Investing and Global Finance News

Monthly Archives: March 2015

Amazon Expands One-Hour Delivery Service

Jeff Bezos, founder of Amazon, at the ENCORE awards. Photo credit: Steve Jurvetson
Jeff Bezos, founder of Amazon, at the ENCORE awards. Photo credit: Steve Jurvetson

Moving another step closer to fulfilling the dreams of the “Now” generation, Amazon announced last week that it will be able to deliver orders within one hour in two new locations. Although some might argue that one hour is technically not “Now,” it certainly comes pretty close, considering the fact that most orders on Amazon are not for anything that couldn’t wait a day or two. Be that as it may, Amazon has already been bringing products to customers in Manhattan within the hour, and will add Miami and Baltimore to the list of “can’t wait” cities.

Amazon already promises same day delivery in nine other markets, places where they already have fulfillment centers. Piper Jaffray, the research firm, created a map to show where all the Amazon fulfillment centers are located, an indication of where the next one-hour delivery service could spring up. The same-day markets include:

•    New York City
•    Atlanta
•    Baltimore
•    Boston
•    Chicago
•    Indianapolis
•    Philadelphia
•    Washington DC
•    Dallas
•    Los Angeles
•    Phoenix
•    San Francisco
•    Seattle

Latin America and its Global Investment Opportunities

Latin America is becoming an increasingly attractive economy for outside investors. This is positive news for companies such as Latam Securities that has been providing investment advisory services about investments in fixed-income securities in local and worldwide markets. Company Director Jorge Pepa and CEO Diego Marynberg have been working with these clients in an attempt… Continue Reading

Formula E Electric Cars Race Through Miami

The first Formula E electric car race took place in Miami last Saturday, showcasing the potential for more energy efficient vehicles. “Formula E will pioneer technology which will be used on normal road cars,” said Richard Branson, British entrepreneur and owner of the Virgin Racing team. “I hope 10 years from now the smell of… Continue Reading

Alibaba Expanding to California in a “Very Strategic” Move

China’s gargantuan e-commerce company Alibaba is opening a cloud computing hub in Silicon Valley, its first such center outside of China. The move is in synch with their global ambitions despite tough competition in their niche. The California hub is at an undisclosed exact location, kept secret for security reasons.  It is situated somewhere in… Continue Reading

Yellen Tells Congress: Financial System Safer Now than Before the Financial Crisis

Speaking before the House Committee on Financial Services last week, Janet Yellen, head of the Federal Reserve, testified that the US financial system is much safer today than it was in 2007 when the most recent economic decline commenced. “I believe the financial system is much safer. There is twice as much high-quality capital among… Continue Reading