RBC’s Mark Mahaney: Amazon will compete directly with FedEx and UPS — ‘it’s just a matter of time’

“There’s another investment cycle coming, and I bet you it’s around shipping and them actually coming out and directly competing with FedEx and UPS,” RBC Capital Markets’ Mark Mahaney says. […]”There’s another investment cycle coming, and I bet you it’s around shipping and them actually coming out and directly competing with FedEx and UPS,” RBC Capital Markets’ Mark Mahaney says.Read More

Stock market will plunge if Fed doesn’t hike rates in December, predicts ex-Wells Fargo CEO

The Federal Reserve “has” to raise rates because it has telegraphed it will do so  and if it doesn’t, the markets will drop because it will seem like the central bank “caved to the president,” says former Wells Fargo CEO Dick Kovacevich. […]The Federal Reserve “has” to raise rates because it has telegraphed it will do so  and if it doesn’t, the markets will drop because it will seem like the central bank “caved to the president,” says former Wells Fargo CEO Dick Kovacevich.Read More