Smucker and Hormel fall after earnings miss in wake of Amazon-Whole Foods merger

Shares of J.M. Smucker and Hormel Foods fell sharply Thursday after weaker-than-expected earnings as consumers continue to turn down packaged foods in favor fresher offerings, especially as Amazon prepares to take over organic grocery chain Whole Foods Market. Shares...

Silicon Valley exec wants to fix California’s housing crisis by scrapping $64 billion bullet train

One option he has publicly proposed is shutting down the construction of the $64 billion bullet train, which is expected to run from San Francisco to Los Angeles by 2029 (two extensions, one to San Diego and one to Sacramento do not have projected completion dates)....

About 90% of start-ups are overvalued, billionaire LinkedIn co-founder Reid Hoffman says

Public markets have made it clear that a successful technology platform is worth more than almost any other business. Just look at the market capitalizations of Apple, Alphabet, Facebook and Amazon: $826 billion, $647 billion, $490 billion and $460 billion,...