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Amazon shares sink despite beat on revenue and earnings

Amazon shares sink despite beat on revenue and earnings

CNBC5 days ago
CNBC's MacKenzie Sigalos and BD8 Capital's Barbara Doran joins 'Closing Bell Overtime' with reaction to Amazon earnings.
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Big banks are now in Trump's crosshairs
Big banks are now in Trump's crosshairs

Axios

time29 minutes ago

  • Axios

Big banks are now in Trump's crosshairs

President Trump is planning an executive order that would punish banks if they are believed to be discriminating against political conservatives. Why it matters: The president has previously targeted law firms and media companies, but with banks — one of the most heavily regulated industries — the administration has a number of levers it can pull to apply pressure. Driving the news: Appearing on CNBC Tuesday morning, Trump seemed to give a nod to a Wall Street Journal report that the White House is preparing an executive order directing regulators to penalize any bank found to have dropped a client on political grounds. The president accused both JPMorgan Chase and Bank of America of discrimination, by refusing to take his personal business. The big picture: A number of conservatives and crypto executives have claimed for years that they were "debanked" for political reasons, and the Senate Banking Committee held a hearing on some of those claims in February. Both JPMorgan and Bank of America have said that political reasons are not a factor in their customer decisions. "We don't close accounts for political reasons, and we agree with President Trump that regulatory change is desperately needed," a JPMorgan spokesperson says. "We're pleased to see the White House is addressing this issue, for which we've been advocating for many years, and look forward to working with them to get this right." The banking industry has also pointed to anti-money-laundering and reputational risk regulation as possible factors in restricting access. Bank regulators, however, have recently dropped reputational risk as part of their scrutiny. The intrigue: For the president, the political is clearly personal. On CNBC, Trump said of JPMorgan: " I had many, many accounts loaded up with cash. I was loaded up with cash. And they told me, 'I'm sorry, sir, we can't have you. You have 20 days to get out.' I said, 'You got to be kidding. I've been with you for 35, 40 years.'" Reality check: Trump was a businessman before becoming a conservative politician. In a 2019 article about investigations into Deutsche Bank, The New York Times noted that in recent decades, the German bank "was the only mainstream financial institution consistently willing to do business with Mr. Trump, who had a history of defaulting on loans. " What to watch: If and when an executive order comes out (the WSJ cautions the administration's plans could change), it will indicate whether banks' regulatory burden becomes heavier or lighter under this administration.

Lenovo 15.6″ Laptop (40GB RAM, 1TB SSD) Drops by 73%, Expect This $2,180 Discount to Vanish Soon
Lenovo 15.6″ Laptop (40GB RAM, 1TB SSD) Drops by 73%, Expect This $2,180 Discount to Vanish Soon

Gizmodo

time29 minutes ago

  • Gizmodo

Lenovo 15.6″ Laptop (40GB RAM, 1TB SSD) Drops by 73%, Expect This $2,180 Discount to Vanish Soon

And just like that, it's August. We're in the homestretch of Summer vacation and in just a few short weeks, students will be returning to the classrooms to pick back up their studies for the Fall. If this is you or your children, make sure you or they are set up with everything needed for a successful semester. Lenovo has a laptop available at Amazon that is perfect for home, business, and yes, even students. It's currently listed as on sale for 73% off. That cuts the price down from $2,999 down to just $819. Now, you might be thinking, 'Holy cow. That works out to a savings of over two thousand bucks. That deal sounds too good to be true.' Well, if we take a peak at the Amazon listing's pricing history, we're see that the laptop has only been up from this seller since the beginning of July and then after a couple weeks dropped to the price point we see it at now. And when comparing it's specs to similar laptops on the market, the $799 tag is much more in line with what you're getting. So don't be fooled by the big red number that says 73% off. This laptop was always meant to be sold at this rate. That said, it's still a great value. See at Amazon Here we're working with a 15.6-inch Lenovo laptop with a display resolution of 1080p. It's running on an Intel 10-core, 16-thread i7-13620H processor with an integrated graphics card. It can handle a wide range of applications without a problem. You'll likely experience no issues running any program you're expected to work with as a college student. It's got a large amount of memory with its 40GB of RAM and an ample amount of storage thanks to the 1TB SSD. The Lenovo laptop supports speedy internet over Wi-Fi 6 and supports Bluetooth 5.2. You can connect to a number of accessories with additional ports along the side of the laptop with a USB 2.0 and a USB-C 3.2 port. The HDMI 1.4 port and DisplayPort allow you to connect to two additional monitors at once so you can spread your work across three displays. The 3.5mm AUX can be used to connect to headphones or desktop speakers. And with Windows 11 Pro pre-installed, this laptop is ready to go right out of the box. Make sure your prepared for the new school year with a laptop that can keep up with you. Right now, this Lenovo laptop is listed at just $819. See at Amazon

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