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Amazon’s stock hit an all-time high today, closing at 8.43 per share, after a Wall Street analyst upgraded the company’s stock, saying that investors have been underestimating Amazon’s global network of distribution centers.
Among financial indicators for central SOEs also released on Monday were a further drop in debt-asset ratios, vigorous fixed-asset investments and an upsurge in cash flow.
Amazon’s more direct involvement in education with its own edtech products and services has a more spotty history, with the company earlier this year stating it would shutter its TenMarks business and end its TenMarks Math and Writing products after the 2018-19 school year. Amazon was also largely a no-show at the huge International Society for Technology in Education (ISTE) conference in Chicago in June, after having had a large presence in previous years.
American vehicle exports to China face a 25 percent tariff. China has suggested it would add another 25 percent to counter proposed US tariffs on Chinese exports. The US imposes a 2.5 percent tariff on imported cars and 25 percent tariff on imported trucks from World Trade Organization members and with the proposed tariffs on China these rates would go to 27.5 percent and 50 percent said Dziczek.
Amazon’s joint venture with Berkshire Hathaway and JPMorgan Chase is just getting started, but it’s already rattling health care giants.