the Java Exchange

The week, after the holiday, is off to a slow start. The Dow is down 170 points.

GM relaunches Hummer to re-power its image

http://business.financialpost.com/pmn/business-pmn/gm-relaunches-hummer-to-re-power-its-image
— Read on business.financialpost.com/pmn/business-pmn/gm-relaunches-hummer-to-re-power-its-image

U.S. Federal Reserve bars Goldman Sachs executive from industry for role in 1MDB scandal

https://business.financialpost.com/pmn/business-pmn/u-s-federal-reserve-bars-goldman-sachs-executive-from-industry-for-role-in-1mdb-scandal
— Read on business.financialpost.com/pmn/business-pmn/u-s-federal-reserve-bars-goldman-sachs-executive-from-industry-for-role-in-1mdb-scandal

Trump Considers Withdrawing From WTO’s $1.7 Trillion Purchasing Pact

https://business.financialpost.com/pmn/business-pmn/trump-considers-withdrawing-from-wtos-1-7-trillion-purchasing-pact
— Read on business.financialpost.com/pmn/business-pmn/trump-considers-withdrawing-from-wtos-1-7-trillion-purchasing-pact

Watch before you buy young investors

After the Tax Cuts and Jobs Act (TCJA) of 2017 Amazon is paying less to the tax base at a rate of 1.2%. According to the Government Accountability Office (GAO), as of the end of fiscal year 2018, the federal debt is $21 Trillion and rising.

Last year, Yahoo Finance reported that Amazon (AMZN) paid a shockingly low amount in federal income taxes in 2018 on more than $11 billion in profits: $0.

But this year, while the company says it has paid “billions” in taxes for the year 2019, in reality it only paid $162 million in federal income tax — an effective tax rate of 1.2% on over $13 billion in profits. 

https://finance.yahoo.com/news/amazon-paid-a-12-tax-rate-on-13285000000-in-profit-for-2019-210847927.html

Saudi Arabia opens talks on possible Feb OPEC+ meeting after oil price slide

https://business.financialpost.com/pmn/business-pmn/saudi-arabia-opens-talks-on-possible-feb-opec-meeting-after-oil-price-slide
— Read on business.financialpost.com/pmn/business-pmn/saudi-arabia-opens-talks-on-possible-feb-opec-meeting-after-oil-price-slide

Does this signal the future of oil?

Gold falls 1% as China works to stem economic impact of virus

https://business.financialpost.com/pmn/business-pmn/gold-falls-1-as-china-works-to-stem-economic-impact-of-virus
— Read on business.financialpost.com/pmn/business-pmn/gold-falls-1-as-china-works-to-stem-economic-impact-of-virus

Macroeconomic effects I the real world.

The first month of the year was one of the worst in the last five years. Is this the result of the Coronavirus or just a market correction?

U.S. stocks tumbled Friday, with the Dow and S&P 500 index recording their biggest one day falls since August, as fears that Chinese coronavirus epidemic would slow economic growth rattled Wall Street.

https://www.marketwatch.com/story/stock-futures-point-lower-on-coronavirus-worries-weak-global-economic-data-2020-01-31?mod=markets

A report from Muddy Waters Research alleges false financial statements for the third question of 2019

uckin Coffee Inc. (lk) is down 12% in Friday trading after an anonymous report received by short seller Muddy Waters Research that alleges the company is fabricating its financial and operating figures, beginning with Q3 2019. MarketWatch cannot confirm the authenticity of the report, which is 89 pages long. MarketWatch has reached out to Luckin Coffee for comment.

https://finance.yahoo.com/m/60c7e1b7-e521-374b-ad17-91ec8bf9afbe/luckin-coffee-stock-sinks.html