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Amazon reportedly considering $2 billion stake in Indian telecom operator Bharti Airtel

Amazon .com may follow its American peer Facebook's footsteps in securing a slice of India’s booming telecom market. The e-commerce giant, which has invested over $6.5 billion in India, is in early-stage talks to buy a 5% stake worth at least $2 billion in Bharti Airtel, the third-largest telecom operator in India, according to unnamed sources cited by Reuters. Amazon did not respond to a request for comment.

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  Exclusive: Amazon in talks to buy $2 billion stake in Indian telco Bharti Airtel - sources

  Reuters
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  Google Mulling Purchase of Stake in Indian Vodafone Idea

  SmarterAnalyst

Google and Walmart establish dominance in India's mobile payments market as WhatsApp Pay struggles to launch

In India, it's Google and Walmart-owned PhonePe that are racing neck-and-neck to be the top player in the mobile payments market, while Facebook remains mired in a regulatory maze for WhatsApp Pay’s rollout. Google Pay had more than 75 million transacting users last month, ahead of PhonePe’s 60 million users, people familiar with the companies’ figures told TechCrunch. In comparison, SoftBank -backed Paytm's app saw 30 million transacting users last month and an average of 10 million users transacted each day, people familiar with the matter said.

3 Top E-Commerce Stocks to Buy in June

While Amazon is the most obvious choice, there are other potentially more lucrative ways to play the online shopping boom around the globe.

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  Bulgari Accelerates E-commerce Reach

  WWD
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  These 7 E-Commerce Stocks Could Fund My Retirement

  Motley Fool

Buffett's Portfolio Hasn't Done This in 4 Years, Until Now

For the past five-plus decades, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett has been in a class of his own on the investing front. According to Berkshire Hathaway's annual letter to shareholders, released in February, the per-share market value of Buffett's company has averaged a 20.3% annual gain since the beginning of 1965, compared to 10% on the nose for the benchmark S&P 500, inclusive of dividends paid. This difference may not sound jaw-dropping, but the aggregate gain over the past 55 years is 19,784% for the S&P 500 and 2,744,062% for Berkshire Hathaway.

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  Is This Europe’s Berkshire Hathaway?

  The Wall Street Journal
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  Is The Ultimate Warren Buffett Stock A Buy Amid The Coronavirus Rally?

  Investor's Business Daily

Exclusive: GM plans electric van for business users in bid to pre-empt Tesla

General Motors Co is developing an electric van aimed at business users, joining a growing list of carmakers planning EVs for the same segment which includes customers such as Amazon.com Inc and United Parcel Service Inc, five people familiar with the plans told Reuters. GM's plan to develop an electric van has not previously been reported.

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  Volkswagen to Pump $2.3B Into China EVs, Closes Argo AI Deal

  Zacks
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  Chinese EV Maker Xpeng Motors Seeks $500M US IPO: Report

  Benzinga

A Cheesecake-shaped recovery: Morning Brief

Top news and what to watch in the markets on Thursday, June 4, 2020.

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  Cheesecake Factory Spikes After-Hours As 75% Sales Recaptured

  SmarterAnalyst
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  Cheesecake Factory Rises More Than 7% on Business Update

  Zacks

Better Buy: Disney vs. Chipotle

Chipotle and Disney have been impacted by COVID-19 in different ways. With both stocks down a few pegs, which is the more appealing investment?

June 4: Google's Search trends reveal the tech topics currently interesting users

Each day, Google compiles a list of which technology topics are being queried the most by its US users over the past 24 hours in their dedicated Search engine. As of right now, the tech topic with the greatest search audience is an app called "Remove China Apps." Google tracks exactly which topics their users are most interested in on a daily basis, and the following are the most popular search queries tapped into the engine over the past 24 hours.

