Welcome to Finance Insider, Business Insider’s summary of the top stories of the past 24 hours. Sign up here to get the best of Business Insider delivered direct to your inbox.
Whole Foods’ new order-to-shelf (OTS) inventory-management system is aimed at making stores more efficient and cutting down on food waste. But employees say the retailer’s method of ensuring compliance is crushing morale.
The grocer enforces compliance with OTS by instructing managers to regularly walk through store aisles and storage rooms with checklists called “scorecards” to make sure every item is in its right place, according to nearly 80 pages of internal company documents reviewed by Business Insider.
“The stress has created such a tense working environment,” a supervisor at a West Coast Whole Foods store said. “Seeing someone cry at work is becoming normal.” Read the full story.
The new year isn’t off to a great start at billionaire investor David Einhorn’s Greenlight Capital, either, continuing a recent rough patch for the hedge fund. The Greenlight Capital (Gold), L.P. – Dollar fund fell 6% in January, according to a client update from Wednesday seen by Business Insider.
A veteran of the sales and trading world has joined upstart IEX at a critical junction in the young stock exchange’s life – right as its going after the marquee business of NYSE and Nasdaq.
Here’s the latest in markets news:
- A top Wall Street executive told us of two risks that could torpedo the booming global economy this year
- The bond market is creating huge problems for stocks – and investors don’t realise how bad it’s gotten
- GOLDMAN SACHS: Now is the best time in a decade to invest in commodities – here’s our top trade
- Wall Street can’t stop sounding the alarm on a ‘double bubble’ in both stocks and bonds
- Warren Buffett has enough firepower to do a $US160 billion deal this year
- MORGAN STANLEY: Here are the 10 healthcare companies most likely to get bought this year
Tech earnings season rolls on with three of the biggest companies on the planet reportingThursday: Alphabet, Amazon, and Apple.
Alphabet, Google’s parent company, is expected to report a monster quarter that was nonetheless tainted by YouTube’s nasty year.
Millennials are loading up on Amazon ahead of earnings. The company is shockingly more expensive than Walmart – here’s how their prices compare for 50 popular products. Cities that lure Amazon with incentives may be getting a ‘bad bargain,’ a new study says.
Facebook is climbing after crushing earnings yesterday and saying a fundamental change could be coming to its platform. Microsoft shares are sliding after earnings failed to impress Wall Street.
- Ripple’s XRP tumbles below $US1 for the second time this year.
- Crypto CEO responds to accusations of $US600 million Arise Bank ICO fraud.
- A crypto company touted by rapper The Game just got hit with a lawsuit from investors who want their money back.
- Armed raiders who held 2 bitcoin traders at gunpoint in rural England didn’t actually manage to steal anything.
- Square jumps on news that most of its users can now trade in bitcoin.
Lastly, Taco Bell is taking aim at its fast-food competition with $US1 fries – here’s how they stack up against the other major chains.
Business Insider Emails & Alerts
Site highlights each day to your inbox.