Walmart’s expensive attempt to woo wealthy shoppers is ending in failure.
Driving the news: Jetblack, Walmart’s personal shopping startup, is closing its doors, per WSJ. The service, which charged members $600 a year for a personal shopper whom they could text to get anything delivered — except fresh food — was costing the company thousands of dollars because it just never gained much popularity.
Warren Buffett turns 90 in August, and his holding company Berkshire Hathaway could be in for a stock-boosting makeover after he eventually retires, Andrew Bary of Barron's writes (subscription).
Why it matters: Many investors believe that new leadership could allow room for new value as the conglomerate breaks up, Bary writes — "or at least be more amenable to an idea that Buffett opposes."