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Money

Amazon gets more competition from Walmart

Walmart (WMT) will launch a new subscription service, Walmart+ later this month according to Recode.com. For $98 a year, a price comparable to Amazon Prime, subscribers will get same-day delivery of groceries and general merchandise, discounts on fuel at Walmart gas stations, and early access to product deals Walmart had planned to launch Walmart+ in March or April but delayed the debut because of the coronavirus pandemic. It's not clear whether the launch will be regional or nationwide.Walmart's online sales grew by 74% in the first quarter as shoppers moved online in the virus outbreak.

Today markets forget China rally and return to coronavirus recession worries with UAL announcement

United Airlines Holdings (UAL) has warned employees that it has seen a sharp drop in bookings in the last few weeks. Bookings at United's Newark hub were at 16% of July 2019 levels as of July 1. That rate is roughly half of the level a few weeks ago when it looked like air travel was recovering. The problem is especially acute at Newark because New York, New Jersey, and Connecticut have added new quarantine rules following a spike in coronavirus cases in the South and West. Now United is waiting to see if it will experience a similar drop at its Chicago hub after that city placed  new restrictions on travelers from more than a dozen states.

China powers “risk on” rally

Chinese stocks are burning up the track--and that has led the way to a shift toward "risk on" assets across global markts. Today alone the Shanghai Composite Index was up 5.71% as of noon New York Tim

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