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Amazon's purchase of Whole Foods already impacting grocery industry


In the USA "this adds 440 refrigerated warehouses within 10 miles of probably 80% of the population", said Michael Pachter, an analyst for Wedbush Securities. The company also has been testing sensors at a convenience store in Seattle to track items as shoppers put them into baskets or return them to the shelf. Read More »

U.S. crude oil inventories are still above historic norms — CHART


Meanwhile, in an interim report on activities during the first half of the year, Dutch commodity trader Trafigura described the market situation as one of "chronic oversupply". OPEC on May 25 agreed to extend a 1.2 million barrel per day production cut for nine months through March 2018. Distillate product supplied averaged over 4 million barrels a day over the past four weeks, up by 1.8% compared with the same period a year ago. Read More »

Queensland level series with dominant second half

If, as I expect, Queensland win the game it will likely be on the back of an outstanding performance from him. "Instead of running across the field I said to myself I'm going to embrace this moment and I ended up taking the long journey and give them all a smile and a thank you". Read More »

Technology CEOs urged to join Trump initiative

White House Press Secretary Sean Spicer said the tech executives are attending the meeting to help the administration "make a more efficient, effective government". Mr Bezos, who has made his firm one of the world's leading cloud computing providers through Amazon Web Services, told attendees that the federal government needed to use more commercial services. Read More »

EU, Britain possible to strike 'fair deal'

The Union wanted a " fair deal ", he said, renewing a vow not to punish Britain or take "revenge" for a withdrawal that has rocked the bloc and poses huge challenges for negotiators. He said May will publish a detailed paper outlining Britain's approach on protecting citizen rights at the European Union summit on Thursday and Friday, which he believes "will form the right basis on which to reach agreement". Read More »

Trump's legal plan quite simple so far: Fight, fight, fight


Appearing on a series of morning news programs, attorney Jay Sekulow repeatedly stressed Sunday that "the president has not been and is not under investigation". But White House officials worry that Trump may fire Rosenstein and Mueller, a move that aides are actively against as it could be unconstitutional. Read More »

White House reporters left stunned by off-camera briefings

It hasn't yet been announced that Spicer has officially been promoted from press secretary to communications chief, but reports indicate the White House is actively re-evaluating Spicer's current role and even looking for communications department replacements. Read More »

Amazon to buy Whole Foods for USD13.4 Billion


In Whole Foods , it is acquiring a company that has recently come under pressure from investors for its lagging performance. The hedge fund said the company was undervalued and needed to overhaul its operations and consider "strategic alternatives", code for a sale. Read More »

Trump's lawyer: Ignore his tweets, the President is not under investigation

To defend their precarious legal perch, Sekulow and crew have been reduced to slipping into their argument a statement that Trump hasn't been informed of any formal investigation. A full-scale investigation has not yet been launched, although preliminary work is clearly being done, according to sources familiar with the process. Read More »

Atlanta Fed Raises Q-2 GDP Growth View to 3.2%


A Reuters poll of 21 of the 23 primary dealers that do business directly with the Fed showed 14 of them now believed it would announce the start of its balance sheet normalisation at its September 19-20 policy meeting. Wednesday's retail sales data is also expected to have slowed from the previous month. The FOMC said the economy had continued to strengthen, job gains remained solid and indicated it viewed a recent softness in inflation as largely transitory. Read More »

Tech CEOS visit White House to talk modernizing government

The White House plans to continue its "tech week" with various other meetings with leading tech companies. Since Dell's $63 billion acquisition of EMC Corp. The federal government spends more than $80bn in IT every year, excluding classified operations, according to a 2016 US Government Accountability Office report . Read More »

Otto Warmbier: No autopsy for US student held by North Korea

Otto Warmbier, who was released by North Korea in a coma and died Monday, spoke in his 2013 high school graduation speech about living in a small town with a close-knit community. "Yes, I believe in the end you can not deny the fact that strategic patience has failed". Mr Trump's stern language was echoed by South Korean President Moon Jae-In, who said in an interview ahead of a White House visit next week that North Korea bears responsibility for the student's death. Read More »

Retail Giant Amazon Plans to Buy Whole Foods for $13.7 Billion

According to Madeline Hurley, IBISWorld senior analyst, this acquisition means Amazon will be able to reach more consumers than ever before. TheStreet visited three grocery locations in New York's financial district, and of those three, Whole Foods noticeably thrived. Read More »

Trump Creates New Apprenticeship Programs with Bipartisan Executive Order


The executive order directs the labor department to draft rules which will allow companies, unions, and industry groups to create their own programs. On Thursday, Trump also touted the importance of getting more women into apprenticeships, but the White House budget eliminates a $1 million women in apprenticeship grants. Read More »

McCain: Travelers to N Korea should sign waiver

Relatives have said USA envoys told them that North Korean officials said Warmbier contracted botulism after his trial and became comatose after taking a sleeping pill, according to the Washington Post. His colleague from Washington state, Democratic Sen. The tour group called Warmbier's incident "appalling". Warmbier was convicted of subversion in North Korea after he tearfully confessed he tried to steal a propaganda banner. Read More »

Puerto Rico mulls political status in new referendum


President. The June 11 vote brought out the second lowest turnout rate of all electoral contests conducted in Puerto Rico since 1967 . A total of 97% of the Puerto Ricans who cast their vote in the island's non-binding referendum on Sunday voted in favor of seeking to become a full-fledged USA state, CNN reported . Read More »

Turkish president approves troops to Qatar


In a readout of the call, the White House said that the two leaders discussed the critical goals of preventing the financing of terrorist organizations and eliminating the promotion of extremism by any nation in the region. Financial support for jihadists across the Middle East lies at the heart of Arab powers' row with neighboring Qatar , an Emirati minister said on Wednesday, identifying three individuals his government wanted Doha to rein in. Read More »

