Salad bars are magnets for bacteria and viruses. Even if the sprouts and ranch dressing aren’t tainted, the serving utensils may be. The Silicon Valley start-up Chowbotics has devised what it says is a partial solution. Its device, which it calls Sally the Salad Robot, is aimed at reducing the risk of food-borne illness by […]
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Shares of drugmakers dropped in midday trading Friday after CNBC reported Amazon is in the final stages of considering an entrance into selling drug prescriptions. Walgreens, Rite Aid and CVS Health stocks each slipped 4 percent or more as investors worried Amazon may disrupt the traditional distributors’ hold on the drug prescription market. Amazon will […]
Read moreAmazon is in the final stages of figuring out its strategy to get into the multibillion dollar prescription drug market. The company will decide before Thanksgiving whether to move into selling prescription drugs online, according to an email from Amazon viewed by CNBC and a source familiar with the situation. If it decides to make […]
Read moreGoPro investors are overreacting to the potential threat from Google’s new camera product, according to JPMorgan. Alphabet unveiled its new pocket-sized Google Clips camera on Wednesday. GoPro shares fell a total of 13 percent Wednesday and Thursday due to the announcement. Google Clips is “not a short-term threat … [It is] not designed as a […]
Read moreWhen it comes to business, Apple design chief Jony Ive said he’s bad with numbers — but he’s good at telling when an existing product is loathsome. Ive spoke with The New Yorker editor David Remnick at The New Yorker TechFest in Manhattan on Friday, on the heels of the unveiling of Apple’s 10th anniversary […]
Read moreNetflix is up almost 90 percent on the year — and one VC investor gushed to CNBC Friday about how well an early investment in that company has performed for them. “Foundation Capital has invested in about 200 companies over the course of our history. Netflix is on the way to actually equaling or exceeding […]
Read moreCostco Wholesale‘s conference call with investors about its latest quarterly earnings report is “very disturbing,” CNBC’s Jim Cramer said Friday. In the call, Costco Chief Financial Officer Richard Galanti addressed concerns about Amazon Prime accounts impacting Costco memberships. Galanti said slowing membership signups were a result in part of the timing of new initiatives the […]
Read moreIf you’ve ever seen a black and yellow sign in New York City marking a nuclear fallout shelter, don’t be fooled into trying to take cover there. In all likelihood, the bunker no longer exists. The signs that you see speckled across the city are historic relics of the Cold War, harking from a time […]
Read moreHurricanes Harvey and Irma did a number on the September job report. That the storms hit job growth hard during the month is no surprise, and while there was much uncertainty over how bad the hit would be, it was worse than most economists, including me, anticipated. The biggest economic casualties of the storms were […]
Read moreAIM is putting up a permanent away message. AOL’s instant messenger announced Friday it’s shutting down effective Dec. 15. It thanked it’s “buddies” in a tweet for helping to make chat history. tweet “AIM tapped into new digital technologies and ignited a cultural shift, but the way in which we communicate with each other has […]
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