Amazon’s PillPack acquisition on Thursday is more than just a sign of the e-commerce giant’s growing interest in the pharmaceutical market. It also underscores a more aggressive buying pattern. With the PillPack deal, which is reported to be worth around $1 billion, Amazon has spent almost $2 billion on acquisitions in the first six months […]
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Some of Wall Street’s most hated stocks are surging. Only one deserves any love, market watcher says
Call it a love-hate relationship. Investors have bet heavily this year that a number of stocks would fall, but in some cases, the exact opposite has happened, fueling some very large gains in those very same stocks. Advanced Micro Devices, Rent-a-Center, Shake Shack and Restoration Hardware — all stocks with high short interest – have […]
Read moreAhead of the U.S. elections in November 2018, Facebook and Twitter announced new programs to provide clarity over what ads are running on their platforms and who is buying them. Facebook announced it was expanding its View Ads program on Thursday. View Ads, which initially launched in Canada, allows users to see every live ad […]
Read moreWhen Microsoft agreed to acquire software developer platform GitHub for $7.5 billion in early July, Google Cloud CEO Diane Greene may have breathed a sigh of disappointment. “I wouldn’t have minded buying them,” she said on stage at a Fortune Magazine event Wednesday night in San Francisco. People familiar with the situationhad previously told CNBC […]
Read moreAmazon is getting into health care. The company’s Thursday announcement that it’s buying online pharmacy Pillpack puts any doubt to rest. The company hasn’t spoken much about its plans, as it’s still determining the scope through a series of brainstorming sessions with experts in the space, but its acquisitions, hiring trends and recent product development […]
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IT OFTEN arrives as you stroll from the kerb to your front door. An e-mail with a question: how many stars do you want to give your Uber driver? Rating systems like the ride-hailing firm’s are essential infrastructure in the world of digital commerce. Just about anything you might seek to buy online comes with […]
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“MONEY often costs too much,” quipped Ralph Waldo Emerson. But a new study suggests that since 1950, the price of buying it with labour in America has fallen. Greg Kaplan of the University of Chicago and Sam Schulhofer-Wohl of the Federal Reserve Bank of Chicago have linked measures of how Americans today feel about various […]
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CENTRAL bankers and economists have spilled much ink in recent years on the question of why wages have not grown more. The average unemployment rate in advanced economies is 5.3%, lower than before the financial crisis. Yet even in America, the hottest rich-world economy, pay is growing by less than 3% annually. This month the […]
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IN MAY 1945 John Maynard Keynes wrote a memo on the post-war economy. In it he argued that Britain should seek to be in the mainstream of global commerce. It would suit finance as well as industry to have the whole world as a playground, he wrote. “We built up the pre-war sterling area because […]
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MOST startups proudly announce their presence on buildings, billboards and any surface offering visibility. Not Coinbase, a crypto-currency startup. Visitors to its headquarters on a high floor of an office tower in San Francisco find themselves before an unmarked door and doorbell. They are asked to confirm by intercom which firm they intend to see. […]
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