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John Brennan Security Clearance Revoked

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  President Trump has revoked the former C.I.A. Director John Brennan's security clearance. The White House said it's considering pulling the security clearances for other former top officials many of whom have been critical of the president. "I'd like to begin by reading a statement from the president. 'I've decided to revoke the security clearance of John Brennan, former director of the Central Intelligence Agency. At this point in my administration, any benefits that senior officials might glean from consultations with Mr. Brennan are now outweighed by the risks posed by his erratic conduct and behavior.'" President Trump has taken away John Brennan's security clearance and says he's considering doing the same to other former national security officials. That's even though two of the officials, including the former F.B.I. director James Comey, no longer have clearances. "I think he has demonstrated time and time again that he lies t
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Amazon will overtake Walmart as the largest U.S. retailer in 2022, JPMorgan predicts.

 Amazon is on track to overtake Walmart as the largest U.S. retailer in 2022, according to JPMorgan research released Friday.


Amazon's U.S. retail business is the "Fastest growing at scale," according to the company's analysts.

Neither Amazon nor Walmart break out GMV in their quarterly earnings results, but JPMorgan estimates Amazon's GMV is growing faster than its largest retail competitor.

JPMorgan analysts said Amazon's GMV in 2020 climbed 41% year over year to $316 billion, while Walmart's GMV is estimated to have grown 10% year over year to $439 billion in 2020.

"Based on current estimates, we believe Amazon could surpass Walmart to become the largest U.S. retailer in 2022," J.P. Morgan analysts Christopher Horvers and Doug Anmuth wrote Friday.

The coronavirus pandemic rapidly accelerated the adoption of e-commerce and cemented Amazon's dominance in the retail space.

JPMorgan estimates Amazon expanded its share of the U.S. e-commerce market to 39% in 2020, up from 24% in 2014.

Amazon is on track to "Become one of the largest delivery companies" in the U.S., analysts at Bank of America wrote in research published Tuesday.

In recent years, Amazon has quietly built a shipping operation that rivals the likes of UPS, FedEx and the U.S. Postal Service.

Amazon currently delivers packages for other businesses in the U.K. and could one day expand that service to the U.S. MWPVL estimates Amazon handled about 5 billion of the 7.35 billion packages it shipped in 2020.


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