Amazon-Whole Foods threat wipes out $40 billion in market value from other companies

Amazon is spending $13.7 billion to buy Whole Foods, but its damage to the stock market has already been in the tens of billions. Just among the biggest losers in the retail and food categories in the S&P 500, the market cap destruction for just 20 stocks was more...

Elon Musk thinks life on earth will go extinct, and is putting his fortune toward colonizing Mars

If we stay on earth forever, “there will be some eventual extinction event,” says Elon Musk in an article published in academic journal New Space. In it, Musk says the alternative to this doomsday is for humans to become a multi-planetary species. He says...