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U.S. markets news

S&P 500 and Nasdaq rise as tech stocks jump nearly 1%
The broad S&P 500 traded just above the flatline, erasing earlier losses, with the tech sector advancing nearly 1 percent. The tech-heavy Nasdaq, meanwhile, gained 0.7 percent.
Technology Companies Rally, Offsetting a Plunge in Walmart  U.S. News & World Report
Technology stocks rally, offsetting Walmart's plunge  Los Angeles Times
New York Times  
Albertsons, Rite Aid deal creates US supermarket and healthcare giant
Corrections & Clarifications: An earlier version of this story misidentified the $3.7 billion in earnings before interest, taxes, depreciation and amortization.
Grocer Albertsons Eyes Rite Aid Deal in Health Care Push  U.S. News & World Report
Albertsons to Buy Rite Aid, Combining Groceries and Drugstores  New York Times
Walmart's Online Sales Come Under Pressure
Walmart posted a profit of $2.18 billion, or 73 cents a share, compared to a profit of $3.76 billion a yer ago. Photo: Elise Amendola/Associated Press.
Walmart execs grilled on disappointing online growth on earnings call  MarketWatch
Walmart 4Q profit misses, e-commerce cools  The Mercury News
KFC shortages to continue all week
Delivery problems will mean some KFC outlets will remain closed for the rest of the week, while others will have a reduced menu or shortened hours.
British KFC Fans Are Freaking Out Because the Stores Don't Have Any Chicken  TIME
KFC was warned about switching UK delivery contractor, union says  The Guardian
Qualcomm Gains the Upper Hand in Megadeal Machinations
Locking down a deal for NXP helps the chipmaker in its efforts to win a higher price from Broadcom. By. Brooke Sutherland. @blsuth More stories by Brooke Sutherland.
Broadcom's bid is 'just not even close,' lead Qualcomm director says  CNBC
Qualcomm boosts NXP bid as it resists Broadcom takeover  BBC News
Amazon uses cash back benefits to entice Prime members to Whole Foods
Amazon's latest grocery push focuses on enticing Prime members to shop at Whole Foods with cash back. Amazon announced that Prime members using the company's Rewards Visa card will now get 5 percent back on Whole Foods purchases.
Amazon Just Announced a New Whole Foods Perk for Some Users  Fortune
Amazon cooks up new Prime perk: 5% back on Whole Foods purchases  USA TODAY
The Gap CEO Out After Struggling to Grow Profits
Gap Inc (gps, -3.01%) is facing new challenges with the head of its namesake brand leaving The Gap after failing to improve operations and profit growth to the liking of the clothing retailer's chief executive.
Gap Sinks After CEO of Ailing Flagship Brand Is Sent Packing  Bloomberg
Gap's CEO of its namesake brand stepping down  USA TODAY
Nike Teams Up With Snapchat For In-App Air Jordan Presale
Marking the first time that a brand other than Snap has allowed consumers to purchase a product directly through Snapchat, Nike pre-released its Air Jordan III “Tinker” sneakers on Snapchat with same-day delivery, TechCrunch reported.
Citi downgrades Snap, cuts price target as users lash out over redesign  CNBC
Snap's Stock Tanks as Online Campaign Against Snapchat Redesign Spreads  TheStreet.com
Elon Musk's Boring Company gets green light to start digging in Washington, DC
Elon Musk's tunnel-boring project has received more vague government approval for its equally vague plans to build an underground hyperloop between New York and Washington, DC.
Elon Musk Is Back to Digging Tunnels, This Time Under DC  Gizmodo
The Boring Company gets a permit to dig up Washington DC parking lot  Ars Technica
Tesla Hackers Hijacked Amazon Cloud Account to Mine Cryptocurrency
An unidentified hacker or hackers broke into a Tesla-owned Amazon cloud account and used it to “mine” cryptocurrency, security researchers said.
Tesla's Amazon cloud account was hacked and used to mine cryptocurrency  Business Insider
Intruders 'borrowed' Tesla's public cloud for cryptocurrency ...  Engadget