Friday, June 16, 2017

Amazon is buying Whole Foods for $13.7 billion

Amazon is making an even bigger move into brick and mortar retail by agreeing to purchase organic grocery giant Whole Foods.
CNNMoney Markets Now
 
Dow Nasdaq S&P
+24.38   -13.74   +0.69
21,384.28   6,151.76   2,433.15
+0.11%   -0.22%   +0.03%
YTD +8.21%   YTD +14.28%   YTD +8.68%
 
Biggest Winners
Whole Foods Market Inc +29.10%
 
Murphy Oil Corp +4.23%
 
Occidental Petroleum Corp +4.09%
 
ONEOK Inc +4.06%
Biggest Losers
Kroger Co -9.24%
 
Costco Wholesale Corp -7.19%
 
AutoNation Inc -5.73%
 
Kimco Realty Corp -5.42%
Hottest ETF
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NYSE Market Volume
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Oil $44.72 -0.02 / -0.04%
Gold $1,256.20 -0.30 / -0.02%
10-yr 2.16% -0.01 / -0.23%
Euro $1.12 +0.00 / +0.40%
News: What you need to know about the markets
 
 
Amazon is buying Whole Foods for $13.7 billion
Amazon is making an even bigger move into brick and mortar retail by agreeing to purchase organic grocery giant Whole Foods. Read more »
 
New Wells Fargo scandal over modifying mortgages without authorization
Wells Fargo has been hit with a new class action lawsuit over allegations the bank modified bankrupt homeowners' mortgages without their authorization, causing the amount of interest owed to skyrocket. Read more »
 
Grocery wars! Amazon and Walmart crush Kroger
Supermarket chain Kroger cut it profit outlook for the year, sending its stock plunging nearly 20% in the process. Falling food prices are a problem. But growing competition from Amazon, Walmart and European grocers are a big threat too. Read more »
 
'Soup Nazi' company files for bankruptcy
Soupman, made famous by a beloved Seinfeld episode, filed for bankruptcy this week following the arrest of a top exec charged with tax evasion. Read more »
 
Big Oil needs to spend $350 billion...on wind and solar
Big Oil may be ignoring the rapid growth of solar and wind energy at its own peril. Wood Mackenzie estimates in a report this week that traditional energy companies need to spend $350 billion on renewables to catch up with the enormous growth there. Read more »
 
Airline stocks finally back to pre-9/11 levels
Flying on a commercial airline may be a maddeningly frustrating experience. But airline stocks are booming thanks to strong demand for travel, less competition and an increase in fees that have helped boost airline profits. Read more »
 
 
 
 
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