Yale's Robert Shiller and Bank of America Merrill Lynch both survey investors about how they feel about valuation levels.Read More »
initial public offering marked a turning point in investors' attitude toward voting structures that vest control in a small group of insiders. Shares the instant messaging company sold to the public in March carries no voting rights, while company founders Evan Spiegel and Bobby Murphy own stock giving them 88.5% of the vote and company executives have the rest. Snap's aggressiveness crystallized institutional investor opposition to such structures, and on July 31 S&P Dow Jones Indices LLC said it would no longer include companies with dual-class or multi-class shares that give insiders at least some control in its indices, including the S&P 500, S&PMidCap400, and the S&PSmallCap600.
General Motors Co. started its car-sharing service, Maven, just over a year ago, placing Chevrolets and Cadillacs in New York apartment buildings for occupants to rent. Maven is still working with apartment dwellers, but it is also offering hourly and daily rental cars in 17 North American cities. It also offers Maven Gig, a service that lets people rent cars to do odd jobs, like ride-hailing for Lyft or delivering food for GrubHub.
In the two months since Amazon.com Inc. (AMZN) announced its jaw-dropping $13.7 billion deal to buy Whole Foods Market Inc. (WFM) , there's been plenty of speculation about what types of physical retailers besides grocery stores Amazon will target via bricks-and-mortar initiatives. Between what was announced today and last December's unveiling of the Amazon Go store concept, it's safe to say that convenience stores are high on Amazon's hit list. As with grocery stores, Amazon is taking aim at an industry that to a large degree has been immune to e-commerce's multi-decade onslaught. Amazon just unveiled Instant Pickup, a service that it promises will let Prime members pick up "hundreds of need-it-now items like food, cold drinks, personal care items, technology essentials and Amazon devices" within two minutes of ordering them via the Amazon app.