Big Earnings Week Amazon, P&G, Alphabet and Facebook Reporting

What’s even more frightening is that one bad earnings report from either Amazon or Google might trigger a market crash. Those companies are simply that huge and important to investors; that alone should have us asking if those behemoths are now too “big to fail.”

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Android Pay Adds 60 Banks in a Day

Typical examples of the new financial institutions on Android Pay include the Rock Canyon Bank, the North Texas Credit Union and the Libertyville Savings Bank. The major coup for Alphabet (NASDAQ: GOOGL) here is getting all the credit unions signed up.

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Who would Buy Uber??

A leaderless Uber with its value destroyed will be a natural acquisition target.

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Google Self-Driving Car Project might be worth $70 Billion

“If we assume that Waymo can grow to 1% of global miles driven by 2030 (based on a fleet of three million cars each driving 65,000 miles a year) and that Waymo can generate on average ~$1.25 in revenue per mile driven, it implies a $70 billion Waymo enterprise value,” Nowak wrote. “More miles/year and revenue/mile could lead to an enterprise value of $140 billion.”

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Uber Threatening to fire Otto Founder

Alsup made the request because it sounds as if Levandowski committed theft and Uber bought stolen property which is also a crime. If the FBI and the US attorney can prove Kalanick paid Levandowski $680 million for the stolen files both men might end up in prison.

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Alipay Comes to America

Tim Cook’s worst nightmare then would be Walmart accepting Alipay but saying no to Apple Pay.

That would be a real coup for Ant because Walmart operates 4,672 stores in the United States; including 3,522 supercenters and 660 Sam’s Clubs. It might also force Apple and Alphabet to add QR code to their mobile wallets.

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PayPal Plans to Support Android Pay

Android Pay users will soon be able to make purchases with PayPal through the app. That means PayPal will appear as a payment option in Android Pay, The Verge reported.

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The Strange Relationship between Apple Pay and Western Union

The growth is driven by millennials who are more likely to use digital payment solutions such as Venmo and less likely to have traditional bank accounts or credit cards. These people can get through their days with electronic solutions and cash but still need to receive funds from home and send the occasional money order.

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Comcast Proves Cable is Far from Dead

The huge amount of float that Comcast is generating indicates that a lot of Americans are still paying their cable bills every month. There’s also some statistical evidence out there that indicates the level of cord cutting has been greatly exaggerated.

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The Future of Banking at Goldman Sachs

Strangely enough the future of banking and finance is on display at Goldman Sachs (NYSE: GS). The 147 year-old investment bank is quietly transforming itself into an information technology company, a paradigm shift that will be felt far beyond Wall Street.

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