The Dow, a day after losing 285 points, was set to advance about 200 points at the Wednesday open on Wall Street.
a biometric payment system that charges users by scanning their hands, according to the New York Post. Amazon would reportedly introduce the technology at some of its Whole Foods stores by the beginning of 2020.a cheap new iPhone next spring to address declining market share, according to Japan's Nikkei news service. The phone, reportedly a successor to the iPhone SE, comes as the U.S. tech giant saw two straight quarters of shipment declines.
Tyson Foods cut its full-year earnings forecast to $5.30 to $5.70 per share, compared to estimates of $5.94. The poultry and beef producer cites the impact of a recent fire at a key factory as well as commodity market volatility. Hedge fund Starboard Value disclosed a 7.5% stake in Box , calling shares "undervalued." Starboard, now the second largest shareholder behind Vanguard, said it may talk to the cloud service provider about exploring a potential sale.
Realty Income announced the acquisition of 454 single-tenant properties from CIM Real Estate for about $1.25 billion in cash. The real estate investment trust also raised its outlook., claiming the retailer used a look-alike model to promote its products. The pop star, who declined to work with Forever 21, is seeking at least $10 million in damages. The embattled retailer is considering filing for bankruptcy.
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