Kroger announced plans Thursday to partner with driverless car company Nuro to deliver groceries using its autonomous vehicles. The partnership comes as the U.S.’s largest grocery players continue to tackle the expensive challenge of “last mile delivery” — the final step in getting a product to a shopper’s home. It is a feat that is […]
Read moreThe nonprofit OpenAI, co-founded and backed by billionaire tech titan Elon Musk, has built a team of robots that beat a team of humans at the complex video game Dota 2. The feat impressed billionaire Microsoft co-founder Bill Gates. “#AI bots just beat humans at the video game Dota 2. That’s a big deal, because […]
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Silicon Valley has long enticed prospective employees with lavish perks — free food being the most common. Dropbox has taken this idea to the next level with its Tuck Shop, a cafeteria serving up dishes you’d just as likely find in fine dining establishments. From growing microgreens and making its own ice cream to providing […]
Read moreAmazon is acquiring online pharmacy PillPack in a deal that could shake up the drugstore industry. Terms of the deal were not disclosed. The companies expect the deal to close during the second half of the year. The deal is the strongest indication yet of Amazon’s intent to move further into the health-care industry. It […]
Read moreShares of drugstore companies are tumbling Thursday after Amazon announced it signed an agreement to acquire online pharmacy PillPack. Walgreens Boots Alliance stock plunged 9.7 percent, while CVS Health fell 9.3 percent and Rite Aid dropped 10 percent respectively. PillPack is an online pharmacy that packages, organizes and delivers pre-sorted doses of medications. In November […]
Read moreInvestors may want to hold on tight. Todd Salamone of Schaeffer’s Investment Research suggests the stock market’s wild ride will intensify this summer and could take the major indexes down with it. The firm’s senior vice president of research cites an unusual scenario that materialized around the June Federal Reserve rate hike that bodes poorly […]
Read moreCurrency, United States Finance
Iran sanctions could soon push oil prices above $90 a barrel, Bank of America Merrill Lynch says
President Donald Trump’s sustained bid to disrupt Iran’s petroleum exports could soon help to push oil prices above $90 a barrel, analysts told CNBC on Thursday. Crude futures were seen hovering close to multi-year highs during early afternoon deals, after a bigger-than-expected drop in U.S. stockpiles added to a rally fueled by a major Canadian […]
Read moreThe U.S. economy slowed more than previously estimated in the first quarter amid the weakest performance in consumer spending in nearly five years, but growth appears to have since regained momentum on the back of a robust labor market and tax cuts. Gross domestic product was increased at a 2.0 percent annual rate in the […]
Read moreOne top Wall Street firm believes Google-parent company Alphabet needs take dramatic measures to compete with the success of the Amazon Echo. Morgan Stanley told its clients the internet giant should defend its retail ad sales turf by giving away its Home Mini devices, and it wouldn’t cost that much. “We argue Alphabet needs more […]
Read moreA relief rally in stocks will arrive in October but President Donald Trump isn’t finished with his trade demands, according to an investment bank specializing in emerging market assets. The threat of U.S.-led protectionism has sent capital flowing out of riskier emerging market (EM) assets. The MSCI index of developing-nation stocks on the cusp of […]
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