Walmart Is Pulling The Plug On Its Prime Competitor In Favor Of Expanded Free Shipping

By Google News


Walmart Is Pulling The Plug On Its Prime Competitor In Favor Of Expanded Free Shipping
Walmart’s ShippingPass program – a fee-based, two-day shipping program – will never make it past the shipping phase. Piloted as a possible competitor to Amazon Prime, the world’s largest retailer has decided to go a different way with enticing

India freaks out over US plans to change high-skilled visas

Amid the hue and cry over President Trump’s travel ban, news of another potential change to American immigration rules has set off a panic attack in India’s tech industry.

Exxon Misses Estimates as $2 Billion Writedown Erodes Cash

Exxon Mobil Corp. missed analyst estimates after a $2 billion writedown in the value of U.S. natural gas fields. The most important business stories of the day.

Dollar heads for worst January in a decade

A woman counts U.S. dollars at a bank in Ho Chi Minh City, Vietnam, January 10, 2017. REUTERS/Kham. By Patrick Graham | LONDON. LONDON The dollar was on course for its worst start to a year in more than a decade on Tuesday after a trade adviser to …

Deutsche Bank’s Russian Scheme Isn’t Needed in 2017

Leonid Bershidsky is a Bloomberg View columnist. He was the founding editor of the Russian business daily Vedomosti and founded the opinion website Slon.

Wall Street falls the most this year as Trump honeymoon sours

NEW YORK Major U.S. stock indexes posted their largest drop so far in 2017 on Monday as investors worried that a curb on immigration ordered by Donald Trump was a reminder that some of the U.S.

Tesla Just Unveiled The World’s Largest Battery Storage Plant in California

Tesla (tsla) on Monday cut the ribbon on a massive battery storage facility in the California desert—the biggest of its kind on earth.

Potent euro zone growth, inflation pressures reluctant ECB

FILE PHOTO: A man passes a sign advertising the first day of winter sale shopping in a retail shop in Vienna, Austria, December 28, 2016.

Under Armour is crashing more than 20% after whiffing on earnings

Business Insider
The apparel company missed on both revenue and earnings per share against analyst expectations. Earnings for the fourth quarter came in at $0.23 per share against analyst expectations of $0.25.

Pfizer swings to a 4Q profit after rough year

U.S. News & World Report
Reduced spending on overhead and legal costs help drugmaker Pfizer Inc. end a difficult year with a fourth-quarter profit, after a loss a year ago, and the company forecast slightly higher revenue and profit for 2017.

U.S. Airlines Tumble Amid Fear Trump Travel Ban Will Spread

U.S. airlines tumbled the most in three months as concerns mounted that President Donald Trump’s ban on travel from seven predominantly Muslim nations will lead to more restrictions on flights.

Wall Street under pressure after worst day of the year

U.S. stock futures were under pressure this morning, after Wall Street on Monday posted its worst trading day of the year, as President Donald Trump’s temporary immigration ban jolted world markets.

Shell Sells $4.7 Billion of Fields as Disposals Accelerate

Royal Dutch Shell Plc, looking to pare debt swollen by last year’s acquisition of BG Group Plc, accelerated its drive to shed assets on Tuesday by agreeing to the sale of fields in the North Sea and Thailand for as much as $4.7 billion.

Kuroda on Cruise Control Belies Risks Trump Poses for BOJ

Optimistic economic forecasts and monetary policy settings that haven’t changed since September lend an aura of calm and control to the Bank of Japan.

Trump Vows to Dismantle Dodd-Frank ‘Disaster’

New York Times
President Trump signed an executive order on Monday requiring that with every new federal regulation proposed, two must be revoked.

UPS shares sink after earnings and revenue miss Streets’ expectations

United Parcel Service shares fell on Tuesday after the company reported quarterly earnings and revenue that missed Wall Street’s expectations.

Even Sprint beat AT&T and Verizon in customer growth

Sprint’s customer growth continues to see momentum. Jamie Squire, Getty Images. Customers are turning to Sprint again. In fact, they’re starting to look to the nation’s fourth-largest wireless carrier over stalwarts like AT&T and Verizon Wireless.

Fed likely to keep rates steady as it awaits Trump economic plan

The U.S. Federal Reserve is expected to keep interest rates unchanged on Wednesday in its first policy decision since President Donald Trump took office, as the central bank awaits greater clarity on his economic policies.

Ford breaks from Trump over ban as Detroit Muslims protest

The Boston Globe
Majed Moughni has lived the American dream: He climbed the ladder from impoverished refugee, to hotel dishwasher, to parking cars for Ford Motor Co.

Asian shares rattled by Trump policy worries, dollar soft

A man walks past an electronic board showing Japan’s Nikkei average (top L), the Dow Jones average (top R) and the stock averages of other countries’ outside a brokerage in Tokyo, Japan, January 26, 2017.

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