Why Walmart is trouncing Amazon in the grocery wars
When amazon announced the $13.7bn acquisition of Whole Foods Market in 2017, it came after some oddball attempts to strengthen its grocery business, some conceived by Jeff Bezos himself. One was to develop an “ice-cream truck for adults”, driving into neighbourhoods with lights flashing and horns honking, to sell porterhouse steaks, Shigoku oysters, Nintendo games and other goodies. It was quietly shelved. Another was to create a product so unique that only Amazon could supply it. The answer was the “single-cow burger”, a Wagyu beef patty made from the meat of one animal. You can still find them on its website—though they are now permanently out of stock.
Banking startup started Elon Musk’s passion for the letter X
Elon Musk has been pushing the X brand since before the turn of the century, starting with online banking site X.com in 1999. Musk has been open about his love of the letter X for a long time. Many people are only becoming aware of it now that he’s folded one of the largest social media sites on the internet into his X plans. Here’s the timeline of his love for the letter. n 1999, Musk and three other cofounders launched X.com. It was an online bank that merged with a competitor, Confinity, in 2000. That same year, Musk was voted out as CEO, replaced by Peter Thiel. Musk founded the Space Exploration Technologies Corporation, otherwise known as SpaceX, in 2002 Fast-forward to 2015.
McDonald’s is about to report earnings
McDonald’s, in full McDonald’s Corporation, American fast-food chain that is one of the largest in the world, known for its hamburgers, french fries, and especially Big Macs. It is one of the most successful brands in marketing history. Company headquarters are in Chicago. The first McDonald’s restaurant was opened in 1940 by brothers Maurice (“Mac”) and Richard McDonald in San Bernardino, California. It originally was a drive-in that offered a wide selection of items. However, in 1948 the brothers decided to revamp the business, and after a three-month renovation, a newly envisioned McDonald’s opened.
Expert advice: Should you spend 25% of your income on investing in stocks?
In an interview with ETMarkets, Bhave, who has over 25 years of experience across the financial services industry in India, UAE, and Vietnam, said: “We believe that a few midcap companies with strong management and robust business models will potentially become large caps over the next 3-5 years” Edited excerpts:India has turned out to be the bright spot in the global arena. How do you see markets in the medium term? India’s long-term structural growth story remains intact, and this is the main reason why domestic equity markets have outperformed their larger global counterparts since the beginning of this year. Even after global concerns like elevated inflation, hawkish central bank policies, and geopolitical turmoil, several domestic companies are around their 52-week highs.