Walmart’s apparent plan to become more like Amazon wasn’t realized when the company launched its $50/year Prime-rival Shipping Pass or after the company snatched up e-commerce site Jet.com for $3.3 billion. But not one to give up, the big box retailer is now reportedly in talks to invest more than $1 billion in fellow Amazon competitor Flipkart. [More]
As we’ve seen with Olive Garden, where activist investors mocked the menu and accused staff of wasting breadsticks before claiming seats on the board, a brash stakeholder with big ideas can bring about change in a slumping company. Could a similarly vocal new investor in Chipotle provide the jolt the burrito chain needs to get over the sagging sales that followed a rash of food-borne illnesses? [More]
Starbucks has its hands in a lot of different products outside of the coffee it serves up in stores — cold brew coffee, coconut milk, juice, to name a few. Now the company is expanding its portfolio with the acquisition of a company specializing in Italian baked goods.
It hasn’t taken General Motors long to figure out how to spend its $500 million investment in Lyft. A month after the carmaker said it would use some of those funds to rent SUVs to prospective drivers, the partners unveiled plans to begin testing self-driving taxis on public roads in California. [More]
Two months after General Motors unveiled a $500 million investment in Lyft, the mustachioed ride-hailing service, with the hopes of one day providing the masses with rides in a self-driving fleet, the carmaker has taken a step that might help it realize that goal: acquiring self-driving vehicle startup Cruise Automation. [More]
Last year, when the FCC was preparing to vote on the new Open Internet Order (aka “net neutrality”) and its reclassification of broadband Internet as a vital utility, virtually the entire telecom and cable industry claimed this change would ruin investment and slow innovation. But a look at the year-end financial figures for the biggest naysayers casts a lot of doubt on these dire predictions. [More]
If you thought that cup of coffee you picked up on the way to work this morning cost a pretty penny, then can you imagine how the much one of the biggest names in the coffee biz would go for? Well, if you guessed $13.9 billion, then you should probably go buy a lottery ticket, as that’s how much Keurig plans to sell itself for. [More]
Google Fiber, Other ISP Heads Agree: We’ll Keep Investing No Matter What The FCC Does About Net Neutrality
With only hours remaining in the countdown to tomorrow’s net neutrality vote, everyone from Silicon Valley to Capitol Hill is getting their last words in. At a tech policy event in Washington, DC yesterday, a panel of ISP executives spoke about the future of competition, innovation, and network deployment as the regulations and the marketplace change around them. And when the moderator directly asked the speakers if Title II regulation would diminish investment in their networks, the answer was the same all around: nope.
Wall Street Fighter has a list of 18 money management websites, to handle everything from making zero-commission stock trades to dunning your family for past-due IOUs. [Wall Street Fighter]
Mint has gathered 30 of what they consider the best free personal finance ebooks around, grouped into categories like “Basics,” “Saving & Investing,” and “Security & Privacy.”
Kiplinger’s idea of a good Christmas present for a teenager is helping them start a retirement account. We kind of think the average teen is going to have a hard time understanding why that’s a “better” gift than, say, a game system, but the underlying idea is sound. As long as your teen worked at some point in 2007—even babysitting counts—he can open a Roth IRA. But other people (that means you) can fund it, up to the amount the kid earned in wages.
Onoodles writes, “I’ve managed to put away 20k into a Roth IRA. I started it directly through one mutual fund and now I’m looking to move it to a discount brokerage firm to diversify. So my question is, which one is the best?!” For a general overview and comparison of leading brokerages, we suggest looking into SmartMoney’s 2007 Broker Survey from a few months ago. And note that by going with a discount brokerage firm, you’ll likely be trading better customer service, research tools, and trading tools for cheaper fees.
David over at MoneyNing urges us to all take action on the money tips we read online—not just read them and then forget them, or dismiss them as unrealistic, or tell ourselves they don’t apply to us. “We read the tips, agree that it makes so much sense, then we sit there and flip on TV to watch other people make money while we spend money watching them.”