Tag Archives: retail

“By partnering with Grubhub, we can bring robotic delivery to some of the people who need it most – students, researchers and professors who are short on time,” says Peter Szelei, Business Development Executive at Yandex SDG. “Not only do the rovers enhance the current food delivery options, but open new possibilities for smarter, better and faster dining.” “Imagine ordering morning coffee and grabbing it from a robot waiting at your doorstep as you head out to class, or studying in… Source link

Robinhood’s (HOOD) earnings call included a series of previously submitted shareholder questions ranging from “Will HOOD pay out a dividend in the future?” to “Is Robinhood getting a crypto wallet?” The investment app has no plans to issue dividends, and as for crypto wallets, “it’s something our team is working on” but it’s currently challenging because of scale, answered CEO Vlad Tenev.  In line with the company’s “democratize finance for all” theme, the trading platform allowed… Source link

Stocks fell on Tuesday, with the major indexes pulling back from record levels amid a mixed batch of earnings results from major retailers. A closely watched monthly report on retail sales also missed estimates, pointing to a bigger-than-expected deceleration in consumer spending. The S&P 500 declined after closing at an all-time high by the end of Monday’s session. That marked the index’s fifth consecutive record close. The Dow and Nasdaq also traded lower. Shares of Dow component Walmart ( Source link

By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales fell more than expected in July as shortages weighed on purchases of motor vehicles, suggesting a moderation in economic growth early in the third quarter. The weak sales reported by the Commerce Department on Tuesday also reflected a plunge in online purchases, payback after Amazon pulled forward its Prime Day to June from July. With the school year getting into full swing later in August and most education districts reverting to… Source link

Despite pulling back from recent highs, bitcoin, the world’s largest crypto by market cap, remains above a key long-term technical indicator, which reflects bullish market conditions. Prices are currently at about $46,350 after topping out at $46,453 in the last 24 hours, CoinDesk data show. The crypto is up 57% year to date and is making headway toward its all-time high of $64,829 on April 14. “After a quiet July, we’re seeing a return of retail investors,” said Caroline Bowler, CEO… Source link

Retail investors have upended conventional market dynamics in 2021, showing institutional investors and hedge funds that they are a force to contend with. “The one dynamic that will change is, I think, big institutionally-driven hedge fund players will not get out over their skis the way that Archegos did,” Keith Bliss, a former NYSE trader and president of Capital2Market, told Yahoo Finance (video above). “But what the instructive part of that whole episode was that these bigger… Source link

The S&P 500 swooned briefly this week, falling around 2.5% on July 19, before recovering through Friday. During that brief time, scores of retail investors trained by the mantra “buy the dip” did just that. So what happened? DataTrek’s Nicholas Colas hypothesized that the retail investor behavior we’ve seen play out over the past 18 months likely recurred. Searches for “Dow Jones” spiked during Monday’s market dip, Colas pointed out, and a note from Goldman Sachs indicated… Source link

Russian tech giant Yandex and online food delivery venture Grubhub have announced a multi-year partnership pitched at college campuses in the US. Financial terms of the tie up were not disclosed. Yandex autonomous delivery robots will join Grubhub’s platform, with the service set to be available at select college campuses this autumn. GrubHub partners with more than 250 college campuses across the US. “We chose to partner with Grubhub for campus delivery because of its unparalleled reach into… Source link

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Welcome back to the Daily Crunch for Thursday, June 17. Thank you to Walter Thompson and the Extra Crunch staff for taking the reins I took from Alex. I was released from jury duty, so I’ll be seeing you through the remainder of the week, and we’ll be back to regularly scheduled Alex in no time. But before we get on with the show, I want to let you… Source link

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