Business

A surge in Amazon shares this morning (ahead of earnings) has propelled founder Jeff Bezos past Microsoft founder Bill Gates as the world’s richest person...

As Bloomberg reports, shares of the online retailer rose 1.8 percent to $1,071.31 as of 9:30 a.m. in New York. If the gains hold through the close, Bezos, 53, could leapfrog Gates on the Bloomberg Billionaires Index. The 61-year-old Microsoft Corp. co-founder has held the top spot since May 2013.

A huge upside surprise for durable goods orders (+6.5% MoM vs +3.9% MoM) was dominated by a 19% spike in transportation (with non-defense aircraft orders up 131.2% MoM)

Up from $11bn to $25.3bn...

New orders for manufactured durable goods in June increased $14.9
billion or 6.5 percent to $245.6 billion, the U.S. Census Bureau
announced today. This increase, up following two consecutive monthly
decreases, followed a 0.1 percent May decrease.

Submitted by Bill Blain of Mint Partners

Are We In A Bubble About To Burst, Or Are We Facing Massive Equity Upside?

“A liberal is a conservative who has been arrested.”

Gold A Store Of Value In $217 Trillion Global Debt Bubble 

There was some good news and a lot of bad news in the just released Twitter results.

First the good news: the company reported Q2 Revenue and EPS of $573.9MM and $0.08, beating already depressed expectations of $537.2MM and $0.05.