The economist thinks the Fed ought to pay more attention to financial markets when setting interest rates.The Fedread more
Kohl's, J.C. Penney and Nordstrom release disappointing earnings news, putting a damper on their sector.Retailread more
Bezos's comments give a rare glimpse into his interest in the auto industry. Amazon recently invested in two self-driving start-ups.Technologyread more
While investing often seems like a contrarian game where going against the flow feels like the better bet, the reality is that investors who bought the most-favored stocks...Hedge Fundsread more
Talks between the world's two largest economies have stalled after each nation lobbied higher tariffs on the other's imports.Traderead more
"Pretty much the entire suite of apps that 'talk' over the internet could be vulnerable," said Tom Uren, a senior analyst at the Australian Strategic Policy Institute's...Cybersecurityread more
A Chinese official in Hong Kong is urging the quick passage of legal measures to allow fugitives to be transferred to the mainland.China Politicsread more
GAC Motor said its delaying its launch in the U.S. but had no timeline when it could launch there.Autosread more
Shares in Asia were higher in Wednesday morning trade following a positive finish overnight on Wall Street, though trade tensions continued to linger between the U.S. and...Asia Marketsread more
See which stocks are posting big moves after the bell on Tuesday, May 21.Market Insiderread more
CBS plans to renew discussions for Starz with Lions Gate in the coming weeks, according to people familiar with the matter. If a deal happens, the remainder of Lions Gate...Technologyread more
Quip wants to be more than a toothbrush company. As part of its quest, it is acquiring dental insurance start-up Afora for an undisclosed amount.
Quip started selling electric toothbrushes online in 2015 and has since been cultivating a network of consumers. Similar to other online direct-to-consumer personal-care brands like Harry's and Dollar Shave Club, Quip offers subscriptions.
The company wants to connect patients and dentists using its online platform. It reminds customers when it's time for a checkup and allows dentists to reward them for coming in by paying for replacement batteries and brush heads.
Afora sells basic dental insurance plans for $25 a month and a premium version for $45 a month. It covers two cleanings a year, a dental exam and X-rays. It lists prices on its website for extra procedures like having cavities filled.
Quip won't immediately integrate its toothbrushes with Afora's plans, but it could merge the two businesses over time, said Quip co-founder and CEO Simon Enever. Afora's founder Jeffrey Rappaport will join Quip as director of dental care.
"The key for us is this is not an overnight thing to complete the entire picture we've described," Enever said. "It's another step toward bringing together the pieces of the puzzle and helping people understand that using a toothbrush twice a day is truly connected to the experience you get and the treatment you need when you visit a professional."
Quip struck a financing deal with Silicon Valley Bank worth up to $10 million. The company closed a $10 million round of Series A funding in November with investors like Demi Lovato and Sherpa Capital, whose founders invested in eyewear start-up Warby Parker.
It's not the only newcomer interested in this space. Beam Dental started selling Bluetooth-connected toothbrushes and expanded into dental insurance after seeing an opportunity to use more than a year's worth of data it collected. The idea is to figure out which users are brushing and flossing their teeth and offer them cheaper rates and other incentives.