6 Most Important Things in Business Today

By Douglas A. McIntyre Updated Jan 12, 8:42AM EST · Published Aug 29, 5:12AM EDT

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6 Most Important Things in Business Today — © Courtesy of Fitbit Inc.

Fitbit Inc. (NYSE: FIT) and Adidas will release a smartwatch aimed at market leader Apple Inc. (NASDAQ: AAPL). Fitbit has been troubled by spotty sales since its IPO. Its shares trade at $6, down from a 52-week high of $17.18.

New York City raised the minimum price of a pack of cigarettes to $13 and blocked pharmacy sales.

Domino’s Pizza Inc. (NYSE: DPZ) and Ford Motor Co. (NYSE: F) will test the driverless delivery of pizza in Ann Arbor, Michigan. Russell Weiner, president of Domino’s USA, said:

We’re interested to learn what people think about this type of delivery. The majority of our questions are about the last 50 feet of the delivery experience. For instance, how will customers react to coming outside to get their food?

It may depend on if it is raining.

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Renault and Nissan have set a partnership with a Chinese company to work on an electric car. According to Reuters:

Nissan Motor and its alliance partner Renault are setting up a new joint venture in China with Dongfeng Motor Group to design and build electric cars, joining a list of global automakers aiming to make such vehicles in China.

The automakers are attempting to tap into a boom for such cleaner “new energy” vehicles in the world’s biggest auto market and gearing up to meet its anticipated stringent plug-in car quotas.

Hurricane Harvey has started to have an effect on gas prices. According to the AAA:

As Hurricane Harvey blasted Texas, gas prices shot up across the country. At $2.37, today’s national gas price average is four cents more expensive on the week and one of the largest one-week national gas prices surge seen this summer.

The organization expects the price to move higher in coming days.

Amazon.com Inc. (NASDAQ: AMZN) and Apple have set systems to get aid to victims of Hurricane Harvey. The money is sent to the Red Cross.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.