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The Nasdaq closed in correction on Wednesday, with tech stocks sinking following disappointing results from Texas Instruments and AT&T.The index finished down about 4%. The Dow was down slopped about 600 points Wednesday afternoon.Microsoft (MSFT) will report its results after the closing bell Wednesday and analysts are estimating that the company will report an increase of nearly 15% for both sales and earnings per share, thanks largely to strength in its cloud business.Netflix already kicked off tech earnings season last week when it reported a healthy jump in subscribers. But the party was short-lived for it and fellow FANG stocks Facebook, Amazon and Google.Netflix (NFLX) rose more than 5% the day after its earnings report but has fallen 9% since then."You can't just say tech is going to do great or even that FANG is going to do great. You have to be more selective," said Daniel Morgan, senior portfolio manager with Synovus Trust Company.  974

The major boom of online grocery ordering shows no signs of slowing down. More than six months into the COVID-19 pandemic, industry experts say the new convenience of ordering groceries through an app is here to stay. "In fact, it's been a huge acceleration. All of our clients that we serve, and we serve some of the biggest supermarkets in North America and the world, they picked up three times the volume that they were doing before this pandemic. And, in fact, more of them didn’t picked up more volume because they couldn't just fulfill enough orders at a time," said Max Pedro, the co-founder and president of Takeoff Technologies. Takeoff Technologies creates automated grocery fulfillment software for some of the biggest grocery chains in the country, including Albertsons, Safeway and Shoprite. The technology requires supermarkets to build a 10,000-square-foot warehouse directly behind their store. When a shopper places an online grocery order at one of these stores, the robots fulfill the order, automatically placing the items in bags, ready for the customer."What happens is those robots bring those individual items to a human being, but those items are coming to a person. They're suddenly making people 13 times more productive than if they have to roam a supermarket aisle to assemble that order," said Pedro.The company has already hit their five-year goal in just four months. "And it’s happened really fast and what’s also happening is we know that consumers are not going back to their previous behaviors. We forcefully trained many, many people to buy their supermarket carts online and they're sticking to it," said Pedro.Laurentia Romaniuk, an Instacart Trends Expert, agrees. "We've seen customers continue to use our site. It seems like online grocery is really here to stay. It's interesting because online grocery has existed in other countries for decades and people have built habits around it in other countries and I think, finally, now America is getting on board with the online grocery trend," said Romaniuk.Instacart, which offers grocery delivery service for a fee from a number of grocery stores across the country, says use of their site went up exponentially at the start of the pandemic. Now that we're in the fall, parents and children are still working and taking classes from home and the need to get groceries delivered or gathered for them, is still there. "Yes, customers are going online and shopping online and becoming more comfortable with that, but also hobbies and habits and eating patterns are changing," said Romaniuk.Pedro says pre-pandemic, only 10% of the market was buying online. It's now grown to 27%. "Remind you that four years ago, the U.S. market was half-a-percent online. Grocery is a really rough category to offer online and still maintain those low prices. Now, with these capabilities and that further need of getting the convenience factor, things have just taken off," said Pedro. Pedro suspects the entire retail industry will soon start reinventing itself, developing technology to offer more delivery and pick-up options to better serve customers who no longer want to go shopping in person. 3181

The National Rifle Association and a mall in Illinois stepped in for a boy who was left in tears after a mall Santa told him he couldn't have a Nerf gun for Christmas.According to USA Today, the Dec. 6 exchange between the mall Santa at the Harlem Irving Plaza in Norridge, Illinois, and Sabella DeCarlo's son Michael went viral last week.In the video, Michael burst into tears after being told no several times by the mall Santa when he asked for a Nerf gun for Christmas, USA Today reported.In an interview with Fox News, Sabella told the network she was shocked by Santa's response, thinking he may have misheard her son, and then thought it was a joke.But Santa's response was still no.After hearing about what had happened, officials with the Harlem Irving Plaza sent a Santa out to Michael's home to gift him with a Nerf gun.In a Facebook post, the mall and the third-party Santa company were "distraught and deeply apologetic" about what transpired between Michael and the Santa and wanted to make sure Michael wasn't sad."We are happy to report that the "real" Santa visited the boy at his home today to bring him a nerf gun! We hope we restored Christmas magic to this boy and his family with Santa's special visit," the mall wrote in a Facebook post. 1268

The Lima Police Department in Ohio has issued a statewide endangered missing child advisory for four children taken by their mother who doesn't have custody of them.Their mother, Marianne Merritt, is said to be headed to Florida. Authorities are looking for a vehicle that is described as a dark blue 2000 Chrysler Voyager with Ohio license plate: FMQ3175. The minivan has a white passenger door.Damara Croley,13, Benjamin Karl- Leland Croley, 12, Patience Wilson, 9, and Damien Wilson, 8, were taken by their non-custodial mother, according to a release.Authorities said Merritt's boyfriend, Charles Perkins, is believed to be with them. He is said to be abusive toward the children and has active warrants. He is considered armed and dangerous.You are asked to contact the Lima Police Department at 419-227-4444 with any information. 878

The Philadelphia Police Department has released officer-worn body camera footage and 911 calls from an October shooting that led to the death of Walter Wallace, Jr.ABC News reports that the release maks the first time in the department's history that it has released body camera footage.Wallace was shot and killed by police on Oct. 26. Police at the time said they were responding to reports of a man with a weapon and that Wallace did not respond to orders to drop a knife he was holding.According to WPVI-TV, Philadelphia police received three 911 calls regarding the incident. The first came from a neighbor who reported that a fight next door. The other two calls came from family members, who asked for help in dealing with Wallace.Bodycam footage from the incident shows officers Wallace leaving a house and walking toward the street holding a knife. Police repeatedly yelled at Wallace to drop his knife and ask others in the area to back away.Despite repeated warnings to drop his weapon, the video shows Wallace circling a parked car and walking toward officers. Police fired 14 shots toward Wallace, though the department has not confirmed how many of those shots struck Wallace.Wallace was later transported to a local hospital where he was pronounced dead.According to WPVI, officers are the scene were not armed with less-lethal weapons, like stun guns. Police Commissioner Danielle Outlaw said Wednesday that the department has sought funding to equip more officers with stun guns.Wallace's death sparked a few days of protests in Philadelphia. Police say that 30 police officers suffered minor injuries during the demonstrations. 1653