Wednesday, 19 September 2018

Daily Investor Update: Amazon considering opening up to 3,000 cashierless stores by 2021: Bbg

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Amazon considering opening up to 3,000 cashierless stores by 2021: Bbg

Amazon.com Inc is considering a plan to open as many as 3,000 new Amazon Go cashierless stores in the next few years, Bloomberg reported https://www.bloomberg.com/news/articles/2018-09-19/amazon-is-said-to-plan-up-to-3-000-cashierless-stores-by-2021 on Wednesday, citing people familiar with the matter.

Trudeau urges some U.S. flexibility in NAFTA, talks seen slow

Canadian Prime Minister Justin Trudeau said on Wednesday he wanted to see flexibility from the United States if the two sides are to reach a deal on renewing NAFTA, which Washington insists must be finished by the end of the month.

Delta joins United, JetBlue in hiking U.S. baggage fees to $30

Delta Airlines Inc, the second-largest U.S. airline, on Wednesday joined other major airlines in hiking domestic flight baggage fees by $5 per bag to $30.

SEC sues U.S. breast-implant company's ex-CEO after stock dive

The U.S. Securities and Exchange Commission on Wednesday sued the founder and former chief executive of Sientra Inc for fraudulently concealing problems with his company's breast and other implants as it was raising $61.4 million in a public stock offering.

Alibaba's Jack Ma says can't meet promise to create 1 million U.S. jobs: Xinhua

Alibaba Chairman Jack Ma said the company can no longer meet its promise to create 1 million jobs in the United States due to U.S.-China trade tensions, Chinese news agency Xinhua reported on Wednesday.

Stocks rally for a second day, setting aside trade fears

World stock markets broadly rose for a second straight day on Wednesday, while safe-haven assets such as U.S. bonds and the Japanese yen slipped to multi-week lows on bets the ongoing U.S.-China trade spat would inflict less damage than feared.

DoubleLine's Gundlach warns U.S. Treasury yields headed higher

Jeffrey Gundlach, chief executive officer of DoubleLine Capital, on Wednesday said bond prices across the U.S. Treasury yield curve could fall if the 30-year yield closes above 3.25 percent twice in a row.

What sector overhaul means for tech stocks, Wall Street

The most significant changes to Wall Street's broad industry sectors since 1999 will take effect Monday, reclassifying many of the hot growth companies that have been nearly synonymous with the "tech" rally that has fueled the stock bull market.

U.S., China have lots of 'ammunition' and trade spat could escalate -WTO chief

The trade dispute between the United States and China could well expand into other areas given the significant "ammunition" the two countries have, the director-general of the World Trade Organization (WTO) said on Wednesday.

Nike's Kaepernick ad spurs spike in sold out items

Nike Inc has sold out 61 percent more merchandise since the controversial ad campaign featuring former NFL player Colin Kaepernick appeared earlier this month, according to data on the company's online sales from Thomson Reuters Proprietary Research.

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