Aetna-CVS deal shows Amazon’s might

Aetna-CVS deal shows Amazon’s might

The Amazon effect has rocked bricks-and-mortar retail. Now it’s moving in on the health care market. Analysts say CVS Health Corp.’s $69 billion bid for Aetna Inc., marking the first time a large pharmacy chain has merged with a major health insurer, is a direct result of Amazon’s plan to enter the prescription drug market. […]

Amazon opens ‘Instant Pickup’ points in U.S. brick-and-mortar push

Amazon opens ‘Instant Pickup’ points in U.S. brick-and-mortar push

From Freedom’s Phoenix BERKELEY, Ca (Reuters) – Amazon.com Inc is rolling out pickup points in the United States where shoppers can retrieve items immediately after ordering them, shortening delivery times from hours to minutes, the company said on Tuesday. The world’s largest online retailer has launched ‘Instant Pickup’ points around five college campuses, such as […]

Amazon invents ‘smart’ convenience stores without checkouts or cashiers

Amazon invents ‘smart’ convenience stores without checkouts or cashiers

From Technocracy News The store tracks your every move and everything you put into your basket. When you are done, just walk out of the store. Your total balance is automatically charged to your debit/credit card. ⁃TN Editor Call it Amazon.com’s driverless store. The tech giant has built a convenience store in downtown Seattle that […]

Facebook, Amazon, Netflix, Google account for 90% of market cap gains since December 2014: Tonight, Amazon missed

Facebook, Amazon, Netflix, Google account for 90% of market cap gains since December 2014: Tonight, Amazon missed

By Mike “Mish” Shedlock In an interesting tweet that shows investor herding into a small subset of high-beta stocks, Jeff Macke notes Facebook, Amazon, Netflix, and Google, collectively named (FANG) account for over 90% of S&P 500 market cap gains since December 2014. Google Beats Both companies reported tonight. CNBC reports Google parent Alphabet sees […]

Amazon starts own air cargo and trucking services

Amazon starts own air cargo and trucking services

By Mike “Mish” Shedlock Evolution of Shipping After announcing Amazon Prime, free Two-Day Shipping for eligible purchases, Amazon followed up Air Prime, a future delivery system from Amazon designed to safely get packages to customers in 30 minutes or less using drones. The next logical step is for Amazon to cut out as many air […]

Amazon unveils new drone prototype for 30-minute deliveries; Google seeks drone deliveries by 2017

Amazon unveils new drone prototype for 30-minute deliveries; Google seeks drone deliveries by 2017

By Mike “Mish” Shedlock Drone delivery is coming, and faster than most think. Time Magazine disagrees. Time proclaims Here’s Why Drone Delivery Won’t Be Reality Any Time Soon Time notes the FAA will not have anything to do with autonomous deliveries other than line-of-sight, but I expect regulations will be worked out soon enough. Countries […]

Weak holiday hiring coming up?

Weak holiday hiring coming up?

By Mike “Mish” Shedlock Those expecting a big surge in seasonal hiring this year are likely to be wrong if outplacement firm Challenger, Gray & Christmas is correct. One relative bright spot is Amazon Hiring More than Penney’s, Walmart Combined. Leaving one widely watched holiday hiring forecast in the dust, Amazon (AMZN) said Tuesday that […]