The stock market is luvin’ McDonalds stock, which has continued its recent relentless rise to all time highs, up 26% YTD, oblivious to the carnage among the broader restaurant and fast-food sector. There is a reason for Wall Street’s euphoria: the same one we discussed in January in “Dear Bernie, Meet the “Big Mac ATM” That Will Replace All Of Your $15 Per Hour Fast Food Workers.”
As competition heats up in the sports apparel industry, Nike Inc. (NKE) may be preparing to sell their products directly to consumers through ecommerce giant Amazon (AMZN), according to a Goldman Sachs research note released Wednesday.
You may not see it yet, but the scale of the retail apocalypse is so massive that it is about to engulf the US economy. As when a flood tide has crept around you on all sides while you were standing on a high spot out on the flats, not paying attention, you can look up now and see it all around you, and it is coming in rapidly. You can now feel the current under your toes.
The bill, titled House Concurrent Resolution 89, was brought by Hawaii State Representative Chris Lee and was passed by both houses of the state legislature in a unanimous vote.
Amazon has announced plans to acquire leading US organic food grocer Whole Foods Market for $13.7 billion. The e-commerce giant is making a huge bet on physical stores and the business of food.
President Donald Trump issued an executive order Thursday to expand apprenticeship programs in an effort to close the skills gap weighing on businesses and workers in the nation’s labor market.
A secretive robotics startup has raised a new round of venture funding as part of its quest to replace humans with robots in the kitchens of fast-food restaurants.
The quarter-point interest rate increase expected this week will impact millions of borrowers, many of whom will find it difficult to make monthly payments on credit card and other types of debt that’s about to become more expensive.
President Trump lauded the opening of the nation’s first new coal mine in recent memory. Corsa Coal Company will operate the mine in Somerset County, Pa. – outside of Pittsburgh. Corsa CEO George Dethlefsen said the mine will be a boon to the struggling local economy.
The American e-commerce giant Amazon has announced that for the last 12 months the company has loaned $1 billion to small businesses.
Tesla passed GM and Ford by market cap in April, and now ranks 4th in the world behind Toyota, Daimler, Volkswagen.
The House of Representatives on Thursday passed legislation to roll-back and replace many of the financial regulations enacted during the Obama administration in reaction to the 2008 financial crisis.
Sears Holdings Corp (SHLD) will close an additional 72 stores, in addition to the more than 150 closings the company announced earlier this year, according to a Business Insider report.
We may soon be living in a world where farms are run by robots, as new farming technology threatens to phase out human involvement in farming processes. Agricultural engineers from the Harper Adams University in Shropshire, England, are exploring new ways of farming crops, aiming to be able to grow and harvest a field of cereal crop without humans setting foot on the farmland.
The FBI just reported that the number of gun sales background check for May was the highest ever for that month, 1,942,677, a trend that will make 2017 the first or second highest year for gun sales.
U.S. Treasury Secretary Steven Mnuchin on Friday discussed the importance of President Trump’s tax reform plan and why he supports the commander in chief’s decision to exit the Paris climate agreement.
Job creation fell sharply in May with just 138,000 new positions created, while the unemployment rate declined to 4.3 percent, according to Labor Department data released Friday.
The Social Security Administration billed taxpayers $32 million for work conferences, according to a new audit.
Thursday during his commencement speech at Harvard, Facebook CEO Mark Zuckerberg called for a “new social contract” with a “universal basic income.”
Democrats in Congress on Thursday introduced a bill that would increase minimum wage to $15 an hour by 2024, according to the Washington Examiner.
As CoinTelegraph.com reports, South Korean Bitcoin traders are facing asking prices of $4,500 as the virtual currency’s price continues to surge.
All indications point to Amazon.com expanding its business to include the sale of prescription pharmaceuticals in the near future, and it’s hardly surprising that they would want to move in that direction. After all, the sale of pharmaceuticals is big business.
The number of concealed carry permits in the United States has topped 15 million over the last year, according to data collected by the Crime Prevention Research Center.
US e-commerce giant Amazon intends to expand its cashier-free grocery stores to the UK after it successfully registered trademarks in the country.
The US territory of Puerto Rico has begun a historic bankruptcy proceeding. On Wednesday, a US federal judge will start to sort out the Caribbean Commonwealth’s $123 billion debt in a San Juan court.
This time Fitch was right. One month ago the rating agency listed 8 retail names that were most likely to file for bankruptcy next, just over a month later 1 out of the 8 was down, when teen clothing retailer Rue21 filed a prepackaged bankruptcy on Monday night in Pennsylvania bankruptcy court.
For those wondering about the true strength of the US economy, look no further than Americans’ post-“retirement” plans revealed in the latest Gallup survey, according to why only 25% of Americans plan to stop working past retirement age. Meanwhile, nearly two in three employed U.S. adults, or 63%, responded they plan to work past retirement age on a part-time basis, while an additional 11% said they will work full time once they hit retirement age.
Australian billionaire and manufacturing CEO Anthony Pratt said Friday on Fox Business that he is investing $2 billion in the United States because he has “confidence” in President Trump.
Citigroup listed seven companies as potential takeover targets for Apple Inc (AAPL), including Netflix (NFLX), Walt Disney (DIS) and Tesla Inc (TSLA), as a way to put its cash hoard of more than $250 billion to work.