Delayed: Amazon will delay Prime Day 2020 by three months; this year's "big deal" will launch in October, 2020. Link here. In addition, it appears India is a big deal for Amazon, see link.
India: becomes 5th largest economy; overtakes UK, France; purchasing power parity exceeds Japan, Germany; wikipedia already has it updated: US, EU, China, Japan, Germany, India, UK, France, Brazil, Italy, Russia. I'm always amazed to see Italy so high on the list;
Fast and furious:
- suspect who killed son of "Epstein judge" found dead by ... suicide.
- ABC News executive Barbara Fedida fired over racist remarks; google for link;
- previously reported: largest maker of small gasoline engines files for bankruptcy; hard to believe; no one is safe;
- first human trial of AstraZeneca Covid-19 vaccine shows promise; pool talk -- majority of those I meet in our apartment complex say they will not get the vaccine;
Market:
- NASDAQ sets new record; S&P turns positive for the year; google for link;
- Ericsson leaps on soaring 2Q20 earnings; 80% of employees work from home;
- Tesla reports tomorrow, Wednesday, July 22, 2020: four things to watch;
- Pre-market trading: AAPL up again; could flirt with $400/share on opening
- behind a paywall, but headline says it all: Buffett's Berkshire Hathaway has lost more market value in 2020 than all but four publicly traded US companies; I don't recall if this was on a percentage basis or a "raw" dollar basis; link here;
- Denbury Resources:
- market cap: $130 million
- cash on hand: $7 million
- total debt: $2.3 billion
- filed for bankruptcy in 2020;
- CLR: still has some decent acreage but unsustainable debt; SeekingAlpha;
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