Chipotle Mexican Grill‘s shares tumbled by almost 9 percent Thursday morning after the company announced its strategy to revitalize the fast-casual restaurant chain but provided few details on its future growth prospects. “The call was lighter on detail than we would have liked so we expect weakness in the stock today,” Peter Saleh, an analyst […]
Read moreAmazon’s interest in the prescription drug business as ripe for disruption took a huge leap forward with Thursday’s announcement that the e-commerce giant is buying online pharmacy PillPack. While the start-up is relatively small with about $100 million in revenue last year, it could serve as a beachhead for Amazon’s broader ambitions in health care. […]
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Amazon recently updated its Alexa app to make it even easier to use the Alexa voice assistant on your iPhone. That’s good news, because Siri still kind of stinks and Alexa has become much more powerful. While the app has always been the go-to place to manage any Amazon Echo devices you might own in […]
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Netflix’s global subscription expansion as well as gradual pricing increases put the company’s stock on track for even more upside over the next year, according to Macquarie Research. The firm raised its price target on the online video streamer’s shares to $430 from $336, reiterating its outperform rating and citing uplift in subscriptions to higher […]
Read moreIn 2014 Chinese President Xi Jinping called for a “robot revolution” in manufacturing. It’s now under way and boosting productivity, but there are adverse consequences. After decades of growth, rising wages are consuming profits and pushing manufacturing to Southeast Asia. Shanghai’s minimum monthly wage, for example, the highest in China, is 2,420 yuan (US$366.62), two […]
Read moreAmazon just introduced new software and accessories that will turn your Fire tablet into a portable Echo. The company on Thursday unveiled a new case and stand for the Fire HD 8 and Fire HD 10 tablet so those devices will act almost just like the Amazon Echo Show, a larger gadget that has a […]
Read moreKroger 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 […]
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