PepsiCo plans price hikes on some chips and sodas, Bloomberg News reports
Turkey stocks lower at close of trade; BIST 100 down 2.74%
Two BOE Deputies Signal They Are Moving Toward Raising Rates
Turkey Discusses Investor Paybacks in Fund Crisis Talks
Citi and HSBC Invest in Payment Intelligence Firm IPID
UAE bars flights by Iran's airlines: Iranian media
PepsiCo (PEP) Stock Dips as Company Reverses Pricing Strategy on Chips and Beverages
US Stocks Extend Drop as Oil Surge Stokes Fed Rate-Hike Bets
White House defies court order and blocks access to news outlets
Trump and Xi to Discuss Security and Technology Issues
FDA Nominee Defends MMR Vaccine That Trump Called ‘Lethal’
Why is Rollins stock sliding today?
DeepMind Alumni Draw Investors Beyond Large Language Models
AI Communications App Ando Secures $20 Million in Funding
NY Sues Polymarket in Escalating Crackdown on Prediction Markets
SoftBank raises $11.1bn in world's biggest high-yield corporate bond sale
Cleverbridge Executes France's First Passkey-Authenticated Payment with Revolut
Ghana Remains Cautious on Rates as Wars Seen Stoking Inflation
PepsiCo to Raise Some Prices After Cuts Failed to Grow Sales
Hyundai Anticipated to Surpass Ford in Q3 Sales Amid Hybrid Vehicle Shortage
Fed’s Paulson Says Modest Further Tightening May Be Needed
UAE and Saudi Arabia eye India refinery investments, minister says
Five spots to watch as the bond market sails past 5%
UAE suspends Iranian airlines following US sanctions threat
HSBC axes $26,000 perk for Hong Kong bankers to join members’ clubs
Federal Reserve Board issues enforcement action with former employee of Sandy Spring Bank
A Weary Hollywood Celebrates the Prospect of Federal Funding
Scott Sheffield Claims Exxon CEO Betrayed Him in $60 Billion Pioneer Deal
MGM Resorts Shares Drop 9% Following Rescinded Takeover Offer
The Deal: How AI is Changing the Fan Experience
GoDaddy surges 11% after FT reports takeover bid by Gen Digital
Hafnia stock falls after increasing stake in Torm to 19.85%
US new home sales jump to eight-month high in August
Trump and Xi Discuss Trade and Technology During White House Meeting
Federal Reserve's Paulson Attributes Rate Hikes to September Inflation Reports
Saudi East-West Pipeline Boosts Crude Volumes Amidst Delays at Yanbu
US New-Home Sales Rise to Fastest This Year as Prices Drop
Ghana Holds Rate for Third Time in Row on Inflation Risks
Beyond the AI abundance delusion
U.S. to Maintain Limited Support for NATO Capabilities
GoDaddy Receives Takeover Offer from Norton Antivirus Maker
Fed’s Hammack Says Shocks Risk an Inflationary Mindset
Why is Fastly stock dropping today?
Delek stock falls on $400M convertible notes offering
Natural gas storage exceeds expectations, impacting energy markets
Wall St slips as Middle East uncertainty lifts oil; Trump-Xi talks in focus
BoE’s Breeden: "Increasingly appropriate" to respond to rising inflation risks
Fighting Spreads in Ethiopia as Risk of Renewed Conflict Rises
Narmi Launches AI Marketplace for Community Banks
Philadelphia Fed President Signals Potential for Further Interest Rate Hikes
New AI Safety Standards Body Formed by Google, OpenAI, and Anthropic
GoDaddy receives takeover offer from maker of Norton antivirus software
McDonald’s (MCD) Stock Tumbles as Analysts Slash Price Targets on Reinvestment Concerns
Philadelphia Fed Official Signals Potential Interest Rate Increases to Combat Inflation
US War Department Confirms Seizures of Ships Supporting Iran
United States Captures Three Tankers Linked to Iran in Atlantic
Bitcoin (BTC) Slips Under $84K as Treasury Yields Surge to 19-Year Peak
Zillow Group (Z) Stock Plummets to 52-Week Low: Investment Opportunity or Warning Sign?
Amazon (AMZN) Stock Dips as Company Announces $100M Indiana Robotics Facility
China Shuns Costly Brazil Soybeans Ahead of Trump-Xi Summit
New home sales exceed expectations with notable increase
Fed’s Paulson Says Modest Further Rate Increases May Be Needed
Canada July retail sales fall 0.7%; seen up 1.3% in August
IMF review calls for ’fewer but deeper’ reforms in design of loan programs
ECB Executive Board member Isabel Schnabel to resign to take senior role at IMF
NATO Official States US Troop Deployment Review in Europe Lacks Pre-Determined Outcome
Why is Gildan Activewear stock plunging today?
Analysis-Trump-Xi meeting outside UN spotlight tests world body’s clout
Google Is Sending an A.I. Data Center to Outer Space
Lowe’s Tests 20-Minute Drone Delivery With DoorDash and Alphabet’s Wing
Home improvement retailer Lowe’s is testing drone delivery in Charlotte, N.C., saying in a Thursday (Sept. 24) press release that this fulfillment method gets select items to directly to do-it-yourself and professional customers in as little as 20 minutes.
This offering is powered by Wing and DoorDash, companies that already offer drone delivery operations in the area and serve other brands as well, according to the release.
Lowe’s customers can order products through the DoorDash app and have them delivered by Wing drones, the release said.
Lowe’s is initially offering a curated list of products to be delivered by drone, including hand tools, paint products, everyday household items and other products that are easily forgotten but critical for home improvement tasks. Wing drones can transport about 2.5 pounds per flight, per the release.
Drone delivery helps Lowe’s achieve its mission of removing friction from home improvement and making it easier for customers to complete their projects, Lowe’s Chief Information and AI Officer Seemantini Godbole said in the release.
“By piloting drone delivery, we’re addressing a real project pain point with an innovative solution that is integrated into the retail journey, giving our hometown customers next-generation fulfillment right when they need it,” Godbole said.
Wing debuted its drone delivery service in April 2022, operating from the parking lot of a Walgreens store in Little Elm, Texas, PYMNTS reported at the time. Wing is an Alphabet company, according to Wing’s website.
DoorDash and Wing launched their drone delivery pilot program in Australia in 2022 and extended the program to the United States in March 2024, starting with deliveries from one Wendy’s location in Christiansburg, Va.
DoorDash and Wing announced in April that they expanded their drone delivery partnership to metro Atlanta and that they already offered drone delivery in parts of Southwest Virginia, the Dallas-Fort Worth metroplex and the Charlotte region.
In an April press release announcing that expansion, Harrison Shih, head of the DoorDash drone program, said: “Autonomous delivery is an important part of how we’re making local commerce faster, more delightful and more sustainable.”
Wing said in June that its drone delivery partnership with Walmart is expanding to seven new major metro areas, bringing that collaboration’s total service footprint to nearly 20 U.S. markets.
Source: PYMNTS.com