Mattress merger reshapes online bed market with Tuft & Needle
Serta Simmons and Tuft & Needle announce a merger linking online direct to consumer strengths with select store distribution. Tuft & Needle, founded 2002 in Phoenix, sells mattresses from 350 to 750 dollars and plans rapid scale. Mattress Firm’s financial troubles loom as the deal could shift industry dynamics and store footprints nationwide.
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IBM patent outlines coffee delivering drones with user sensing
IBM seeks a patent for a coffee drone that flies through spaces to deliver cups and uses facial or voice recognition, Bluetooth, and electronic IDs to ensure the right person receives the drink. It could assess sleep quality and other biosignals to time and target deliveries in offices, cafes, or events and even assess if alcohol is being consumed or a minor is served.
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Invest in stocks after retirement for inflation protection
Retirees should reduce stock risk but avoid all equity. Do not rely solely on bonds for income, since future purchasing power declines. A rule of thumb is to hold 110 minus your age in stocks, so a 70 year old might aim 40 percent. Priorities shift to preserving wealth, income, and limiting volatility. ETFs like Vanguard High Dividend Yield help retirees access diversified income. The S&P 500 and Russell indices show markets up or down with time.
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