A new Amazon Fresh grocery store in North Riverside recently opened using Amazon.com Inc.'s "Just Walk Out" cashier-less technology. The Seattle retail behemoth (Nasdaq: AMZN) said the new 40,000-square-foot store at 7201 W. 24th St. is its eighth Amazon Fresh store in Illinois. Amazon said the technology is also incorporated in its new Chicagoland stores in Morton Grove at 6939 Dempster St., Westmont at 30 W. 63rd St. and Naperville at 1351 E. Ogden Ave. They will be the first stores in the state to implement the system, which enables shoppers to enter the store, scan a credit card or an Amazon app, complete their shopping, and walk out without having to stand in a checkout line...
Continue ReadingAmazon.com Inc. just opened its largest grocery store yet in Manassas. The new Amazon Fresh store at Sudley Manor Square shopping center occupies roughly 45,000 square feet at 7807 Sudley Road, per public documents and confirmed by an Amazon spokeswoman. The shopping center is owned by Princeton Virginia LLC and is managed by Bethesda's Seneca Properties...
Continue Reading(Bloomberg) -- Salesforce Inc. shareholders rejected a proposal for a racial equity audit in a loss for activist investors.Most Read from BloombergTarget Tries to Save Itself by Putting Everything on SaleEating Two Portions of Fish Per Week Linked to Deadly Skin CancerChina Weighs Reviving Jack Ma’s Ant IPO as Crackdown EasesMusk Twitter Bid Counts Secretive $5 Billion Fund Among BackersMeta Halts Development of Apple Watch Rival With Two CamerasThe resolution called for the board to authorize a...
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Continue ReadingThere's been much talk and excitement following news of Amazon's (NASDAQ: AMZN) 20:1 stock split, but how does this change the landscape for those considering an Amazon investment? The truth is, despite the recent rally in Amazon shares, the stock split has no impact at all on the fundamentals of Amazon. Why would Amazon split?...
Continue ReadingLike a number of growth stocks, Bitcoin (CRYPTO: BTC) has crashed hard this year. The largest cryptocurrency is down more than 50% from its peak last fall as investors have moved away from risk assets and Bitcoin has failed to live up to its reputation as an inflation hedge. While some investors seem to believe that the cryptocurrency is cheap after falling so far from its previous peak, that argument seems suspect when taking a closer look...
Continue ReadingShares of MercadoLibre (NASDAQ: MELI), the Latin American e-commerce giant, tumbled 4.4% through 10:15 a.m. ET on Thursday after investment bank Citigroup cut its price target on the shares by 23%, to $1,150. Citi cited MercadoLibre's plans to keep growing its proprietary credit cards business as the reason for the price target cut, reports The Fly. MercadoLibre has always been more of an e-commerce marketplace than a credit card provider...
Continue ReadingAmazon (NASDAQ: AMZN) and Alibaba (NYSE: BABA) might initially look very similar. Both companies are e-commerce leaders that have built up massive cloud infrastructure platforms as their secondary businesses. Today I'll examine the key differences between Amazon and Alibaba, how they affect the market's perceptions of both stocks, and if either tech giant is still worth investing in...
Continue ReadingNow that Amazon (NASDAQ: AMZN) stock has split, investors can move past the drama and get back to focusing on the fundamentals. Whereas over the past few years the company has posted excellent performance and looked like a no-brainer buy, today growth is slowing down and even profitability is suffering. Is Amazon still the easy pick for a path to stock price appreciation?...
Continue ReadingWalt Disney (NYSE: DIS) stock is down 30% year to date, down over 45% from its all-time high set in March 2021, and is roughly the same price now as it was five years ago. Aside from panic-selling Disney stock, the worst mistake Disney investors can make right now is evaluating Disney+ similarly to other streaming services. Here's a better way to think about Disney+ and why the service is evolving into a gateway that propels customers toward bigger-ticket Disney products and experiences...
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