California is moving to eliminate fossil fuels from its fleet of 14,000 transit buses, enacting a first-in-the-nation mandate that will vastly increase the number of electric buses on the road
The US central bank is almost certain to raise rates at this week's meetings. But, as David Pollard reports, it's what it may say about future meetings that really matters to markets.
According to Business Insider, Amazon has been rethinking its strategy around items it sells that it refers to internally as "CRaP", which stands for "Can't realize a profit." Some of these items include things bottles of water, paper towels, and snack foods, which on average are sold for less than $15. Amazon is now eliminating some of the unprofitable items and is working with its manufacturers or vendors to repackage items so they're more profitable to sell online. The move shows that Amazon is not afraid to "throw its weight around with vendors".
Stocks fall sharply on Wall Street, shaving 496 points off the Dow Jones Industrial Average, as traders worry about signs of weaker economic growth in China and Europe
Business Insider reports Amazon is building an air hub at Fort Worth Alliance Airport in Texas. The air hub is expected to be fully operational next year, and will operate on the side of the airport also used by FedEx. According to Morgan Stanley analysts "AMZN's threat to UPS/FDX is growing and this is also a way for AMZN to save billions on shipping," .
A tech billionaire whose wedding violated California rules has helped create a smartphone app that shows users a map of more than 1,500 spots where people can get to the coastline
Stock markets are down after China reported disappointing economic data, stirring up worries about the impact of trade tensions on the world's second largest economy.
U.S. stocks fell on fears about global economic slowdown after weak data from China and Europe, with Johnson & Johnson plunging following Reuters story that said J&J knew about asbestos in Baby Powder for decades. Roselle Chen reports.
Business Insider reports Walmart has been on an online brands binge for several years now. Bonobos, ModCloth, and Art.com are just a few of the brands the retail giant has snapped up since 2010. The fact that many of the acquired companies belong to the realm of e-commerce indicates that this is all part of Walmart's ongoing battle with Amazon. But it's also about appealing to the younger, more affluent generation of consumers that flocks to brands like Bonobos and ModCloth.