Fox Business Flash headlines are here. See what’s clicking on FoxBusiness.com. Walmart and Instacart have teamed up to offer same-day delivery in four U.S. markets, the latest play by a major grocery store to partner with the delivery service. Walmart will be available through Instacart in Los Angeles, San Francisco …
Read More »The Hyperion hydrogen powered supercar can drive 1000 miles on a single tank
The Hyperion XP-1 will be able to drive up to 1,000 miles on a single tank of compressed hydrogen gas and its electric motors will generate more than 1,000 horsepower, according to the company. The all-wheel-drive car can go from zero to 60 miles per hour in just over two …
Read More »Stein Mart filed for bankruptcy, plans to close most stores for good
A Stein Mart store in King of Prussia, PA. Google Earth Off-price chain Stein Mart announced Wednesday that it has filed for Chapter 11 bankruptcy protection and plans to close most, if not all, of its stores permanently, adding to the turmoil in a retail sector that has been hammered …
Read More »Tencent profit rises as growth grows fastest pace since 2018
(Bloomberg) – Tencent Holdings Ltd. Revenue rose at the fastest pace in two years, triggering an economic downturn in China as it prepared for a ban on its WeChat messaging app by US President Donald Trump. Sales increased 29% to 114.9 billion yuan ($ 16.5 billion) in the three months …
Read More »Uber and Lyft must classify California drivers as employees, not independent contractors: judge
Tusk Ventures CEO Bradley Tusk provides insight into Uber. California Uber and Lyft drivers should now be classified as employees instead of independent contractors, a shift that would guarantee benefits such as overtime, sick leave and reimbursement of expenses for workers who make much of the economy for freewheeling. gig. …
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