Month: February 2020

Hedge funds test Swiss tolerance with franc gambit

Hedge funds betting that the Swiss franc will climb further against the euro will soon meet their match, according to investors who are taking the other side of the trade. The Swiss currency on Thursday climbed to a 4-1/2 year high of 1.061 francs per euro EURCHF=EBS, fast approaching the point where its central bank […]

Walmart’s text message-based Jetblack shopping service shuts down

Walmart’s experimental personal shopping service, Jetblack, is shutting down, according to a report from The Wall Street Journal. The service launched in 2018 and allowed customers in Manhattan and Brooklyn to shop at Walmart stores by texting the service. Then employees would receive and fulfill those orders. Jetblack, which was available for $50 per month, […]

Man who killed unarmed black man in parking lot dispute attacked in prison

The man who was found guilty of manslaughter in the shooting death of an unarmed black man during a parking lot dispute was attacked in prison Tuesday and has been transferred to protective custody, his lawyer said. Michael Drejka, 49, was hit in the head with a sock that had a lock inside, defense attorney […]