TOP 5 STOCKS TO WATCH OUT 15 JANUARY 2020

TOP 5 STOCKS TO WATCH OUT 15 JANUARY 2020

1.Amazon:- Amazon.com Inc was slapped with a class-action lawsuit on Thursday accusing the e-commerce giant of inflating the prices of ebooks in collusion with some publishers.

The lawsuit alleges that Amazon and the five largest U.S. publishers, collectively called the ‘Big Five’, agreed to price restraints that cause consumers to overpay for eBooks purchased from them through a retail platform other than Amazon.com. (https://refini.tv/2MXXVqs)

The lawsuit comes a day after Connecticut said it was investigating Amazon for potential anti-competitive behavior in its business selling digital books.

Amazon declined to comment.

About 90% of eBooks are sold through Amazon, the largest U.S. eBooks seller, the lawsuit claimed.

Law firm Hagens Berman, bringing the case, in 2011 filed a similar lawsuit against Apple Inc and the ‘Big Five’ over ebook prices.

2. Google  :  Alphabet Inc’s Google has removed some lending apps aimed at consumers in India from Play Store in an attempt to safeguard users, it said in a blog post on Thursday.

“We have reviewed hundreds of personal loan apps in India, based on flags submitted by users and government agencies,” Suzanne Frey, Vice President, Product, Android Security and Privacy said in the post.

A recent investigation by Reuters found at least 10 lending apps on Play Store breached Google’s rules on loan repayment lengths aimed at protecting vulnerable borrowers. It also found that a number of the lending apps also flouted central bank regulations designed to protect borrowers..

Google did not elaborate on the number of apps that had been taken down.

Google has contacted companies and asked them to clarify if they are compliant with the rules and regulations, failing which an app could be removed from the Play Store.

3.GOLDMAN SACHS:-Goldman Sachs has partnered with card issuing startup Marqeta to build the U.S. bank’s Marcus checking accounts set to launch this year, the companies said on Thursday.

The bank, an investor in California-based Marqeta, hopes that the partnership will enable it to create more personalized and feature-rich digital banking services for its customers, it said.

Launched in 2016, Marcus has allowed Goldman to diversify its revenue and funding sources by offering savings accounts and personal loans to retail customers. Until then, the bank had operated largely as an investment bank and trading house, relying on money from the wholesale market.

Goldman, which had amassed more than $96 billion in consumer deposits through Marcus as of September 2020, has been investing heavily in its retail business. It bought a personal finance app in 2018, launched a credit card with Apple Inc in 2019 and has been offering lucrative savings rates to draw in more customers.

It launched an app for Marcus a little over a year ago, finally meeting demand from frustrated smartphone users who had to view account information, make loan payments or balance transfers on the bank’s website.

4. NOKIA :– Nokia on Thursday partnered with Alphabet’s Google Cloud unit to build 5G core network infrastructure and allow business customers to offer services such as smart retail and automated manufacturing.

Cloud computing units of big technology companies such as Microsoft and Amazon are also tying up with telecoms vendors ahead of deployment of 5G infrastructure to corner a share in new businesses the new technology might enable.

While Nokia will bring its 5G expertise, Google Cloud will serve as the platform for launching applications and assist customers in building an ecosystem of services.

“We will start to see some of these things in the live environment by the end of this year,” Amol Phadke, Managing Director at Google Cloud.

 5.Samsung:-Samsung Electronics Co Ltd on Thursday unveiled the first Galaxy S smartphone with a stylus for on-screen work called the S Pen, more than a month ahead of its usual annual release schedule for models of its flagship compact phone.

Analysts have said offering a stylus within the Galaxy S21 series might signal the South Korean tech giant will merge the S line with its other premium smartphone range, the Note, already equipped with a note-taking stylus. That could free up resources for SamsunG to push its separate range high-end foldable phones as key mass products rather than niche devices.

Samsung is also looking to grab market share after China’s Huawei Technologies was hit with U.S. sanctions that restricted its supply and hurt sales, analysts have said.

An early Galaxy S21 launch is a likely tactic to capitalise on Huawei’s woes, said Counterpoint Research analyst Sujeong Lim. New iterations of the Note typically come in the second half of the year.

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