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Today's Amazon discount: Grocery-chain stocks

Venture Beat - 16 Jun 2017 21:02
ANALYSIS: Amazon’s proposed $13.7 billion purchase of Whole Foods Market caught stock market investors off guard. Their initial reaction — bidding up share prices of the two companies and selling off those of grocery chains — suggests a bleak future for an industry being reshaped by on-demand delivery. Shares of Walmart were down 4.4 percent in […]
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