General Motors to work closely with CATL in its China EV push - executive

General Motors <GM.N> will "work very closely" with Chinese electric vehicle battery maker Contemporary Amperex Technology Ltd (CATL) <300750.SZ> as it ramps up electric production in the world's biggest auto market, a senior executive said. The Detroit automaker said in March it would invest $20 billion by 2025 in electric and automated vehicles as it races to catch up with Elon Musk's Tesla Inc <TSLA.O> in the sector. "We have already established a good working relationship and supply agreement with CATL," said Julian Blissett, GM's China president.

Citi defies coronavirus with Western European corporate lending push

Citigroup <C.N> is looking to ramp up its commercial banking operations across Europe, Middle East and Africa, plugging gaps left by rivals facing fallout from a coronavirus-induced recession. The U.S. bank plans to expand its business lending division catering to companies with annual turnover between $25 million and $2.5 billion with a slew of new hires and office launches in several Western European countries by the end of 2020. Competitors, including HSBC <HSBA.L> and Standard Chartered <STAN.L>, have made similar bids to win business from small and mid-sized European companies in the past few years, hoping to increase revenues in a market traditionally dominated by local banks.

Ford's China ventures increase May sales as market rebounds

Ford Motor's <F.N> China ventures have reported year-on-year sales growth for May in a sign of how the world's biggest auto market is continuing its recovery from coronavirus-induced lows. Jiangling Motors Corp (JMC) <000550.SZ>, in which Ford owns a stake, said in a filing on Wednesday that it sold 29,008 vehicles last month, up 32% year on year. Separately, Ford also said that sales of its luxury Lincoln brand in China reached 5,000 units last month, up 22%.

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  U.S. auto sales in May encourage Detroit plan to rebuild inventories

  Reuters
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  China auto sales growth seen for second straight month, boosting recovery hopes

  Reuters

Why Monster Beverage's Shares Went Up 16.3% in May

Shares of Monster Beverage (NASDAQ: MNST) went up 16.3% in May, according to data provided by S&P Global Market Intelligence. The energy drink company saw continued demand for its portfolio of beverages during the first quarter, though growth may stumble temporarily due to weaker demand in April. Monster Beverage released a strong set of numbers in early May for its first-quarter 2020 earnings report.

Why Shares of Boeing and Its Suppliers Are Rallying Today

In its effort to negotiate its 737 Max order book and avoid cancellations, Boeing (NYSE: BA) has scored a pair of wins in recent days. Shares of Boeing were up 12% as of 2:30 p.m. EDT, while shares of Spirit AeroSystems (NYSE: SPR) climbed 18%, Allegheny Technologies (NYSE: ATI) and Triumph Group (NYSE: TGI) were each up 11%, and shares of TransDigm Group (NYSE: TDG) gained 10%.

Early Facebook staffers denounce Zuckerberg stance on Trump posts

Nearly three dozen former employees from Facebook's <FB.O> early days on Wednesday blasted Chief Executive Mark Zuckerberg's decision not to act against incendiary posts by U.S. President Donald Trump as "cowardly" and a "betrayal" of company ideals. The open letter, initially reported by the New York Times, deepened a crisis facing Facebook's leadership team, who had to defend their decision at a tense all-hands meeting the day prior following an employee walkout over the issue. Criticism of Zuckerberg's hands-off approach to speech by political leaders crescendoed last week, after rival social network Twitter began putting warning labels on several Trump tweets that the platform said contained misleading information and glorified violence.

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  Tech workers are urging Facebook employees to quit their jobs in protest of the company's controversial decision to keep up Trump's post about the George Floyd protest

  Business Insider
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  After Facebook staff walkout, Zuckerberg defends no action on Trump posts

  Reuters

Amazon is sued over warehouses after New York worker brings coronavirus home, cousin dies

Amazon.com Inc <AMZN.O> has been sued for allegedly fostering the spread of the coronavirus by mandating unsafe working conditions, causing at least one employee to contract COVID-19, bring it home, and see her cousin die. The complaint was filed on Wednesday in the federal court in Brooklyn, New York, by three employees of the JFK8 fulfillment center in Staten Island, and by family members. One employee, Barbara Chandler, said she tested positive for COVID-19 in March and later saw several household members become sick, including a cousin who died on April 7.

