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Amazon pulls out of major Barcelona telecoms conference over coronavirus

BERLIN/MADRID (Reuters) – Amazon.com Inc has pulled out of this month’s Mobile World Congress because of the coronavirus outbreak, in another blow to one of the telecom industry’s biggest gatherings which attracts over 100,000 visitors to Barcelona. “Due to the outbreak and continued concerns about the new coronavirus, Amazon will withdraw from exhibiting and participating in Mobile World Congress 2020,” the company said in a statement on Sunday. Amazon had planned a significant presence through its cloud computing arm AWS, which was due to host a full-day conference track on the first day of the event. …read more […]

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3 Compelling Stocks to Catch on Possible Recession

This past Friday, February 7, the Bureau of Labor Statistics released the January jobs numbers – and the results were gangbusters. With 225,000 new jobs reported, it was the greatest increase in almost five years. Other data confirmed the numbers: there was a significant increase in workforce reentrants, the labor force participation rate increased to 63.4%, its highest level in almost seven years, and wages increased at an annualized rate of 3.1%, well ahead of inflation.While the jobs report was solid, there were also a few warning signals. Manufacturing jobs declined, and saw a drop in overtime hours reported. The …read more […]

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China's Shenzhen denies blocking Apple supplier Foxconn from resuming production

Local Chinese authorities have not blocked Apple supplier Foxconn from resuming production amid a coronavirus outbreak, they said in a statement on Sunday, denying an earlier report in the Nikkei Business Daily. The Nikkei, citing four people familiar with the matter, said on Saturday that public health experts had carried out inspections at Foxconn’s factories and told the company that there was a “high risk of coronavirus infection” at the facilities, making them unsuitable for a production restart. Shenzhen’s Longhua district, where Foxconn’s largest factory is located, said in a statement on its official WeChat account on Sunday …read more […]

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3 Cannabis Companies With New Executive Leadership To Lead Turnarounds

The cannabis market enters 2020 with plenty of catalysts for higher sales and profits. A lot of companies have made changes in executive leadership to handle the next phase of growth as legalization in cannabis markets slowly progresses and public market veterans are more apt to join the sector.Due to a wide-open market opportunity and readily available capital, most industry participants have gone guns blazing into nearly every segment of the cannabis market. The global cannabis market is expected to be worth $200 billion, but industry participants must deal with the current environment in order to survive and thrive.The executive …read more […]