Amazon to open its first grocery stores on the East Coast

Inside Amazon’s first Amazon Fresh grocery store in Los Angeles. Amazon Amazon is opening its first grocery stores on the East Coast, the company confirmed Thursday, in the latest sign of its efforts to upend traditional supermarkets. The company plans to open two grocery stores. One will be located in Washington, D.C.’s Logan Circle neighborhood … Read more

Fiscal stimulus prospects and strong earnings tailwind may propel stocks in the week ahead

Traders work the floor of the New York Stock Exchange. NYSE Stocks head into the week ahead with a tailwind, as investors focus on a hefty fiscal stimulus package and the solid earnings season against a backdrop of rising interest rates. There are several dozen S&P 500 companies reporting earnings, including Coca-Cola, Pepsico, Cisco and … Read more

Here are all the Super Bowl ads that have been released so far

Still from Michelob Ultra’s 2021 Super Bowl commercial. Michelob Ultra This year’s Super Bowl will be an extravaganza of first-time Super Bowl advertisers. Super Bowl mainstays like Pepsi, Coke and Budweiser aren’t buying ad time on this year’s game (Pepsi is still sponsoring the halftime show.) Instead, they’re being replaced by companies that had a … Read more

McCormick to buy hot-sauce maker Cholula for $800 million

A shopper reaches toward a display of McCormick spices and flavorings in an Associated Supermarket in 2005. Bloomberg | Bloomberg | Getty Images Spice maker McCormick said on Tuesday it would buy hot-sauce maker Cholula’s parent from private-equity firm L Catterton for $800 million, as it looks to cash in on robust demand for packaged … Read more

Amazon expands grocery business beyond Whole Foods with first Fresh store in Los Angeles

Amazon’s first Fresh grocery store is set to open its doors this week. Amazon Amazon is opening the first location of its new chain of grocery stores, which are designed to court a different set of customers than Whole Foods shoppers.  The first Amazon Fresh grocery store, located in Los Angeles’ Woodland Hills neighborhood, will … Read more

As earnings reporting season kicks off, here are Goldman Sachs’ best contrarian picks for clients

(This story is for CNBC Pro subscribers only.) Earnings season ramps up on Tuesday and Goldman Sachs has a list of stocks where its analysts are a lot more bullish than the rest of Wall Street heading into quarterly reports. Goldman says its analysts are “out of the consensus” on these companies with higher estimates … Read more

Goldman Sachs tells clients to bet on these underperforming stocks into earnings

The Wall Street Bull (The Charging Bull) is seen during Covid-19 pandemic in New York, on May 26, 2020. Tayfun Coskun | Anadolu Agency via Getty Images (This story is for CNBC Pro subscribers only.) For investors looking to play the second-quarter earnings season, this reporting cycle could be a wild card as the majority … Read more