Obamacare repeal imminent in Congress: Pence

That follows their pledge on Monday to use another procedural rule to slow-walk Senate floor business. "I regret that Democrats announced early on that they did not want to be part of a serious bipartisan process to move past the failures of Obamacare". Read More »

Israel builds new West Bank colony


Benjamin Netanyahu , the Israeli prime minister, has been under pressure from his Right-wing base to expand the settlements and he announced the ground breaking at Amichai as evidence he was keeping his promises. He has taken a considerably milder position towards Israeli settlements though than his predecessor, Barack Obama, who sharply criticised settlement activity. Read More »

Amazon Buying Whole Foods Could Mean Pain for Costco


It's a deal that rattles the grocery industry. Amazon is known for taking the long view. He wrote in a report that "another bid cannot be ruled out" because other big retailers may want to do anything they can to prevent Amazon from getting even more powerful. Read More »

Cosby's lawyer says Bill and the woman accusing him had secret affairs

But as the deliberations drag on, noted Toronto defence lawyer Monte MacGregor told the Toronto Sun the lack of a verdict suggests a stalemate in the jury room. The comedian also faces a defamation lawsuit by model Janice Dickinson, who claims Cosby drugged and raped her in Lake Tahoe, California, in 1982. Read More »

Trump calls Warmbier's death a 'total disgrace'

The United States of America can not and should not tolerate the murder of its citizens by hostile powers'. Even as Warmbier's family prepared to mourn him at a public funeral service Thursday in OH, the circumstances behind his death remained unclear. Read More »

Amazon Strikes Again; the Dressing Room in Your House


Amazon has announced Prime Wardrobe for Prime users . Amazon also has the disadvantage of having no brick-and-mortar stores where shoppers can try on items or return purchases, he said. Essentially, Prime Wardrobe is a service aimed directly at those who are hesitant about buying clothes online. The program is similar to Stitch Fix's home try-on program, though at Stitch Fix, the goods are selected by a personal stylist. Read More »

Leading US-based index to include Chinese stocks for 1st time

For the last three years, the index giant had decided against adding the mainland traded stocks . China's A-shares have been included within the MSCI Emerging Markets index following a string of disappointments in recent years. "In the case of a "No" decision: The A-share market might first react with a minor decline of 1.0 percent", Morgan Stanley said in a recent report. It had left them out because of concerns over restricted access to China's equity markets. Read More »

Britain, EU kick off Brexit negotiations

Talks with the European Commission's chief negotiator Michel Barnier will focus on the status of expats, the UK's "divorce bill" and the Northern Ireland border. "A deal like no other in history". European stocks rose on Monday, partly on optimism about the talks actually getting underway after months of sniping and uncertainty, analysts said. Read More »

Tapwrit wins 149th Belmont Stakes

Tapwrit finished sixth in the 20-horse Derby after encountering traffic. "That's always an advantage", Pletcher said. Irish War Cry is another with significant chances after being rested for the Preakness Stakes following an uncharacteristic flat performance in the Kentucky Derby . Read More »

Cats have been getting humans to do their bidding for 9000 years


However, it was not until several thousand years later that cats really began the journey that would take them to every corner of the globe. Scientists analyzing the DNA of ancient cats specimens have determined that the modern domestic cat is a descendant of a subspecies of wildcat native to northern Africa and the Near East, Felis silvestris lybica . Read More »

Oil prices pause Mid-day Monday after sharp falls


In China, oil demand growth has been slowing for some time, albeit from record levels. Crude plunged into bear-market territory on Tuesday, sinking another 3 percent to a seven-month low of $42.75 a barrel. But at current levels, some say a floor may soon be found. Questions about US shale's "ability to keep profitable are being asked", said Stuart Ive, a client manager at OM Financial. Read More »

Amazon Dash Wand and the Whole Foods Acquisition: What's the Connection?

Here's more of what he had to say and how the deal came into being, from the US Securities and Exchange Commission transcript of his address. And of course lots of stuff that Whole Foods sells is canned, packaged, or dried - i.e., perfectly suited to Amazon's longstanding and very successful e-commerce business. Read More »

Scalise shooting fodder for attack ad in House race in Georgia


Spending on all candidates has been put at $56m (£44m), making it the costliest congressional election in United States history. Georgia Democrat Jon Ossoff raised funds from 8.9 times as many donors in California than donors in Georgia between March 29 and May 31, according to his latest campaign finance reporting. Read More »

Trump's Plan for a Nation of Apprentices

Trump said the executive order will "be removing federal restrictions that have prevented many different industries from creating apprenticeship programs". If the scale of a US apprenticeship program is to come anywhere close to Germany's, apprentices will have to become easier for businesses to manage - and public-education systems must be more responsive to the job requirements of local industries. Read More »

Brexit negotiations kick off almost a year after referendum

Both sides said they want to avoid a "hard border" between the Republic of Ireland, which will remain in the European Union after Brexit, and Northern Ireland , which leaves the bloc as part of the United Kingdom. "They should be agreed alongside each other". The future remains unclear however, with May's own immediate political survival now in doubt after she lost her majority in a snap election, ten days ago. Read More »

Whole Foods CEO hints at another brand under Amazon

The eighty million Prime subscribers also share certain traits with the Whole Foods audience. With the deal, Whole Foods' more than 460 stores become a test bed with which Amazon can learn how to compete with Wal-Mart's 4,700 stores with a large grocery offering that are also within 16 km of 90% of the USA population. Read More »