Amazon.com has been one of the most innovative and disorganized companies of this century, with incredible success in areas beyond historically considered its core business (book sales). Thus every ad or speculation Amazon AMZN, -0.96% Whoever enters a particular industry sends the shares of that industry into the tailspin. Investors …
Read More »A large Dutch grocery company is buying Freshdirect
The two companies announced the deal on Wednesday, but did not disclose the terms of the transaction. The deal is expected to close next year. Fresh Direct will retain its name and operate outside of New York City, where it was launched in 2002. Ahold Dealize (ADRNY), Formed in 2016 …
Read More »Nvidia crushed earnings estimates. Its stock is slipping
The size of the text A sign has been posted in front of the Nvidia headquarters Justin Sullivan / Getty Images Nvidia returned to its roots late Wednesday when earnings were reported to have outpaced the data-center business by selling videogame chips, as the company re-established itself in a position …
Read More »Apple will cut app store fees by half to 15% for small developers
Apple Paul CEO Tim Cook speaks at the Apple Paul Worldwide Developer Conference (WWC) on Monday, June 4, 2018 at the San Jose Convention Center in San Jose, California. Josh Adelson | AFP | Getty Images Apple Pull will reduce its App Store commission rate for software developers with less …
Read More »Leaving meat ahead, plant-based pork has been launched in China
The California-based company unveiled its latest product on Wednesday: minced “pork without meat.” The new product aims to mimic the flavors of popular fillings used in many Asian dishes, such as dumplings and spring rolls. Beyond says it will be served to customers in dishes such as ramen toppings and …
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