues to entertain and amuse... -Zero Hedge
As investors eagerly await channel check reports on this upcoming Black Friday shopping bonanza to confirm the US consumer is still propping up the economy, there could be some unexpectedly bad news that may disappoint Wall Street. First, the European Center for Medium-Range Weather Forecasts (ECMWF) has released new weather models that indicate a massive blast of arctic air could spread across the mid-Atlantic and North East regions during the upcoming holiday week, crippling shopping intentions and keeping millions of Americans away from their... -Zero Hedge
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