An experiment in making shopping and coffee buying extra convenient is expanding in New York City. A second Starbucks (SBUX) – Get Starbucks Corporation Report Pickup with Amazon Go (AMZN) – Get Amazon.com Inc. Report opened July 12 in the New York Times Building in New York. The store is a combination of Starbucks Pickup and Amazon Go.…
Retailers are always inordinately excited to announce that they will be dropping off their customers’ orders by drone — Walmart (WMT) – Get Walmart Inc. Report first said that it would start using them to drop health and wellness orders to rural parts of Arkansas in the fall of 2021. Amazon (AMZN) – Get Amazon.com Inc.…
(Elon Musk is usually in a big hurry.) – Get Twitter Inc. Report The CEO of Tesla, founder of SpaceX, the Boring Company and Neuralink is used to juggling lots of projects simultaneously. He famously moved his electric vehicle company to Texas from California, so he could avoid regulatory entanglements and get its new, enormous…
Elon Musk and the management of Twitter ( (TWTR) – Get Twitter Inc. Report) are at loggerheads. The two parties are now preparing for their legal battle, the outcome of which will undoubtedly have repercussions on mergers and acquisitions in the future. After nearly three months of a saga marked by twists and surprises, the…
Updated at 7:44 am EST U.S. equity futures extended declines Thursday, while the safe-haven dollar consolidated gains against its global peers and oil prices slumped, as investors reacted to white-hot June inflation reading that has re-set expectations for Fed rate hikes. Stocks were also hit by a weaker-than-expected second quarter earnings report from JPMorgan (JPM)…
Updated at 8:04 am EST JPMorgan Chase & Co (JPM) – Get JP Morgan Chase & Co. Report posted weaker-than-expected second quarter earnings Thursday as loan growth slowed amid inflation uncertainty in the world’s biggest economy and the bank set aside more than $1 billion to cover credit risk. JPMorgan said earnings for the three months…
A potential recession will not spare many multinationals, that’s what investors who are liquidating their positions in tech giants seem to think. Alphabet ( (GOOGL) – Get Alphabet Inc. Report), the parent company of Google, seems to prove them right. The Mountain View-based, California company is preparing for tough times. Indeed, Sundar Pichai, the CEO,…
Amazon’s (AMZN) – Get Amazon.com Inc. Report Prime Day – actually it’s Days, July 12-13 – appears to be going well. During the first 32 hours, the average expenditure per order was $53.14, up 13% from $47.14 in the year-earlier period, according to market research firm Numerator. To be sure, whether Amazon’s total sales for the…
Amazon (AMZN) – Get Amazon.com Inc. Report Prime Day delivers a sort of adult Christmas in July. The annual event delivers Black Friday-like sales in the heart of the summer — at a time when nothing else is happening and back-to-school and the holiday season still seem a bit far off. It’s a chance to…
Canoo (GOEV) – Get Canoo Inc. Report, a young electric-vehicle manufacturer navigating serious financial stresses, got a lifeline just when it needed it. The financial problems have clouded Canoo’s future, to the point where analysts were wondering whether the company would file to reorganize or would be bought by either a competitor or by a company…
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