Now playing: Watch this: UPS drone delivers CVS prescription meds 1:18 UPS has been plowing resources into its drone deliveries business. UPS UPS has been speeding up its drone delivery work, announcing this year a new drone subsidiary and a growing list of new partnerships. Now, it’s starting to make an early push to test …
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Online grocery delivery has so far failed to catch on in the US, but Amazon may have found a way to convince you to try it: free shipping. That’s right, the king of e-commerce on Tuesday said it dropped the fee for its Amazon Fresh grocery service from $14.99 a month (or $179.88 a year) down to zero. You still …
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Amazon’s string of record quarterly profits appears to have collapsed after the company’s bold plan to speed up its shipping saddled it with more expenses. The world’s largest e-commerce company on Thursday posted third-quarter earnings that badly missed expectations, despite better-than-expected sales. Its revenue prediction for the all-important fourth quarter, during the peak holiday retail season, was also soft. Shares plunged …
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Amazon on Wednesday said it vastly expanded its in-store pickup service called Counter. The online retailer said it partnered with GNC, Health Mart and Stage Stores to add thousands more locations to the program. Amazon introduced Counter in May in the UK and Italy, then brought it to the US in June. Counter started in more than a hundred Rite-Aid …
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Amazon top exec Jeff Wilke on Tuesday pushed back against news reports that uncovered counterfeit, illegitimate and unsafe products on its website. “You can find anecdotes to support whatever conclusion you want,” Wilke, Amazon’s CEO of worldwide consumer, said on stage at the Wall Street Journal’s annual Tech Live conference in Laguna Beach, California, “but the vast majority of sales …
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The long-awaited dream of getting your toothpaste zipped to you in minutes via drone is one step closer in the US. UPS and CVS on Monday said they’re working together to develop drone deliveries of prescriptions and retail products from CVS stores to US homes. This partnership is the first foray into retail for UPS Flight Forward, the shipper’s new …
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Amazon for the past few years has installed its bright orange delivery lockers in many corners of the US, from hotel lobbies to convenience stores to supermarkets. Now, it’s eyeing plans to install a lot more, hoping to use the lockers to speed up Prime shipments and bolster its logistics network. The e-commerce giant is quietly working to vastly expand its …
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Starship Technologies launched a new service earlier this year to deliver food and groceries at two US universities using self-driving robots. It’s now planning on doing a whole lot more. The San Francisco-based startup announced Tuesday it will expand this service to 100 universities over the next two years, thanks to an infusion of $40 million in new funding. The …
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The US Federal Reserve Board announced a real-time payments system called FedNow on Monday. The service is being developed now and will be available by 2024, the Federal Reserve said, adding it’ll be “ubiquitous, safe and efficient.” Real-time payments systems, such as Venmo and banking apps, already exist. But the Federal Reserve said most current services are “closed loop” so …
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WhatsApp is launching a payments system later this year, starting in India. Will Cathcart, the Facebook subsidiary’s global head, said Wednesday the company has been testing its payments in India since last year, according to Business Today. The messaging app has 400 million users in India and 1.5 billion globally, the report says, with the payments announcement coming as Facebook …
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