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The chief market strategist at a $1.3 trillion investment firm breaks down Amazon's 'disruptive' Whole Foods deal

Business Insider Tuesday, 20 June 2017 ()
The chief market strategist at a $1.3 trillion investment firm breaks down Amazon's 'disruptive' Whole Foods dealAmazon's blockbuster acquisition of Whole Foods was a $13.7 billion surprise.

While research analysts across Wall Street quickly weighed in with takes on possible rationales and corporate synergies, there's no denying the market found itself upended, at least temporarily.

Investors quickly piled into shares of both the...
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News video: Is Amazon's next big purchase GrubHub?

Is Amazon's next big purchase GrubHub? 00:41

GrubHub Inc. shares skyrocketed Monday after rumors spread that the food-ordering service could be Amazon's next purchase. The investment firm Wedbush Securities suggested Amazon is considering the deal, after the company's Whole Foods buyout. GrubHub's stocks grew by up to 7.2 percent by midday,...

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