News stories did not say whether WeChat Pay will be integrated with Walmart’s QR-code based payment app Walmart Pay. Walmart Pay is one of the fastest growing payment solutions in the United States.Read more
It goes without saying that Ford will be in a great position to buy up the remains of Tesla when it finally collapses.
Until then Ford and its competitors are enjoying some great auto sales. Americans purchased 17.4 million vehicles in November 2017, down slightly from 18.1 million in vehicles in October and 18.6 million in September, The Detroit Free Press reported.
More importantly, Ford’s sales rose by 6.7% in November while those at competitors fell. Fiat Chrysler’s (NYSE: FCAU) sales fell by 4% and General Motors’ (NYSE: GM) slid by 2.9%.Read more
Beyond enabling Chinese business the Oxford deal gives Ant; and Tencent, a beachhead to enter the Canadian market. Once ensconced at the centers the two companies will start marketing their payment options to Canadians.Read more
Investors should not hold their breath waiting for Amazon to take cryptocurrency anytime soon. The legal complications from such a move would simply be too great, especially in its home base of the United States.Read more
The real culprit in the death of the Great American Department Stores is changing times. Since there is no way to change that investors should stay away from this sector, perhaps far away.Read more
All this makes MoneyGram a very questionable investment because it does not generate that much cash or float for a financial services company. One reason for that is that it does not lend money and serves mostly working class customers.Read more
Ant Financial is potentially the world’s most valuable Unicorn and the next big IPO. Uber on the other hand end up as just a foot note in the history books or worse a bad joke. The future of Fintech and fantastic amounts of profit might just belong to Ant Financial and China.Read more
Amazon’s revenue growth for 2016 now exceeds the total revenues for Alibaba (NYSE: BABA); which reported $21.48 billion in revenue on December 31, 2016. The revenue Amazon added in 2016 is also larger than all of Macy’s (NYSE: M) revenues; which were $26.31 billion on October 31, 2016.Read more
Technology is likely to become the basis of our philosophy, religion and politics in the near future. When it does it will mark a paradigm shift as great; and perhaps as bloody, as the rise of Islam or the Protestant Reformation. Whether we are ready for that revolution is anybody’s guess.Read more
If you are looking for a company to invest to take advantage of the ecommerce boom; Boeing is a far better deal than Amazon. Even if Amazon’s air force fails to fly; Boeing is still going to make a lot of money from online retail.Read more