Over the last 18 months, global M&A has taken one roller coaster of a ride – dropping during the early days of the pandemic, only to soar to new highs as vaccines rolled out and restrictions eased.
What Amazon’s Dethroning of Walmart Tells Us About Retail’s Future
This week, a report from The New York Times rocked the retail industry: The story said that Amazon (AMZN), the undisputed leader in U.S. e-commerce shopping, had finally eclipsed Walmart (WMT), the decades-long Goliath of retail shopping, in terms of total sales.
Top talent departs Jeff Bezos‘ Blue Origin as NASA lander fight escalates
Blue Origin has lost a number of key leaders and engineers this summer, CNBC has learned, with most leaving in the weeks after founder Jeff Bezos‘ spaceflight.
Charles Schwab to give most employees 5% raise, pushes back return to office
The brokerage announced a 5% pay raise for most of its employees on Thursday.
SpaceX adding capabilities to Starlink internet satellites, plans to launch them with Starship
Elon Musk’s SpaceX revealed new details about plans for the next generation of satellites in its Starlink internet system in federal filings on Wednesday.
Fed’s Jackson Hole symposium to take place virtually due to Covid risk
The Federal Reserve previously announced that Chair Jerome Powell will deliver remarks virtually.
Stocks making the biggest moves premarket: Deere, Foot Locker, Buckle, Spotify and more
These are the stocks posting the largest moves before the bell.
August is usually volatile for the market, but the Fed is a wild card and could agitate things further
The markets: It’s August, but it’s also Covid. Normal August trading flows are being greatly complicated by the delta variant.
Chinese regulators meet with developer Evergrande as scrutiny on real estate grows
Earlier this week, Chinese President Xi Jinping said at a high-level economic policy meeting that the country needs to prevent major financial risks.
Dow rebounds more than 200 points, but closes out a losing week
All three major stock indexes finished the week in red.