On today’s Amazon Go development, The Wall Street Journal now reports the inaugural beta location in Seattle just one of at least three prospective grocery store formats Amazon (NASDAQ:AMZN) is considering. These additional designs are claimed larger […]
Amazon unveiled plans Monday for Amazon Go, a store concept where shoppers will simply open a smartphone app and scan their phones when they enter, pick up the items they want and leave without stopping […]
While accepting short-term debt relief from the eurozone Tuesday, Greece asked Germany and the International Monetary Fund not to make its bailout negotiations contingent on austerity measures beyond 2018. “They must stop insisting on continuing […]
The five-year, five-year breakeven forward rate, a gauge of long-term inflation expectations for the eurozone, rose to 1.7052% Tuesday, the highest level in a year. The European Central Bank monitors this rate closely in an […]
The European Commission has approved Microsoft’s €24.5 billion takeover of LinkedIn after imposing conditions to ensure the deal doesn’t reduce competition. Microsoft must let manufacturers and sellers decide whether they install LinkedIn on Windows computers. […]
Capital outflows from China are forcing officials to weigh the benefits of a renminbi devaluation. Advisers to Beijing have recommended a 20% devaluation to stem the tide of outflows. Financial Times (tiered subscription model) (06 […]
The US Supreme Court has overturned an appeals court decision that awarded Apple a $399 million penalty from rival Samsung for a patent violation. The court determined that the company that infringed on the patent […]
WPP CEO Martin Sorrell has announced that Facebook is set to become the second-highest media supplier in 2017, behind Google. WPP will spend nearly $5.5 billion on Google this year and is expected to spend […]
The American economy will grow 2.2% in 2017, according to economists surveyed by the National Association for Business Economics. Those surveyed also predicted a 4.7% unemployment rate and an increase of 2.3% for consumer prices. […]
President-elect Donald Trump promised to apply a 35% tariff on goods made by US companies overseas that are shipped back to the US for sale as part of his promise to bring back manufacturing jobs […]
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