Walmart has over 5,000 locations in the U.S. and 265 million customers globally. And according to Business Insider, they may be ready to give health insurance providers some competition. Walmart is launching a low-cost health insurance offering, available to customers. It's called Walmart Insurance Services LLC. The discount store says that the Walmart Health Center prices will be up to 50% lower than traditional care.
Florida Governor Ron DeSantis on Thursday spoke about reopening schools and told reporters, "We spent months saying that there were certain things that were essential. That included fast-food restaurants. It included Walmart. It included Home Depot... if all that is essential, then educating our kids is absolutely essential."
Business Insider reports that Walmart is set to launch Walmart+ by the end of this month. The subscription will cost $98 a year. It will offer members free same-day delivery from Walmart stores. Members will also get delivery perks, discounts at Walmart gas stations, early access to promotions, and self-checkout tools. The retailer will also introduce a Walmart+ branded credit card and possibly video entertainment.
Walmart is close to launching its membership program, in direct competition to online retail giant Amazon.com's overly popular Prime service, according to a published media report, citing sources. Conway G. Gittens has more.
Amazon's Q2 2020 was its biggest online sales quarter ever due to the coronavirus pandemic. Amazon racked up $45.8 billion in global online store net sales in the second quarter of 2020. Amazon exceeded the $45.7 billion it brought in during the forth-quarter of 2019. Business Insider reports that Its Prime subscription thrived in the second quarter, building Amazon's base of loyal customers.
Tottenham manager Jose Mourinho remained visibly frustrated at what he deemed as refereeing errors in recent games while looking ahead to the north London derby against Arsenal. Ahead of the clash, Mourinho also said he won't be watching Amazon Prime's latest Premier League documentary, which focuses on Tottenham's recent campaign.
Credit: PA - Press Association STUDIO Duration: 01:23Published
7-Eleven's parent company is buying Speedway gas stations in a $21 billion all-cash deal. After tax, the deal will bring in roughly $16.6 billion for Marathon Gas. Marathon hopes to use the sale to "strengthen [the] balance sheet." Business Insider reports the deal will create a 7-Eleven presence in 47 of the top 50 most populated metro areas With the addition of Speedway locations, Seven & I Holdings will have roughly 14,000 locations in the US and Canada.
Business Insider reports that American Express gave more cardholders access to its Pay It Plan It and Pay Over Time tools. Providing greater payment flexibility could boost Amex's payments volume despite the pandemic. AMEX has announced that its Green, Gold, and Platinum cardholders now have access to its Pay It Plan It offering.
Warren Buffett's investment in Apple has tripled in value to north of $100 billion. Buffett's Berkshire Hathaway spent about $35 billion to build the 5.7% stake in Apple The 10% rise in Apple's stock price on Friday boosted its value to about $104 billion. Business Insider reports that Berkshire's Apple position is now worth more than four times its second-largest holding, Bank of America. Industry analysts call Buffett's investment into Apple "one of the best investments ever."
Shares of Apple have surged as much as 5% to an intraday high of $446.55 per share on Monday. That continues a post-earnings rally for the tech company. The surge pushed Apple's market capitalization to $1.92 trillion. If Apple gains another 5%, it will become the first company to hit a $2 trillion market value. Business Insider reports that Apple has had quite the year, gaining more than 48% even amid the coronavirus crisis.
Business Insider reports that Apple is trying to negotiate cheap rent for some of its retail locations in the UK. In some of its 38 stores across the UK, Apple is asking for a 50% rent reduction. It also wants a temporary rent-free period. Apple generated $58.3 billion in revenue in the second quarter of this year. Per the Times, Apple posted UK sales of $1.8 billion for 2019, and $8 million in taxes to the UK.
[NFA] Police said a protest turned into a riot in Seattle, Washington, on Saturday, and demonstrators nationwide took to the streets in solidarity with racial justice activists opposed to federal intervention in their cities. This report produced by Zachary Goelman.
Seattle's CHOP/CHAZ police free zone was a disaster. The area was meant to bring in another "summer of love." Instead, violence, drug use, rapes, murders, and shooting ran rampant. State Senator Steve O’Ban is introducing legislation that would essentially prohibit cities in Washington state from allowing another CHOP/CHAZ to occupy city streets. The ban would also prevent cities from creating places where cops and other services find it difficult to venture.
Seattle's CHOP was a police free zone in the heart of the city. It was plagued with violence, lawlessness, rapes, assault, drug use, and other felonies. It was plagued with violence, lawlessness, rapes, assault, drug use, and other felonies. Several of the protestors are now spreading the irresponsible conspiracy theory that all CHOP violence was the result of white supremacists. According to the news site mynorthwest they’re quite literally always wrong.