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Review: Electrolux Pure i9

Many people like to run their robovacs at night or while they’re at work. I choose to run ours while I’m awake, right after dinner and while we're putting the kids to bed. First off, I don’t see any reason to walk around all evening with crumbs sticking to the bottoms of my feet if I don’t have to. But I’ve also found that most robot vacuums will require rescue, which means you have to be awake or around. If you’re sufficiently pressed for time and energy that you need…

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The Essential Phone Is Now $350, Half Its Original Price

The smartphone market can be cruel to newcomers, especially in the United States. It's a place where big names matter most, and four major wireless carriers still hold all the keys to the kingdom. Devices that should change the market often fall flat or gain only niche followings. Andy Rubin's high-end Essential Phone still has the bells and whistles of an $700 phone, but it's price is half that. Less than a year after it's debut, Amazon has the phone for $350. If you're hunting for a smartphone, you'll be…

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WPP CEO Sorrell Quits After Three Decades at Top of Ad World

Quarta to step in as executive chairman in the interim Resignation follows allegations of personal misconduct announced April 3 that it was investigating the allegations. The resignation preempts what could have been an inglorious departure for someone who was the public face of the advertising industry writ large. Sorrell was set to join the rest of the board early next week for scheduled

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Review: Tecnica Forge GTX

At Outdoor Retailer in January, surrounded by the hubbub of thousands of people and products, I sat perfectly still. I couldn’t move. My feet were strapped into Tecnica’s custom heat-molding machine as I endured being fitted for a test pair of the Tecnica Forge GTX hiking boots. Tecnica First, Tecnica product manager Federico Sbrissa heated the boot’s insoles to 180 degrees Fahrenheit. When I stepped onto them with socks on, they felt comfortably warm, not hot. He strapped pads around my feet that inflated to apply 160 millibar of pressure…

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The 4 Best Cheap Phones May Surprise You

Smartphones are ridiculously expensive, and U.S. wireless carriers like T-Mobile and Verizon go out of their way to make them seem affordable. I mean, why not buy a $950 Galaxy Note 8 if you only have to pay $0 down and $30 a month for it? Let me list the reasons why: you’re still wasting hundreds of dollars you could use to buy or save for something else that may add value to your life. It also gives your wireless carrier a lot of control over you, since you can't…

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This Tiny Hedge Fund Just Made 8,600% On a Vix Bet

Not everyone got crushed when the market collapsed. For traders at a little-known Denver hedge fund who saw it coming, it was the score of a lifetime — a $17.5 million payday on a $200,000 bet. “People were laughing at us, saying this could never happen, this should never happen,” Justin Borus, the 41-year-old founder and manager at Denver-based Ibex Investors, said in an interview. “We saw people pricing this as a 1-in-5,000 event, but it was more like a one-in-five-year event.” Borus’s team bet that an exchange-traded fund linked to…

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Target to Buy Shipt for $550 Million in Challenge to Amazon

Target Corp. agreed to purchase grocery-delivery startup acquired software company Grand Junction, which also manages local and same-day deliveries. Target now offers same-day delivery in New York City and can send orders from 1,400 of its stores. Competition in this space is growing fiercer, though, as rivals Wal-Mart Stores Inc. and Best Buy Co. also apparel, have sent retailers scrambling to improve their online offerings. E-commerce sales are up about 17 percent this holiday season, according to Adobe Systems Inc., and online merchants racked up a record $6.59 billion on…

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Alibaba Singles’ Day Posts Record 168 Billion Yuan in Sales

Jack Ma is using it as a testing ground for his plans to revamp China’s $4 trillion traditional retail sector with technology, an experiment that could help the behemoth gain an edge in China’s saturated market. “The work that’s been done in the integration of offline and online, not just in terms of the technology integration, but the data and efficiencies for brands and the consumer through personalization has been enormous,” Alibaba President Mike Evans said in an interview on Bloomberg TV. “We see the impact of it in our…

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Alibaba Singles’ Day Sales Hit $8.6 Billion in First Hour

Jack Ma is using this year’s event as a testing ground for his plans to revamp China’s $4 trillion traditional retail sector with technology, an experiment that could help the behemoth gain an edge in China’s saturated retail market. “The work that’s been done in the integration of offline and online, not just in terms of the technology integration, but the data and efficiencies for brands and the consumer through personalization has been enormous,” Alibaba President Mike Evans said in an interview on Bloomberg TV. “We see the impact of…

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Amazon Threat Causes Shakeout in the Health-Care Industry

McKesson Corp., Cardinal Health Inc. And late in the day, shares of CVS Health Corp. Executives in the drug industry say that Amazon could use its expansive online reach and its logistical muscle to threaten companies that ship and sell medicines to consumers and cut pricing deals with drug makers. “Size and scale-wise, they can disrupt anywhere they want to disrupt,” said Chip Davis, president of the Association for Accessible Medicines, a trade group for generic medication, in an interview Thursday. Competitive Squeeze A deal for Aetna could conceivably move…

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Anthony Weiner Sentenced to 21 Months in Prison

Anthony Weiner was sentenced to 21 months in prison for exchanging sexually explicit messages with a 15-year-old girl, capping the spectacular fall of the former congressman whose self-destructive behavior wrecked his career and marriage and played a role in the final days of the 2016 presidential campaign. “The crime I committed was my rock bottom,” a tearful Weiner told U.S. District Judge Denise Cote. He was ordered to surrender to prison on Nov. 6. “I was a very sick man for a long period of time, but I am also…

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Odds and Ends 

Dote raises $7.2 million for its mobile shopping app

While consumers are increasingly turning to Amazon to buy everything from home goods to electronics, a newly launched app called Dote believes theres an opportunity to compete with the e-commerce giants fashion business. There are brands that dont want to put their stuff on Amazon because it degrades their brand, claims founder and CEO Lauren Farleigh. Further, she adds, We know that users dont want to download 20 different apps to access all their favorite fashion lines. Her solution is a mobile shopping app that curates from brands like Sephora,…

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Deal-finding browser tool Honey now tracks Amazon price drops, offers hotel savings

Since its launch several years ago, the deal-finding browser add-on Honey has grown its install base to 4.4 million users on Chrome, in addition to its smaller presence on Firefox and Safari. Initially conceived as an easier way to find savings by tracking sales and retailers promo codes, the company is now expanding its selection of online shopping tools to include an Amazon price drop tracker called DropList, along with other new tools for finding travel deals. With its heavy focus on finding coupon codes, Honey has been missing out…

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Targets next-day essentials delivery service opens to customers in pilot test

Target announced this morning its opening to consumers a new, next-day home-delivery service called Target Restock. The company said in May the service was live and being tested with company employees ahead of a consumer-facing pilot program that was due to arrive sometime this summer. The service is initially available to Minneapolis-area customers, which is near Target headquarters. Target Restock is meant to rivalAmazons Prime Pantry, as it also offers the ability for online shoppers to fill a box of everyday essentials online many of which would be otherwise prohibitive…

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