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Amazon is still sorting out its grocery strategy

When Amazon.com Inc. announced a year ago this week that it was buying the Whole Foods supermarket chain, investors braced for an industry shake-up. Stock prices of companies even remotely connected to groceries tumbled. Experts imagined supermarket price wars and stores transformed by Amazon robots. Some predicted Amazon would leverage Whole Foods stores as online delivery hubs, or as a ...

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US stocks creep higher, dollar declines before Fed decision

Bloomberg US equities edged higher ahead of Wednesday’s Federal Reserve rate decision, while European stocks gained. The dollar slipped as benchmark Treasury yields held steady, and emerging-market currencies extended a drop. The S&P 500 Index rose tentatively in morning trading, with a surge in health-care stocks offsetting the telecom weakness brought on after the AT&T takeover of Time Warner won ...

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No letup for Bitcoin as world’s biggest digital coin drops

Bloomberg Bitcoin edged lower, bringing its four-day slide to about 16 percent, as questions mount about whether the world’s biggest cryptocurrency was manipulated during last year’s record price surge. The digital coin has closed below its 50-, 100- and 200-day moving averages for the past 16 days, the longest stretch below those support levels this year. Bitcoin, which surged more ...

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