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  AP Finance

  Amazon begins offering grocery delivery for customers who are not Prime members

  Amazon has begun offering its Fresh grocery delivery service to customers who aren’t Prime members. The initial rollout will only be available in a dozen cities, including Boston, Phoenix, Dallas and San Francisco, the company told customers Wednesday in an emailed announcement. Previously, Amazon had only offered grocery deliveries for Prime members, who pay $139 a year for faster shipping and other perks.

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  CoinDesk

  Justin Sun Buys 5M CRV Tokens to Help Ease Crisis at Curve Finance

  Blockchain data shows that Tron founder Justin Sun purchased about 5 million CRV tokens at an average price of $0.4, helping to protect Curve Finance against a possible bad debt situation stemming from falling token prices that could impact a massive loan tied to its founder. "The Hash" panel weighs in on what Sun and others are doing following the exploit Curve experienced over the weekend.

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  FreightWaves

  Nikola surpassess 200 orders for hydrogen fuel cell trucks

  Years before it ever built a fuel cell truck, Nikola claimed it had 14,000 reservations. But 202 orders is a good sign nonetheless. The post Nikola surpassess 200 orders for hydrogen fuel cell trucks appeared first on FreightWaves.

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  TipRanks

  ‘Too Cheap to Ignore’: J.P. Morgan Says These 2 Stocks Under $10 Could Double Your Money

  Are markets headed for new record highs? That may seem counter-intuitive, but according to J.P. Morgan’s head of US market intelligence, Andrew Tyler, the tea leaves are indicating just such new heights for the S&P 500. Tyler notes that, even in today’s uncertain conditions, the S&P index is within 5% of its all-time high – and with inflation slowing down, the Fed is likely to pare back on further rate hikes, a move that will support growth and a shift toward stocks. Recent earnings reports are

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  Investopedia

  Fitch Catches Flak For Oddly-Timed U.S. Credit Downgrade

  The Fitch agency’s downgrade of the U.S. government’s credit rating is being met with pushback from officials and well known economists, while others said it highlighted the need for the government to reduce spending deficits.

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  Barrons.com

  Jamie Dimon Calls Fitch Downgrade ‘Ridiculous’

  JPMorgan Chase CEO Jamie Dimon criticized Fitch's decision to downgrade the U.S. government's credit rating, calling it “ridiculous.” “I would point out to the rating agencies if I could that there are a bunch of countries rated higher than us, like AAA, but they live under the American enterprise military system.

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  Bloomberg

  Occidental Buys Back $522 Million of Berkshire Preferred Stock

  (Bloomberg) -- Occidental Petroleum Corp. bought back $522 million of Berkshire Hathaway Inc.’s preferred stock in the second quarter, demonstrating its willingness to repay Warren Buffett even as commodity prices drop. Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceS&P 500 Has Worst Day Since April After Big Rally: Markets WrapPoland Sends Troops to Belarus Border After Airspace BreachCanada PM

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  TipRanks

  ‘Load Up,’ Says Raymond James About These 2 ‘Strong Buy’ Stocks

  As summer travel remains solid and consumer spending appears robust, plenty of analysts now believe a recession will not materialize. However, that is not the view of Raymond James’ CIO, Larry Adam. Adam is of the mind that a recession is all but inevitable and will kick off by this year’s fourth quarter. That said, the good news is that it will be a mild recession, one where the U.S. economy will shrink in a far less acute manner than during other recessions (0.6% vs. the average 2.5%), won’t l

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  American City Business Journals

  PayPal's shares fell 7% amid a drop in its operating margin

  PayPal's shares fell more than 7% in after-hours trading Wednesday as concerns about growing losses on bad loans seemed to outweigh in-line second-quarter results and a slightly better-than-expected third-quarter forecast. In the second quarter, the payment service provider's adjusted operating margin, which excludes certain costs and gains, fell to 21.4% from 22.7% in the first quarter. The drop marked the first time the San Jose-based company had posted an adjusted operating margin of less than 22% in a year.

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  Reuters

  MercadoLibre's Q2 profit doubles on higher sales volume, user growth

  South American e-commerce giant MercadoLibre reported on Wednesday a 113% rise in its second-quarter net income from a year earlier to $261.9 million, amid higher sales volume and an increase in users. The company, with presence in over 18 countries across Latin America, saw its net revenue rise 57.3% in constant currency to $3.4 billion. Over the quarter, MercadoLibre said it added 8.1 million new users across its operations, bringing its total active user base to 108.6 million.