This does not mean Amazon would not buy a department store. I can certainly picture it acquiring Nordstrom (NYSE: JWN); which has a “best in the industry” reputation, and a loyal customer following much like Whole Foods. It also likes to implement next generation retail practices like setting up “storefronts” for online merchants and Tesla dealerships in its stores.Read more
There is a simple reason why Disney and Verizon do not need each other both companies are making a lot of money without each other. Ycharts data indicates that these companies are doing great on their own.Read more
That means medallions are still valuable they’re just not as valuable as they used to be. One interesting pool of customers for them in the future might be successful Uber and Lyft drivers trying to branch out to new businesses.Read more
Is Uncle Warren right would single-payer reduce healthcare costs? Maybe; remember we already have single-payer for seniors in the form of Medicare, and it does a lousy job of controlling costs. One reason for this is that the Centers for Medicare and Medicaid are barred from negotiating for prescription drug prices.Read more
A shortage of parts might push the price on the most expensive Apple (NASDAQ: AAPL) smartphone; the iPhone 8 to $1,399 (€1,226.06), analyst John Gruber told CNBC. Gruber thinks the iPhone 8 base price will be $1,199 (€1,050.79) and the highest end model will cost $1,399 (€1.226.06).Read more
Publicity about the possible automation caused McDonald’s share price to increase by $38 a share during the week of June 19 to 23, CNBC reported. Mickey D’s shares went from $142 to $180 in just a few days. They fell back to $154 on Monday June 26, 2017, but were still grossly overpriced.Read more
A leaderless Uber with its value destroyed will be a natural acquisition target.Read more
My take is that Uber is about to lose most of its value and possibly collapse. All it will take is a few seconds of TV news footage of FBI agents taking Kalanick away in handcuffs to destroy Uber.Read more
The gravest danger here is that there is no safety net for gig economy workers. Many of them are not eligible for unemployment insurance and a lot of them have no savings.
The sudden closing of something like Uber would throw hundreds of thousands out of work at once. A great many of them would have nowhere to turn but Food Stamps or worse the Food Pantry.Read more
Hertz Global Holdings (NYSE: HTZ) and Avis Budget Group (NASDAQ: CAR) have a dangerous new competitor. BMW (OTC: BMWY) has entered the car-rental business.
The German automaker has launched ReachNow; a combination car-rental and ridesharing app, in three U.S. markets; Seattle, Brooklyn, and Portland, Oregon. ReachNow offers short-term car rentals similar to Avis’s Zipcar, an Uber-type car service and one to five day use of rental cars.Read more