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Thread: Business news 2019

  1. #81
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    More than 15,000 retail stores in the US have gone out of business since 2017. Another 75,000 could close by 2026 as more and more people shop online. Jeff Bezos probably is not complaining.

    'Retail apocalypse' now: Analysts say 75,000 more US stores may be doomed

    https://www.msn.com/en-us/money/comp...med/ar-BBVNB0I

  2. #82
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    We are continually bombarded with advertising: radio, television, magazines, newspapers, billboards, websites, robocalls -- and Walmart is going to do its small part to make sure the bombardment continues. But, hey, if there's money to be made.....

    Walmart acquires Silicon Valley startup Polymorph Labs as it works to build an advertising business like Amazon's

    https://www.businessinsider.com/walm...isition-2019-4

  3. #83
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    Amazon sold nearly $300 billion worth of goods last year -- so I wouldn't start feeling sorry for Jeff Bezos just yet.

    Jeff Bezos just confirmed Amazon's growth is slowing

    https://www.latimes.com/business/la-...411-story.html

  4. #84
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    Uber is going public after losing $1.8 billion in 2018. Yeah, what a great investment opportunity, eh?

    Uber files to go public after a long, bumpy road

    https://www.cnn.com/2019/04/10/tech/uber-ipo/index.html

  5. #85
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    Amazon is erecting huge tents for the sorting and loading of packages. The battle to be the dominant parcel delivery service is really getting in-tents. (Ouch!)

    Amazon is delivering packages out of giant 'carnival' tents in a mad race to catch up to UPS, FedEx, USPS

    https://www.businessinsider.com/amaz...s-fedex-2019-4

  6. #86
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    "Alexa, can you tell me if Amazon respects and values my privacy?" "I would have to say no. Here is a story for you."

    Amazon reportedly employs thousands of people to listen to your Alexa conversations

    https://www.cnn.com/2019/04/11/tech/...ing/index.html

  7. #87
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    Retailers' woes are worsening.

    Bed Bath & Beyond to close 40 stores

    https://www.cnn.com/2019/04/13/busin...ing/index.html

    Fred's to close 159 stores and start clearance sales at 360 locations

    https://www.usatoday.com/story/money...es/3425057002/

    US retail stores' planned closings already exceed 2018 total

    https://www.nytimes.com/2019/04/12/b...-closings.html

  8. #88
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    AT&T sold its 9.5% interest in Hulu for $1.43 billion in a deal that values Hulu at $15 billion. AT&T's WarnerMedia will start its own streaming service this year. It will compete with Disney+. Good luck with that!

    Hulu buys back AT&T's stake, leaving Disney and Comcast as co-owners

    https://www.engadget.com/2019/04/15/...ney-as-owners/

  9. #89
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    Brothers Henry and Richard Bloch founded a tax preparation business in 1955 in Kansas City. Realizing their name could be mispronounced as "blotch," they called their company H&R Block. It is now the world's largest tax-services provider, with 12,000 offices in the US, Canada, India and Australia. Richard died in 2013. Henry died today – and H&R shares (NYSE: HRB) fell 0.40 (1.5%) to close at 26.31.

    H&R Block co-founder Henry Bloch dies at 96

    https://www.kshb.com/news/local-news...och-dies-at-96

  10. #90
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    Two Kroger markets and six Walgreens are testing these "embedded cameras," supposedly so they can target individual shoppers with specific ads on video screens attached to the shelves. Yeah, we don't see nearly enough advertising each day. And these Orwellian cameras analyze each shopper's emotional state. That is an invasion of privacy – and it's scary.

    Coming to store shelves: cameras that can guess your age, gender and mood

    https://www.king5.com/article/news/n...d-b696ff4e9dad

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