Amazon Go welcomes the public

The markets advanced during the midday with the Dow gaining 62 points to 26,134. Nasdaq climbed 51 points to 7387.


Amazon Go welcomed the public to its cashier-less grocery store in downtown Seattle today. Customers scan the Amazon Go app on their smartphone when they first enter the store, place items into their shopping bags as they wander through the 1,800 square foot store, then walk out. Amazon's proprietary Just Walk Out technology automatically tracks products and seamlessly charges customers for their purchases.


Ralph Lauren designed down parkas for the U.S. Winter Olympic team that are equipped with heating technology. The heating system is hidden inside the jackets and uses carbon and silver ink that is printed onto the jackets to conduct heat. A battery pack powers the heat and can last for 5 hours on high and 11 hours on low.


Two hedge funds that own shares of Xerox have called upon the company to explore strategic options. Carl Icahn has demanded that chief executive Jeff Jacobson be replaced and that a joint venture with Fujifilm Holdings be renegotiated. Xerox has affirmed its confidence in its management team and is focused on following the current direction of the company.


In the broad market, advancing issues outpaced decliners by a margin of nearly 4 to 3 on the NYSE and by nearly 6 to 5 on Nasdaq. The broader S&P 500 gained 13 points to 2,823. Bitcoin plummeted $691 to $10,512.


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