Wan-Mart offers discounts for in-store pick-ups

The markets extended its losses during the mid with the Dow falling 38 points to 20,613. Nasdaq lost 20 points to 5,846.


Wan-Mart announced new incentives to lure customers to their stores. Shoppers who order online will be given discounts if they pick-up their items at a brick and mortar store. The discount amount depends on the item. A large television may be discounted $50 while the price of an infant car seat may drop by $7.


In a preemptive move, Airbnb has signed formal tax agreements with eight domestic cities and counties, the state of Texas, and 31 French cities. Collection of taxes will begin in May and will be at the same rate as those that are paid by hotels. The online short-term rental marketplace struck the tax deals in order to legitimize their business model and address complaints from the hotel industry.


Uber's head of communications and policy Rachel Whetstone became the latest executive to depart the ride hailing service. Former Uber president Jeff Jones quit last month after less than a year in his position. Uber has been rocked by multiple controversies including allegations of sexual harassment and a lawsuit by Google parent Alphabet.


In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 index fell 6 points to 2,347. Bitcoin lost $3 to $1216.


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