Wilson Bennett: E-commerce giant, Amazon says it plans to invest more into original programming in order to compete with Netflix and Apple. Wilson Bennett reports that Amazon, the online retail giant, has announced that it intends to “double down” on its investment in the production of original programming to help it contend with fierce competition […]
Wilson Bennett Reports Twitter Stock Facing Downward Pressure
Wilson Bennett: The downward pressure on Twitter stock is unlikely to ease until the company reaffirms its value to users. Analysts at Wilson Bennett the Japan-based investment brokerage, have downgraded their rating on shares in micro-blogging service, Twitter, citing headwinds facing the company’s efforts to grow monthly active users (MAUs) at a pace that will […]
Wilson Bennett Reports Grexit Draws Nearer As IMF Walks Out
Wilson Bennett: Greece’s failure to table reforms acceptable to its creditors has prompted the IMF to walk out of negotiations. Wilson Bennett says talks between Greece and the IMF (International Monetary Fund) have broken down after the negotiation team walked out saying it would return to Washington citing “major differences” between the two camps. Greece’s […]
Wilson Bennett Says PBOC – China’s Economy To Pick Up In 2nd Half
Wilson Bennett: China’s central bank has forecast an uptick in the country’s economic fortunes in the 2nd half of 2015. According to Wilson Bennett, stabilizing home prices and stronger foreign demand for Chinese goods will help drive an uptick in the world’s second biggest economy in the 2nd half of 2015. So say economists at […]
Wilson Bennett Reports US Economy Creates 280000 Jobs
Wilson Bennett: The US economy created 280,000 jobs in May comfortably beating consensus forecasts of 225,000. According to Wilson Bennett, the US economy created a better-than-expected 280,000 new jobs in May raising hopes that economic growth is rebounding after a lackluster start to 2015. The headline employment rate increased to 5.5% because the labor force […]
Wilson Bennett Comments as Greece Submits Latest Reform Plan
Wilson Bennett reports on Greece’s frantic efforts to reach an accord with its creditors continue with the submission of a new reform plan. Wilson Bennett says days after rejecting a raft of reform proposals put forward by European Commission President, Jean Claude Jüncker, Greek Prime Minister, Alexis Tsipras has tabled a revised reform plan that […]