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Oil Enters Bear Market, Uber CEO Resigns, Impact of the Amazon-Whole Foods Deal

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On today’s episode of the Zacks Friday Finish Line, co-host Maddy Johnson is joined by Eric Dutram, an ETF Strategist here at Zacks, and together, they take on this week’s biggest stories, including the latest update on the oil market, big news from Uber, and Amazon’s (AMZN - Free Report) proposed merger with Whole Foods Market .

First, Eric provided some insight into what’s happening with oil right now. Prices sank over 2% back on Tuesday, representing a nine-month closing low on signs of rising production in key parts of the world. Specifically, OPEC members Nigeria and Libya are increasing their output despite the cartel’s commitment to an overall production cut.

The next big story of the week revolved around the embattled ride-sharing company Uber. Just a week after it was announced that co-founder and CEO Travis Kalanick was taking a leave of absence, he officially resigned from his role as chief executive after being pushed out by Uber’s top investors.

Read more: He’s Out: Uber CEO Travis Kalanick Has Resigned

Finally, Maddy and Eric discussed the potential impact of Amazon’s deal to take over organic grocer Whole Foods, and the effect the deal could have on consumers all across the food and grocery space.

Get the full details here:

As a reminder, if you feel that we missed something, or if you want us to cover a different story, shoot us an email at podcast@zacks.com. Make sure to check out all of our other audio content at zacks.com/podcast, and remember to subscribe and leave us a rating on iTunes.

As always, thanks for listening to this episode of the Zacks Friday Finish Line, and check back for even more news from the investment and financial world!

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