Thursday, June 15, 2017

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.
CNNMoney Markets Now
 
Dow Nasdaq S&P
-14.66   -29.39   -5.46
21,359.90   6,165.50   2,432.46
-0.07%   -0.47%   -0.22%
YTD +8.08%   YTD +14.53%   YTD +8.65%
 
Biggest Winners
H & R Block Inc +3.02%
 
Harley-Davidson Inc +2.91%
 
Alliance Data Systems Corp +2.77%
 
C.H. Robinson Worldwide Inc +2.37%
Biggest Losers
Kroger Co -18.89%
 
Nucor Corp -7.63%
 
Whole Foods Market Inc -6.74%
 
Mattel Inc -6.68%
Hottest ETF
Hottest ETF
NYSE Market Volume
NYSE Market Volume
Key Stats Latest Today's Change
Oil $44.40 -0.06 / -0.13%
Gold $1,256.20 +1.60 / +0.13%
10-yr 2.16% +0.02 / +1.08%
Euro $1.11 -0.01 / -0.58%
News: What you need to know about the markets
 
 
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 »
 
CEOs to Trump: You're failing
A stunning 50% of the CEOs, business execs, government officials and academics surveyed at the annual Yale CEO Summit would give Trump an "F" for his first 130 days in office. Read more »
 
What Trump doesn't understand about the poor
The American Dream is no longer a house with a yard and pretty fence. It's a stable paycheck, according to a groundbreaking new book, "The Financial Diaries" that follows 235 low and middle class families. Read more »
 
 
 
 
Hi, let us know what you
think of this newsletter!
 
Tell us what you want to read more of... and less of.
Email your tips and feedback to MarketsNowFeedback@turner.com
Sign up for
Quest Means Business
newsletter
  Sign up for
Before the Bell
newsletter
CNNMoney Investing App
 
Tips, thoughts or questions are always welcome at
MarketsNowFeedback@turner.com
 
® © 2016 Cable News Network Inc.
A Time Warner Company. All Rights Reserved.
You are receiving this message because you subscribed to
CNNMoney's "Markets Now" newsletter.

Our Mailing address is:
Cable News Network, Inc.
Attention: Privacy Policy Coordinator
One CNN Center, 13 North
Atlanta, GA 30303
 
                                                 






This email was sent to Reed791.worldnews@blogger.com
why did I get this?    unsubscribe from this list    update subscription preferences
Cable News Network, Inc. · Attention: Privacy Policy Coordinator · One CNN Center, 13 North · Atlanta, GA 30303 · USA

No comments:

Post a Comment

NFL winners, losers: What's wrong with perennial contender?

A marathon Sunday of Week 5 produced plenty of winners and losers, with the 49ers and Bills among the teams sparking concerns. ͏‌ ͏‌ ͏‌ ...