Shares 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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Walgreens Boots Alliance shares sank to a 52-week low Thursday as investors dug into the company’s third-quarter earnings results and Amazon announced a potentially disruptive deal. Shares cratered more than 10 percent in morning trading, at one point hitting a 52-week low of $59.33. Walgreens shares are now down more than 22 percent over the […]
Read moreA summit between Russian President Vladimir Putin and U.S. President Donald Trump will hold a summit on July 16 in Helsinki, the Kremlin and the White House said on Thursday, firming up the place and date for a meeting that had already been agreed on. “The two leaders will discuss relations between the United States […]
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Finding a pair of jeans that fit perfectly can be hard. LikeAGlove is trying to change that. The Israeli start-up created a pair of smart shorts that use sensors to take exact measurements of your waist and hips. After the data is synced with the app, a catalog pops up with listings from 15 major […]
Read moreAmazon‘s Prime Day is likely right around the corner, and that means the company will be pushing its own in-house brands with time-sensitive deals and deep discounts. This year, the e-commerce giant has much more to offer, according to a new report from One Click Retail. Amazon hasn’t announced the day of its annual shopping […]
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