Whole Foods customers are one step closer to being able to ask Alexa to order their groceries. Whole Foods shareholders voted Wednesday to approve Amazon’s acquisition bid, and Amazon announced Thursday it would close the deal Monday. But what if you didn’t have to tell Alexa what you wanted? What if instead, she told you? […]
Read moreApple will invest at least $1.3 billion in the first phase of an Iowa data center project, CEO Tim Cook said on Thursday, in speech in that state that emphasized Apple’s push to “build a future for everyone.” Apple, like fellow technology companies Facebook, Microsoft and Google, will build a data center near Waukee, Iowa, […]
Read moreAs Amazon takes its first steps into the health sector, many established players say they have little to fear. As Walgreens CEO Stefano Pessina stressed on a recent earnings call with investors, Amazon has “opportunities around the world and in other categories, which are much, much simpler than health care, which is a very regulated […]
Read moreCommercial office space start-up WeWork announced it has $4.4 billion from SoftBank and its related Softbank Vision Fund, which includes other investors. The deal includes $1.4 billion earmarked to help WeWork expand throughout China, Japan and Southeast Asia, as well as $3 billion in growth funding into WeWork’s parent company. CNBC had previously reported that […]
Read moreAmazon announced on Thursday that its acquisition of Whole Foods will close on Monday. As the two companies work to integrate their business, all customers will immediately see “lower prices on a selection of best-selling staples across [Whole Foods] stores.” And Amazon promises “more to come,” as the internet giant begins to integrate Prime into […]
Read moreThe disruptive force of technology is killing off older companies earlier and at a much faster rate than decades before, causing big impacts for employees, investors and other stakeholders, according to a new report that hit Wall Street Thursday. “The average age of a company listed on the S&P 500 has fallen from almost 60 […]
Read moreMorgan Stanley said quantum computing will have dramatic implications across several industries during the next decade. Quantum computers use atomic particles and the laws of physics to perform calculations. They are faster than current computers and will enable much higher computing power, according to Morgan Stanley. “With more companies moving quantum computers from the lab […]
Read moreBillionaires Richard Branson and Bill Gates are both into it. So is legendary General Electric CEO Jack Welch. Elon Musk‘s brother Kimbal is too. Then there’s the venture capital firm DJF, which invested in Tesla, SpaceX and Skype, and food and agriculture behemoth Cargill. What’s got such a diverse group of successful leaders excited? Meat […]
Read moreLinkedIn co-founder Reid Hoffman’s first big win in business came at PayPal, where he was an executive vice president when eBay bought the company for $1.5 billion in 2002. But fifteen years later his experiences at PayPal make it hard for him to stomach investments in the payments space, Hoffman told CNBC’s Jon Fortt in […]
Read moreHTC, once a well-known smartphone maker, is reportedly looking to sell part or all of its business, according Bloomberg. HTC made its name building smartphones for carriers before launching HTC-branded devices, such as the popular One M7 that it sold several years ago. As competition from Samsung and Apple ramped up, however, HTC had a […]
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