Must Read Money Stories for Friday, Oct. 28

by October 28, 2016
"Global online retailer Amazon.com Inc. reported a smaller-than-expected gain in third-quarter profit after shipping costs climbed. (Photo via Pexels)."

Global online retailer Amazon.com Inc. reported a smaller-than-expected gain in third-quarter profit after shipping costs climbed. (Photo via Pexels)

Clinton Foundation donations worried aides

Newly released emails show Hillary Clinton’s ties to the Clinton Foundation and Bill Clinton’s private business ventures worried aides about how both would affect Clinton’s run for the White House. The New York Times reported the emails, which are being released by WikiLeaks over the course of this month, show Clinton’s closest advisors worked hard to distance Clinton from the foundation’s foreign donations and her husband’s personal income and gifts from foundation donors. While there is no evidence the Clintons did anything illegal, the foundation has come under scrutiny for its ties to foreign donors and the work Clinton did while she was Secretary of State. The New York Times reported advisers and aides closest to Clinton advised the foundation to scale back its public profile and foreign events ahead of the presidential race.

Amazon shares fall on smaller profit increase

Amazon shares dropped 4.3 percent in after-hours trading Thursday after the company also lowered its expectations for holiday sales. The Wall Street Journal reported Amazon has invested big in its heavily automated warehouses and logistics network, in addition to technology such as its popular Echo speaker device. Those investments have helped propel the company’s growth in recent years. Although the profit gain was smaller than expected, Amazon has posted six straight quarters of profits.

Trump brand may suffer after the campaign ends

Even if Donald Trump wins the White House, his brand may suffer long after the campaign ends, according to a CNBC All-America Economic Survey. The survey found that 26 percent of all Americans view the Trump brand name less favorably after his run for the White House, and just 4 percent hold a more favorable opinion. Sixty-four percent say their view hasn’t changed. The remaining six percent said they were not sure, CNBC reported. Nearly every demographic group thinks less favorably about the Trump brand than before his presidential campaign. The CNBC survey of 804 Americans around the nation was taken by Hart Research Associates on the Democratic side and Public Opinion Strategies on the Republican side.

Twitter struggling amid competition from Snapchat, Instagram

Twitter Inc. is struggling in the face of competition from rivals, including Instagram and Snapchat, reports this Reuters story on time.com. The social media giant said it would cut 9 percent of its workforce on Thursday and Twitter’s third-quarter growth slowed, despite beating analysts’ expectations, Reuters reported.  There is concern the layoffs could hurt the company’s image in San Francisco. The interactive microblogging platform said its user base climbed 3 percent to 317 million average monthly active users in the third quarter. Reuters said analysts on average had expected 316.3 million monthly active users, according to market research firm FactSet StreetAccount. Twitter had 3,860 employees as of June, Reuters data showed.