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Amazon cuts Whole Foods prices for Prime members in new grocery showdown
(Reuters) – Amazon.com Inc and Whole Foods Market are making a surgical strike in the already brutal grocery price war.
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Asian shares fall as North Korea suspends talks, U.S. yields climb
SHANGHAI/TOKYO (Reuters) – Asian stock markets dipped on Wednesday after Pyongyang abruptly called off talks with Seoul, throwing a U.S.-North Korean summit into doubt, while surging bond yields revived worries about faster U.S. interest rate hikes that could curb global demand.
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Amazon Prime members now get 10% off sale items at Whole Foods, plus other weekly discounts
Amazon announced today it will begin offering exclusive discounts to Prime …read more […]
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Starbucks says aims to triple China revenue by 2022
SHANGHAI (Reuters) – Starbucks Corp is looking to more than triple its revenue and almost double its store count in China over the next five years, doubling down on the market as traffic growth comes under pressure in the United States.
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Judge: Special counsel had authority to prosecute Manafort
Special counsel Robert Mueller was working within his authority when he brought charges against President Donald Trump’s former campaign chairman Paul Manafort, a federal judge in Washington ruled Tuesday. The decision was a setback for Manafort in his defense against charges of money-laundering conspiracy, false statements and acting as an unregistered foreign agent related to his Ukrainian political work. Manafort had argued that Mueller had exceeded his authority because the case was unrelated to Russian election interference. …read more […]
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Brazilian prosecutors charge JBS shareholder with corruption – source
BRASILIA (Reuters) – Brazilian federal prosecutors presented charges against Joesley Batista, a major shareholder in meatpacker JBS SA , another senior executive and a former federal prosecutor accusing them of corruption, money laundering and obstruction of Justice, a source familiar with the matter said on Tuesday.
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North Korea threatens to cancel US summit over drills
North Korea on Wednesday canceled a high-level meeting with South Korea and threatened to scrap a historic summit next month between President Donald Trump and North Korean leader Kim Jong Un over military exercises between Seoul and Washington that Pyongyang has long claimed are invasion rehearsals. The surprise declaration, which came in a pre-dawn dispatch in North Korea’s state media, appears to cool what had been an unusual flurry of outreach from a country that last year conducted a provocative series of weapons tests that had many fearing the region was on the edge of war. It’s still …read more […]
Business News
Asian shares lower as North Korea suspends talks, U.S. yields shoot higher
SHANGHAI (Reuters) – Asian markets fell in early trade on Wednesday after Pyongyang called off talks with Seoul, throwing a major U.S.-North Korean summit into question, and a spike in the U.S. 10-year Treasury yield to a seven-year high knocked sentiment on Wall Street.
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Highlights: Hedge funds chomped on FAANGs during first quarter tech turmoil
(Reuters) – The following are some hot stocks including the so-called FAANG technology stocks – Facebook Inc , Amazon.com , Apple Inc , Netflix Inc and Google parent Alphabet Inc – as well as other companies in which hedge fund managers either took new stakes, adding to or exiting existing positions in the first quarter, filings with the U.S. Securities and Exchange Commission showed on Tuesday.
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Hedge funds chomped on FAANGs during first quarter tech turmoil
(Reuters) – The following are some hot stocks including the so-called FAANG technology stocks – Facebook Inc , Amazon.com , Apple Inc , Netflix Inc and Google parent Alphabet Inc – as well as other companies in which hedge fund managers either took new stakes, adding to or exiting existing positions in the first quarter, filings with the U.S. Securities and Exchange Commission showed on Tuesday.
Business News
Meet Tesla’s new bondholder: Billionaire George Soros
NEW YORK (Reuters) – The investment firm founded and chaired by billionaire George Soros took a stake in Tesla Inc bonds during the first three months of the year, giving the electric carmaker run by Elon Musk a prominent supporter.
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How Rusal escaped the noose of U.S. sanctions
LONDON/PARIS/WASHINGTON (Reuters) – They were supposed to be the toughest sanctions the United States had ever imposed on a Russian oligarch. Seventeen days later, Washington watered them down.
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U.S. agencies moving forward with proposing fuel economy revisions
WASHINGTON (Reuters) – The Trump administration is moving ahead with plans to submit a series of options for softening fuel efficiency standards to the White House for approval in the coming week, two officials briefed on the matter Tuesday said.
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Berkshire doubles Teva stake, adds to Apple, ends a newspaper bet
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Tuesday said it has more than doubled its investment in generic drugmaker Teva Pharmaceutical Industries Ltd , and confirmed it has become Apple Inc’s second-largest shareholder.