United Natural Foods Inc. UNFI, -27.46% stock fell 26.5% on Wednesday, en route to its largest-ever one-day percentage decline, after concerns were raised at CFRA about the permanent loss of the Whole Foods contract. Whole Foods Market is part of the Amazon.com Inc. AMZN, +0.11% portfolio. “[I]f United Natural’s...
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President Donald Trump on Monday tweeted that he was bringing back tariffs on Brazilian and Argentina steel as a key deadline for imposing more levies on China approaches. “Brazil and Argentina have been presiding over a massive devaluation of their currencies. which is not good for our farmers....
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WARSAW, Poland (AP) — Amazon said Monday it has removed “Christmas ornaments” and other merchandise bearing the images of Auschwitz that had been available on its online site. Amazon AMZN, +0.38% said in a statement that “all sellers must follow our selling guidelines” and that those who...
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Bitcoin fell below the $7,000 mark on Sunday for the first time since May. The price of bitcoin BTCUSD, -0.93% was last around $6,850, according to Coindesk, after slumping about 24% over the past month. In June, the leading cryprocurrency topped $9,000 for the first time in...
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Gold futures rebounded modestly on Tuesday, as investors kept a close eye on consumer confidence and on U.S.-China trade talks. Gold for December delivery GCZ19, -0.08% on Comex gained $3.40, or 0.2%, to settle at $1,460.30 an ounce, after opening largely flat, while December silver SIZ19, -0.21% edged 15...
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European stocks nudged lower on Tuesday as investors waited for more concrete trade developments between the U.S. and China. The Stoxx 600 SXXP, -0.04% fell 0.1% in early trading, while the German DAX DAX, -0.20% dropped 0.3% and the French CAC PX1, -0.03% slipped 0.1%. What’s moving...
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Tesla Inc.’s “Cybertruck” may have drawn scoffs at its unveiling, and it is almost certainly not street legal, but the electric-car company still racked up $20 million during the first three days of pre-orders. Tesla Chief Executive Elon Musk tweeted Saturday: “146k Cybertruck orders so far, with 42%...
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Amazon.com Inc. has filed a lawsuit challenging the Pentagon’s award of a $10 billion cloud contract to arch-rival Microsoft Corp., the latest twist in a months-long dispute over the coveted deal. The company AMZN, +0.36% filed the suit in the U.S. Court of Federal Claims, a week after...
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Uber (UBER, -5.35%) has been stripped of its London license in a major blow to the ride-hailing app, with the stock falling almost 6% in premarket trading on Monday. Uber has lost its license to operate in Britain’s capital city after the regulator Transport for London discovered more than...
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Nancy Davis, the chief investment officer and founder of advisory firm Quadratic Capital, says much of the markets focus has been on the U.S.’s trade confrontation with China but speculated that increasing trade tensions with Europe could deliver an unexpected blow to Wall Street. “It’s not one on...
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