To Speed Delivery, Amazon Will Lease 12 New Cargo Aircraft, Open New Regional Air Hubs

Powerfully rising demand is hampering Amazon's ability to fulfill orders rapidly, leading the company to throttle back availability of faster delivery methods and adopt other measures to try to ease the pressure on its supply chain. Out of the dozen cargo jets newly leased from Air Transport Services Group (NASDAQ: ATSG) one is already in Amazon's hands and in use. Amazon Global Air VP Sarah Rhoads remarked about the leases, "During a time when so many of our customers rely on us to get what they need without leaving their homes, expanding our dedicated air network ensures we have the capacity to deliver what our customers want: great selection, low prices and fast shipping speeds."

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  Amazon Air adds 12 new aircraft to its cargo fleet, expands its ground operations

  TechCrunch
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  Amazon Air Expands Aircraft Fleet

  Business Wire

Earnings Picture to Improve After Q2

Earnings Picture to Improve After Q2

Tesla (TSLA) Gains But Lags Market: What You Should Know

Tesla (TSLA) closed the most recent trading day at $882.96, moving +0.16% from the previous trading session.

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  Paypal (PYPL) Stock Sinks As Market Gains: What You Should Know

  Zacks
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  Wells Fargo (WFC) Outpaces Stock Market Gains: What You Should Know

  Zacks

Facebook (FB) Stock Sinks As Market Gains: What You Should Know

Facebook (FB) closed at $230.16 in the latest trading session, marking a -1.1% move from the prior day.

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  Bed Bath & Beyond (BBBY) Gains But Lags Market: What You Should Know

  Zacks
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  Walgreens Boots Alliance (WBA) Gains But Lags Market: What You Should Know

  Zacks

Microsoft (MSFT) Gains But Lags Market: What You Should Know

Microsoft (MSFT) closed the most recent trading day at $185.36, moving +0.24% from the previous trading session.

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  Johnson & Johnson (JNJ) Gains But Lags Market: What You Should Know

  Zacks
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  Innoviva (INVA) Gains But Lags Market: What You Should Know

  Zacks

Dow Jones Futures Signal Pause In Coronavirus Stock Market Rally; Two Recent Breakouts Dive On Guidance

Futures signal a pullback with the Nasdaq nearing highs in the hot coronavirus stock market rally. Two software stocks dived below buy points

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  The Nasdaq trades within 2% of a record high as the unbearable lightness of the stock market continues

  MarketWatch
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  Nasdaq ends 1.4% off record close as stock-market lurches higher, following economic data pointing to less severe COVID-19 downturn

  MarketWatch

Europe pins hopes on smarter coronavirus contact tracing apps

European countries cautiously emerging from the onslaught of the coronavirus pandemic are looking to a second generation of contact tracing apps to help contain further outbreaks. The latest apps have big advantages over earlier ones as they work on Apple's iPhone, one of the most popular smartphones in Europe, and do not rely on centralized databases that could compromise privacy. Switzerland, Latvia and Italy have opted for Bluetooth short-range radio for their apps, based on technology from Apple and Google that securely logs exchanges on the smartphones of people who have been near each other.

Chase Koch joins 'Influencers with Andy Serwer'

In this week's episode of Influencers, Yahoo Finance Editor-in-Chief Andy Serwer speaks with Koch Disruptive Technologies President, Chase Koch, about his venture capital endeavor and what the company is doing to push Koch Industries into the future.

How to battle the bots on Facebook, Twitter and other social media and think for yourself

The late U.S. senator, ambassador and academic Daniel P. Moynihan once noted that “Everyone is entitled his own opinion, but not his own facts.” To suggest the world has changed since his day is a massive understatement. Most people fill their feeds with those with whom they are likely to agree.