Stocks making the biggest moves premarket: UnitedHealth, Wells Fargo, Walgreens and more

Check out the companies making headlines before the bell: UnitedHealth (UNH) – The health insurer’s shares rose 2.2% in the premarket after beating on the top and bottom lines for the third quarter and raising its full-year earnings forecast. UnitedHealth earned $4.52 per share, 11 cents above consensus, helped by revenue gains at its Optum … Read more

5 things to know before the stock market opens Wednesday

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street looks to avoid a four-session losing streak Traders work on the floor of the New York Stock Exchange (NYSE), October 12, 2021. Brendan McDermid | Reuters 2. Supply chain woes, rising costs may make for … Read more

Costco, Nike and FedEx are warning there’s more inflation set to hit consumers as holidays approach

A worker wearing a protective mask removes rotisserie chicken from skewers inside a Costco store in San Francisco, California, on Wednesday, March 3, 2021. David Paul Morris | Bloomberg | Getty Images Shipping bottlenecks that have led to rising freight costs are cooking up a holiday headache for U.S. retailers. Costco this week joined the … Read more

Amazon is now shipping cargo for outside customers in its latest move to compete with FedEx and UPS

Amazon is on a spending spree to grow its shipping business and isn’t content with only delivering products purchased on its own site. The company is now moving cargo for outside customers in its latest move to compete directly with FedEx and UPS. “They want to be a new kind of U.S. Postal Service where … Read more

This map shows how Amazon is rapidly growing its air fleet across the U.S.

Zoom In IconArrows pointing outwards Source: Chaddick Institute at DePaul University. Shows U.S. airports only and includes partner airlines. Over the years, Amazon has built up an army of warehouses, shipping hubs, delivery vans and trucks to ensure it can meet its Prime pledge of delivery in two days or less. Amazon’s air fleet, which … Read more

Amazon opens its $1.5 billion air hub in Kentucky in latest push to speed deliveries

Amazon on Wednesday opened its $1.5 billion air hub in northern Kentucky, which will help accelerate its push for faster delivery and greater control over its logistics network. It’s a major milestone for Amazon Air, the company’s burgeoning air cargo arm, which launched in 2016, whose routes are flown by several contracted carriers. Across the … Read more

Earnings and the Federal Reserve are next big catalysts as stocks enter week ahead on an upswing

Traders at the New York Stock Exchange, July 20, 2021. Source: NYSE Here comes one of the biggest market weeks of the summer. First, the Federal Reserve meets Tuesday and Wednesday. While no action is expected, there could be some mention of the central bank’s possible wind down of its bond program. That could move … Read more

Soaring warehouse demand boosts commercial real estate market as office vacancies mount

ShipBob fulfillment center in Moreno Valley, California ShipBob After ShipBob decided last July to let staffers work from anywhere, the logistics start-up had its landlord erect a wall in the middle of its Chicago headquarters so half the space could be rented out to another company. On March 1, the office reopened at reduced capacity … Read more

The future of self-driving? Maybe less like Elon Musk and more like Domino’s pizza robots

Refraction AI’s 4.5-foot tall, 150-pound Rev-1 three-wheeled robot vehicle has been delivering pizzas in Austin, Texas. The company believes the future of autonomous driving is ‘zero occupant.’ Source: Refraction AI As companies like Tesla and its CEO Elon Musk come to Austin, Texas, the booming city and new tech hub has grown so much it … Read more