Amazon.com Inc.

Is Wal-mart Deal to Jet.com for $3B a 'Desperate Move'?

Published on Aug 8, 2016 Aug. 8 — Wal-Mart Stores Inc. (WMT, quote) agreed to buy e-commerce startup Jet.com Inc. for about $3 billion in cash, giving the world’s largest retailer the resources for a stronger shopping website to compete with Amazon.com Inc., the online market leader.

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Well this week kicks off earnings season right in the middle of the euro zone storm and ahead Wednesday’s FOMC statement.