Technology

Authored by Paul Craig Roberts,

PCR Takes a Look at Today’s “Top Stories” on Bloomberg

“Jeff Bezos briefly overtook Bill Gates as the world’s richest person. A surge in Amazon shares Thursday morning in advance of its earnings report gave Bezos a net worth of $92.3 billion, surpassing the Microsoft founder’s $90.8 billion fortune.

 

 

In afternoon trading, Bezos remains ranked second on the Bloomberg Billionaires Index. Gates has held the top spot since May 2013.”

PCR Takes a Look at Today’s “Top Stories”

There is little doubt that Amazon operates some of the most technologically advanced warehouses in the world.  As of the end of 2016, the Seattle Times noted that the company 'employed' roughly 45,000 robots spread across 20 fulfillment centers around the country. 

Authored by Samuel Westrop via The Gatestone Institute,

Facebook first tumbled then jumped after reporting Q2 EPS of $1.32, which initially slammed the stock as much as 5% lower however, then jumped just as quickly when it emerged that Bloomberg had blasted a wrong EPS estimate, according to which the company had missed earnings of $1.38...

• FACEBOOK 2Q EPS $1.32, EST. $1.38

... only to immediately correct itself, and release the correct consensus expectations, which was $1.13.