‘Love at first sight’: The bizarre story of how Amazon’s deal for Whole Foods went down – Business Insider

“Until death do us part,” said Whole Foods CEO John Mackey, who fell hard for Amazon after their blind date.AP Amazon shocked the world last week when it announced a $13.7 billion deal to buy organic-grocer Whole Foods — a warning shot that officially put competing grocers on notice and sent their shares tumbling.  In a town […]

Wall Street hits record highs on strong technology, health stocks – Reuters

NEW YORK U.S. stocks rose on Monday, with the S&P 500 and the Dow hitting record highs with growth sectors such as technology in favour again as investors appeared to regain confidence in the economy after upbeat comments from Federal Reserve officials. Nasdaq’s biotechnology index .NBI rose 2.5 percent in its biggest one-day gain since […]

Amazon-Whole Foods Deal Is Bad News For Store Cashiers And The Fight For $15 Minimum Wage – Forbes

Amazon-Whole Foods Deal Is Bad News For Store Cashiers And The Fight For $15 Minimum Wage – Forbes

(Photo by David Ryder/Getty Images) The Amazon-Whole Foods deal will have winners and losers. Among the winners will be consumers, as Amazon’s technology and superior services will provide more grocery options, saving them time and money at the same time. Among the losers will be traditional neighborhood stores, which won’t be able to compete with […]

Public ignorance, brown cows, and the origins of chocolate milk [updated with some additional information] – Washington Post

A new survey indicating that 7 percent of Americans believe that chocolate milk comes from brown cows has gotten a lot of media attention, including from NBC, Huffington Post, Food & Wine, and the Washington Post’s Wonkblog. As an example of public ignorance, this is not a particularly worrisome figure. As Caitlin Dewey notes in […]

Ruling on Dakota Access pipeline surprises oil industry – Washington Post

BISMARCK, N.D. — A judge’s ruling that might open the door for at least a temporary shutdown of the disputed Dakota Access pipeline surprised the industry that hailed the project as a “game changer” for North Dakota oil. But shippers said Thursday that they aren’t concerned that there will be any long-term disruption to service […]

Fed hikes interest rates despite declining inflation, sets plan for balance sheet reduction – CNBC

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Uber 2.0 doesn’t need a Travis 2.0 — even if he does change – Business Insider

Uber CEO Travis Kalanick. REUTERS/Adnan Abidi •Kalanick now needs to put his life ahead of his work. •We shouldn’t expect “Travis 2.0” to be that much different from “Travis 1.0” •The Uber crisis provides a moment to consider the moral fiber of the post-dot-come era. Following the release of a withering report on Uber’s workplace […]

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