Amanda Gomez joined Reuters Breakingviews in January 2018. She previously held internships at CNN International and Argentina's Clarín newspaper. She has also worked as a business journalist at TheStreet.com covering the stock market and written about the food industry at trade publication The Food Institute. She completed her master’s degree at Columbia Journalism School in 2017 and has a bachelor’s in journalism and media studies from Rutgers University.
Jeff Bezos’s company is ditching its Big Apple HQ plan after local opposition to the $3 bln in incentives it would receive. It makes Amazon look short-term greedy and uninterested in community concerns. Punchy politicians, meanwhile, have cost the city jobs and tax revenue.
The beverage giant is forecasting reasonable sales and strong operating profit growth, but expects a big hit from currency moves. Cutting costs to compensate is hard amid competition from rivals like PepsiCo. If Coke can’t adjust, its premium valuation will have to instead.
The e-commerce giant’s plan for a second HQ is in jeopardy over local opposition. One idea would be to give up half of the $3 bln in incentives. Amazon can afford it, and rival Google created jobs for less. If that doesn’t quiet the critics, Amazon may be better off elsewhere.