Amazon's Grocery Gamble, All Eyes on Netflix Earnings
Amazon opens its first fully automated grocery store in Seattle on Monday. In this cashier-less model, the consumer picks items and leaves the store without ever having to pull out their wallet. Amazon's technology senses what items were purchased, and then charges the customer's account. Amazon's new grocery store is called Amazon Go.
Netflix gets ready to report Q4 earnings after a very successful 2017. Beyond looking at the company's revenue growth, investors will be watching for subscriber growth, particularly at the international level. Last year, Netflix shares grew by 65%.
And Twitter COO Anthony Noto is reportedly considering a new job. Reports swirled over the weekend that Noto may leave the social media company for SoFi, the personal finance company. Noto is considered one of the most important executives at Twitter.
Bobbi Rebell, financial expert and author of Launching Financial Grownups: Live Your Richest Life by Helping Your (Almost) Adult Kids Become Everyday Money Smart, gives some tips on how to negotiate your bills to save serious money.
JPMorgan said it plans to close 21 around 25 percent of First Republic's branch location by the end of the year. The financial giant purchased the regional bank after it effectively collapsed amid an ongoing crisis in the banking sector.
Airbnb sued New York City on Thursday over an ordinance that the company says imposes arbitrary restrictions that would greatly reduce the local supply of short-term rentals.
Rapper, producer and entrepreneur Sean “Diddy” Combs sued Diageo Wednesday, saying the spirits company didn’t make promised investments in his vodka and tequila brands and treated them as inferior “urban” products.
