In the headlines Nov 2: AMZN, CVS, WMT, WBA, VALE

By Kirsteen Mackay

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Amazon hiring freeze, greed in food sales, risky trading, CVS, WMT, WBA opioid settlement and Vale sale are in the headlines this morning.

#InTheHeadlines

Amazon Freezes Hiring Levels

Amazon.com Inc. (NASDAQ: AMZN) is reportedly freezing staffing levels in its profitable advertising business.

  • CFO said last week that the company was ‘investing’ in ads unit

  • E-commerce giant responds to a slower pace of sales growth

Soaring Food Prices, Soaring Profits

Some companies and restaurants continue to raise prices even after their own inflation-related costs are covered.

Risky Trading Strategy Proving Popular

Short-dated options fuelling intra-session volatility on S&P 500.

$13.8bn Opioid Settlement

CVS Health Corp (NYSE: CVS), Walmart (NYSE: WMT), and Walgreens Boots Alliance (NASDAQ: WBA) tentatively agrees to pay $13.8bn to settle opioid lawsuits.

Mitsui Eyes Vale Nickel Copper Stake

Mitsui considering a bid for a minority stake in Vale's (NYSE: VALE) nickel and copper operations.

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Author: Kirsteen Mackay

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

Kirsteen Mackay does not hold any position in the stock(s) and/or financial instrument(s) mentioned in the above article.

Kirsteen Mackay has not been paid to produce this piece by the company or companies mentioned above.

Digitonic Ltd, the owner of ValueTheMarkets.com, does not hold a position or positions in the stock(s) and/or financial instrument(s) mentioned in the above article.

Digitonic Ltd, the owner of ValueTheMarkets.com, has not been paid for the production of this piece by the company or companies mentioned above.

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