US Stocks traded sharply higher yesterday as the market recouped some of last week’s steep losses caused by the Federal Reserves’ policy shift.
DoorDash announced they are partnering with Albertsons to offer on-demand grocery delivery within an hour from nearly 2,000 of Albertson’s stores, including Safeway, Vons and Jewel-Osco. DoorDash shares are up more than 5%, while Albertsons gained more than 2%. The partnership shows how DoorDash can help grocery stores like Albertsons compete with Amazon and Walmart, which currently lead the online grocery delivery market.
The Supreme Court handed a unanimous victory Monday to Division I college athletes in their fight against the NCAA over caps it sought to impose on compensation. The court voted 9-0 to affirm lower court rulings that found that antitrust law prevented the NCAA from restricting payments to athletes. The justices rejected the NCAA’s argument that its players’ amateur status would be impossible to maintain if they could receive pay, even for education-related expenses.