Amazon is stepping into the pharmaceutical industry by launching an exclusive line of over-the-counter health products.
Some analysts say this could benefit customers by causing a price war. and forcing CVS and other pharmacies to lower prices.
There's a new item coming to Chipotle menus: the fast casual chain is introducing quinoa as an alternative to its lime cilantro rice. It's prepared with some lime, citrus juice, cumin, and fresh cilantro. Chipotle's founder Steve Ells says the chain is considering adding salads with other kinds of grains, in addition to nachos and quesadillas.
There's a new medal event at the Olympics: Tinder.
The dating app is releasing data on the most-swiped athletes at the Pyeongchang games. Male bobsledders and female snowboarders are taking home the gold. Male hockey players, skiers, and skeleton racers also placed high. So did female lugers. Tinder's been a mainstay of the Olympic Village since the 2014 games in Sochi. The platform says its seen a 348 percent spike in usage at the games this year. Olympians have free access to Tinder's gold tier.
Chair Jerome Powell says the Federal Reserve only expects to cut rates once in 2024. But at least, as one economist says, ‘rate hikes are off the table.’
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.
Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.
