Whether choosing restaurant dinners delivered to their door or at-home meal kits, many Americans have prioritized convenience over cost for the past two years. Food delivery was a big beneficiary. Now accelerating inflation, combined with easing fears about eating in restaurants as Covid cases drop, threaten to deflate the delivery boom. I
After the close of regular trading Wednesday, Amazon.com shares surged as much as 10% after the internet giant announced plans for a 20-for-1 split. The company also said it would buy back up to $10 billion of its stock.
Lofty prices for parody coins. Celebrity-driven commercials for trading platforms. A frenzy over non-fungible tokens has enticed famous names including former first lady Melania Trump. Even after a pullback in the past month, the cryptocurrency market remains full of frothy behavior.
At a congressional hearing on Tuesday, former Facebook Inc. product manager Frances Haugen didn’t need to convince lawmakers that the company has a big problem.
It has been a rough few weeks for Amazon.com Inc. shareholders. Since the company’s disappointing July earnings report, its share price has fallen by a double-digit percentage and its market value has dropped by a couple hundred billion dollars.