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...Many VC companies see Instacart as a better barometer of Wall Street’s appetite for tech listings than Arm, which is a mature and profitable business that is being brought back to the public markets by a...
...The four groups had previously announced 50,000 job cuts to convince Wall Street they were heading into a “year of efficiency”, as Meta chief executive Mark Zuckerberg described it....
...Proponents in the UK range from brokers to grocery delivery....
...With Instacart, Wall Street is about to be treated to a down-round IPO....
...The FTC is suing to stop the big Albertson’s-Kroger grocery merger. I’m not sure what to think about this....
...Walmart on Thursday reported comparable sales growth — a closely watched industry measure — of 4.9 per cent in the third quarter, ahead of Wall Street forecasts of about 3.2 per cent....
...Wilkinson contrasted that with what NCR is working on with its big customers: grocery stores, petrol stations and restaurants. “They are all very concerned about sustainability,” he said....
...After studying bioelectric engineering at Brown University in Rhode Island, he took a job as an analyst at Wall Street firm Allen & Company....
...We were chuffed to see a piece on our favourite private credit backwater, business development corporations, on the front page of yesterday’s Wall Street Journal....
...Now that Instacart is a public company, Wall Street will be scrutinising whether Simo can fend off competition from rivals such as DoorDash and Uber Eats while keeping the grocery delivery service profitable...
...So why couldn’t Wilko — a well-known high street name in a sector which is thriving during a cost of living crisis — be saved?...
...Walmart shares were up 2.1 per cent shortly after Wall Street’s opening bell on Thursday....
...In grocery, the gains in private label are pretty low relative to what they should be, given what we’re seeing [in the economy more broadly]....
...This poses a significant adoption barrier currently, as the average US consumer has seen grocery affordability decrease since 2020....
...A walk along an urban high street before the rubbish collectors arrive is to confront society’s love of packaging....
...The cost-cutting retailer, known for its appeal to cash-strapped families, took a larger share of Americans’ grocery budgets in the three months to October 31....
...That should reassure investors in Main Street USA as well as in the store chain. Walmart is a bellwether for US consumer demand....
...A recent liberalisation has seen booze creep into some grocery stores, but alcohol is not to be found in every corner shop.)...
...In a Wall Street Journal article in May, he called for US public pension plans to “rein in” BlackRock, Vanguard and State Street for “pushing a radical ESG agenda.”...
...In a recent memo to staff, obtained by the Financial Times, chief executive Dara Khosrowshahi said the Wall Street mood meant the company must rein in its spending....
...The company announced more raises last year; Wall Street punished it again....
...Walmart executives acknowledged more customers had switched towards cheaper private-label items, particularly in groceries, and away from branded goods....
...The boost to Uber’s share price came despite guidance for the current quarter coming in slightly below Wall Street’s expectations....
...Here’s the story from the Wall Street Journal, which broke the news earlier today: Peloton Interactive Inc. plans to replace its chief executive, cut costs and overhaul its board after a slowdown in demand...
...A version of this article was first published by Nikkei Asia on May 24. ©2022 Nikkei Inc. All rights reserved....
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