Credit Suisse

"Robots, Drones" Mean Mass Layoffs For Whole Foods Employees

Carmen Clark, a six-year Whole Foods employee said some workers worry that Amazon-led automation could lead to job cuts. "Everybody's been kind of joking that it's going to be robots and drones." Sadly for Carmen and her co-workers, it's not a joke.

Grocery Stocks Crash After Amazon Buys Whole Foods

(WMT -4%, TGT -5.5%, SFM -7.6%, KR -12%) Whole Foods stock was halted for 'news pending'... and now we have the answer - Amazon to acquire Whole Foods Market for $42/share in an all-cash transaction valued at ~$13.7b, including Whole Foods Market’s net debt.

A Stunned Wall Street Reacts To UK's Hung Parliament

It was supposed be a UK general election that solidified Conservative dominance, and boosted Brexit leverage. It ended up being the opposite, after British voters delivered a stinging rebuke to Prime Minister Theresa May and her ruling Conservative party, depriving her of a majority, resulting in a "hung parliament" and thrusting the country back into a new period of uncertainty as it prepares to depart from the European Union.

The Internet Helped Kill Inflation In America, Says Credit Suisse

"...what’s really killed inflation clearly isn’t the Fed’s monetary policy but the Internet – it’s the sharing economy, the network economy it’s the uber-deflationary companies like Uber, Amazon, Airbnb and the like who have transformed most companies and most sectors into price takers rather than price makers."