Amazon unveiled a massive expansion of its grocery-delivery business. Shares of supermarket chains and food-delivery companies fell on the news, with Instacart owner Maplebear, DoorDash, Kroger and Walmart all selling off. Stocks mostly rose, reflecting hopes the Federal Reserve will cut interest rates in September.
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Heard on the Street Wednesday Recap: Anxiety in the Grocery Aisle
Published 2 months ago
Aug 14, 2025 at 7:43 AM
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